let's getz back to eamon javers in milwaukee. eamon? >> reporter: yeah, melissa.rom the office of the special cou counsel. remember, eye iaileen cannon th out that classified documents case earlier today, and her argument for that was that the appointment of the special counsel himself was unconstitutional. she agreed with a filing by the trump side, dismissed the case entirely. now we have this new statement from the office of the special counsel, saying the dismissal of the case deviates from the uniform conclusion of all previous courts to have considered the issue that the attorney general is staff lorty authorized to appoint a special counsel. the state goes on to say, the justice department has authorized the special counsel to appeal the court's order. so, they is an indication from the special counsel's office they've been given guidance, and you have to imagine that comes from very high up from the department of justice that they can try to take it to the next level, and maybe all the way up to the supreme court, to see if they can preserve that document

eamon javers is joining us more with that story. eamon, good morning. >> good morning, frank. republican party released the campaign platform yesterday and releases technology areas of crypto and artificial intelligence. vowing to protect americans from elites controlling the technology of the future. on crypto now, the platform released yesterday says republicans will end democrats unlawful and unamerican crypto crackdown and oppose the creation of the central bank digital currency. we will defend the right to mine bitcoin and assure every american has the self right to custody and transact free from government control. that reflects a concern about the biden administration exploration of central bank digital currency technology, although biden hasn't endorsed the currency rolling out. the fear on the right is government participation and creation of cryptocurrency could threaten the currency status as a haven from government controlled money. on a.i., the party platform released yesterday says we will repeal joe biden's dangerous executive order that hinders a.i. innovation

for more on the wave of support around harris, let's bring in eamon javers. seeing the money flowing in for harris so far. >> frank, this was never a question of money drying up. this was a question of support for joe biden drying up and donors' frustration. now he is out of the race f, we will see a gusher of money to the democratic committee. kamala harris is now the only declared candidate on the democratic side. it is not impossible we might see others. take a look here at what actblue said. you mentioned them overnight. they put out a statement de detailing the fundraising. actblue saying as of 9:00 ap.m. e eastern time, $46 million has been added. they say is the biggest fundraising day of the cycle. small donors are fired up and ready to go. an indication here of fundraising success early for kamala harris. here is what heshe said in the fundraising email. these are not ordinary times. this is our america. that fundraising e-mail going out within hours of the announcement yesterday. meanwhile, we are learning more about the democratic national committee

eamon javers has been in milwaukee all week, has been well versed in this discussion, eamon, that we'reaving yet again today. >> yeah, that's right, carl. you're mentioning that quote from jd vance last night about wall street. i want to play that for you, because i think it does mark a real break. i was surprised, frankly, at how much economic populism was in this jd vance speech last night. we knew this was coming with the jd vance pick. we knew the jd vance pick signalled a shift in the republican party's thinking about the economy, but he went much more overt with it than people were expecting. here's what he had to say about the republican party's relationship with wall street. take a listen. >> we're done, ladies and gentlemen, catering to wall street. we'll commit to the working man. we're done importing foreign labor. we're going to fight for american citizens and their good jobs and their good wages. >> i was just emailing earlier this morning with one of the architects of the conservative economic populist movement, and this person -- i said to this person, you know, people on

eamon javers following it closely. >> we're about 45 minutes away.e expect a blockbuster day at the supreme court here. today is the last day of the session. we do expect decisions on all the cases that are remaining now. the court will finally rule on former president donald trump's claim of immunity from prosecution for at least some of his actions in seeking to overturn the 2020 election. even before a decision is rendered, though, the court's handling of this case has been controversial, because it failed to rule on an exatpedited basis. the trial, remember, was supposed to begin on march 4th, and also remember, trump has been charged here with four counts for his efforts to overturn the 2020 election, and the january 6th, 2021, attack on the u.s. capitol. he's charged with conspiring to defraud the united states, corru corruptly obstructing an official proceeding and conspiring against the right of americans to vote. he pled not guilty to all of that. trump's immunity claim was rejected by the lower courts, which is why he and his legal team hav

we have eamon javers joining us with more. >> reporter: good morning, andrew.e heard from president biden in the rare primetime address from the oval office. the third time that president biden has given the oval office address. the president called for calm and peace and called for an end to political violence. here's what the president said last night. >> disagreement is inevitable in american democracy. it's part of human nature. politics must never been a battlefield and god forbid, a killing field. to pursue justice and guided by the decklaration of independenc. >> reporter: reporters were updated on the assassination attempt of former president trump. the fbi saying the investigation indicates no indication thated anybody else. they indicate the shooter acted alone. no motive has been identified on the part of the shooter here in terms of any ideology associated with the shooter. they have been scrubbing his social media and accessing his family and friends. they say they obtained his phone, but as of yesterday, they had not been able to get access to tha

eamon javers is in milwaukee with the latest. ng, eamon. >> it was unity night last night at the rnc as a parade of former trump opponents took to the convention floor to praise him and offer their endorsement for him, including ron desantis and the candidate who stayed in the race longest against donald trump, presented the biggest threat to him, argued that he was not a great candidate for the presidency, that is nikki haley. last night, she said this. >> i'll start by making one thing perfectly clear. donald trump has my strong endorsement, period. >> now, that came on the heels of a bloomberg business week report yesterday. they sat down and interviewed donald trump, among the things that he said was that in his second term, he's considering jamie dimon of jpmorgan for treasury secretary. jpmorgan had no comment on that when i asked them about it yesterday. so, no indication whether that is a real thing or sort of an idea that's just being floated out there. also, the former president saying he would keep jay powell as fed cha

eamon javers joins us with more. he made a lot of comments and news. >> reporter: he did, andrew. the ohio senator just 39years old and heir apparent to the maga movement in 2024 if donald trump loses in the fall or in 2018 after the second term, jd vance will be in position to inherit the powerful political movement in america. he used the opportunity last night to tell the story of his own personal history and make a generational contract between himself and joe biden on the democratic side. he also used the opportunity to indicate a shift to populist economics on the conservative side and make a break, rhetorically, with big business. here's what he said. >> we need a leader who is not in the pocket of big business, but answers to the working man, union and non-union alike. a leader who won't sellout to multinational corporations, but will stand up for american companies and american industry. >> reporter: now that idea of reaching out to union workers and worker first economic policy is really part of this populist economic evolution on the republican side shifting away from t

eamon javers, thank you for helping us through all of this this morning.'m sure we will talk to you a lot more in the coming hours and days. >>> when we come back, we will get you ready for the trading day head with the earnings and the several key earnings points on the agenda. we have the squawk planner coming up next. >>> as we head to break, let's look at the chinese yuan. the central bank cutting a tee policy rate overnight. it reduced the seven-day repo rate from 1.3% to 1.7%. it comes just days after china's second quarter gdp came in lower than expected sparking concerns of the uneven recovery there. "squawk box" will be right back. (♪♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com hello. i'm ethereum. and i'm big f

eamon javers is joining us. i'm watched the site, it's wild.s ahead of jd vance. vance at 33, youngkin, 25. i don't know what -- you know who else is on there, this is weird, rfk jr. is actually on the republican -- >> stranger things have happened, right? stranger things have happened. look, let's get to that because there are stuff swirling around for the vice presidential pick for donald trump. we're expecting we'll hear that later in the afternoon. i want to start with just talking a little about the policies that are in the air here. particularly on the tariff proposal that former president donald trump has for across the board 10% increase in tariffs. that's important for the business community. they're trying to figure out how that would be applied, who would pay the costs for all that. i talked to jason smith, chairman of the house ways and means committee a short time ago. i asked him if he supports donald trump's across the board tariff proposal. here's what he said. take a listen. >> there's not many things i like across the board. i

well, let's begin with eamon javers bring us the latest from d.v. >> just about an hour and a half nowwas a previously scheduled event at the white house on the south lawn with ncaa champions of the past year or so. this is typically a knock burger event, sort of typical thing that you see in the daily life of the white house today. today it will be an everything burger for vice president kamala harris because it's our first chance to see her on camera since joe biden withdrew from the presidential campaign yesterday and since the biden/harris campaign became the harris campaign alone last night officially in fec filing. we'll watch what she has to stay. they can top off the remarks with the news of the day. very difficult for calla harris to come out and simply talk about the ncaa champions and not address this giant elephant in the political room so we'll watch that very, very highly scrutinized moment coming up here, and then, of course, later in the week, we do expect to hear from the president, joe biden, who, of course, intends to remain as president of the united states until ja

after testing positive for covid, and after he's facing mounting calls to drop out of the race eamon javersy latest eamon? >> reporter: melissa, there's a rising sense of anticipation, particularly now that they've opened the security gates, and the delegates are starting to flow in for this evening there's a real question about what donald trump is going to say tonight. this is his first big major address after that horrific assassination attempt over the weekend. and for our audience, the question will be, will his tone match the populist rhetoric we heard from j.d. vance last night, very critical of wall street, very critical of big business so, we'll be watching for all of that i had a chance to talk briefly this morning with lara trump, the co-chair of the republican national committee he said to expect a different donald trump tonight she said he's going to be much softer tonight in his approach to this address, and that reflects both the assassination attempt, and now his position as far and away the leader in this campaign, given the implosion that they're seeing on the other side o

eamon javers with the latest. >> what is clear is this is donald trump's party and it is a populist partynd the economy included in this platform which the republican party released just within the hour. they say for decades our politicians sold our jobs and livelihoods to the highest bidders overseas with unfair trade deals and a blind faith in the siren song of globalism. a burn of bullet points here and not a lot of spikes in the cut that we've seen today and some of the bullet points give you a sense of where the trump campaign would be headeded in a re-elected white house. one, carry out the largest deportation operation in american history and end inflation and make america affordable again. make america the dominant energy producer in the world by far and stop outsourcing and have the united states become the manufacturing super power. no tax on tips and that's something that the former president surfaced himself a week ago. keep the u.s. dollar the world's reserve currency and medicare with no cuts including no changes to the retirement age. cancel the electric vehicle mandate and

eamon javers. let's get over to megan with the post-debate fund-raising numbers.an cassella, what can you tell us? >> the biden campaign prompted calls from some democrats for biden to step aside. >> it raised $33 million with 26 million coming from the grassroots and they were the two best days ever and spend the weekend trying to reassure his wealthy donors that he was doing all right. i spoke with one attendee who described the mood as concerned enthusiasm while the debate was a cold shower shock for democrats about the state of the race with some people now more engaged because they're more worried about losing than they were before thursday. the best news for biden right now is that some of his biggest donors are sticking with him and with the party. linkedin co-founder reid hoffmann and demity rimelhorn is reminding donors that they have a choice between an old and wise candidate with a strong team or one that is corrupt and self-interested. >> if they haven't already decided they're reluctant and are a little bit of double doubting and not sure if they want

the last time we got that e oh i -- i'm sorry let's get to breaking news with eamon javers. >> that's right. former president drum just announcing via truth social social media app he selected j.d. vance, the senator from ohio as his vice presidential running mate. the former president saying after lengthy deliberation and thought and considering the tremendous talents of many others, i have decided that the person best suited to assume the position of vice president of the united states is senator j.d. of the great state of ohio. he honorably served our country in the marine corps, graduated from ohio state university in two years and is a yale law school graduate where he was editor of the yale law journal. this is an important decision. vice presidents don't tend to sway elections one way or the other, but it's an important indication of what the president of the united states and the candidates for president of the united states want. in this case by selecting j.d. vance, former president trump is not selecting somebody who will do coalition building, bringing in a group of voters

we appreciate it, eamon javers. >> so what does the political road look like for former president trump and president biden now? let's bring in larry sabato with the university of virginia center for politics. we checked in with you a couple of times during the previous selection events about president biden's ability to hold the office or at least debate his opponent. now after the assassination attempt, are you with those who say this just the end of it and is this a shoo-in for a landslide or do we need to pause more deeply with this? >> so many things can happen between now and november. we all know that, and so much happens in a day anymore, so i think that's very foolish if people are actually saying that. i would say trump was essentially tied before the debate and the debate was such a disaster for biden that it pushed trump up a couple of points and then we came to the disaster on saturday. i don't have any fresh polling data that shows that donald trump benefitted from it, but i think he probably would. it played out in his fife are though i'm sure he would have preferred not

eamon javers from milwaukee. >>> let's get back to the global computer outage. if you are just waking up this morning, there's been a massive out outage related to microsoft and crowdstrike, this is a global security firm. this is a problem that rolled out from an upgrade that crowdstrike actually put out. we are still continuing to watch this. it has been impacting things across the globe. major banks and airlines and media and retailers and communications outlets. all of these people trying to get things up and running. we will go to arjun kharpal with the update on what has been happening. hi, arjun. >> good morning, becky. it started late thursday night with microsoft reporting issues with the azure cloud service and applications as well. in the early hours of friday morning, it said most of those had been resolved. there was a separate issue relating to crowdstrike which released an update globally which appears to have had issues. as it rolled out, it caused a number of i.t. issues across the globe. the company now rolling back that update to try to fix th

let's go more from eamon javers at the rnc in milwaukee. >> reporter: you guys have been having the rightt this ticket this morning. trump's selection of j.d. vance is really a giant green light for economic populism in the republican party, signals where trump wants to go, where the party is going in the future. i've seen, frankly, very lazy analysis on wall street over the past 24 hours looking like this is a second coming of the george h.w. bush administration. this is not that at all. this on economics is not your father's republican party. so take a look at what j.d. vance means, what donald trump means when it comes to big corporations. for example, big finance and wall street capital. j.d. vance is a skeptic of a lot of institutions. here is j.d. vance talking to big bank ceos in deese. he's discussing the idea that big corporations are injecting sort of woke values into their workforces and into their customer bases that conservatives don't like. this is not a conservative movement that sees itself as i'm patco with big ceos. it sy sees itself culturally in many ways with big ceos

eamon javers is joining us with the details. good morning, eamon. >> good morning, joe.ublican party released the campaign platform yesterday afternoon and reflects new thinking on high tech areas. cryptocurrency and artificial intelligence. on crypto, the platform saying republicans will end democrats unlawful crypto crackdown and impose the creation of the central bank digital currency. it will defend the right to mine bitcoin and self custody of the assets and transact free from surveillance and control. that is a concern over the biden administration's exploration of the digital currency although biden has not endorsed rolling the technology out. the fear on the right is government participation in the cryptocurrency could threaten the haven from the government controlled money. on a.i., the republican platform says we will repeal the president biden order that hinders the a.i. innovation and imposes the left ideas of the tech technology. the republicans will protect free speech in a.i. some have argued that the biden executive order doesn't do enough to stop the mon

we have eamon javers joining us from milwaukee.ood morning to you. >> reporter: good morning, andrew. a triumphant return to the stage days after the assassination attempt. the first time we have seen donald trump in public since the assassination attempt. you see i was pumping his fist in the air and met with raucous support from the audience. he was walking in to the music "proud to be an american." it was an uplifting moment for people who were concerned about the former president's health and safety. we also saw j.d. vance, the former president's pick, to be vice presidential running mate alongside donald trump. the first time we have seen the two of them since the selection of j.d. vance. the ohio senator just 39 years old. now inherits the mantle of trumpism. whatever happens in the campaign, donald trump can only serve as president for four more years. j.d. vance, at 39, has decades to shape the trumpist movement and the republican party. is a significant generational movement there as j.d. vance is the first millennial to s

eamon javers joins us with the latest edition of this. jibber-jabbers. >> there you go, joe.rivals in republican primaries, came together, one after the other on the stage here to endorse him full-throatedly in many cases. vivek ramaswamy, desantis endorsing him culminating from this moment from nikki haley, chief rival perhaps on the primary stage. >> i'll start by making one thing perfectly clear. donald trump has my strong endorsement, period. [ cheers ] >> all that came on the heels of bloomberg releasing an interview with the former president saying he would consider for treasury secretary jamie dimon of jpmorgan. not clear how clear that is or a thought double from the former president. talked to jpmorgan yesterday. they gave me a no comment on the idea of jamie dimon as treasury secretary for former president donald trump if re-elected. also this idea in the bloomberg reporting of jay powell potentially staying on as fed chair. that is something figures close to the trump campaign told me they expect jay powell to be fired by donald trump, but trump suggesting here in