[chanting] for the largest migrant caravan ever is headed up towards mexico and the u.s. border. the administration has put the signal out there that it s okay to come and that s why you will see migrant caravan after caravan after caravan. queen elizabeth platinum jubilee wrapping up. a pageant and surprise appearance by the queen on the buckingham palace balcony. [cheers and applause] i found the one stronger than anyone i know she shares my dreams, i hope that some day i will share her home steve: well, it s a perfect day in london as london weather goes. 67 degrees, it is cloudy and rainy. and we are listening to ed shearn who was one of the big singers at the jubilee celebration. welcome to fox & friends. he we re on monday, june 6th, 2022. we it is the longest day. we will talk about d-day in a little while. ainsley is back on the couch after being so perched so close to the queen. ainsley: wonderful experience. i m grateful to fox and our bosses
with all on this. sandra: a big line-up, but an economy in crisis. americans are looking for solutions to those surging gas prices and the highest inflation in decades. but it has democrats staring down a red wave in november as more and more voters are coming to the conclusion biden administration is not up to the task. hello, and welcome as we begin a brand-new week. sandra smith in new york. john: great to see you back after a long weekend. john roberts in washington, and this is america reports . the price of gasoline setting a record high the tenth day in a row, an average of $5 a gallon. the cost to fill up the tank up 103% since president biden took office. sandra: and people are certainly taking notice. those numbers putting democrats hopes in jeopardy in november, 83% of the american people in a new abc news poll say the economy is the top issue for them heading into the fall. now desperation setting in at the white house as word comes, president biden might
We have a feed through from the chinese economy to the rest of the world through chinese investment, particularly Property Investment and infrastructure investment, and the news on that front is not quite so positive yet. We are still seeing relatively sluggish investment in those areas. A lot of the recent improvement has actually come from the consumer sector, which is a good thing for chinas economy, where we are seeing some rebalancing away from investment, but in terms of chinese demand for what the rest of the world produces, it is not quite as positive a development. Having said that, despite the continued weakness in the property sector, there were some green shoots in the data today. I think we could see a bit of relief for the Housing Market over the next few quarters and that definitely will be a positive for the rest of the world as well. Todays gdp news comes as president xi hosts an anniversary belt and road forum in beijing. The meeting celebrates ten years of president
The news comes after the boss of the Bank Of England, andrew bailey, said the economy had turned a corner, but wasnt yet in a strong recovery. For more on this im joined now byjackie bowie, head of europe at chatham financial. Where is this growth coming from . The good news is the Surprise Upside in gdp was actually very broad based. If you look across the different components of gdp we saw a good recovery in the Service Sector activity. Actually good recovery in Consumer Spending as well because obviously thats been a big focus with The Cost Of Living issue and of course then with inflation that we have seen over the last year as well. So i pretty broad based recovery and again it took some economists by surprise this morning. Are you breaking out the champagne now, are the recession time is completely behind us . It certainly looks like we completely behind us . It certainly looks like we have completely behind us . It certainly looks like we have exited completely behind us . It ce