what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt
A breakdown of major headlines impacting business and politics features a rotating panel of industry experts. Only one who wants special counsel bob mueller to wrap it up. Why democrat mark penn says this whole thing has run its course. And top House Democrat Eric Swalwell says he couldnt be more wrong. Two democrats with two very different takes on one very big show. Cavuto live starts right now. David and welcome, everybody, im david asman in for neil cavuto today. A lot to get to, but first, President Donald Trump gearing up for another Campaign Rally tonight ahead of a key test tuesday night in ohio. Why is this one so important . To foxs Rick Leventhal whos following the president from new jersey. Hi, rick. Reporter and, david, one of the things the president has proven is that hes unpredictable and likely to go off prompter. We expect to see that tonight. His vacation began officially yesterday at the Trump National golf club in nearby bedminister,
but its a working vacation, and
have to get back to when it was launched in the first place and if launched after all the hullabaloo, over the china balloon, that is an act of military hudspa in and of itself. it is, as the congressman said, the largest military in the world and largest economy and intimidate through variety of ideological campaigns, they use various leverage, unrestricted war fare is what was said in 1949, when established people s republic of china and they use that doctrine against us five years ago, i made it clear in my book alliance of evil, we re in a new cold war and taken a number of years for people to understand how serious the likes of president xi happens to be,
0 prude obey witches on the border of canada and alaska on the northern side of the continent. that s all we know, we know that it was there for the better part of 24 hours and was shot down at 1:45 east coast time today. we will continue covering breaking news. i will see you back here on fox news at can you speak to rumors that there is another chinese balloon above alaska or any other u.s. territory that the u.s. shot down? so i can confirm that the department of defense was tracking high altitude object over alaska air space in the last 24 hours. out the object was flying at altitude of 40,000 feet and posed a reasonable threat to the safety of civilian flight. out of abundance of caution and recommendation of the pentagon, president biden ordered the military to down the object and they did and it came inside our territorial waters, the waters right now are frozen, but it s territorial air space and waters. assigned to u.s. northern command took down the object in the last
negotiations with the iranians because of that. you know, very delicate times that we re at right now. neil: to put it mildly. you got it right with the author of alliance of evil , it s a growing alliance. thanks, colonel. thanks, neil. neil: closer to home, looking at the border with mexico. the governor in texas speaking out against a president that he says who is doing very little. because of washington s open border policies, that deadly fentanyl is flooding the united states. shake your thang by salt n pepa your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates