Charges. Lucas tomlinson kicks it off for us. Reporter devon archer, Hunter Bidens former Business Partner, friend and fellow board member on burisma, testified to congress that that company would have gone out of business if it was not for the help of thenVice President joe biden. Now, in the last hour you had congressmen from both sides of the aisle who see this matter very differently. Theres no question that that joe biden is helping his sons business, including getting a prosecutor fired to help his sons business. Theres been no evidence whatsoever that joe biden is in any way implicated in the mistakes that hinter biden had made. Hunter biden had made griff wait a minute, hold on one second. Reporter now, one of the revelations to come out of this devon Archer Testimony is that he met with the head of Burisma In Moscow on the same day putin invaded crimea in 2014, a month later president obama made joe biden in the west wing and the year after that allegedly dined at a popular re
al sand alexandria hoff with the latestest on all of this. reporter: so the president tried to the use the 2003 heroes act as a route to usher in this loan forgiveness plan. of course, the supreme court shot that down yesterday. now biden administration is looking at something called the higher education act as a means to the become a plan b. we re not going to waste any time on this. we re getting moving on it it s going to take longer, but we re getting at it right away. reporter: president sd the higher education act will allow the secretary the of education to waive or release are loans under certain circumstances. very few details on how or why this route could work, and it s likely to face the the same legal challenges. as part of a joint statement released yesterday, republican senator bill cassidy wrote, quote: president biden s sunt loan scheme is still illegal and does not forgive department, but with instead ares it to to those who willingly took on the d
white house. hello, lucas. lucas: according to same fox news poll, only 33% of voters say they would vote to reelect president joe biden should the election be held today and on fox news sunday the house republican whip gave the following explanation why that is. they are furious with biden and pelosi s far-left socialist agenda that s led to increase spending and increase inflation, just the cost of everything that you buy when you go to the grocery store. the new fox news poll says the majority of voters, 51% say their financial situation is worse now than it was two years ago since president biden took office. only 15% said it was better. 33% said it was the same, back in may 44% said they were worst off, republicans will be sure to pounce off this number and ronald reagan asked during debate with jimmy carter, are you better off than you were 4 years, when it comes to issues of the economy and inflation, president biden not scoring passing grades in that category. o
Bazos. Chairs of intrexon down. The company ceo will join us live to respond on the back of their earnings, too. Thats coming up. Lets get to whats behind this selloff. Mike santolli joins us. There was nothing too specific in terms of news but all day the markets traded a bit heavy. I think you want to point to the flattening of the treasury yield curve. Rick santelli has been talking about all day. Twoyear yield is up. Longer terms are down. Thats a slow growth signal. Also a signal the market is sniffing out the strong retail sales data along with the good jolt of Employment Data this week maybe puts the fed back in play. Fed speakers have been trying to focus the market on two more fed rate hikes later this year. Meantime, the market doesnt feel as though the growth picture is all that strong. Maybe thats what we can infer. Thats hurting financials. You mentioned, bill, the staples were one of the losing groups today. Thats an overbought sector. People have been piling in. I would
Ability to keep their kids on their Insurance Plan till theyre 26 1,000 500 discounts on Prescription Drugs for seniors on medicare. So, 85 of the population whether they know it or not over the last three years have benefitted from a whole set of the provisions of the law. By the way if it were to be repealed, you would be taking away all those benefits from folks who already are enjoying them. You had this subportion of the population, 15 , who either dont have Health Insurance or buying it on the individual market. And thats still millions of people. And what were doing is creating a marketplace where they can buy insurance and we can provide them some tax credits to help them afford it. The basic structure of that law is working. Despite all the problems. Despite the website problems, despite the messaging problems, despite all that, its working. And, again, you dont have to take my word for it. Weve got a couple Million People who are going to have Health Insurance just in the fir