1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearly trip that will today. some perspective on time and prices. lower and slower back then. faster and out of control right now. we are all over it with lydia hu at a new york city supermarket on how folks are holding up. hillary vaughn on capitol hill where democrats and republicans are digging in. edward lawrence in jerusalem on if those inflation numbers are weighing the president down. why house economic adviser jared bernstein on what costs he sees no longer going up. welcome. i m neil cavuto.
They contribute the most to the games. We will see how it does today. They fell almost one half of 1 yesterday. We will be keeping a watch on all of this todays. I hope you have great weekend plans and lets say good morning to maria. Maria. Happy friday to you. Were coming to you live this morning from our Nations Capital. Its friday february fourth. 6 00 a. M. On the east coast. A busy day for the commander in chief this today. Set to sign a new executive order later today. This morning plus trump will be the first president since Ronald Reagan to address the event during the first year in ofce. They are supporting Law Enforcement and ending illegal immigration once and for all. He is upholding the constitution first during the constitution of life. And President Donald Trump is leading the fight to repeal and replace obama care. And americas nightmare is about to end. FoxBusiness Network is taking it live. The speech was coming on the optimism. Loving comments. It helps to hopes to g
Neither had a majority of delegates. Cbs news was there to cover a contested convention. Part of that coverage was a debate among delegates over a rule that would require president ford to name his running a made. Portion of that debate is 3. 5 hours. This is a cbs news special report. The Third Session of the Republican National convention. This portion is sponsored by merrill lynch. Now here is walter cronkite. Good evening. This may be the most exciting Political Convention session any errors a in years. The Republican Party is here to nominate a president ial candidate and an incumbent president for the First Time Since 1912 faces a serious challenge from within his own party. That comes tomorrow night according to the schedule with a scheduledt could be out on the floor of the arena tonight. Both sides will test their strength, which could make or break. New is the number of the rule proposed by the reagan side that would force president ford to name his Vice President ial running
Obviously are very personal opinions. As a member of our military, i truly believe that there are some things that are more important than me, which is why necessary, if sacrifice myself for the things that we believe in as americans, our constitution, freedom, democracy, our rights, our way of life. And i know that theres a certain amount of risk thats inherent in that, not necessarily as being a service member. But democracy is necessarily open. That is one of the Cultural Values that we have. If if wewonder some of what and it means to be american, some of what it means to be america, in our response to try to assure citizens of security. Theres no such thing as perfect security. Got littlee i said, girls and theres a line in finding nemo. If you never let anything happen to them, then nothings ever going to happen to them. So its kind of a cute way to going to be were america and everything that america stands for, we cant, as citizens, expect our government to provide 100 security
For his best friend. Steve admiral dave thomas, as you reflect on the morning of september 11th, 2001, how did your day begin . Admiral thomas i was in the navys defense review. I had been there for about well this was culminating an 18 month project. So ive been on the job for about 17 and a half months. My day began with a series of meetings and i was representing my boss in a meeting with another admiral in the pentagon. And we were discussing the navys contribution to National Defense and really just putting the finishing touches on our input to the defense review. Steve explained that project. What was the review all about and what was your specific role . Admiral thomas every four years, all the services and the joint staff and the department of defense have a report to congress. It is quadrennial hely. A review of our defense posture in the force structure that supports it. This was to be a policybased review. I had been in the strategy and policy directorate on the navy staff.