away from 20% of the highs, definition of a bear market. welcome. i m neil cavuto. this is your world. it was a selling world all this week amid concerns that inflation is rocketing, the fed is hiking rates and the economy could be slowing dramatically. its been so weird this week. because remember the reaction the markets had to news that jerome powell at the federal reserve was going to start aggressively hiking interest rates. a 75 basis point hike earlier this week. the highest since a fellow named bill clinton was in the oval office in 1994. that was then. concerns that he will have to do more of that right now. doesn t jackie deangelis know it. taking a look at the week that is now done. jackie? good afternoon, neil. even with this mixed picture at the close today, it was a sell button dominated wall street week. take a look at the major three averages. it was a sea of red. year to date, the markets have been pummeled. the dow and the s&p 50 oh sorry. the nasdaq a
deserves no blame whatsoever fo the economy while denying his reckless spending led to reckless prices. the idea that the cost inflatio is bizarre, if it s my fault, why is it the other major industrial, why is it the case. that is higher. you ask yourself that. i m not being the wiseguy, that s the end of the quote to peter ducey pressing the white house on that whopper of a claim . he says that inflation is worse everywhere, but here, that s not true. the worst is u.s. worse inflation than japan, italy, saudi arabia,. i think that what we are seeing is that when you talk about inflation, it is a global thing right it is not just abou the united states, this is something that everyone is feeling because of coming outs of a once-in-a-lifetime pandemic , because of that war that russia has started in ukraine. and after blabbing away to the ap, it seems like those close to the president didn t want him to do anymore talking. the white house considering trying to buy vot
liberal organizations, even in charities they will hire young liberals, is either work as a platform for their self-esteem and self actualization not for really helping or doing any wor at all, so they spent out of eight hours a day of their time thinking about themselves and thinking about their feelings. what you re seeing as a traditional, elon musk is sayin i don t have time for this grea if you write an open letter on sinuous. because you know that, you probably did that on work time, and you just open letter, which is also just bogus and weak. you don t air your company s laundry and public which is wha happened to the washington post breath. they are worried about getting laid off and not being able to work from home. he said look, we are spending more money than we re making. it has to be financially successful. he said there s a different between making cars we have to be at work and doing twitter, h said exceptional employees migh be able to work from home. i think if you
guys, thank you very much. maybe if tomorrow morning on th weekend till show, it s phenomenal because it s by stor and i am angry. hello, everybody. along with joey jones, and greg gutfeld, with his head in front of the teleprompter. its 5:00 o clock in new york city, and i bet you know where this is, this is the five. president biden getting test with the media in lying about inflation. the commander-in-chief claims h