The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
Well see what happens. Kelly and i will speak with some voters that tell us what they would like to see and hear from the candidates on the stage and the message that they have ahead of the debate for former President Donald Trump as well. First, President Biden is about to make some remarks on the u. S. Economy. Theyve been pushing bidenomics very hard over the past couple days. Clearly this is central to the president s reelection push. Yesterdays speech though after it kind of got fact checked by many, it ran into some serious headwinds. Its a Head Scratcher as to why he brings up some of these things that are so easily unwound on the truth meter. There were about seven or eight of them in this speech that got picked apart one by one. Were not going to go through them all. The question is why he keeps raising the same things over that get debunked. Heres one random one. The president said i saw this Bridge Collapse in pittsburgh when i was on the scene last year. Watch this. I watch
charles. that s right. listening to the president speaking just now, you d think that we got all good news in the jobs report today. in fact, i was reading his statement from earlier on the jobs data. the first line, this is bidenomics in action. but charles, you ask the average american how they feel with what they re bringing home, when they have to pay for groceries. seems to be a disconnect versus the rosy picture coming out of pennsylvania avenue. i want to dig into the numbers that we got today. the economy added 209,000 jobs in the month of june. that is the lowest addition that we have seen since december of 2020. it was significantly below expectations as well. if you listen to the labor secretary, she says it s good news. this is very much a part of bidenomics. creating good jobs in every community across the country. we re seeing job growth and wage increases in a tight labor market, workers have more power to choose and to look for better working conditions and
president joe biden set to kickoff his campaign formally this weekend. and talk to republican miami mayor francis suarez who just kicked off his today. welcome, everybody. i m neil cavuto. let s get to it with mark meredith in washington in the fuss over the third party. there s a lot of people trying to read the tea leaves of what will happen the next several months, this weekend, it s about president biden. he relaunched his campaign two months ago. we haven t seen any events until now. tomorrow he will be in philadelphia rallying with union members. today he won the support of two of the major unions. he was in connecticut the next hour for a fund raiser. the president scored the endorsements of the american federation of teachers and the aflcio. these endorse meants are not shocking. they ve been in lock step with the president s agenda these past 2 1/2 years. it certainly will give the biden harris campaign something to celebrate. the aflcio writing we have never seen
normally would have people fearful the federal reserve will be inclined to start hiking rates again in the face of this. again, that was not a worry for the markets. maybe with a strong jobs report, there s a lot less worry about a decision and a lot more hope that we could dodge one altogether. welcome. i m neil cavuto. because you ve got that juxtaposed against republican candidates criss-crossing battle ground states talking about how awful things are. we re following the principals and how the economy is going and the debt ceiling package and relief that we have a package and avoided default fed into this rally today. let s go to rich edson in pella, iowa. how that is going down there. rich? good afternoon, neil. got a couple of republican candidates in iowa today. many more coming tomorrow for senator joni ernst s roast and ride in des moines about an hour drive from pella. governor ron desantis will be at that roast and ride event. he s finishing up a full day of camp