every week i go out for groceries and another dollar. i work a minimum wage job and, i mean, just buying food takes over a third of my income. i don t think the administration gets what the average person has to deal with. we live paycheck to paycheck. dana: inflation is on the minds of americans not to mention rampant crime and energy crisis. they are on the back burner for president biding heading to california today to talk up his infrastructure agenda. gillian turn for the white house. the president is in the golden state to raise money from democratic political doaners and tout his infrastructure bill. californians want to talk about crime and gas prices going into the mid-terms according to polling. president biden touched down last night in santa monica and greeted by the city s democratic mayor. white house is accusing congressional republicans putting medicare and social security on the chopping block cuts they insist would push most families over a cliff.
feel any significant relief at the grocery store or gas pump. fuel costs just hit another new high, $4.40 a gallon on average for the first time ever. cnn white house correspondent jeremy diamond is traveling with the president. jeremy, the president gave a speech about inflation yesterday. today it s supposed to be more about food supply. what can we expect? reporter: yeah, victor, but inflation will still be very much top of mind for the president as he addresses this dueling issue of rising food prices, as well as this global food shortage. part of it sparked by the war in ukraine. ukraine/russia, key suppliers of wheat around the world. we ll hear the president address both of those. and the fact that he s talking about inflation for the second day in a row, a reflection of the extent to which he s facing serious political pressure on this issue, a top issue for voters heading into the midterms. today we ll hear the president announce several new steps to help farmers
Evolve, and heres how policy evolved should occur, but you have to maintain this ready position. Teslas stock hitting a reverse, losing around 30 billion in market value. This is after deliveries declined for the first time in nearly four years. Disney reports it secures enough votes to defeat nelson peltz. Its set to meet with the gm later today. And the swiss re ceo will hands over the reigns later aspergeas b b b berger is sets to take over in july. Lets start with the big board and show you whats going on with the european markets. Lets bring up the board. Weve got the ftse 100 down at a downside of half a percent and the ibex in spain. The citi sitting there as well as switzerland. The u. S. Futures saw quite the soggy day with the dow posting their worst day since the 5th of ma march. Also backtoback losses. You can probably point to whats happening with yields as the culprit here with the 10year hitting the highest since november. Weve got more data coming out overnight in the f
Dont miss my interview with congressional budget office, how the us can afford this. And they are expected to hit the skies. The expert will help through the weekend. You are watching cavuto close to coast. New yorkers showing up and shouting out for donald trump at his bronx rally, expected to get 3500 people, the campaigns is the final tally is 25,000. Madison alworth was there for the rally. What kind of energy was in the crowd . Reporter keeper were very excited. Thousands of folks showed up more than the campaign announcement, the former president saying on stage. It is a rally. 25,000, on the ground, more in the thousands. We can say its within the thousands. The sentiment was returned especially with bronx residents. I came through support, a place like the south bronx, its huge. Biden is not doing this. Reporter the Democrat Party has taken the vote for granted for too long. We see minority voters are shying away from the democratic party. And that is exactly what i heard on th