hello, i m jake tapper in washington where the state of our union is watching internat international crisis build. one thing that was clear in new york city this past week. the west were world is fighting battles on two fronts. one, against russia that ramped up nuclear threats as ukraine pushes ahead with the forceful recapturing of its own land and second, against global economic peril with inflation soaring and recession looming. people struggling to keep up with rising energy prices and other costs. one leader facing a particularly stiff challenge is the brand-new prime minister of the united kingdom liz truss that officially took on the role days before the nation s monarch died with the nation in economic crisis as garwar rages in ukrai. after mourning the loss of the queen on friday truss first move as a leader markets went into a tail spin and crashing the pound to the lowest level against the dollar since 1985. truss is facing perhaps the biggest set of challenges f
quicksilver record job market. businesses are investing in america at record rates. this is partly strongest rebound in american manufacturing and over three decades. that is not selling a recession to meet. let s bring in heaven he s a former chairman of the council of economic advisors and distinguish a visiting fellow at the hoover institution. great to see you my friend. you got inflation right you got the gdp numbers right, you said this is going to be a negative quarter, the second in a row. how bad is this, at least a stagflation not recession, how long is it going to last? it is a very bad. it s going to get a lot worse in the second half of the year, sadly. i think one of the reasons is going to get a lot worse as the biden administration is in denial and they re not pursuing policies that are necessary right now to help the fed out. what are the things they keep saying is we are not really in recession because the labor market is strong. but they re not really l
adams said no and a few other words. with that, america s dangerous influx is heading northeast. mayor eric adams says his city resources can t take it. invite those who are trying to find housing in his state to give them housing instead of sending them here, federal government has responsibility, fema, needs to give us support that we need. harris: calling for federal government to help? that is not fresh or new, it is for them. governor abbott says what liberal city mayors are facing is nothing compared to what texas and other border states have been dealing with for months. nate foy reporting. nate. that bus load of 50 migrantss arrived 7 a.m. issue the green bus circled manhattan before stopping at the port authority authority behind me and a group of 50 migrants offloaded from the bus, mixture of single adult men, few women, majority from venezuela. they were met by 10 volunteers, given clothes, sandwiches and water, some children handed stuffed animals. one child
morning after officials there is a nearly 50 chinese planes entered taiwan s air defense zone and an aggressive move. today s publication followed a show of force differently from the communist regime when at least 11 chinese missiles landed waters to the north, south and east of taiwan. secretary of state anthony blinken calling the exercises a significant escalation and a furious china has suspended the lead with the united states on issues ranging from climate change that military relations. all this after nancy pelosi s trip to taiwan which china calls an egregious provocation. president biden s response to growing crisis is raising questions. reporter: when russia was getting aggressive, the president without telling putin don t do it and now john is getting aggressive around taiwan and we are not hearing anything like that from the president. i beg to differ. we have been talking about our concerns about what china was preparing to do. i stood at another podium out
february of 2021, signs pointing to a recession soon if they are not already there. and with that cheery news, we kick off the day. john roberts in washington. harris said have a great weekend, i m with it. let s pull up stakes and go home. sandra: go with it. great to be with you, john. sandra smith in new york. this is america reports . latest response from the white house seems to be about semantics with the president and his team trying to change the definition of a recession. the administration is also claiming the economy is in strong shape due to a hot labor market and falling gas prices. john: millions of americans struggling to afford groceries and to fill up their tanks as inflation runs rampant. sandra: mike emmanuel is live on the north lawn, white house says don t look here, not recession, but the white house seems to counter what millions of americans are actually feeling. sandra, you are right. white house officials are already downplaying this week s