it is wednesday, october 12th. i m christine romans. president biden says he believes russian president vladimir putin is rational. mr. biden said putin s objectives invading ukraine were irrational and a serious misjudgment. do you think putin is a rational actor? i think he is a rational actor who s miscalculated significantly. so if he s not rational no, i didn t say he s not rational. you said the speech. i think his speech, his objectives. i think he thought they would welcome him with open arms. this is home for mother russia and i think he totally miscalculated. cnn s jasmine wright is live in washington. what else did the president have to say about putin and ukraine? reporter: obviously the president warned of catastrophic mistakes and miscalculations. president putin continues to make these nuclear threats. as the u.s. grows more concerned while looking at the escalations happening in ukraine caused by russia. he warns of armageddon. take a look at
discriminatory to lgbtq americans. exactly what this is. new video shows 500 migrants illegally crossing into texas. a dangerous migrant land route on the face of the earth. british media reporting prime minister boris johnson has agreed to resign. the move would end stalemate over the latest scandal to rock the prime minister s office. pressure pushing down on me pushing down on you under pressure steve: perfect song to start this hour live from london where it is five hours ahead, 11:00 in the morning. you are listening to queen and david bowie sing about under pressure which is what is happening to boris johnson. today the headline is bojo going to go. welcome to the mezzanine level. fox & friends hour on this seventh day of the seventh month. rachel: good morning pete, good morning, brian. happy to be in for ainsley this morning. brian: looking for prime minister in england. steve: you applied. brian: i m thinking about it looking at the engl
hello and welcome to audiences in the uk and around the world. we start on wall street where stock markets have suffered their worst first half of the year in more than five decades. as of the close on thursday, the s&p 500 index of top us firms has lost more than 20% between january and june, a sell off on a scale not seen since 1970 when president nixon was in the white house. for the tech dominated nasdaq, it s been even worse a near 30% fall for the first half is the worst in its history. from new york, samira hussain has more. the sell off of the stock market over the last six months has been brought. it is not just one sector bearing the brunt of losses, but a range of companies from disney to apple tokamak target. the latest economic data indicates actually the road ahead may be getting even bumpier. the federal reserve s regional bank in atlanta has been closely watched for the gross domestic product and gdp, which today signalled that the us economy will have shrun
well, people know what is happening with the economy and with their personal economy, harris. when i talk to people in tennessee they talk about the impact of food prices being up 20%. clothing up 12%. home heating oil and cooling up 36.8% and the tank of gas is up 51%. now, that is the impact of bidenomics. this white house wants to say we aren t in a recession, times are better. people know that inflation continues and especially in the market basket of goods that they re purchasing. harris: that s really what counts. find somebody who doesn t eat and in the heat wave that has hit 120 million people across the country doesn t need cooling. and the gas situation is interesting. those prices go up in summertime, transportation people are visiting relatives, so on and so forth. it has been up for a while now.
israeli prime minister who faces an election in just three weeks. his chief opponent, former prime minister benjamin netanyahu has tried to use the gas situation as a political win. officials now believe the gas rigs and this new border will make for a much quieter neighbor. joe biden congratulated them. said history will be made. christine? haddas gold, thank you for that. cnn business this wednesday morning. looking at markets around the world. asian markets closed mixed due to covid-19 lockdowns across