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john: dow down 807 points at this moment. unfortunately, few people surprised by the new inflation data, confirming the pain at the pump and sticker shock. hello, john roberts in washington and happy friday to you. and happy friday to you as well, john. good to see you. anita vogel in for sandra smith. prices soared 8.6% from a year ago, highest in four decades as rent, energy and grocery prices continue to surge. another record high for gasoline prices as the national average edges ever so closer to $5 a gallon. anita: fox team coverage starts right now. karl rove on president biden s response to the economic crisis and a closer look at how much americans are paying at stores. john: but first, jacqui heinrich is travelling with the president live in los angeles. what is the white house saying they are going to do about inflation, jacqui? we have not heard from the president yet, he s going to speak later about supply chains but the chair of economic advisers says

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