a top ice official testifying that the white house has removed but a fraction of the migrants compared with past administrations. we re all over it with a lexis mcadams. republicans say they have a plan to keep the borders secure. and texas democrat congressman gonzalez on safe zones that he says will stop the problem. welcome. i m neil cavuto. another busy news day. let s go to alexis in el paso, texas where we re finding out that border surge is very, very real. that s right. it s been another busy day here at the southern border. behind me you can see the rio grande river. as they keep talking about in most of these sanctuary cities in the united states, that there s bus loads of migrants. it s really here in eagle pass where they re seeing the most people come in. they re coming in on foot and also being smuggled in by the cartel. why? they re making big money off of getting these people from all over including mexico, venezuela. you name it over here to the river as th
from first of all the savings rate is normally 7%. it went up to 35% or high 30s in the middle of covid. now it s settled down to 5%. so, you know, about the historical average. the amount of cash that is sitting in savings accounts is considerable. neil: let me ask you, it s a gut read on your perspective here. i value it. all of this hiking we re seeing and the fact that it s hit stocks hard. for all the hikes that we re seeing, we could be quadruple the rates at the end of the year. no impact on prices yesterday. maybe that comes. how long does it take? it s going to take awhile. the fed has said clearly, what they have said and what they demonstrated, they re not going to be influenced by knowing that gas prices will come down and not influenced by knowing that
it was spelled paciic. it was a genuine and costly mistake. they joked about it saying oops. this special won t last long. she is going back to the shop. everybody needs a good copy editor. it was the daily news which had a great headline. they don t give a flying f. let s get a check of cnn money. the u.s. is embroiled in trade war with china, but wall street with record highs. dow and s&p less than 1% from records. banks were big winners. jumping 2% as the ten-year treasury yield hit the highest since may. the trade war with the u.s. and china has hit stocks for months. markets are on the rise. experts say investors still expect a compromise. global stocks and u.s. futures
suffice it to say, the concern that there might be another unknown, another variable. as ted pointed out, maybe nothing at all. just not knowing for sure kind of hit stocks. things stabilized. slow day anyway. let s get the read from where this could go and what wall street would worry about in that event. charlie gasparino following this. it s been this way throughout the entire saga with mueller and trump. anything that goes to trump, cohen maybe having tapes, if he has one, doesn t take a leap of faith that he might have ten. neil: explain that. this is a president that is very good for wall street. he s done well for the economy. the last thing you want is some uncertainty. he s done some bad things for the economy in wall street canadianing the trade stuff. the sanctions and tariffs. neil: potentially. anything that speaks of
traders fearing a global economic slowdown. all three major averages were down more than 1%. the dow begins trading down 1.5% for the year. some of the hardest hit stocks energy stocks, a slump in demand has gas prices dropping. they average $3.19 a gallon, down 21 cents in the past month. experts say they could drop another 20 cents or so over the next couple of weeks. the folks in greenville, michigan, were enjoying the lowest prices at $2.55 a gallon. this was for a while yesterday. a lot of people decided to line up and get their gas and save some money. i overpaid so much. $4.05. wow. yeah, it hurts today. there are some people who don t really worry about saving money, ever. now you can soon move into the world s newest status address. the final concrete will be poured today for 432 park avenue