republican congresswoman kathy mcmorris rodgers on gas prices hitting $5 a gallon for the first time in the history, and bill barr on something he told january 6th committee and with our very own lucas tomlinson at white house on a president fending off attacks, it s that 70 # inflation show all over again, and he is the not too happy star. welcome, everybody, i m neil cavuto. happy weekend to you. let s go first to my buddy lucas on how the administration is handling all this bad news on prices. reporter: well, neil, the labor department issuing a brutal report yesterday saying that inflation is getting worse, not better. the average cost of goods up 8.6% over a year ago. now, president biden speaking in los angeles in addition to blaming putin, he s blaming exxon for the skyrocketing prices. they have 9,000 permits to drill. they re not drilling. why aren t they drilling? because they make more money not producing more oil. the price goes up, number one. and number two
uphill battle against ever-rising inflation. we re seeing the playbook is to try to turn around the perception of his performance. here s the problem. as record gas prices, the yellow line here goes up and up, his approval is a mirror image on the way down. here he is just moments ago with an upbeat message as he tries to convince the american people. the job market is the strongest it s been since world war ii. millions of americans are moving up to better jobs and better pay. since i took office, families carry less debt on average in america, they have more savings than they ve had. martha: still 2/3s in this poll say that they expect that inflation will get worse. steve forbes and joe concha are standing by. first, we bring to bring in anita, a st. louis mom. she works for a nonprofit. recently she had a tough day. it was in her car. it was getting on low in the gas department and she ran out. her two kids were in the back. the three of them had to get out and walk to
was the number 1 song. on golden pond was the number 1 movie and fantasy island was one of the best tv shows. back then, inflation was out of control. fears that it s out of control all over again. nothing like the 20% mortgage rates we saw back then but not like the key players we had fighting that either. think about it. pole volcker aggressively hiking interest rates to stomping out inflation and ronald reagan cutting taxes to bring the economy back after that inflation. that was then. what the heck are we in for now? today, fox on top of americans just hunkering down. we have you covered with lydia hu in new york on how grocery shoppers with dealing with this. jeff flock in pennsylvania on how drivers are putting up with this. kelly o grady in los angeles on how the president is responding to all of this. welcome, everybody. i m neil cavuto, this is your world. let s kick things off. with kelly o grady on what the president is saying about this. kelly? good to see
rating. i can tell you, royalty or not, you would pain for such numbers. the queen won t be attending a service of thanksgiving amid some discomfort we re told during this platinum jubilee. it will not get in the way of what they re saying will be a number of events prescheduled and will go into the evening, including this beacon, series of beacons being lit throughout the day and the evening. it s about 9:00, 10:00 p.m. there, i should say. we ll be monitoring this. martha maccallum will be joining us to give us a sense of the flavor of this and what is in store the next few days. in the meantime, developments close to home look a little bit diceyer and murkier. the back and forth of the administration and how to address inflation that is running amuck. gas prices hit another record high. talk that there could be a shakeup within the administration. they re officially denying it, but we re watching it nevertheless amid over who is responsible for the inflation run up that wa
attempts to take taiwan by force. doug luzader has details. hi, doug. doug: this emerging trade pact is called the framework for prosperity, but other headlines are emerging and the white house had to clarify a surprising comment the president made about taiwan. you didn t want to get involved in the ukraine conflict militarily for obvious reasons, are you willing to get involved militarily for taiwan, if it comes to that? yes, that is the commitment we made. doug: that sounds like a major change in policy for the u.s. the white house very quickly issued this statement denying there was any policy change. the president said our policy has not changed and reiterated our one china policy and commitment to peace and stability across the taiwan strait to provide taiwan with military means to defend itself. the president made news speaking about the u.s. economy, no longer talk about transitory challenge. president biden: our gdp will grow faster than china s for the fir