course, happy father s day to all the fathers out there and happy juneteenth. hi, arthel. arthel: happy father s day to you, eric, happy juneteenth to everyone. i m arthel neville. two other big stories we are watching this hour. president biden under mounting pressure to act as american families struggle with high prices on everything from gas to groceries, top white house economic adviser on fox news sunday trying to put the best face on it. look, we get it, when you drive up to the pump and you see prices, it creates uncertainty and real economic hardship but at the same time it is important as americans that we recognize the unique strengths in the economy. the president has made clear fighting inflation and bringing down prices is top priority. arthel: agents at the border border tell us they are understaffed as migrants keep flooding around the clock. live team coverage right now bill melugin in devaldo, texas but first jonathan in jackson international airport in atl
 Gas prices are high. Food costs are rising. Everything is going up and it's all due to inflation. While the war in Ukraine was the catalyst for prices to go soaring, the domino effect only seems to get worse. Experts have concluded that the increases in prices will only continue to go up.
people that cut your lawn, maybe you can do that as well. every dollar counts when there s a downturn particular if you have risk of employment. you want to make sure you build up savings to make sure you offset any of the things that could impact you in a recession. arthel: of course, understanding that all portfolios are different. if you re planning to retire say in the next 12 months, what s the best way to keep your 401k or other interest bearing investments from shrinking? well, the first thing you don t want to do which you said earlier about the recession, you don t want to panic. market has fallen 20% in the past year so that s a lot but markets tend to rise and fall. don t panic sale and stay the course because stock markets usually tend to rise faster than other investments that you want to make. having said so, talk to wealth manager and adviser and you might want to shift asset that is you have, for example, in recessionary time utilities are a good stock oh to own or re
been enjoying quite the nice ride? we talked about the dow getting to 20,000. it s not there right now. generally when you increase interest rates, it slows the market down because what it means is interest bearing investments become a little bit more attractive. i would say this has been the most telegraphed worst kept secret going so you re not going to see much of market reaction. anyone who sells stocks because they thought the interest rates are going up and surprised by it shouldn t be investing in the market. as the stock market loses some appeal. that does not mean the stock market goes down. it just means investors think about other places to get their money. traditional savings accounts. that s a bit a win. you get a fraction of a percent. a cd in some cases might get you up to a percent. that will all go up today. if you re a saver, you might even get a full percentage point. i m going to swipe to this last headline from cnbc. there it is. fed expected to raise inter
a new champion on the voice. country singer sundance head beat out former child star billy gilman for the title. well, the stock market on a tear. it could hit 20,000. it is close to 20,000. joining me now msnbc s ali velshi to tell me what it is. it goes up. kw when you look at the times that seem bad, it looks at blips. traditionally when interest rates go up, which we are expecting to happen this afternoon, the market tends to soften a little bit because there s another game in town, right? interest bearing investments are now worth something. but this has been telegraphed for so long that this interest rate s coming that i think we re going to see very little effect at the open of the stock market