at this hour stock sell-off. the u.s. market sharply lower at this hour because of worries about a europe-based bank. what s happening and why republicans hold a hearing with the border patrol chief at the texas border but all 15 democrats on the committee skipped it the latest sign of the immigration divide also in texas new details from inside that courtroom where a trump-appointed judge is hearing arguments over whether to pull an abortion pill off the market nationwide. presidential prescription. president biden in las vegas about to push his administration s new plan to lower the cost of prescription drugs. we ll bring you his remarks as soon as they start our reporters are fanned out all across the country following the latest developments. but we begin in the battleground state of nevada where any minute now president biden will speak about his plan to lower prescription drug prices mike memoli is traveling with the president. i think that state has one of or the
it means for you and your money. john: right now we are waiting to hear from the white house council office spokesperson, ian sams, expected to talk about the probe into president biden s classified document scandal. also waiting for karine jean-pierre to talk to reporters at about 2:30ish, sort of, with everything that s going on today. she might want to bring with her her biggest binder yet, there s a lot to talk about. sandra: the first chance for the white house to respond to the fbi search for classified documents at the president s beach house. john: we are also expecting questions at the briefing about the high stakes meeting at the white house in just about an hour s time. the president face-to-face with house speaker andy mccarthy. did i say andy again, kevin mccarthy, as the biden white house gets the first dose of a divided washington, d.c. yes, i ll call him david osman as well. i m sorry, i m excited, so much happening. john roberts in washington. sandra:
They say that created an unknown factor. Other climates talk about the tax cuts for a sugar rush. They say its not clear if people will spend in the if youture as they did during the Second Quarter. President trump addressed the issue of sustainability. He predicted growth of 3 or better. Emphasis on better. Here is the president. In the Second Quarter of this year the United States economy grew at the amazing rate of 4. 1 . Ill say this right now and ill say it strongly. As the trade deals come in one by one well go higher than these numbers. So, neil, most economist if you look at on average what they expect they expect 2. 5 through the end of 2019. That eye higher than the 2 they have been tracking. These are the same economist. Yes, indeed. All right, thank you very much. Now to the remark the president made to sean. He thinks if you think this is off the charts how about eight or nine percent. He said he could do that by have the Trade Deficit that will have a benefit to the couns
breakfast lovers everywhere, i just want to be the bearer of good news here egg prices have dropped nearly 40% after skyrocketing over the last year. so now all eyes on the fed meeting next week and whether it hikes rates again. how much in the meantime we re taking a close look at the dow, the s&p, the nasdaq and it is a rocky road egg prices, time to go home and bake a cake. cnbc s contessa brewer, thank you so much. thank you americans pay nearly three times more for prescription drugs than any other countries president biden s plan to change that we re live in las vegas as the president is set to speak. catastrophic flooding in california coming on the heels of deadly drought. but is one impacting the other we ll explain ahead. plus, reporting on what republican house members thought of ron desantis when he was in congress and how they feel about him now. it is so interesting you re watching chris jansing reports, only on msnbc.
down. people do did anticipate it, it shouldn t change the world, but things are weaker today than they need to be because of the inflation and we are going to see more interest rate increases in the future for just this reason. sandra: one area i think in the economy where a lot of folks watch, it s tied for most people the largest asset they will ever own in their life, and that is their home. and the value of their home, and we did see some housing data recently that would indicate there is a significant slowdown in the housing market in this country, and there s no doubt it s tied to mortgage rates. this is as the federal reserve hikes rates, ok, that s the bottom line on your screen, blue line, as it hikes rates to tame inflation, you have had those mortgage rates going higher and higher, topping 6% now, grover, and that makes for a pretty pricey housing market for a lot of people. if you are hoping somebody wants to buy your house, they are seeing a more expensive