now. president biden was wrong back in december when he predicted that inflation was at its peak and said this. i think you ll see it change sooner than quicker, more rapidly than it will take than most people think. leader mcconnell is standing by. first, gene sperling. good to have you with used too. the question that comes up again and again is that the messages that we received from all left fields of the white house and treasury have been wrong. so how did you get this so wrong? well, martha, the white house and the treasury department were saying last year and i can t stress this enough, reflected the overwhelming economic consensus in the private sector, in the u.s. and other places around the world. it wasn t so much it wasn t the people were wrong with the facts that they had. it s that things happened after that that affected the outcome. so we had not just delta, but omicron. we had gas prices at $3.31 january 17 when putin first started doing military ex
what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt
poison americans in this country, you d have a hard time finding a more effective weapon than fentanyl has been across this border, a lot of big money. cartels are behind this effort. mexican drug lords involved, chinese elements involved in this, too. how do you see what is going on and what they re trying to do to young people in this country? well, it s killing young people as the governor said. the leading cause of death in americans between the ages of 18 to 45. it s killing a generation of americans. it s not while cancer used to be the leading car or car accidents, now it s this very lethal thing called fentanyl. texas isn t ground zero. it s coming in 8,000 pounds of this stuff, enough to kill the american people seven times over. to your point, this is the border is controlled now by drug cartels making money off of
this. and then china, believe it or not, they re sending the precursors to make this stuff a then they make money off of that and at the same time killing and poisoning americans. it s like the opium wars reversed. what a great foreign policy for china. we re letting it happen. this administration is letting it happen. martha: when you talk to parents whose children have died from one time taking a pill that they thought was something that wasn t going to hurt them. i want to point out, if you see me looking to the right-hand side of the screen, i m watching a live camera over the border of your state. i just walked people walk across the rio grande, across the water. right into the country. i mean, when are we going to start recognizing this nor what it is? you recognize it in texas. it never gets any lip service at all actually, it does. here s president obrador meeting
what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not