time here. here s the good news. we re six months through this. here s the bad news. get ready for six months more of this? welcome, everybody. i m neil cavuto. we begin with lauren simonetti on what happens and what could be coming next. hi, lauren. neil, let me take you back to january 4, 2022. that was the high of the year. dow 36,799. just a few days later, the blue chip average fell over 1,000. that is ringing true this year also.so the day russia invaded ukraine, february 24, the dow went to 33,223. the seventh official correction mark ago 10% decline from that january high. investors paused. spring didn t seem so bad. the war did. commodity costs, they climbed even higher. the federal reserve started to take more drastic action. they raised the rate 50 basis points may 4, a steep sell-off on wall street right after that. so investors started to think, oh, 50 basis points. maybe that s not enough when consumer prices surged 8.6%. we found that out june 10th. inflation
ago ketanji brown jackson was sworn in as the newest justice and first black woman in the court s history. but while she brings new diversity to the court, she won t change the ideological makeup and that s a big issue for those concerned with a string of decisions are just the start of a broader push, reshaping the cultural face of america. and it was roe today that pushed president biden to reverse his long held position. now calling on congress to carve out an exception to the 60-vote filibuster and pass new laws that would protect abortion rights. i believe we have to codify roe v. wade in the law and the way to do that is to make sure the congress votes to do that. and if the filibuster gets in the way, it s like voting rights, it should be, we provide an exception for this, require an exception to the filibuster for this action. his speech came just hours before two new decisions. the first actual delivering a win for the biden administration ruling that it acted pr
the decision could overrule the nationwide right to abortion. bill: gun rights are also on the docket. the court decides a fate of a new york law that restricts conceal carry. that decision could have implications with other blue states, eight of them in total with strong gun laws. dana: the court is hearing a challenge to former president trump s remain in mexico policy. the rule has forced tens of thousands to wait while their asylum claims are heard. president biden is suing to end it. border patrol data shows they are barely enforcing it. we ll have a live report on that from the border. bill: major ruling on religious liberty. it centered on a washington states high school football coach fired for praying on the field. dana: the court is weighing these cases over a back drop of hostility and intimidation. a leaked draft opinion on abortion has prompted weeks of protest outside justice s home. it reached a boiling point two weeks ago when police arrested a suspect
i can see that i can see alexandria obviously talking there but we are having a bit of and adio issue, we will circle back and get back to her in a moment. in the mean time, i will take you out to the great state of florida where we have live pictures of mar-a-lago, the former president trump s beautiful estate. some have called it the southern white house. as for the former president he s pushing back against the fbi search of his home on social media saying the agency should return several boxes of privileged-attorney client material that they seized on monday and with the very latest on that we welcome good friend lucas tomlinson. lucas: good afternoon, lawmakers taking sunday talk shows, fallout across party lines, democratic chairman pushing back on former president trump s claims that he has the power to declassify any documents. the former president has no declassification authority and the idea that 18 months after the fact that donald trump could simply announce,
so i m not worried about it. over the long-term, it will be okay. i don t want to look. bye, bye, bye, i guess. i feel bad for anyone that is 65. i have good financial advisers. i m sure they ll manage it. keep those things in mind. for someone like me, my time runs out 25 years from now. so more or less be patient. short term, you know, it s not great. long-term it s going to go up and down like it always does. it will be back eventually. we ve been burning long and hot for a long time. we ve been overdue for this. neil: so are we coming out of a rough patch or should investors brace for more? we have you covered. we always do with jackie deangelis on what could be a hot summer for investors. charlie gasparino on why elon musk might have it right and if a gas tax holiday will be the savior. welcome. i m neil cavuto. thanks very much for joining us. we had a busy world today. we have the latest from jackie deangelis on what s going on with the markets and the econom