make it all. lydia? hi, charles. a month of cooling prices, certainly encouraging news for consumers that welcome the relief. they ve probably noticed gas prices coming down at the pump. there are still concerns that inflation could turn around and tick back up as there s other elements like housing, rent prices are still very high and should by said one month of cooling prices does not a trend make. consumering still notice how they re paying through the nose for a lot of items. gas prices still high even though they are coming down. up about 44% higher over last year. prices for food at the grocery store, more than 13% higher than last year. health insurance premiums up 20%. airline fares up, too. more than 27% still. you know, charles, it s school season. parents are stressed right now. they re out shopping getting their back to school supplies and noticing the sticker shock. take a look at this basket of back to school items like notebooks and binders and pencils. data
try to fill remaining positions. will also today president biden signed an executive order on abortion access following criticism within his own party. he s not doing enough to protect reproductive rights. white house correspondent peter doocy is following it all tonight from the north lawn. good evening, peter. good evening, mike. president biden s team pored over today s jobs report and filled up part of a speech with some numbers they think prove that things are going well and the president deserves credit. my economic plan is moving this country in a better direction. the reason to believe the president thinks that unemployment rate low and steady at 3.6%. recovered all of the jobs lost during the pandemic and added jobs on top of that. but more than 11 million jobs remain unfilled as hundreds of thousands have decided to stop looking. the labor force participation rate dropped another two tenths percent the labor force 300,000 people. fewer out there availabl
this deal ever really start? is was it ever really, well, real? did elon musk ever truly intend to buy out the company, and if he did, what happened? and now what happens? welcome, everyone, i m neil cavuto and happy weekend and not if you re a twitter shareholder on news that elon musk is quitting. the latest from kelly o grady out in los angeles on what went wrong. reporter: hey, neil. what a roller coaster, right? elon is claiming he has grounds to terminate the social platform because they failed to provide key information and that the company appears to have made misleading statements during their negotiations. now, this really all comes down to the number of spam bots on the platform. the reason bots are so important is musk has made no new attempts to grow the revenue, and that risks on act rests on active users. all indications suggest that several of twitter s public exposures are either false or materially misleading. it appears twitter is dramatically understat
we begin with more on twitter and the latest security concerns. as you ve been hearing, the company s former head of security alleges the social media giant has hidden negligent security practices, misled federal regulators about its safety, and failed to properly estimate the number of bots on its platform. twitter has denied the allegations saying they contain many inaccuracies and inconsistencies, but the revelations could have huge consequences for twitter, including possible fines and the potential unravelling of elon musk s bid to buy the company. joseph menn, from the washington post, was one of the reporters who broke the story. he explained what motivated peiter zatco to file this whistleblower complaint. peiter zatco is an unusual person, one of the most famous actors in america and has pioneered and co ordinated disclosure where security researchers find flaws in programmes and work with the vendors to establish fixes for the problems before going public. he led cy
shrinking stocks unfortunately in the pensions. peter doocy on the shrinking poll numbers for a president that just found a new villain for all of this and his name is not putin. welcome. i m neil cavuto, this is your world. a very turbulent world. when it comes to the markets, a lot redder world. how much? to jackie deangelis with more. good afternoon. another rough day for the markets, neil. not for the feint of heart. the markets digesting the rate hike that we saw yesterday and jerome powell s comments and deciding more hikes and slower growth means recession is coming if we re not there already. let s talk about wealth destruction for a moment. the numbers are staggering. yes, of course, jeff bezos and elon musk are not as rich as they once were on paper. investors across america in 401(k)s and iras have seen massive wealth destruction, $3 trillion according to the center for retirement research at boston calculation. 401(k) plans have lost $4 trillion sense the end