joining us i m eric shawn. for some other major stories were funky right now. trying to intensify the military the coast of tehran. that after house speaker nancy pelosi visited the country last week. beijing also suspending climate and military cooperation agreement with the united states. meanwhile in the middle east dozens have been killed in gaza. the bloodiest fighting between israelis and palestinians in over a year. as palestinian jihad terrorists continue to attack the jewish state, more than 600 rockets have been fired from gaza. some see behind these attacks the hidden hand of ironic. former prime minister of israel will be here on that in a few moments. cracks fox team coverage starts right now. alexander hoff with a more on the china threat. first were going to go to chad per agreement. he has on capitol hill so chad what is it looking like? the senate has 44 sanding grocers one very important human rule exhaustion but centers have voted straight through since l
much right at the moment. not necessarily feeling it right now, but in the future, i have big plans. if interest rates go up on the home mortgages, i could be a little screwed there. i m in the corporate world. it s concerning. with the prices going up, we cannot afford sometimes what i you know. so it s hard for me. have to pinch here and there. still living our life. neil: the white house learning what americans knew all along. we re indeed in a recession. the economy pulling back as prices refuse to let up. stocks ignored this and moved up what is really up? we re going to talk to senior economic adviser, gene sperling in just a moment. this is neil cavuto and your world. first to edward lawrence at the white house on how all of this is being digested there. edward? the president confident that we re not in a recession. we re hearing it from everyone in the administration. don t look at the gdp numbers. look at job growth. in fact, the jobs that the adminis
trying to redefine recession? we are not redefining recession. greg: president biden s prediction there being no recession lasting about as long as kamala s doomed presidential campaign. democrats are pushing more massive spending for some reason, to get us out of it. biden is brushing off the bad economic news while claiming dishing out $700 billion for things like fighting climate change and that will actually lower inflation. chairman powell and many of the significant banking personnel and economists say we are not in a recession. we created 9 million new jobs so far as i ve become president. businesses are investing in america and record rates. the inflation reduction act will add another $370 billion in clean energy tax credits and reconciliation. that doesn t sound like a recession to me. greg: now that biden s prediction has flopped, democrats and the media are getting on the same page to try to convince americans things aren t that bad. we have to remember
forward. what do republicans have to say? the republicans offered a bit of a muted response. many not defending donald trump s actions, not yet criticizing what the justice department is doing, taking a wait and see approach. one of those republicans, lindsey graham of south carolina, who told me earlier today that he does not think that trump should be prosecuted. that s just ridiculous for me to comment over what some grand jury may be looking at. i don t see anything to prosecute him over. now, graham himself has come under scrutiny for phone calls he made to the georgia secretary of state in the aftermath of the november 2020 elections. the georgia prosecutor looking into donald trump s actions, has asked for graham to come before the grand jury and testify there. graham himself has said that he will not do that, he s trying to fight that subpoena. nevertheless, you re hearing some defense from republicans but most are saying they re going to take a wait and see a
doocy at the white house with the latest. peter? here at the white house, they think this jobs report is not a reason to worry about a recession. that phrase, make it in america, the cornerstone of my economic plan. today s report proves making it in america isn t just a slogan, it s my administration. but former obama economic adviser jason furman writes uncomfortably hot jobs report. 528,000 jobs added and unemployment rate falls to 3.5%. what worries me is average hourly earnings were up at 5.8% in july. june revised. the wage moderation that we all discussed last month was wrong data. white house officials are shrugging off the fears saying they still trust the federal reserve to adjust rates to address inflation. they claim there s more good news. in 50 straight days of gas prices falling even though they re $1.72 a gallon more than when president biden got here. you want to talk to a nurse or a teacher or a firefighter? having that little britt of breathing room