yesterday s scathing report on inflation as well. dana: that number coming in much hotter than predicted. data suggesting the president s inflation problem is here to stay. the markets reacted accordingly. bill: the dow plunged almost 1300 points, the worst day since nearly the height of the pandemic in june of 2020. the sell-off fueling predictions of an even larger federal rate increase. dana: the rate hikes designed to drive down the inflation hurting your wallet. americans are paying more for everything this year, food is up more than 11%, that s the largest increase in 43 years. bill: wages are rising but can t keep up with inflation. that s leading to a 3% pay cut across the board. dana: despite all of that, president biden chose yesterday, of all days, to celebrate the so-called inflation reduction act. democrats touted the benefits of the $430 billion bill while brushing off the bloodbath on wall street. the stock market doesn t reflect the state of the ec
industry what we have watched from the democratic party is wasteful spending. their wasteful spending has brought inflation. rising costs on everything you want to buy not only from gas but the grocery store. every american should ask themselves, can we afford to give up one month salary? most people would say no, but do you realize that has been taken from you? carley: alexandria hoff live with economic fears, alexandria. good morning to you both. yesterday treasury secretary janet yellen said there is concern the federal reserve strategy to bring down strep inflation by hiking rates. we will need great skill and some good luck to achieve what we sometimes call a soft landing. i hope and i believe there is a path to accomplishing that. speak with the rate of cost rising slightly in july, 85% year-over-year compared with jen s record 9.1% surge by the inflation decade high. and in a gains could be sunk again. janet yellen admitted yesterday gas prices may see a spike
h.w. bush and everybody gathers and has a moment. that s what we re watching here. the queen s coffin will lie in rest at st. giles. bill: the quoen s coffin will then be flown to london and she will lie in house of parliament. dana: president biden accepted an invitation to the funeral. the first lady will join him. they remember her more than a monarch. bill: king charles iii arriving in scotland after addressing parliament on sunday for the first time since his mother s passing. he pledged to follow her example of selfless duty as lawmakers offered up condolences. dana: this is the moment everyone is talking about. princes william and harry making a rare joint appearance. they and their wives greeted mourners outside windsor castle and harry made his first statement on his grandmother s death. jonathan hunt has more from buckingham palace. good morning to both of you. we are in the heart of another historic and hectic day here in the u.k. it began with king charl
is now facing fears backlash and charges of hypocrisy over her move to divert some of those illegal immigrants to republican run suburb. and kamala harris seems to be gaslighting the nation because she insists the boy to is secure and blames any problems on the e trump administration. watch. would you call the border secure? it s secure, but we have a broken immigration system, particularly the last four years before he came in, and needs to be fixed. we have two meal and crossing for the first time ever you are confident the border is secure? we have a secure border in that it is a priority for any nation, including ours and our administration. but there are still a lot of problems that we are trying to fix, given the deterioration that happened over the last four years. emily: kayleigh, what a tired talking points. what an old resurrected talking point from her. they ve been in office almost two years now and she s still blaming the trump administration and talkin