marketplace fairness act. it s just an internet sales tax which big companies like amazon support. why? because it helps amazon priced out smaller competitors and according to congress, that s marketplace fairness. so we should all be very, very, very concerned that congress just passed something called the inflation reduction act. it mandates hundreds of billions of new dollars in spending that will increase the money supply in thisal country and that will in turnue devalue the currency and that in turn cause more inflation. that s basic supply and demand.a butti before we get to the specifics of the legislation, keep in mindhi life is already so expensive ins this country that we literally have bread lines in major cities foxes. jeff flock to spoke toke volunteers at one food bank in camden, new jersey, who say that many people cannot afford rice and beans. nd look at all these people. this is a line that runs almosta around the block herelm. y yeah, thingsou cost more . an
who can t afford it. martha: the dow is up a lot on that news. in less than 24 hours, we ll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi s trip, it s a red line for them. china recognizes obviously china believes that taiwan is part of china, that it s not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip, the speaker said this. i never talk about travel. it s a danger to me. so why is the white house trying to dissuade this trip? we ll ask john kirby about that. he joins us in a few moments from there. first, to gillian turner covering this story for us today. it s a story that keeps moving all throughout the last couple hours, gillian. what is the very latest? martha, this just in. the secretary
he came from. later tonight, new york has gone from bad to worse as the city refuses to lock up repeat offenders, all in the name of social justice. now many residents are forced to take matters into their own hands. we re going to talk what local boxing and mma coach leapt into action against a violent criminal, but first we begin tonight with a common theme from the biden white house and that is one of weakness. take a look. i must admit, i spoke about the possibility of my being able to buy one of those corvettes that are electric vehicles and i m not going to be able to do it because i can drive a vehicle while i am present beer good for the economy and the environment. thank you. is it all right if i ask a question, brian? of course, mr. president. i m just going to ask secretary yellen to offer before you do, can i ask a question? of course. i would like to ask a question. sean: you can t make this up, anyone can see the joe biden is physically, mental
Fired. Voters electing tough on crime challenger after years of antifa riots and open drug use. More on the message this is sending other prosecutors across the country. Todd we dont want to be attacked. Fox news exclusive. New whistleblower report accusing Obama Organization of shielding known terrorists and others connected to the iran nuc nuclear. Brooke singman broke the story. Carley and Harrison Butker getting backup from two big names on the super bowl winning team. I judge him by the character he shows every single day, he is a good person. Everybody has their own opinion, that is great about this country. Carley Patrick Mahomes and andy reid are not the only ones speaking up, who else is talking. You are watching fox and friends first, im carley shimkus. Todd im todd piro. More on those stories in a bit. Former President Trump continuing blue state Campaign Trip with going to the bronx today. Carley no republican president ial candidate has won there since 1924. Calvin coolidg
Thanks to our powerful trade policies, the Trade Deficit is falling and falling. American steel mills are back open for business. We are starting to set new records, and nobody believes it could happen this quickly. Democrats want to raise your taxes. They want to destroy your jobs. They want to crush our industries with crippling regulations. And you know the stock market is up almost 40 since that great november day. And america now is winning again like they havent won before. Bill it went on like for over an hour. The headline. U. S. Workers get the biggest pay raise in 10 years. Wage growth that has been stagnant for americans. Absolutely. Gdp numbers last quarter were very good. Around expectations a little over 4 . More than sustainable growth. Something you can hang your hat on. Again, economists, moodys say if the trade policies were fully implemented you could shave up to 3 10 of a point off the gdp. Its trillions of dollars of lost economic activity. Bill scaramucci is writi