the gains since biden took office. bill: the biggest rate hike in three decades. new york post, it s looking grizzly. dana: adding to the concerns is the producer price index for may out just moments ago showing wholesale prices up 11% year-over-year. all of that gets passed right onto you, the consumer. bill: it does. the price of gas holding steady, record $5 a gallon all threatening to overwhelm a white house in crisis. we begin with griff jenkins on the north lawn. good morning. that s ppi number which increased month over month is not welcome news at the white house because it rose and it is rising is an indication that inflation may not yet have peaked. that number, by the way, without going into the weeds represents what companies pay to make the things we buy and that cost gets passed on to us. by the way, bill, i doubt the president wanted to wake up feeling grizzly this morning. a bear market occurs when an index like the s&p falls 20% off a recent high. i
basically on sunday except from this network. it s a big story that s been ignored. we ll go to the white house where the press secretary is likely to get asked about this big headline in the new york times. should biden run in 2024? democratic whisperers of no start to rise. high level democrats calling the president an anchor that should be cut loose in 2024. he s saying he s going to run again in 2024. will you support him? if the president has a vision and something that we re willing to entertain and examine when the time comes. that s not a yes. yeah, i think we should endorse when we get to him. martha: okay. with that, we bring in mark penn, former clinton adviser and polster and karl rove, a fox news contributor. great to have you with us today. i want to get to aoc and to this discussion about the president being called an anchor that needs to be cut loose. first, carl, i want to ask you about the justices, this imminent decision and what you would expec
dana: incredible. i m glad to be back with all of you. let me tell you the world over they are amazing and we appreciate you very much. the national average soaring to an all time high of $4.86 a gallon up 25 cents from last week and $2 from a year ago. bill: americans say it will be one of the deciding issues how they vote in november and also concerned about the economy and inflation and crime. the president is under water on the big three issues when it comes to your wallet. dana: i ve been dying to talk about all of this. let s start with peter doocy reporting from the north lawn this morning. hi, peter. good morning. welcome back. white house officials aren t just saying they think things are going well. they are saying they think thing are going well because of them. i have reporters calling me when delta hit, omicron hit, putin went into ukraine saying is that it? will that derail the recovery? and so far you ve seen resilience. that has a lot to do with the
one of the factors driving inflation is this nationwide labor shortage. it continues. take a look at these brand-new job numbers. a mere 128,000 added jobs to the private sector just last month. this is less than half what was expected. it marks the slowest growth since the start of the pandemic. bill: if that doesn t make you feel better this won t, either. gas prices hitting another record high, $4.71 a gallon. we have hit a daily new high almost every day over the past month. sandra: people are feeling it. president biden saying there is no near-term solution to the problem and now the head of a major american bank is forecasting disaster. it is a hurricane. right now it s sunny, things are doing fine. everyone thinks the fed can handle this. that hurricane is right out there down the road coming our way. we just don t know if it s a minor one or super storm sandy. bill: north lawn of the white house, a lot of fires to put out there. jacqui heinrich begins our day.
deemphasized. brian deese will be elevated. he will join us in a few moments. we ll ask him what that means and what s going on there. the biden white house takes incoming from those usually on the president s side. listen to this. when inflation is above 4 and unemployment is below 4, you re almost certain to have a recession in the next two years. going to the fall election with inflation running at 5 or 6% with gas prices just as high as today, could be higher, that is not a great recipe for electoral success. so nose are some former obama-biden officials speaking about what they see coming, recessionary pressures. here s some folks in leesburg, virginia, a state that president biden won by ten points. everything is sky high. i usele to fill my tank for $50. now it s $80. since the new administration has come into play, our sales have come down dramatically. it s not attributable to the democrats or the republicans. i a biproduct of the ukrainian war. their a