severe storms slamming parts of the northeast. nearly 14 million on alert for powerful thunderstorms. rob marciano timing it all out. also developing tonight, the plunge on wall street. investors reacting to tough words from the fed chair. the dow dropping more than 1,000 points. jerome powell saying more pain and rate hikes are ahead to bring down inflation and hold back a possible recession. rebecca jarvis breaking it down. the battle of the drug giants over the covid vaccine. moderna suing pfizer, saying its rival copied its technology. how pfizer is responding tonight, and what this could mean for the future of the covid shot. the dire warning from ukraine. the head of the country s nuclear agency telling abc news just how dangerously close the country s largest nuclear plant was to catastrophe and how it could happen again. one louisiana mother s personal struggle for an abortion. doctors recommending she terminate her nonviable pregnancy, but she says she was de
another encore for serena williams. she showed she s got no intention of ending her singles career without a fight as she advanced to the third round of the us open, this time beating one of the top seeds. and we look at glasgow s chances of becoming the host city for the eurovision 2023. good morning. it s not of country this morning started off on a cool note with some dense fog patches but for many of us today, it is going to be largely dry. there will be some sunshine but there will also be some showers and some of those could be heavy and potentially thundery. i will have all the details throughout this morning s programme. it s thursday 1st september. the prime minister is expected to announce up to £700 million of investment for a new nuclear reactor in suffolk today. it s part of the government s long term strategy to bring down energy costs but it could take 15 years to build and a final go ahead will have to wait for mrjohnson s successor. jon donnison reports. is
jonathan karl and pierre thomas standing by. severe storms slamming parts of the northeast. nearly 14 million on alert for powerful thunderstorms. rob marciano timing it all out. also developing, tonight, the plunge on wall street. investors reacting to tough words from the fed chair. the dow dropping more than 1,000 points. jerome powell saying more pain and rate hikes are ahead to bring down inflation and hold back a possible recession. rebecca jarvis breaking it down. the battle of the drug giants over the covid vaccine. moderna suing pfizer, saying its rival copied its technology. how pfizer is responding tonight, and what this could mean for the future of the covid shot. the dire warning from ukraine. the head of the country s nuclear agency telling abc news just how dangerously close the country s largest nuclear plant was to catastrophe and how it could happen again. one louisiana mother s personal struggle for an abortion. doctor s recommending she terminate
and the rockets red glare the bombs burting in air gave proof through the night that our flag was still there o say does that star spangled banner yet wave o er the land of the free and the home of the brave welcome to fox and friends this saturday in august, your wonderful patriotic pictures begin our morning, send them in at friends@foxnews.com. it has been a week since i have been on the weekend couch, up been a couple weeks since i ve heard that patriotic anthem intro, good to be back. rachel: you were on vacation and the best thing about vacation is wanted is wrapped up, i am ready to go home. is that how you felt? will: i had big plans for vacation to come back rest and relaxed, you heard the weekend before, i spent most of july fighting a sickness. i got all the sicknesses and i was sick on vacation, one rolled into the other. i am not asking for any world is me. i got a little son and i m glad to be back. joey:you missed but i will nev
time here. here s the good news. we re six months through this. here s the bad news. get ready for six months more of this? welcome, everybody. i m neil cavuto. we begin with lauren simonetti on what happens and what could be coming next. hi, lauren. neil, let me take you back to january 4, 2022. that was the high of the year. dow 36,799. just a few days later, the blue chip average fell over 1,000. that is ringing true this year also.so the day russia invaded ukraine, february 24, the dow went to 33,223. the seventh official correction mark ago 10% decline from that january high. investors paused. spring didn t seem so bad. the war did. commodity costs, they climbed even higher. the federal reserve started to take more drastic action. they raised the rate 50 basis points may 4, a steep sell-off on wall street right after that. so investors started to think, oh, 50 basis points. maybe that s not enough when consumer prices surged 8.6%. we found that out june 10th. inflation