1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearly trip that will today. some perspective on time and prices. lower and slower back then. faster and out of control right now. we are all over it with lydia hu at a new york city supermarket on how folks are holding up. hillary vaughn on capitol hill where democrats and republicans are digging in. edward lawrence in jerusalem on if those inflation numbers are weighing the president down. why house economic adviser jared bernstein on what costs he sees no longer going up. welcome. i m neil cavuto.
transitory, despite the best effort to gaslighting americans into taking higher prices with this magically disappear inflation sparking to another 40 year high and hitting 9.1% making president biden the undisputed mvp of unaffordable gas and grocery bills. joe and cospending the numbers. there is no question that we still have work to do, but it is important to know that these numbers do not fully reflect the recent drop in gas prices june prices are down a $0.40 a gallon, fighting inflation is one of our administration s top economic priorities. greg: the new inflation numbers at sure give ammo to people desperate to put joe out of pasture and 2024, like any old timer that resists change, as defiant as ever, so listen here, jack. mr. president, what is your message to democrats who do not want you to run again? they want me to run, look at the pole, jack. you guys are all the same, it should ve been 92% of democrats if iran would vote for me. a majority of democra
investigating how the suspect, allegedly armed with a homemade gun, was able to get so close. bob woodruff in tokyo. back here at home, dangerous heat alerts across much of the u.s. a large wildfire exploding at yosemite national park. red-flag warnings in the west, and tracking severe storms and possible tornadoes into tomorrow. elon musk s twitter battle. 24 hours after saying he s terminating the $44 billion deal, will the court have the final decision? news tonight about that much anticipated testimony from former president trump s white house counsel pat cipollone. what we re learning about what he told the january 6th committee behind closed doors. shark patrols on high alert along america s beaches. two recent shark attacks involving life guards off new york. the warning to everyone going into the water. chaos on the streets of sri lanka. the president and prime minster both vowing to resign amid violent protests. tens of thousands storming the presidential r
is not doing enough. and d.c. news reporting a white house official, highlighting biden s election executive actions, boosting abortion pills, and contraception. only congress can codify roe v. wade into law. comes as america on friday, louisiana judge ruled that the state can now enforcing near total ban on abortions. just events a constitutional amendment that would ban abortion in that state. that could be on the ballot as soon as next year. president biden reproductive freedom he s also calling it the high court for its dangerous and outrageous kneeling we cannot allow an out of control supreme court working in conjunction with extremist elements of the republican party to take away freedoms. and our personal autonomy. the choice we face as a nation between the mainstream and the extreme. but we are witnessing is in a constitutional judgment, it was an exercise of raw political power. the mainstream, and the extreme. and as you know, it is not just abortion rights.
trophy for the women at wimbledon. but yesterday cameron norrie s wimbledon final dream ended with a semifinal defeat to reigning champion novak djokovic. and supermodel naomi campbell on modelling, mortarboards and motherhood. good morning. the temperatures will be the talking point of the weather forecast this weekend, things really warming up again, especially by sunday. lots of strong sunshine and things remaining mostly drive. dry. it s saturday, the ninth ofjuly. our top story: the race to replace borisjohnson as leader of the conservative party is gathering pace this morning, with four conservative mps now in the running to become the next prime minister. the candidates so far include former chancellor, rishi sunak, whose resignation earlier this week helped trigger the mass walkout of ministers that forced mrjohnson to stand down. more candidates are expecting to enter the contest over the weekend, as our political correspondent, ione wells, reports. will you be st