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us now from new york. good evening, connell. good evening, bret. the dow after four downed days in a row now finds itself at lowest level since november of 2020. now, investors have pretty much concluded at this point as interest rates rise that the economy will have trouble growing. not just here in the u.s. but all around the world. one of those days on wall street where it was sell first and ask questions later in a friday session. all the worries seem to be magnified right now in the minds of investors from the war in ukraine to the energy crisis in europe. but, really more than anything, it s the higher interest rates that we are seeing in the u.s. but also in places like britain, sweden, switzerland and norway. the day started with a report showing a sharp decline in european economic activity, which raises the risk of recession over there and the new government in the u.k. led by prime minister liz truss now unveiled a plan for tax cuts that really was not well ....
bret: breaking tonight, president biden says he has taken america from economic crisis to economic resurgence. the president talked about what he called unprecedented investments in his bipartisan infrastructure law to a group in boston today. americans are still focused on the economy and specifically record inflation that more than half say is has caused financial hardship for their household. white house correspondent jacqui heinrich starts us off tonight from the north lawn. good evening, jacqui. good evening, bret. officials here won t say if inflation has peaked yet. tomorrow we will see the numbers which could give us clues about how aggressive the fed might be in their next set of rate hikes. for now the president is out defending his spending that his critics say contributed to the problem. we re going to be spending a lot of money. president biden hit the trood argue he is spending taxpayer dollars where it s needed like 62 million at boston s airpor ....
thanked mourners who ve gathered to remember the queen, including an unexpected show of unity from princes william and harry. it s sunday, the 11th of september. i m at the palace of holyroodhouse in edinburgh, the official residence of the british monarch in scotland. the queen s coffin will arrive here from balmoral later today. let s take a look at the route it will take. at around 10:00, her coffin will be carried by six of the gamekeepers from her scottish estate from the ballroom at balmoral to a hearse. from there, it will begin a six hour, 175 milejourney. the route will pass through aberdeen, then on to dundee, before finally arriving at the palace here where it will lie in the throne room until monday afternoon. 0ur correspondentjudith moritz has this report. well, they have been rehearsing for the night. we have heard drums being beat, just in the last hour, we have seen much in parades in the last few minutes. judith moritz has this report on what we can exp ....
for sure by comments like that and anybody else s, they went from initially saying that this committee was nothing but a sideshow, something nobody was interested in, to all of a sudden, oh, yeah, i want to testify publicly in front of it. kinzinger also confirmed another major piece of the investigation saying that former white house counsel pat cipollone did not contradict testimony from former white house aide cassidy hutchinson who provided explosive details from the final days of the trump administration. the house investigation is not the only one zeroing in on trump and his inner circle. sarah murray has the latest. reporter: in battleground states across the country gop activists, republican party chairs and even a state senate president i am the senate president of arizona, and it is our job to make sure we have fair and accurate elections. reporter: are getting hit with subpoenas. as early as this week some republicans tied to the plan to put forward ....
democracy. the president made the comments against an eerie blood red background complete with marines on guard at philadelphia s independence hall. critics say it is the hyper divisive president and his progressive agenda that are the real threats to the country. now the president seems to be backing off a bit. white house correspondent peter doocy takes a look at the address and the fallout. good evening, peter. peter: good evening, mike. the president s argument is basically that he thinks the united states can have a democracy or maga republicans. but not both. so i asked him today whether or not that applies to all 74 million americans who backed trump in 2020 and his answer was very revealing. this is not unusual, right? to have a to have a speech like this. peter: that speech a warning about so-called maga republicans. they promote authoritarian leaders and fan the flames of political violence that are a threat to our personal rights. peter: but the p ....