Whats coming down and Gerri Willis on what is going up At The stores but first, go to jackie on jobs. This has been the Moment Everyone is waiting for, the time when the economic recovery is on track postpandemic where Pandemic Unemployment benefits end. Today, seven and a half million workers who have received boosted Unemployment Checks will be cut off according to the century foundation. A group of people have already lost their benefits, 9. 4 million people as of midjuly. These were people who were not traditionally eligible for aid like freelancers who got it because of the crisis. The Department Of Labor said that more than 72 of americans got one form of assistance or another. Recall that in march of this year, the american Rescue Plan extended benefits through Labor Day and democrats insisted more aid was necessary At ThAt Time all republicans questioned why reopening wasnt enough to end benefits and here we are now, many businesses struggling to hire workers as inflation is pa
The president s Treasury Secretary is sounding the alarm about inflation. Janet yell lens comments added to the concern voiced by st. Louis fed chief james bowler. The inflationary impulse, i think, is more intense than we were expecting. There are some people who are looking for Rate Hikes in 2022. Where do you kind of come down . I put us starting late in 2022. Bret while stocks are lower, many Consumer Prices are getting higher. Liz Claman Host of the Claman Countdown on Fox Business joins us tonight from New York with the latest. Good evening, liz. Good evening, pretty. You know, it was almost as if the Stock Market had a delayed reaction to what the federal Reserve Chairman said three days ago at his Interest Rate Meeting News Conference that was simply that inflation is sizzling hotter than an anticipated the federal reserve raised forecast from rising prices for inflation to 3. 4 . Then today, days later, st. Louis Fed President James Bollard said as much in an interview this mo
Willis with the pain at the Pump And Casey stegall with how flyers are returning to the skies. First, alex in new York City. Alex . Hi, charles. A lot of festivities taking place around the country. If you picked up fresh fruit, the price went up 1. 5 since april. If chicken made your cut, its 31 more than this time last year, this try of Chicken Wings in new York City cost me 9. Last year it was 6. 87. In the last 12 months, prices have increased 2. 4 . Eating out isnt much better. Restaurant food, 3. 8 . The Consumer Prices jumped 4. 2 exceeding the 3. 6 expectation. Its the greatest increase in 12 years. Keep in mind economists a tribute that to the economic fallout during the pandemic. The last time inflation grew this was 2008 after the recession. Theres additional price changes this year. In terms of travel and transportation, used cars and trucks spiked 21 . Motor Vehicle Insurance is up as well as airline fares. Aaa pro predicts 37 Million americans will travel this summer. Thi
Development with peter doocy at the white house on the administrations plan to sell all of this spending and for the good of inflation. Grady trimble at the high prices in the middle of the country. Susan li on customers buying and buying and buying no matter the price. We begin with peter at the white house. Hi, peter. Good afternoon. The Infrastructure Bill is the now the Infrastructure Law and the president is up in New Hampshire talking like somebody who has a trillion dollars burning a hole in his pocket. Thanks to the Infrastructure Law, were going to make the most significant investment to modernize our roads and bridges in 70 years. Law will speed up replacement of bridges by the least by at least a year allow New Hampshire to invest in other Critical Infrastructure needs. The president s backdrop is the nh 175 bridge in woodstock, New Hampshire which has some leaders scratching their heads like the republican governor. Its a little odd the president is coming here to brag abou
Suspected gunmen arrested after an attack on a concert hall. Isis taking credit for the shooting rampage that has a left at least 133 dead and Vladimir Putin vowing revenge especially for if anyone responsible, they will be fully punished. Then to london where news of Princess Kates Cancer Diagnosis has the world watching and worrying. In january i underwent major Abdominal Surgery in london, and at the time it was thought that my condition was noncancerous. The surgery was successful. However, tests after the operation found cancer had been present. My medical team, therefore, advised that i should undergo a course of preventive chemotherapy, and im now in the early stages of that treatment. This, of course, came as a huge shock, and william and i have been doing everything we can to process and and manage this privately for the sake of our young family. Neil the 42yearold British Royal undergoing what her doctors call preventative chemotherapy for cancer, but at this hour we till don