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FOXNEWS Americas Newsroom July 7, 2024

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 h ....

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MSNBC Jose Diaz-Balart Reports July 7, 2024

his planned trip to the middle east including saudi arabia. on capitol hill lawmakers are racing to put together a new bill that addresses rising gun violence and pass it all before the july 4th recess. we ll discuss with congressman salud car ba hall. we ll highlight the key races to watch with steve kornacki at the big board. we ll bring you an update on the fight for ukraine s donbas region which ukrainian president zelenskyy says will go down as one of the most brutal battles in and for europe. we begin with the growing unease over the state of the american economy. right now the dow jones industrial average is 141 points 140 points up. you see the index at 30,654. this is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, h ....

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MSNBC Jose Diaz-Balart Reports June 4, 2024 14:02:00

This is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, having fallen more than 20% since january. one hour from now, president biden will talk about the economy when he speaks to the afl-cio convention in philadelphia. the speech comes as many americans struggle to pay for basic needs such as food, gas, shelter and clothing. it s hard to keep food on the table. the rent prices are going up. it s hard to keep a roof over our head. even utilities are going up. with us to take a closer look at this, cnn senior market correspondent dominic chu, nbc news correspondent mike memoli ....

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FOXNEWS Americas Newsroom June 4, 2024 13:03:00

Missed much at all. we don t hit on our hands. try telling that to americans paying the $5 gas that is hurting everyone and summer is just kicking off. we ll see what the president has to say later this hour when he speaks to the afl-cio convention in philadelphia. he didn t have much to say when he was departing other than he will address it with the laib are folks and we re also watching the meeting tomorrow, the fedex pekted to raise rates three quarter of a point. that hasn t happened since november of 1994. bill and dana. bill: hold your hat. griff jenkins from the white house. dana: let s bring in david asman anchor for fox business network. the cost of wishful thinking on inflation is going up, too, first not real, transitory and now the fed will cure it with a ....

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