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$4000 a year in income since the president took office. lucas tomlinson s life for us in wilmington, delaware with the very latest, lucas. good afternoon aishah. the dow is down below when present biden took office inflation is up 40 years i the s&p 500 is down 17% this year for president biden s top economic advisor acknowledging the squeeze many americans are feeling. food prices are to hyperinflation is still too h high. the president understands that because his whole focus is defending working families. he knows even with the stronger job market, lower unemployment, he knows of people getting hurt at the grocery line. and present biden took office, inflation was not just 1.4% rate today it is 8.3%. it was already at 7.9% when russian forces invaded ukraine as you can see here. more than half the country says inflation is causing them financial hardship and heartburn. one in four american families are cutting back on spending. some even going down to two meals ....
in dozens of counties there as tropical storm ian strengthens in the caribbean. and president biden spending the weekend in delaware after he addressed the national education association, nation s largest teachers union. we have live fox news team coverage for you on all of this. lucas tomlinson is in delaware with the president. fox weather s matt gordon in florida as residents there prep for a possible hurricane. but first to alexis mcadams live at the border in eagle pass, texas. alexis. reporter: hi, arthel. we are learning new details about the migrant who crossed into the united states illegally and is now being charged with a hit and run crash that a killed that sheriff s deputy. we re learning that the first time he crossed here into the united states it was right here in eagle pass, texas. take a look at your screen, this is a mug shot we got in just a short time ago from that county out in florida. now charged with leaving the scene of a fatal crash after in ....
that for the second time. and president biden spending the weekend in delaware after he slammed the gop s new commitment to america plan. it was a speech that he gave to the nation s largest teachers union. we have live fox news team coverage on all of this. alexis mcadams is at the southern border, lucas tomlin tomlinson in delaware with the president, max gorden in florida as the residents there prepare for a possible hurricane. but first to adam klotz in the fox weather center on what s going to turn the sunshine state into a wet and windy state soon. adam: hey, eric. yeah, you re absolutely right. this is the system that s making that move, still a tropical storm as we speak. winds at 45 miles an hour, drifting off to the west at 16 miless an hour. warmer water fuels the system, so as it lifts into the gulf of mexico, it starts to really strengthen. this is going to time out, our forecast cone of uncertainty here. you see beginning to approach the gulf of mexico no ....