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that hearing is young way right now in texas. the house homeland security committee is holding a hearing on protecting the southern border. democrats were supposed to be there before they backed out suddenly earlier this week. the hearing comes after more than 1,000 migrants rushed across the texas bridge and smugglers are going to new depths to hide things in plants even as they try to evade the border. we ll have the latest from the border coming up. sandra: from the hearing as well. we begin with this fox news alert as the stock market right now in the u.s. has fallen to its lows of the session over growing fears on whether the president can meet the moment to protect the u.s. economy. big questions are looming at this hour. we will dig into it. hello and welcome, everyone. i m sandra smith in new york. john, good to be you. john: always something. john roberts in washington. this is america reports. credit suisse their shares heading to an all time low, trad ....
get out the dictionary. we ll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let s get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-u ....
Climate risk and you heard about the pronoun discussion and training that s going on at the pentagon. we need to be focused on competence here. regardless of what the top line budget is, we need to take a very deep probe into what it will take to stay ahead of and to continue to outcompete communist china. john: senator, good to catch up with you. thanks. sandra? sandra: that is joe consha. the first federal major abortion case since the supreme court struck down roe v. wade. the ruling could come as soon as this afternoon. how a judge s decision could put a stop to sales of an abortion pill nationwide. john: fox news digital reporting exclusively another well known republican could be eyeing a run for the white house. we will tell you who it is and get reaction coming up next. we need to make the party bigger. no matter who the candidate is, we have to bring independents back in, the disenfranchised ....