hello. i am dana perino. it is 5:00 in new york city and this is the five. embattled harvard president resigning as the leader of the most powerfuel ivy league school in the country. it took her disastrous testimony before congress and 50 allegations of plagiarism to end the shortest presidency and the university s history, just six months. she dihed not mention eithern a statement but seems to imply racism was a factor in herctor ouster. she said it was frightening to be subjected to personal attacks and threats fueled by racial animus.an it started when she could not answer this question in front oe congress. the answer is yes, that calling for the of violates harvard code of conduct. i it depends on the context. it does not. the answer is yes and this is why you should resign. her stepping down as only the beginning. we have seen a failure ofdine leadership from claudine, but also a failure of academic integrity, which is ahe cornerstonre of any institution.
us with details surrounding the nightmare that is joe biden . 1600 pennsylvania avenue, eight fifty seven a.m. they call the lid on the day tid joe was done. he washe tired h.ad a he just got back from vacation and visit castles anyway. today marks the one hundredths h day thaty that kevin mccarthy hp been speaker. we we will remind yor.u of you the promise he made to becometh speaker and we will tell you the promises he has kept. we are going to hold elected officials accountable. pluss acco, we will talk to thet one , mark levin. fans here about the bidenans family business. it is not just not r who turnsy sell a profit by selling access to pops and giving his income lr to pops. we haveae new developments tonight that are hugatews.e. w we ll break that news.io also, jimmy fallon, kayleighn mcenany there will be here in studio with more on the panic, i the full blown panic at budweiser and anheuser-busch as sales now plummet evenen further. s we ll have full analysis, by th
away from 20% of the highs, definition of a bear market. welcome. i m neil cavuto. this is your world. it was a selling world all this week amid concerns that inflation is rocketing, the fed is hiking rates and the economy could be slowing dramatically. its been so weird this week. because remember the reaction the markets had to news that jerome powell at the federal reserve was going to start aggressively hiking interest rates. a 75 basis point hike earlier this week. the highest since a fellow named bill clinton was in the oval office in 1994. that was then. concerns that he will have to do more of that right now. doesn t jackie deangelis know it. taking a look at the week that is now done. jackie? good afternoon, neil. even with this mixed picture at the close today, it was a sell button dominated wall street week. take a look at the major three averages. it was a sea of red. year to date, the markets have been pummeled. the dow and the s&p 50 oh sorry. the nasdaq a
disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too much,
washington tonight. as always thanks so much now,g us now. s desperate to stop the maga express, the biden campaigmoreno tried out more slogans than leo dicaprio is trieriedd outg to 22 year olds. we re going to build back bettebetter.r. we have to. webeca must weuse will becausec who we are. canadian comics aren t making fun of biden comicsnd anymore, but thinking maybe it works to build from the middlep. out in the bottom up. en h january 6 happened when he unleashed an insurrection. ay now he s running again and is clearly unhinged. it s e let me tell you about this a ultra maga agenda. mit s as most maga things are. oc is any of that landing? well, while the national headsoo to head polls are tightening a bit historically, this is some the best swing state see polling that donald trump han.s seen. he s leading in five key t battleground states in the elusive pennsylvania. and whoa, check biden s approval ratings in some of these states. % in36% in arizona, 35%