americans face soaring prices and empty shelves. inflation jumping 7% in december from a year ago. this is the fastest pace since 1982. consumers pay more for everything from gasoline, two groceries, you name it. those rising costs reduce real wages by 2.4% 2021. the average american worker took a pay cut. let s bring on our pen with wall street columnist dan henninger and kim straw soul. editorial board member kyle peterson. good to see you all. dan, first to you. even some democrats are now admitting inflation is getting worse and it s not going to get better this year. we have james fuhrman who in the in the obama administration saying expect the economy to experience elevated inflation this year. possibly even higher than in 2021. what does that tell you? the dems are saying it s going to be higher. it tells me a serious economists like chase and berman, realizes the
this kind of riots and fires and name calling. those days are over and plenty of room for moderates and independents absolutely. harris: that s an interesting take on all of it. we ll have to see if we can come together as you put it. it is going to take each party doing that. if republicans look across the aisle and say they don t even want to listen to the conservatives in their own party, where does it put everybody else? it puts biden out of a success plan because he won t get anything done. all right, good to see you. merry christmas to you and yours. thank you. harris: prices from gas to groceries are soaring and inflation jumping at levels not seen in nearly four decades. so no surprise, voters now are handing president biden the worst approval rating on the economy since jimmy carter was president. plus biden with a familiar disclaimer before talking with reporters after the big
the european markets at the moment. we re about 90 minutes into the trading day. john defterios has been bringing us up to date with the situation in brussels and the uncertainty surrounding potential changes at the helm of the imf, ecb, et cetera, the euro zone debt crisis, very much affecting the markets. we re currently experiencing a second day of declines for the euro zone so far this week in terms of equity markets. the ftse 100 is one market we ll show you now. it s down by 0.15% at the moment. we had british inflation figures, 12-month inflation jumping to 4.5% for the month of april. do remember the bank of england, governor mervyn king said a couple weeks ago he said that inflation across the british isles could peak at 5%. not good news at all. this continues to be very much an underkrun at cross
last night, the irish police received a warning about a device which would be on some form of public transport. it was discovered on a private bus just outside dublin. the passengers were evacuated and the devices made safe after about two hours. it was defused. this can is coming now three hours before the queen is supposed to touch down at the girng of a four-day states visit. this is the largest security operation in the history of the irish state. some 10,000 police and army are guarding various roots and vantage points around dublin city and beyond. there is a serious disruption to commuters trying to travel into dublin to work this morning. they ve been asked to use only public transport. the government is hoping that this visit will do so much for the country of ireland in terms of tourism and relations between britain and ireland that they re hoping the irish public will be able to forgo the disruption to their lives over the next few days. thank you. those are th
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