inflation keep investors on edge. welcome. i m sandra smith in for neil cavuto, this is your world. a down tour in china s housing market sparking worries over there as inflation is a huge concern here. democrats continue to push for massive new spending plans. the dow diving on the news today. down nearly 1,000 points midday. coming back on the final minutes of trading. finishing off down 614 points. we ve got fox team coverage with fox business s lauren simonetti and what is driving the selling. chad pergram on the spending that has inflation fears spiking. we begin with lauren. lauren, what was it about today? the impetus to sell, not the reason, came from china, sandra. they have a major property developer called ever grand and they have debt due that they can t pay. some call it china s lehman brothers bankruptcy. the white house isn t worried yet. let me first note that this is a company based in china whose activities are overwhelmingly centered in china. that be
cavuto, this is your world. first, to hillary vaughn on where this spending push is coming from. hillary? with all of this money going out the door, the u.s. government says that they need more money to cover the costs or at least more credit to cover it. treasury secretary janel yellen session if congress doesn t raise the limit, they re in trouble. but democrats unveiled their plan for more spending on human infrastructure without plans to raise the debt ceiling. but did include pricey provisions like universal pre-k, a civilian climate corps and a pathway to citizenship. republicans are already blasting it. this is a $3.5 trillion debt bomb launched on society and joe biden s transformation of america. this is a social reformation like we ve never seen before. there s pressure on moderate democrats to make sure that the $3.5 trillion infrastructure plan is paid for, a letter circulating to speaker pelosi pleading with her not to rush a reconciliation package before
still on, but increasingly about doing anything like we used to be able to do, say, in the last couple weeks in city after city, state after state where restrictions are coming fast and furious. we have jackie deangelis talking about the big job impact of this and also susan li on how some companies are feeling the pressure from this and higher prices that they re trying to pass along to you, but night not be succeeding for long. i want to begin with you, jacqui on this employment report that has people wondering, wait a minute. whats going on? before i get there, i want to talk about the covid cases. that s how we ll get to how the numbers impact the market. covid cases rising because of the delta variant. states and cities are handling this surge differently this time around. so in florida, governor ron desantis said he s not going to shut things down or impose a mask mandate. he believes the surge of cases is a seasonal outbreak. also adding that lockdowns have failed ti
the federal reserve for another four years. welcome, everybody. i m neil cavuto. this is your world. confuse right now in the markets as to how bad this variant is and how extensive it could be. 70 countries around the world are tightening travel restrictions. some are entertaining lookdowns of their own. it hit wall street and main street and right now it s a big concern of the president of the united states who is touring a facility in minnesota. more on that later. right now to peter doocy on the fallout and how it s being registered. hi, peter. neil, you talk about fallout and what the president will do next about the pandemic, this is a president who has promised to keep the economy open. we re hearing that officials around here are also keeping their options open. so the travel bans on eight countries from africa might not be all. there could be travel restrictions coming soon. the president s decisions are related to travel decisions will be based on the recommen
she will be our guest. another fox news alert. parents who protest actions taken by their local school boards could soon get a visit from the fbi? the doj announcing that it s mobilizing federal law enforcement to deal with increasing threats to school boards by angry parents. hello and welcome, everyone. i m sandra smith in new york on this tuesday afternoon. hello, mike. mike: the announcement comes as parents are voicing their frustration against the rise of critical race theory in schools and inconsistent covid policies. now the national school board association is asking president biden to consider some of these protests as domestic terrorism. critics say the doj s action goes too far and could be an effort to crush concerned parents. sandra:america reports now. mike: hey, alex. this comes at a time when schools are voting out school resource officers. some wonder if they re more concerned with their own safety over students. in a letter sent to president biden t