1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearly trip that will today. some perspective on time and prices. lower and slower back then. faster and out of control right now. we are all over it with lydia hu at a new york city supermarket on how folks are holding up. hillary vaughn on capitol hill where democrats and republicans are digging in. edward lawrence in jerusalem on if those inflation numbers are weighing the president down. why house economic adviser jared bernstein on what costs he sees no longer going up. welcome. i m neil cavuto.
Week for the economy. The brexit vote, yellen on capitol hill coming up. Redstones made their big move last week, the latest on viacom and the nearterm future of a company that could come down to a Court Decision in delaware. And big weekend for disney. Some Box Office Records and game seven as you know for the ages. First up though stocks rallying around the globe on hopes for an antibrexit vote on thursday. A new poll by survation says 45 remain, 42 leave, but if you take all the polls together, still about a dead heat. Earlier this morning on squawk, black rock on the markets as we count down to thursdays vote. I think youll see more fiscal policy stimulus. If thats the case i do believe well see more inflags because we still have 4. 7 to 5 unemployment. Going to create more job demand and more wage inflation. If we have these infrastructures spent here in the uk, other places, i believe thats the beginning of another leg of a rally for equities. Definitely shows the hypersensitivit
A morning news show that includes interviews, features and banter among hosts. Pete and barack obama as well. That kind of anemic growth is the new normal. And a lot of economists said that as well. Griff, you brought this up. You should get credit for this. I will read it one of our reports in October Of 2016 cnn surveyed 11 economists on whether the economy would ever reach 4 g. D. P. All said no. Quote one economist his name is Robert Brewska he said pigs do not fly. Trump donald trump is dreaming that it would get to 4 . Breaking news this morning, pigs do fly. They actually do. [laughter] because we hit 4. 1 . If its on the folder its got to be true. Think about it, economists and everyone in the establishment said no, no, no. 4 cant happen. We are managing americas decline. We are a second rate power. Our economy is stuck in the mud. Trump said no we can unleash it again. America can be great. Economic engine of free market works. Abby we are still dealing with this. Griff the Pl
A look at the days news and headlines. At low containment. Bill its a big job. Probably something we deal with all week. Thank you live in redding, california. Sandra President Trump raising the stakes in the battle over the border wall threatening to shut down the government if he doesnt get the funding he has been demanding. The President Firing off this warning a short time ago tweeting quote, i would be willing to shut down government if the democrats do not give us the votes for Border Security. Which includes the wall. Must get rid of lottery, Catch And Release, etc. And go to system of immigration based on merit. We need great people coming into our country. Doug mcelway live at the white house this morning. Doug, an interesting tactic to see a republican president embracing the prospects of a Government Shutdown. It sure is. History has shown that whenever there has been a Government Shutdown in the past it is the Republican Party that takes the blame for it and in the aftermat
Threatening to shoot on the government unless congress provides money for the wall. The threats have been frustrating for Congressional Republicans who are trying to avoid a shutdown, right before the midterms. But tonight, President Trump said things that will only make them even more nervous. We got 1. 6 billion, and weve started large portions of the wall, but we are going to need, even the way we negotiate, we are going to need more, we are going to get more, and we may have to do some pretty drastic things, but we are going to get it. President trump also sent a significant portion of tonights speech defending his Trade Policies and tariffs. Hes been taking heat after chinas retaliatory tariffs have hurt u. S. Farmers, so much that his administration announced a 12 billion aid package for farmers. Speak at our farmers are true patriots patriots. Because china and others have targeted china and others
democrats should embrace talk of impeachment and its not something that will mot