biden, gene sperling will join us. neil cavuto will also be joining us here. first, the story from hillary clinton live at the white house. hi, hillary. hi, martha. when it comes to the state of the economy, president biden does not think things are that bad. he also does not think that any world leaders believe that america is going down the wrong track. they do not think that. you haven t found one person, one world leader to say america is going backwards. i can understand why the american feel are frustrated because of inflation. inflation is high in almost every other country. a recent poll suggests a lot of americans are not happy. a poll says 69% of people disapprove with how president biden is handling the nation s financials. the u.s. inflation rate is not lower but higher than some major economies in the world including italy, canada, germany, france, japan, saudi arabia and china. republicans say the reason for high prices is not a mystery. we know why we
by that, they mean temperatures of 90 degrees or more. let s get the read from mark meredith at the white house. you might recall that mark was whining about this just yesterday. on double duty now. how are you holding up, my friend? reporter: says the man in the air-conditioned studio. neil: i m going to turn the thermostat down a little more. [laughter] reporter: unbelievable. good morning from a very steamy white house. 88 degrees, we re expecting the high to be 97. we also expect the president to stay in the white house isolating. white house says we should be getting an update from the president s doctors a little bit later on today. they re not going to be providing that on camera, however, the white house has been going to great lengths to show that the president is still able to carry out his duties. late yesterday as we were coming on the area for air for your show, we saw the president holding an event with his commitment take, we team, and then at his desk
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
shrinking stocks unfortunately in the pensions. peter doocy on the shrinking poll numbers for a president that just found a new villain for all of this and his name is not putin. welcome. i m neil cavuto, this is your world. a very turbulent world. when it comes to the markets, a lot redder world. how much? to jackie deangelis with more. good afternoon. another rough day for the markets, neil. not for the feint of heart. the markets digesting the rate hike that we saw yesterday and jerome powell s comments and deciding more hikes and slower growth means recession is coming if we re not there already. let s talk about wealth destruction for a moment. the numbers are staggering. yes, of course, jeff bezos and elon musk are not as rich as they once were on paper. investors across america in 401(k)s and iras have seen massive wealth destruction, $3 trillion according to the center for retirement research at boston calculation. 401(k) plans have lost $4 trillion sense the end
going to eke out and get to the war with some aid coming to ukraine, it s hurry up and wait. and that s because of the battle they re having on capitol hill whether it should be tied to border security funding. it s been the battle royale for republicans who insist on it and democrats who say that it shouldn t be part of this. griff jenkins has the latest from eagle pass, texas who are tying this border issue with so many others, griff. griff: neil, good morning. and you know, i am in eagle pass, texas yet again and i have spent more time in eagle pass than any other location on assignment this year because of a border crisis that continues to surge to record breaking levels. let me take you to the drone right here where we are in eagle pass and you can see every day, here we are, you see the buses lining up in the middle there. the migrants. it s actually a group of four or 500, they break them up into groups of about 100 and process them, most of them. i was just over there