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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. t ....
regions, is as unique as the people and their past. the creations of famous tuscans are known the world over. michelangelo, i think if he were to come back today, he d be able to walk around florence. it hasn t changed. but it s the hands of the ordinary people. chef: we fold it like this. .that have crafted the incredible food here. it s like a christmas in your mouth, yeah. this is a place built on human ingenuity, mind-boggling riches and an insane amount of bread. i really don t know how they eat this much bread. it s delicious but so hot. all great love affairs start somewhere. and for me. my love of italy started right here, in florence, when i was just 12 years old. that s delicious. you have to taste that. like this tartlet filled with rice pudding, i mean, come on. there s always something wonderful to discover in florence. the city is the capital of tuscany. 500 years ago, it was the playground of some of the richest families on earth. in the countryside, th ....
i m stanley tucci. i m fascinated by my heritage, so i m traveling across italy to discover how the food is as unique as the people and their past. the creations of famous tus cans are known the world over. michelangelo, come back today, he d walk around florence, it hasn t changed. but it s the hands of the ordinary people that have crafted the incredible food here. it s like christmas in your mouth. yeah. this is a place built on human ingeniuty, mind boggling riches, and an insane amount of bread. i really don t know how they eat that much bread. all great love affairs start somewhere. [ speaking foreign language ] and for me, my love of italy started right here in florence when i was just 12 years old. like this tartlet or rice pudding. come on. there s always something wonderful to discover in florence. the city is the capital of tuscany. 500 years ago it was the playground of some of the richest families on earth. in the countryside, they used their land to ....
significant escalation in a criminal investigation stemming from giuliani s dealings with ukraine because it means a judge would have had to approve a search warrant on the basis that it is reasonably likely a search would turn up evidence that a crime was committed. this obviously is a major developing story. we re going to bring you the latest on what we know, the facts in just a moment and try to keep the punditry to a minimum. in the meantime we are just hours away from president biden s first address before a joint session of congress and his 99th day in office. this news will obviously kind 6 at least overshadow things here in the district a bit if you will in official washington as everybody sort of hand wringz and speculates about giuliani s future. here s what we can tell you about the speech tonight. nbc has learned the president is planning to focus on racial justice among other things. he s also going to tout his administration s success in his goal avenue c ....
president biden. it could add, this is very good news, millions more vaccines to the market just at a time when new worries are surfacing about covid variants and the risks that they could push the number of new cases back up again. we cannot be resigned to 70,000 cases a day. 2,000 daily deaths. please hear me clearly, at this level of cases with variants spreading we stand to completely lose the hard earned ground we have gained. let s get right to it and bring in dr. michael osterholm. doctor, what is your reaction to this news? have you ever seen two major competitors merck and j&j join forces for one mission? well, i haven t seen anything quite like this, stephanie, and it s very good news. i congratulate the companies and the administration for helping make it happen. we also have to realize it will still be months before these vaccine doses will be rolling off the assembly line from merck but it s very good news. what could that mean for vaccine supply? ....