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much right at the moment. not necessarily feeling it right now, but in the future, i have big plans. if interest rates go up on the home mortgages, i could be a little screwed there. i m in the corporate world. it s concerning. with the prices going up, we cannot afford sometimes what i you know. so it s hard for me. have to pinch here and there. still living our life. neil: the white house learning what americans knew all along. we re indeed in a recession. the economy pulling back as prices refuse to let up. stocks ignored this and moved up what is really up? we re going to talk to senior economic adviser, gene sperling in just a moment. this is neil cavuto and your world. first to edward lawrence at the white house on how all of this is being digested there. edward? the president confident that we re not in a recession. we re hearing it from everyone in the administration. don t look at the gdp numbers. look at job growth. in fact, the jobs that the a ....
the commons work and pensions committee say vulnerable people will be pushed into destitution. and i in victoria square in the centre of birmingham where the city and the region are preparing to host the 2022 commonwealth games. rail passengers are facing huge disruption after thousands of workers walked out in a continuing dispute about pay and working conditions. only about a fifth of britain s train services are running many areas having no services at all today. the red lines here show the routes where some trains are operating but network rail has warned people to travel only if absolutely necessary. many journeys will many journeys manyjourneys will be manyjourneys will be ending manyjourneys will be ending earlier manyjourneys will be ending earlier than they normally work this evening. our correspondent emma simpson has this report. going nowhere. once again, half of the uk s rail network brought to a halt. at manchester piccadilly some trains were leaving w ....
as parts of europe face a drought, the first in a series of hosepipe bans is due to come into force across the south of england to try and tackle water shortages. the american conspiracy theorist alexjones has been ordered to pay more than $4 million in damages after losing a defamation case for falsely claiming the sandy hook shooting was a hoax. hello, and welcome if you re watching in the uk or around the world. in the uk, the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned of a recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is ....
d.c. for the first time since losing the election and leaving town in disgrace, following the capitol riot. he is about to give a key note speech to a conservative group focused on, of all things, law and order. this morning, former vice president pence gave a speech urging conservatives to focus on the future and avoid looking back. let s begin with the doj investigation. our senior cnn analyst and former u.s. attorney for the district of new york. why is mark short so important to the doj? this is a big deal because for the first time we know the justice department has gotten inside the white house. mark short is the highest ranking person who we know have of who has been subpoenaed to the grand jury. short was the chief of staff to mike pence. we don t know what he said in the grand jury. he won t talk about it. but we do know he talked to the january 6th committee and he had this crucial meeting in the white house in the oval office where donald trump and this law ....
he left town in disgrace following the capitol riot and his election loss. he will be speaking to a group of conservatives and we re told that he plans to focus his speech on law and order. trump returns to washington amid a widening probe by the justice department into the capitol insurrection that now includes testimony from high ranking officials in his administration. mark short, the former chief of staff to vice president mike pence says that he testified under subpoena before a grand jury a federal grand jury investigating the insurrection. short s former boss also in d.c. today. pence delivered a speech and appeared to distance himself from the former president. so i don t know that our movement is that divided. i don t know that the president and i differ on issues. but we may differ on focus. i truly do believe that elections are about the future. and that it s absolutely essential at a time when so many americans are hurting, so many families are strugglin ....