for the fed. they feel it could trigger a recession. john: gasoline prices record for the 10th straight day. average price now 4.58. and the cover the new york post summing it up, a picture of president biden riding a train right off the rails next to the words joe s train wreck. bret baier and larry kudlow will join us to break down the economic head winds facing the white house. gillian: jackie will join us in a moment, but first aishah hasnie at the white house. what is the messaging on the economy. we are waiting to find out, the president departed to east asia, and ten days in a row we have broken a record for gas. every state is spending more than $4 a gallon. households spend $5,000 a year. it could get worse. prices will surpass $6 nationwide by august. and get this, a gas station chain called 76 reprogramming pumps in washington state to sell gas at $10 a gallon. that s unbelievable. the white house responding to all of this by saying it s already released oil
deep recession. from where i sit, the market is really semi frozen. this is the worst downturn since the dot-com crash. you think we re headed to a recession? we re certainly heading certainly a very high risk factor. martha: yeah. gas prices $4 a gallon, it s never happened where every state has had that price. the markets get closer to full bear territory here, to the 20% decline from the highs. david asman and lauren simonetti, the best brains of fox business are here to tell you what this means and how long this will go on for, maybe. they ll look into their crystal ball. first, aishah hasnie live where they re dealing with all of this or trying to anyway at the white house. hi, aishah. hi, martha. so the president unfortunately left this morning for his east asia trip with without really talking about any of these crises across america. really without offering any new solutions. so this is where we are right now with gas prices. this is the tenth day in a row
reputation won t rebound as quickly as once thought once the dust has settled. john: so you re taking away the mcdonald s brand. you have a franchise of restaurants that will be called what? i don t know. i guess the food will still be delicious and nutritious. john: there you go. as always. that s what my kids tell me. thanks for joining us. i m john roberts. see you tomorrow. i m gillian turner in for sandra smith. set your dvr so you don t miss a minute of america reports. the story with martha starts right now. martha: good afternoon. i m martha maccallum. so this brutal headline greeted the president of the united states if he happened to see it this morning. now it will be his job to try to keep the country on track among the growing worries of transitory of inflation and a soft landing. the united states appears to be headed towards a potentially