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time here. here s the good news. we re six months through this. here s the bad news. get ready for six months more of this? welcome, everybody. i m neil cavuto. we begin with lauren simonetti on what happens and what could be coming next. hi, lauren. neil, let me take you back to january 4, 2022. that was the high of the year. dow 36,799. just a few days later, the blue chip average fell over 1,000. that is ringing true this year also.so the day russia invaded ukraine, february 24, the dow went to 33,223. the seventh official correction mark ago 10% decline from that january high. investors paused. spring didn t seem so bad. the war did. commodity costs, they climbed even higher. the federal reserve started to take more drastic action. they raised the rate 50 basis points may 4, a steep sell-off on wall street right after that. so investors started to think, oh, 50 basis points. maybe that s not enough when consumer prices surged 8.6%. we found that out june 10th. inf ....
greiner pled guilty to bring in vape cartridges to moscow. she gave an emotional apology saying she s made an honest mistake. i want to apologize to my teammates, my club. it s my mistake and embarrassment. i never meant to hurt anybody or to put in jeopardy the rest of the population. i never meant to break any laws here. russia is backing china as it launches its largest military drills ever near taiwan. firing missiles just off of the coast of the island. general jack keane will joins us on that in just a moment. but first, let s bring in michael waltz, a former green beret commander. he now serves on the house armed services committee. congressman, the russia experts all say the same thing. this is one woman, one person that got caught up in the u.s.-russia relationship and being used as a pawn. this is another way for russia to try to stick it to the united states. yeah, absolutely. this is brinksmanship at its worse, this is what our adversaries try to do, t ....
the question is whether or not these candidates want joe biden, the president, to try to help them out in these races. watch this. would you want president biden to come to arizona and campaign with you? hey, i ll welcome anybody to come to arizona, travel around the state at any time. as long as i m here. that s not an open invitation to president biden to come and campaign with you. martha: lack of enthusiasm there. the economy remains a top concern for many voters. most americans in this nbc poll say that the country is already in recession. that number is 68. then it combines 71% say that more spending under this new inflation reduction act is likely to make things worse or make no difference in their lives at all. we have insight this hour from karl rove as far as the election goes and how that plays in to the mid-terms. first, let s go to the white house with jared bernstein. happy monday to you. dow down about 700 points last time i checked. a lot of conc ....
i m charles payne in for neil cavuto. this is your world to peter doocy on how the white house is dealing with this. peter? communist china still wants taiwan to be part of communist china. that means speaker pelosi s words on the ground have upset them. in terms of governance, we command taiwan for being one of the freest societies in the world. well, the chinese official is writing the u.s. must pay the price for its own mistake and we mean what we say. that has g-7 leaders now saying we re concerned by recent and announced threatening actions by the prc, particularly live fire exercises and economic coercion, which risks unnecessary escalation. even though speaker pelosi s time is done in taiwan and republican leaders have said she was smart to go, the white house won t say what they think of the trip one way or the other. you think it was good that she went? here s the thing. what we re saying is that we cannot dictate and we will not dictate where membe ....
transportation fund. he says he s reduced the deficit by 1.6 trillion, so there s room. to the companies running gas stations and setting those prices at the pump, this is a time of war. global peril. ukraine. these are not normal times. bring down the price you re charging at the pump to reflect the cost you re paying for the product. do it now. do it today. the president not changing any of his policies. the votes may not be in congress to do what he wants. i m willing to embrace his proposals for a gas tax holiday. i don t know whether we ll get the votes it needs here in the senate. i m talking to my colleagues. nancy pelosi has in the past criticized a gas tax holiday. the senior policy director for the committee for responsible federal budget is concerned that the $10 billion hole would grow as pressure would keep the gas stacks suspension even longer than three months. listen. at best, this will reduce the inflation rate by 0.1%. as soon as the holiday ....