reporter: like nearly every city in america, denver is struggling with skyrocketing inflation. rents have jumped 20 40, even 50% and more. our nbc station 9 news met gabby reese, whose landlord just raised the rent from $1600 a month to $2500, up 56%. just a feeling of panic because the money doesn t exist. reporter: with family budgets under extreme pressure, concern that the economy is in jeopardy tom, the stock market slide is very concerning for anyone who s invested what do experts say? reporter: well, the s&p is where it was in march of last year, and experts say it s really going to depend on whether the fed can avoid a recession. if you are at all considering selling, experts say talk to your financial advisor, your investment advisor don t do anything on your own, lester tom costello, thank you. desperation is growing tonight for those families still trying to get their hands on baby formula as the shortage becomes even more
president biden returns from a weekend getaway and addresses the united nations dental simile. kevin corke taking a closer look. good evening. is the old saying goes, when it rains it pours and in the case of the biden white house from day-to-day teams like they are careening from crisis to crisis. not necessarily uncommon for a new white house, for this it administration it seems especially so. most americans return to work after the weekend at 9:00 a.m., joe biden today sauntered into the white house at around noon, or reflection perhaps have been weary week past and the promise of more political potholes he had to come. consider the ongoing border crisis. botched booster shot rollout, surging inflation and a stock market slide to say nothing of the looming debt ceiling standoff. followed over the deadly drone strike and americans left behind
trying to spin the president s words, saying he regrets not raising the tariffs higher, even though that was not at all clear from his comments. still, despite the president s positive words, there are clear signs of division among allies over trade and foreign policy. the european council president began the session warning of a recession from escalating trade wars and saying this is the last moment to restore unity among world leaders. this all comes after a week in which the president triggered another stock market slide with a single tweet and escalated the trade war with china. let s go right to france now and president trump s top economic adviser, larry kudlow. larry, thanks for joining us. thanks for having me. appreciate it very much. so the president said he s having sect thaudz about escalating the trade war. why? well, look, if i can reinterpret that, i mean, he spoke to us. he didn t exactly hear the question. actually, what he was intending to say is he always has s
president expressed second thoughts about the trade war with china. you have second thoughts about the trade war? i have second thoughts about everything. the white house is trying to spin the president s words saying he regrets not raising the tariffs higher, even though that was not all clear from his comments. despite the president s positive words there are clear signs of division between allies of trade and foreign policy. the european council president began the session warning of a recession from escalating trade wars and saying this is the last moment to restore unity among leaders. this all comes during a week the president triggered another stock market slide with a single tweet and escalated the trade war with china. let s go right to france now and president trump s top economic adviser larry kudlow. larry, thank you for joining us. thanks for having me. appreciate it very much. so the president said that he s having second thoughts about escalating the trade war.
disapprove of trump is economy isn t on there. if you change that to a weakness, it could be big trouble for him and that s why right now the president wants to pump up the economy. i think also there s only so there s only so many fingers you can point at the fed. every answer to any stock market slide from the president, every time, is the fed. by the way, which is run by the guy that he chose to replace jerome powell. the buck has to stop at the president s desk. harry truman had something right there. if you ask in polling who do you think is responsible for the president, overwhelmingly they say the president of the united states. if all of a sudden the economy takes a turn to the south, the blame is going to go back on him. if i were looking at these numbers, i would say the president is a slight underdog for reelection, but if the economy went south he would be a major jurnd dog. thank you, my friend. let s talk more about this,