China is experiencing a rare episode of sliding prices. Japans economy experienced this back in the 1990s and early 2000s. Now, this comes hot the heels of disappointing china trade data on tuesday, which showed that exports sank at their fastest rate since the pandemic, dropping by more 14 in the year tojuly, with imports also falling by more than 12 in the same period. Joining me now is duncan wrigley, Chief China Economist at pantheon macroeconomics. Thank you very much for being with us today. The Rest Of The World looking on in amazement. Considering the inflationary pressures the rest of us are dealing with. What do you read Between The Lines in this latest data . Between the lines in this latest data . Latest data . Ok, i mean, there are some latest data . Ok, i mean, there are some shortterm latest data . Ok, i mean, there are some shortterm factors i are some short term factors that push down the data for this month, there has been a surge of seasonal vegetables, the big pictu
administration is responding to it. we begin with matt. edward, day after day, we watch as so many of those migrants cross in to the united states right here in eagle pass, texas. we re seeing something unprecedented. the state of texas is bolstering its border here. these cargo containers were brought in before christmas and now over the past two days, we have watched as the national guard has put razor wire on top of those shipping containers. governor greg abbott s office tells us that its taking unprecedented action to enhance its border safety strategies. that s something that we re witnessing in real time here in eagle pass and also to the northwest in el paso where the national guard installed two miles of fencing along the border there. we have new video of yet another large smuggling bust. texas dps says 18 illegal migrants including a child were being smuggled inside of a tractor trailered. the driver was arrested for human smuggling. texas dps says people from al
joined by griff jenkins in washington. good morning. i am sitting in for the amazing todd piro and it is so exciting to the vehicle for fourth of july. one nation, under god, indivisible with liberty and justice for all. this is certainly one of the holidays that i think america should rally around because it is an important one and when a lot of people already partying. ashley: absolutely. and i was able to go to one of the biggest fireworks shows in the country. it was on long island, new york. we will be showing you some of that. some of the highlights. we also have dennis been on coney island because she will be judging the product eating contest. the next few hours are going to one-stop shopping. we have some news to get to. griff: let s get right there. president biden is set to deliver his seventh fourth of july address second fourth of july event. ashley: his approval ratings are thinking. and just a few months before the midterms no less. market is live i
but first to connell mcshane to where you re paying more at the store. bryan: we haven t seen these types of price increases in 40 plus years. anybody that has put together the family barbecue this weekend knows about that. going out to eat at a restaurant, that used to hit americans the hardest. we have seen a 7% increase in an index of what they called food away from home. but it s heading to the grocery store. food at home prices are up by 11%. it s the largest one-year jump since 1980. the ground beef for the burgers, up 16.5%. from 4.10 to $4.92 a pound. chicken, huge increase. the cost of boneless check breast up more than $1 a pound. 36%. we found these concerns almost always are top of mind. prices are gone up. there s so much going on. it s a hot mess right now. all the prices going up. eggs are going up 22 cents. milk is going up. puts a bill on everybody that has a family. higher food prices are not uniquely american, we should point out. the u.n. says the
east coast, 8:00 in los angeles and this is america s late news, fox news at night. breaking tonight, a middle school student running for commissioner of school spirit and patriotism was apparently told his speech could not have any reference to patriotism. we will have reaction. california lawmakers think the answer to skyrocketing retail theft is to put an employee at each self check out machine. kind of defeats the purpose. and a former new jersey gym owner arrested for staying open during covid just won a huge legal battle. but we begin with donald trump s fate now being in the hands of 12 anonymous new yorkers and after deliberating five hours and sending two cryptic notes, the jury was excused back the courtroom confused. nate foy is live outside the courthouse in new york with more on this. good evening. reporter: good evening trace. you mention the jury deliberated nearly five hours today and at the end of court they sent two notes. one has to do with revisiting tes