call xi told the president quote, those who play with fire will perish by it. speaker pelosi said to be heading to the region today. not clear if she will make a stop in taiwan. we expect to hear from her in the next hour. meanwhile, the u.s. and china agreed to plan an in-person meeting between the two leaders. this despite beijing s failure to stop the flow of fentanyl from china into the united states. not to mention its reported targeting of the federal reserve and buying up real estate near u.s. military basis. bill: team fox coverage. greg palkot, the latest on the trip to the region for speaker pelosi. let s begin on the north lawn today. good morning. the white house agreeing to a face-to-face between president biden and president xi after the two leaders talked their longest conversation yet, two hours and 17 minutes. critics say kind of an odd thing to do after a death warning according to chinese read-out. xi told biden those who play with fire will perish
who can t afford it. martha: the dow is up a lot on that news. in less than 24 hours, we ll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi s trip, it s a red line for them. china recognizes obviously china believes that taiwan is part of china, that it s not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip, the speaker said this. i never talk about travel. it s a danger to me. so why is the white house trying to dissuade this trip? we ll ask john kirby about that. he joins us in a few moments from there. first, to gillian turner covering this story for us today. it s a story that keeps moving all throughout the last couple hours, gillian. what is the very latest? martha, this just in. the secretary
kind of stuff goes away. the white house says they deny a recession is coming. listen to this exclusive video that we just got in from fox digital. watch in. have you checked gas prices lately? have you checked interest rates? we re in a recession. prices are going up, employment pay is not going up as fast. know that a lot of us will be able to enjoy. we ll have to work to be able to pay bills to live, to eat. i think we re in a recession. interest rates have gone up, up, up. the economy seems to be slowing down. the price of cars is unreal. if you can get one. martha: that s pretty good. these folks have it straight. we ll talk to glenn youngkin, the governor of virginia where the interviews were done. he s coming up. white house correspondent edward lawrence reporting live from the north lawn. the consumer sentiment is critical as economic data comes out. more americans are pessimistic about the economy. the lowest level since february 2021. the current preside
nation is officially in a recession. something many experts have predicted was coming. john roberts in washington. happy monday to you. sandra: i heard booming thunder here in new york city as a storm rolls in. welcome, everyone. i m sandra smith in new york, this is america reports. it has now been four days since the president s positive covid test. his doctors say he s doing well and symptoms are almost completely gone. all of this as the white house and president biden s team prepares for another fight. an efforts to redefine what actually constitutes a recession. john: treasury secretary janet yellen says a second quarter of negative growth in the g.d.p. will not indicate recession but does admit the economy is slowing. josh is here on this, and more noise about biden s 2024 candidacy, that s coming up in moments. sandra: peter doocy at the white house, what do officials expect from this week? are we in a recession or not? peter: sounds like, sandra, they are