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FOXNEWS America Reports With John Roberts Sandra Smith July 7, 2024

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 release ....

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FOXNEWS America Reports With John Roberts Sandra Smith June 4, 2024 18:01:00

Making moves to help solve the baby formula shortage, other democrats are asking what took so long. and overseas, a different set of problems awaits him. i m john roberts. gillian: gillian turner in for sandra smith. another sobering thought, $10 a gallon could be possible in the not so distant future. john: some owners are reprogramming pumps to add another digit to the displays. the track we are on points to that. national average 4.58. and analysts warn it will only get worse as we head into the busy summer travel season. meanwhile, the biden administration under political pressure from a nationwide shortage of baby formula. the president finally invoking the defense production act. that s it. searching for the word production, to speed up ....

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FOXNEWS America Reports With John Roberts Sandra Smith June 4, 2024 18:34:00

stagflation. and we are seeing growth coming down and inflation remaining high. john: too late, a done deal, stagflation is on its way back. that according to a former obama economist. gillian: stagflation being an unusual condition the u.s. economy found itself in during the 1970s. john: and treasury secretary hinting at the same. let s bring in larry kudlow, host of kudlow on fox business. larry, good to spend time with you. where are we going and how do we stop as the new york post put it in their cover page today, the biden train wreck? larry: unfortunately, the biden train wreck he has brought upon himself continues. look, john, and gillian, when sandra was here, i ve been talking about stagflation for quite a time. ....

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FOXNEWS America Reports With John Roberts Sandra Smith June 4, 2024 17:25:00

Military, the defense budget, their cost of fuel is in the billions of dollars over. we are seeing it in military construction, bases and repairs and other things. we can t afford, the budget is going backwards. john: you are seeing it when you put gas in your car. so i mean, we are seeing it across our national security apparatus. john: and baby formula. as the dad of a 4-month-old, we have been scrounging for months and the consistent theme, the biden administration from afghanistan to baby formula to inflation has no plan back, you know, on their back foot, how do you go to the largest baby formula manufacturer in the country, responsible for 50%, shut them down and then kind of walk away until it s a crisis. so gillian: do you think the defense production act is the right move now? now, but like so many other things, too little too late, and ....

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FOXNEWS America Reports With John Roberts Sandra Smith June 4, 2024 17:19:00

Charged of killing a man, he said he was sorry to the widow. moscow calls it a sham. and mariupol in the steel mill surrendered to the russians, essentialing ending the siege. and some more might face war crimes from russia. and while fighting continues to rage there in the south and the east, u.s. embassy was open for the first full day of operation since shuttering before the russian invasion in february. other embassies in kyiv had already either already opened or are opening. and just in the last minute or so, john, from our ace congressional reporter chad pergram, the senate has passed a very important bill, $40 billion boosted from what president biden wanted for aid for ukraine, a big chunk of that ....

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