i m charles pain in for neil cavuto, this is your world. to greg palkot in london. greg? taiwan is under fire or the area around it. it all follows that high profile visit by speaker pelosi. china conducting unprecedented long range live fire precision missile strikes on a variety of targets in the waters nearby taiwan. the drills are the biggest held in that region according to that stop. china claims taiwan as its own. some of the six target zones are as close as ten miles to its coastline. missiles flew over the island before splashing down. exercises include ships, planes and drones. officials are calling this irresponsible. an invasion of its territorial space. earlier today, we heard from john kirby. he said the u.s.s. ronald reagan carrier group woe remain in the region to keep a lid on things. here s more of what he had to say. china launched 11 ballistic missiles towards taiwan which impacted to the northeast, the east and southeast of the island. we condemn th
john: dow down 807 points at this moment. unfortunately, few people surprised by the new inflation data, confirming the pain at the pump and sticker shock. hello, john roberts in washington and happy friday to you. and happy friday to you as well, john. good to see you. anita vogel in for sandra smith. prices soared 8.6% from a year ago, highest in four decades as rent, energy and grocery prices continue to surge. another record high for gasoline prices as the national average edges ever so closer to $5 a gallon. anita: fox team coverage starts right now. karl rove on president biden s response to the economic crisis and a closer look at how much americans are paying at stores. john: but first, jacqui heinrich is travelling with the president live in los angeles. what is the white house saying they are going to do about inflation, jacqui? we have not heard from the president yet, he s going to speak later about supply chains but the chair of economic advisers says
reports this tuesday, the president is expected to talk, the nations faces inflation, supply chain problems and soaring gas prices, to mention a few. i m john roberts in washington. good to see you again. john: and good to be with you. sandra: raising interest rates since the fastest pace since the 1980s and soaring prices have americans paying more for just about everything. john: the pain at the pump, a big bite of american s wallets, as the cost of gas surged to another record, and the economic woes could worsen. an already backlogged global supply chain. sandra: gene sperling is a senior adviser to the president, he will join us in moments. john: but first, peter doocy live from the north lawn. who is the president blaming for inflation today? peter: somebody else, john, hearing from the president and top staffers they don t think the biden administration policies are to blame for rising prices, they think a lot of the responsibility lies still with vladimir
begin this week as the justice department opens an investigation to the police department. and the president vowing to meet with members of congress about enacting new gun legislation. we ve been i have dealt with more mass shooting aftermaths than any president in american history. it s just so much of much of it is preventible. in a moment, senator rowan gutierrez has this message for my potential school shooters in his county. we re going to shoot you graveyard dead if you come to a campus shooting at our children or shooting at us. we re with jeff paul with more. good afternoon. yeah, trace. the first of many funerals getting underway today as the memorial here in the city of uvalde grows. this is the beginning for the city as they say good-bye to the 21 that were killed and will continue on the next few weeks. if you look at the schedule of these memorials and funerals and visitations, there will be one until mid june almost every day for this city. one of
all these historic gains. during this transition, a word they are using often, growth will look different. we will likely see fewer record job creation numbers ber but won t be cause for concern. larry: it s going to be a cause for a lot of concern, bringing down inflation is not easy. can i go back to the word transition? they started using that last week. mr. biden used it in japan. what he was referring to is a transition to a green economy, the end of fossil fuel. sandra: the quiet part out loud as we were saying. john: defending essentially high gasoline prices. oil is at $120 a barrel today. i want to tell you, any so-called transition to a green economy that ends fossil fuels would be an economic catastrophe. it would be a permanent recession. we couldn t possibly do that or afford that. the job losses would be in the tens of millions. i m not exaggerating, a lot of