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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 joes 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 mes...

deep recession. >> from where i sit, the market is really semi frozen. this is the worst downturn since the dot-com crash. >> you think were headed to a recession? >> were certainly heading -- certainly a very high risk factor. >> martha: yeah. gas prices $4 a gallon, its never happened where every state has had that price. the markets get closer to full bear territory here, to the 20% decline from the highs. david asman and lauren simonetti, the best brains of fox business are here to...

top six bucks this summer and stocks getting rocked with new warnings in america, are we headed for a deep recession. and parents still very frustrated that the president waited until yesterday evening to directly deal with the baby formula shortage. the end result to all this only 25% of americans think the country is headed in the right direction. top republican kevin mccarthy says it has to do with a lack of leadership. >> everything this president has touched, he has failed at but ...

russias invasion of ukraine. well ask the head of the foreign relations committee, senator bob menendez, about whats next for the u.s. response to that crisis. in new york, the suspected gunman in a racist shooting in a buffalo store is in court this morning as they launch a probe into the suspects social media footprint. we begin with the dire situation facing families across the country, the baby formula shortage. the president taking dramatic emergency steps, invoking the defense ...

>> on capitol hill, the fda commissioner pushing back. he was taken to task about whether the fda didnt move quickly enough. >> the united states was facing a supply chain stress before the recall that began in february. the pandemic, war in ukraine and labor supply issues have all had an impact. >> the fact is, food safety is not a priority. whomever looked at that report felt there was no need to respond at all from october to february, until there was a recall. that is a dereliction...

capitol hill as well. they passed $28 million in emergency funding to boost formula supply. thats on the way to the senate. other lawmakers are pitching solutions as well. you think we need a strategic formula reserve, right? they are moving now but this problem has been bubbling for months on a contamination issue shutting down a key plan for formula back in february. robert califf testified this morning that he hopes the plant will be back online in two weeks. practically speaking re...

he invoked the federal production act. that will compel suppliers and manufacturers to boost production and ingredient suppliers will have to deliver to formula companies first before any other customer. president biden is also directing military aircraft and commercial airlines to import formula from abroad, something the fda has long stood in the way of. currently the fda bans most foreign infant formula, not because of health concerns about labelling issues. in the face of this cris...

convinced this kind of crisis can be avoided again down the road. senator kirsten gillibrand live on capitol hill. in just a minute. also this hour, new details in pennsylvania, one candidate pulling in big money since election day. while the count continues on the gop senate race. and new reporting from team nbc on the fallout on that. look at this, more on wall street, the dow pretty flat. the economy is headed towards the "r" word -- recession. here in the next hour, the head ...

a man who attended the rally that led to the capitol insurrection and also now the man who won the republican nomination for the governors race there. he will now face pennsylvanias attorney general josh shapiro in the general election. a lot going on in pennsylvania. so lets go there. cnns athena jones is starting us off live in lancaster, pennsylvania, with more on this deadlocked senate race. whats the latest that youre picking up? >> reporter: you mentioned, were talking about the ...

john fetterman. hes the state lieutenant governor. he scast his ballot from his hospital room before under going surgery to implant a pacemaker. fetterman suffered a stroke last week. scandal plagued congress madison cawthorne suffers defeat despite a last minute lifeline from the tomformer president. >> ive got it pulled up. tchs the biggest race going into the nigh and its the biggest race we dont have called coming out of the night. this is a .2% difference. this important thing t...