one of the factors driving inflation is this nationwide labor shortage. it continues. take a look at these brand-new job numbers. a mere 128,000 added jobs to the private sector just last month. this is less than half what was expected. it marks the slowest growth since the start of the pandemic. bill: if that doesn t make you feel better this won t, either. gas prices hitting another record high, $4.71 a gallon. we have hit a daily new high almost every day over the past month. sandra: people are feeling it. president biden saying there is no near-term solution to the problem and now the head of a major american bank is forecasting disaster. it is a hurricane. right now it s sunny, things are doing fine. everyone thinks the fed can handle this. that hurricane is right out there down the road coming our way. we just don t know if it s a minor one or super storm sandy. bill: north lawn of the white house, a lot of fires to put out there. jacqui heinrich begins our day.
they also say it is not likely to improve for a couple of more months yet. the fda force evidence to shut down an abbott plant in michigan in february. the out of stock rate for most formula manufacturerers and brands nationwide is up to 70%. listen. [inaudible] white house press secretary dodged repeated questions over why the president was not briefed up much sooner. leadership in the administration they said you don t have that time frame. i just don t have the time frame to share. what i can say is the white house began working on this from the first day of the recall. from day one of the recall, which was back in february. the president said he did not understand how bad the issue was until april. perhaps the wasn t aware of the work going on in february. the president has multiple issues and crises at the moment. just this morning the white house is launching a website. it s white house./formula to show the american people what the white house is doing to stoc