points today. the numbers are dismal on the economy and the reality is, too. i m harris faulkner and you are in the faulkner focus . let s take a look at the dow. again, this has to do with how investors feel now. we dipped into bear market territory. we re no longer running with the bulls and while we don t talk all that much fancy talk on the faulkner focus in terms of money, what it means is your nest egg that you may get through your 401k on your job is not doing what it should be doing right now. don t plan to retire tomorrow. the experts are saying as well that investors are nervous because they can t figure out what s coming next. they know that this could be a predecessor for a recession and a pretty strong one. and that this is happening much more quickly than what the white house and the biden administration had promised america. the treasury secretary janet yellen recently apologizing, as if that would matter. we need action now. what does that look like? the fe
bear market territory. the federal reserve could boost interest rates by .75 point to try to time inflation that has the cost of everything rising. gas is still hovering above $5.00 a gallon nationwide, getting close to $7.00 out west in california. an estimate from moody s shows american households are spending about $460 more per month on necessities than they were one year ago. that means more families are having to make tough decisions just to get by. there s no way. it s cheaper to fly. it feels like you can t catch a break. it s difficult to save up for the things i do need in the long-term. we ll have more on it in a moment as well as the january 6th committee s next public hearing. it was scheduled for tomorrow. it was abruptly postponed. next steps in the senate on new gun legislation, when we could see actual text of a bill and most importantly a vote. we are going to start with the president s address genny moment now, and the economic realities that the coun
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what you ve done for me, but how importantly it meant to me and to the country, to our country, what you ve done for the country. i want to thank liz for being such a good friend, the first woman to lead the afl-cio. born in a union household, started out as an organizer and she never stopped. congratulations, liz. congratulations. and congratulations to fred redman, secretary treasure as well. i hope your daughter-in-law knows she s marrying into a union family. anyway, it s bittersweet for all of us. rich was not only legendary labor leader, he literally was a close friend to me and to so many of you, a true friend.
me and to the country, to our country what you ve done for the country. and i want to thank liz for being such a good friend for so long. the first woman to lead the afc, cio. [applause] started out as an organizer and never stopped. congratulations, liz and congratulations to fred redman the secretary treasurer as well. [applause] i hope your daughter if law knows she is now into a union family. anyway, look, i know this is bittersweet for all of us. it is the first convention without rich. he was not only a ledgerary labor leader he was a close friend to me and so many of you, a true friend particularly there when things weren t going well he was always there. above all, he was an american