Inflation Versus News Today

he joins us to talk about possible solutions, all new at 2:00. >> sandra: welcome back as "america reports" starts hour two. still in shock, not one student at that school reading at grade level, that should be a four alarm fire for most and a big red flag for the district, john. >> john: absolutely, looking forward to hearing from him in a few minutes. john roberts in washington. also new, young americans falling behind on home ownership, financial independence, even a full-time job a...

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Than 4%, certain sectors like hospitality and leisure and construction hit the most during covid, they are up in the double digits. so, yes, disconnect. that being said, we still have high inflation. we are still north of 4% and in some areas -- >> sandra: we are at 5. its a fifth of what we are discussing, go ahead. >> yeah. i mean, we are still not near where the fed is looking to go, which is 2, 2.5%. so with that respect, higher rates coming, and i think that that impacts a lot of credit, th...

Inflation in america. "the new york times" with its headline, inflation versus recession. the fed is walking a tight rope. >> apparently putin controls the fed as well. this is ridiculous. the one thing that americans hate more than presidential incompetence is presidents lying to them. this is just a boldface lie. he says, that gas prices are up because they have gone up $0.75 since the war in ukraine. they are up a dollar 85 since he took office. where did the other dollar ten come from. even ...

Stuff? >> any government agency collecting data is out of date. you have to look at the numbers and what is making the positive number. if you look at april retail sales, which were good, the numbers came in for food and beverage, gas stations, apparel, areas that are getting hit by inflation versus volume. the numbers are artificially positive. theyre just gaining because its costing consumers so much to buy the products. >> neil: all right, so now we face the situation where you see double dig...