Interest Rates Exploding News Today

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...

Months of supply. you would expect builders to make up the conference but thats not happening. housing starts were down for april for the second month in a row, interest rates exploding, builder sentiment, get this, down for the fifth month in a row. >> with overall inflation you have builders having to pay more to get capital to buy land and improve it and youve got consumers having to pay more for the mortgage at the end of the process. its just -- its a perfect storm thats really taking us ve...