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Most americans are seeing several hundred dollars in their monthly expenses right now. they knew it wasnt a fake problem. they knew it wasnt transitory or could be this myth. but now the white house is trying to backtrack this. you see this with their move today to announce that theyre doing something about inflation. theyre doing something about gas prices. you know, theyre releasing oil from the strategic reserve, which analysts say wont that much of an impact ahead of the holidays on budgets....

Everybody. thanks for being with us today. see you tomorrow. >> charles: president biden outlining planning to tackle inflation as americans are digger deeper to pay for food and fuel ahead of the holidays. the president says moms and dads are worried, so what stephen paddock -- what is being done to deal with it? this is charles payne in for neil cavuto. david spunt at the white house. >> thanks, charles. president biden said of the rising gas prices "this is a problem." to help alleviate the p...

Telling shareholders that they made billions and then telling the irs that have not made much money. so the idea going back to should we consider taxing more of the rich. again, im not talking about anybody watching here. were talking about multi-trillion dollar companies, increasing their taxes from 21 to 28%. >> charles: so i will point out, exxon mobil lost billions last year. last year they lost $22 billion. stands to reason theyre making more money this year. you think higher taxes will cur...

Democratic economist warned about this. were seeing the inflation play out right now. >> charles: theres no doubt that several democrats have said this is too much money. jenna, with respect to the actions being taken, the 50 million barrels, most folks dont think its going to amount to much. crude oil was up today. the stocks were up today. so this doesnt work, what will be plan b? >> well, i would probably go back to one of the initial foundations of what i would argue is the democratic party ...

The pace from 40 hours a week to 7 day as week, 24 hours a day. no question, this is having an effect with americans. according to the latest fox news poll, president bidens job performance on the economy, 36% approve right now. 58% disapprove. whereas in may of this past year, just months ago, 51% approved of the presidents handling of the economy with 46% disproving. the president hoping that jerome powell will deliver a healthy economy in his second term. powell received 84 votes when former ...

>> charles: thanks very much. meanwhile, gas prices soaring, president biden is tapping to the strategic oil reserve while many americans are tapping the brakes on thanksgiving travel. jeff flock is tracking it all. jeff? >> on the road in new jersey. looking at the question of whether or not the high gas prices have eliminated some people from the holiday travel drive. take a look at the road out of here in new jersey. sparse on this side. back in a moment with a full report. stand by. ♪♪ b...

Especially in build back better. it passed the house 220 to 213. has yet to pass the senate. the names weve been looking at, kirsten sinema and joe manchin. when the president gets back after thanksgiving, expect heavy negotiations. >> charles: the economy and inflation are tops for voters. so does the president have an inflation problem? with me now, sarah westwood, and jenna arnold. laura, start with you. its obvious its a problem. the white house has tried different tactics. first, a high cla...

Replace it than to take it out. >> im not sure this is defined as an emergency. we could replace that oil. its not like we ran out of oil in the country and nothing left to pump. theres plenty of oil and we could do it. we are we taking out of an emergency program? its beyond my. one way or the other, he thinks hes helping the nation. its not a solution by any stretch of the word. >> charles: and also finger pointing is not the solution. president biden blaming price gouging for the prices that ...