biden, gene sperling will join us. neil cavuto will also be joining us here. first, the story from hillary clinton live at the white house. hi, hillary. hi, martha. when it comes to the state of the economy, president biden does not think things are that bad. he also does not think that any world leaders believe that america is going down the wrong track. they do not think that. you haven t found one person, one world leader to say america is going backwards. i can understand why the american feel are frustrated because of inflation. inflation is high in almost every other country. a recent poll suggests a lot of americans are not happy. a poll says 69% of people disapprove with how president biden is handling the nation s financials. the u.s. inflation rate is not lower but higher than some major economies in the world including italy, canada, germany, france, japan, saudi arabia and china. republicans say the reason for high prices is not a mystery. we know why we
out of control ahead of the july 4th weekend. rich, great to be with you. wonderful to be with you, i m in for john roberts, rich edson. millions are expected to travel for the holiday. aaa predicts 3.5 million will fly, but staffing shortage, pricey fares, and some pilots threatening to strike causing turbulence for the friendly skies. gillian: thousands are being canceled, delayed, experts are fearing an influx of new holiday travelers starting today is set to make matters even worse. listen. all of it is coming to a head, we are seeing the cancellations. we just need more people to work in the industry both as air traffic controllers, pilots, you know, flight attendants, all of that. all in short supply and they can only staff so many planes. gillian: casey stegall is tracking the travel nightmare from dallas-fort worth international. hi, good to see you. a little turned around, i should be wearing my winter coat, usually when we are standing at the airport doing
italy, canada, germany, france, japan, saudi arabia and china. republicans say the reason for high prices is not a mystery. we know why we have inflation. they spent like crazy and paid people not to work and drove up the cost of energy. somehow americans don t understand, they do. biden says there s someone to blame though for high prices. and it is not him. the bottom line is ultimately the reason why gas prices are up is because of russia. russia, russia, russia. but the data doesn t back that up. as you can see, inflation started its up climb after president biden took office and well before putin s invasion of ukraine. in fact, even the federal reserve chair, jerome powell, was asked on capitol hill in the war in ukraine is the primary driver of inflation we re seeing today. he said it s not.
the data does not back that up either. inflation started the up climb after president biden took office and well before the putin invasion of ukraine. and the federal reserve said putin is not the reason. gillian: happy 4th. happy 4th. rich. rich: a great day not to look at your 401(k). wall street is witnessing the worst first half since 1970. lauren has more on this. stop the presses, we saw the chart of the dow, it was down but it s actually higher right now, fingers crossed. you have seen how this year has been with the s & p 500 down 20%. nasdaq s worst start to a year ever with the near 30% decline. in all, before today, january through yesterday, u.s. stocks