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this, of course, despite his promise to make saudi, quote, a pariah state. all this as the federal reserve is expected to announce its biggest hike in decades. john harwood is live in philadelphia. john, there is a lot at stake for the president. >> reporter: a lot at stake, erica, for the president. a lot at stake for the country. as we've seen underscored by the january 6th committee hearings. the president's biggest political problem is negative public sentiment about high inflation. as you indicated, he is going to say that this is his top priority. mostly a job for the federal...

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...

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 ne...