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commemorate labor day. and the labor of hard working americans. but with mid-terms 66 days away, there is no bigger story than the economy. 71% of you aren t seeing any signs of rebound. more and more democrats and independents say the same thing. why would that be? because their wallets are lighter and they are taking a hit. the price of gas still up 20%. groceries skyrocketing 13%. and to top it off, we are not able to fill enough jobs to stop supply chain disruption. service at fast food restaurants not even close to where it was. the chaos on airlines, the delays, the cancellations, we all experienced them. we are helpless. what can we expect this fall and how do we get back on track. the host of kudlow. you watch him every day at 4:00 p.m. eastern time. larry kudlow welcome back. what kind of fall are we going to have knowing the last thing joe biden wants is a recession or slump or rising gas prices. larry: i think we are in the front end of a recession. when yo ....
it s backed off a bit, but if you look at the tech heavy nasdaq, it is off 4% and plunging. john: debbie dingle standing by with her thoughts on how this could affect her party s midterm chances. but first, to jacqui heinrich live on the north lawn this hour and rather ironic the president has a celebration of the economy this afternoon. how are they reacting to the cpi report? either the white house expected numbers a whole lot better than this or someone in the scheduling office had an unfortunate oversight and getting an earful. it is ironic they are hosting a bunch of democratic lawmakers here today to mark the signing, last month s signing of the inflation reduction act just as those new numbers come out showing inflation, core inflation shot up last month 6.3% in august, up from 5.9% in july. and that is a key metric that the fed watches very closely and these numbers are more than the 6.1% that economists predicted, the next set of rate hikes will likely be q ....
has it sent our panel to sleep? has europe yet woken up to the prospect of energy rationing this winter? and are the democrats slumbering whilst donald trump is thundering? here in the studio are jef mcallister, an american lawyer, who was london bureau chief for time magazine. the french author and journalist, agnes poirier and adam raphael, who has been commentating on british politics since the 1970s. thank you very much for being with us. adam, let s start with the british conservative leadership contest. in effect the beauty contest. in effect the beauty contest for britain s next prime minister. it s been 101, blue on blue in some of the attacks. how revealing or interesting has it been? ~ ~h revealing or interesting has it been? ~ . , , revealing or interesting has it been? ~ , been? well it has rightly pointed out this only been? well it has rightly pointed out this only hundred been? well it has rightly pointed out this only hundred and - been? well it has rightl ....
ukrainian officials say at least 19 people have been killed by russian missile strikes in and around the city of odesa. and more than a million people are expected to take to the streets of london this weekend for pride, as the lgbt+ community marks 50 years since the first march. hello and welcome if you re watching in the uk or around the world. the chinese president, xijinping, has led a ceremony marking 25 years since the end of british colonial rule in hong kong. in a speech, he said true democracy began after the territory was handed back to china. mr xi also swore in hong kong s new leader, john lee, who praised the new security law that s been used to crush pro democracy protests. britain and the us have accused beijing of failing to live up to the promises it made in 1997 to respect hong kong s freedoms. mark lobel reports. and half a years since the start of the pandemic, choosing hong kong, two years on since a national security law. it is also 25 years since ....
the commonwealth games open in birmingham. more than 5,000 athletes from 72 nations and territories will compete over the next 11 days. welcome to world news america on pbs, in the uk and around the globe. we begin tonight with fears of a recession here in the united states figures out today showed the economy shrank for the second quarter in a row. prices for groceries and petrol are rising at the fastest pace in forty years. this comes after the us central bank on wednesday raised interest rates for the fourth time this year. but president biden says the underlying economy is still strong. let me just give you what the facts are in terms of the state of the economy. number one, we have a record job markets of record unemployment at 3.6% today. we created 9 million newjobs so far just as i ve become president. businesses are investing in america at record rates, that doesn t sound like a recession to me. joining us now is former economic adviser to barack 0bama and profess ....