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foil sheets, and go for days without showers. meanwhile, house minority leader kevin mccarthy has visited one of those migrant detention facilities in texas and went after president biden. he said, "he should visit the border himself to see what his policies have created." >> it's more than a crisis. this is a human heartbreak. the sad part about all of this, it didn't have to happen. this crisis is created by the presidential policies of this new administration. there is no other way to claimant than a biden border crisis. >> harris: but dhs secretary al hunter myrick has echoed the...

developing. biden's white house calling the situation at the border a challenge at a big problem but still not calling it a crisis. this is as the administration officials blame the trump team for what is happening there. now biden's homeland security chief's warning "we are on pace to encounter more individuals on the southwest border when we have in just the last 20 years." >> john: pretty shocking statement. were going to speak with texas senator john cornyn and arizona's attorney general who is leading efforts to sue the biden administration over its immigration policy. so-called...

To the american people, but it would be unfair i think of us to put the blame for all this on the administration. i don't see it that way. >> yeah, it is a midterm election year so there will be blame being put unfairly all over the place because that is the way the game works. more than a year of gains wiped out in the s&p 500, market stress signals are high, that was a warning from a ubs strategist this week. and deutsche bank said that we live in the most hard to predict macroeconomic times in decades. and i would agree. i wonder if the bill has come due for all that you just mentioned and ...

This report and kind of this picture we're looking at now has on the fed's decision of when to start raising interest rates. >> you know, i think when you look at unemployment this low, and you look at inflation at a 40-year high, they have to start raising rates. but it is a tricky moment, kate. there are so many factors out there that are changing now. not just the pandemic, but if you go back even before covid, we had an economy over the last ten years that has really been driven by the fed. not so much by wage hikes, not so much by big job increases, so, you know, where are we going to be ...

Over the long term, confusing market crashes and bear markets can be detrimental to investor outcomes. Yet, this is what Morningstar did recently in discussing the market correction in 2020. To wit: “The market downturn caused by the COVID-19 pandemic was one of the most severe in recent history, but it also proved to be one of the fastest recoveries. This episode reinforces two important lessons for long-term investors: Don’t panic and sell stocks when the market crashes. It’s very hard to predict how long the stock market recovery will take.” During the downturn, I made these poi...