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But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view...

hello and a warm welcome to those joining us. just ahead on "cnn newsroom" -- >> former south carolina governor, former u.n. ambassador formally announcing her ca campaign. >> she's certainly willing to be the first to go up against the president. both presidents really. now some people here will have to be trdrinking bottled water. >> this train apparently was not considered a high hazardous material train. >> children were throwing up, parents were panicking. >> seemed uncomfortable, nervous and fidgety. so that is why i started getting suspicious. >> his instinct was correct. th...

in. who is next 1234. >> wouldn't you are like to know. >> plus the plea deal that allowed the michigan state gunman to legally buy guns. oonand will the lawyers put murdaugh on the stand in his own defense? former south carolina governor nikki haley is kicking off her bid for the presidency in a matter of hours. she will become the first major rival to challenge donald trump for the gop nomination. >> it is time for a new ew generation of leadership to rediscover fiscal responsibility, secure our border and strengthen our country, our pride and our purpose. >> the haley campaign...

say the administration's immigration policies are to blame. >> it's the biden open border policies that are inviting even more illegal immigration and actually have created this humanitarian crisis. the border patrol officers told me that the biden administration policies they are enriching and they empowering the drug cartels in mexico. arthel: we'll get into this with our fox team coverage. griff jenkins is near the border in texas. david spunt is following the president in wilmington, delaware. what are you hearing. >> reporter: president biden is touting the covid relief, the $1....

Enormous turn and that brought us to 24,265. These trade tariffs are widening a lot. It started with steel and aluminum. Its affecting a variety of products, everything from televisions and cigarettes to plastics. You name it. Porkrelated, beef products. Soy beans, an area that they didnt want to get into that theyre into. All of this was a big stepback moment to say its bad, its coming but maybe its not coming at all. This was crazy. Youre right. Boy, just as the opening bell rang this morning at 9 30, it was looking like we were going to have one of the worst days you could see on wall stree...