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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 ....
the s&p 500 losing 17 #, the nasdaq fell 633. all of this was sparked by new numbers indicating inflation is not going anywhere but up. any time soon it appears. food prices, other essentials, skyrocketing in the latest cpi report. consumer colonel not far behind. and the president, who is boasting about having inflation under control is facing criticism tonight. we will talk with democratic senator joe manchin in just a moment but, first, white house correspondent jacqui heinrich starts us off live from the north lawn. good evening, jacqui. good evening to you, bret. either the white house expected far better numbers or the person who planned this party had an unfortunate scheduling oversight. gathering democratic lawmakers on a sweltering south lawn on the same day a new inflation reading came in hotter than expected. while the stock market plummeted, james taylor played a song about death on the white house south lawn you can sing this song when i m gone. t ....