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FOXNEWS The Story With Martha MacCallum July 7, 2024

deep recession. from where i sit, the market is really semi frozen. this is the worst downturn since the dot-com crash. you think we re headed to a recession? we re certainly heading certainly a very high risk factor. martha: yeah. gas prices $4 a gallon, it s never happened where every state has had that price. the markets get closer to full bear territory here, to the 20% decline from the highs. david asman and lauren simonetti, the best brains of fox business are here to tell you what this means and how long this will go on for, maybe. they ll look into their crystal ball. first, aishah hasnie live where they re dealing with all of this or trying to anyway at the white house. hi, aishah. hi, martha. so the president unfortunately left this morning for his east asia trip with without really talking about any of these crises across america. really without offering any new solutions. so this is where we are right now with gas prices. this is the tenth day in ....

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KNTV NBC Nightly News With Lester Holt July 7, 2024

victory for the u.s. women s soccer team in their years long battle for equal pay announcer: this is nbc nightly news with lester holt good evening, everyone with many american families bordering on desperation in their search for baby formula, the white house has just announced a major step to increase formula availability, invoking the defense production act. that will prioritize manufacturing resources and ingredients for formula production it comes as a network of milk banks report a 20% increase in demand for donated milk, but tonight, some parents are pursuing their own alternatives, in some cases leading to trips to the hospital. our kate snow is here with late details. first of all, what are you learning about the white house s move tonight? so this is the biden administration, as you say, announcing that it will push private industry to ramp up production of baby formula and they re launching operation fly formula using defense department aircraft to ....

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MSNBC Jose Diaz-Balart Reports July 7, 2024

russia s invasion of ukraine. we ll ask the head of the foreign relations committee, senator bob menendez, about what s next for the u.s. response to that crisis. in new york, the suspected gunman in a racist shooting in a buffalo store is in court this morning as they launch a probe into the suspect s social media footprint. we begin with the dire situation facing families across the country, the baby formula shortage. the president taking dramatic emergency steps, invoking the defense production act to ramp up manufacturing as two bills, one sending $28 million to the fda and the other expanding formula access for low income families make their way through the senate. nbc news is the first to obtain a letter from two senate democrats urging president biden to, quote, immediately assign a coordinator to work with formula manufacturers. meanwhile, any moment now, the fda commissioner is going to be testifying before a house committee where he s expected to be asked ab ....

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MSNBC Andrea Mitchell Reports July 7, 2024

on capitol hill, the fda commissioner pushing back. he was taken to task about whether the fda didn t move quickly enough. the united states was facing a supply chain stress before the recall that began in february. the pandemic, war in ukraine and labor supply issues have all had an impact. the fact is, food safety is not a priority. whomever looked at that report felt there was no need to respond at all from october to february, until there was a recall. that is a dereliction of duty in my view. before heading on his trip to asia, the president hosting leaders of finland and sweden at the white house as he backs their bid to join nato in defiance of vladimir putin and opposition from nato member turkey s president erdogan. in the face of aggression, nato has not grown weaker or more divided. it has grown stronger, more united. with finland and sweden s decision to request membership in nato, it will be enhanced for all time. this as ukrainian soldiers who ....

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MSNBC Katy Tur Reports July 7, 2024

he invoked the federal production act. that will compel suppliers and manufacturers to boost production and ingredient suppliers will have to deliver to formula companies first before any other customer. president biden is also directing military aircraft and commercial airlines to import formula from abroad, something the fda has long stood in the way of. currently the fda bans most foreign infant formula, not because of health concerns about labelling issues. in the face of this crisis, the agency promises to hurry up their review process to expedite imports. on capitol hill lawmakers voted with overwhelming support 12-9 to pass a bill that would widen access to baby formula for families using the nutrition program for women, infants and children known as wic. almost half of the babies born in the united states qualify for wic. when the shortage hit, many of the alternative brands or specialty formulas were not covered by wit benefits. now more family will be able to ....

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