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FOXNEWS Special Report With Bret Baier July 7, 2024

inflation as bizarre. this as the dow takes another plunge. we have fox team coverage. susan li in new york tells us what s going on with the markets. white house correspondent peter doocy starts us off tonight. good evening, peter. peter: good evening, mike. in the president s first interview of any kind with a reporter since february and first print interview since may of last year, he says he thinks the reason that people are upset from this country right now is the pandemic and he says he does not believe a recession is inevitable. tackling inflation is my number one priority. also today he claimed that inflation isn t his part. the a.p. writes in an interview the president bristled at claims by republican lawmakers that last year s covid-19 plan was to blame for inflation reaching a 40 year high calling that argument bizarre. his treasury secretary it did contribute. that spending produced excellent rewards for americans at most it contributed modestly to i ....

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BBCNEWS Newsday July 7, 2024

prince william and his wife kate mark the fifth anniversary of a catastrophic tower block fire in london in which 72 people died. in beijing, thousands of people are being locked down and millions face compulsory testing after a surge in covid i9 cases. music plays and could the best be yet to come? after nine years together, the k pop supergroup bts announce they re taking a break to focus on their solo careers. live from our studio in singapore, this is bbc news it s newsday. hello and welcome to the programme. a last minute intervention by the european court of human rights has blocked the uk government s plan to send seven asylum seekers to rwanda, under a controversial new policy. the home secretary, pritti patel, said she was disappointed but would not be deterred and preparations for a second flight were under way. mark lobel reports. going nowhere. boris johnson s reminder going nowhere. borisjohnson s reminder plan to curb immigration grand canal. this flig ....

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CNN At This Hour With Kate Bolduan July 7, 2024

nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let s begin our coverage with cnn s matt egan live in washington taking a closer look at the fed s big move expected today, matt. reporter: erica, this is shaping up to be an historic day for the american economy. in just under three hours, the federal reserve is expected to take aggressive action to try to tame inflation. prices surging so rapidly that economists and investors now expect the fed to raise interest rates by 0.75%. this is a big deal. some context, just six months ago or so, there was a debate over whether or not the fed would raise i ....

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CNN CNN Newsroom With Ana Cabrera July 7, 2024

the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty much at zero during the pandemic as the federal reserve tried to encourage borrowing and spending. now rates are on the way up. the first hike was in march. then we saw rate hikes last may, last month. we know they are on their way up. i think what s parent to know is there is wide consensus there is much more ram to go in terms of where we see notes go. we put out a note yesterday ultimatel ....

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FOXNEWS Special Report With Bret Baier July 7, 2024

weanthe country off fossil fuelw for fuel outrage over historically high cost. that outrage is reflected in the latest fox news poll being released right now. and could become a huge factor in the midterm elections for which primaries were held gled a handful the states. the president s approval rate stands at 43% with 57% disapproval will. just 18% consider the economy in good or great shape. 82% believe it is only fair or poor. white house correspondent peter doocy starts us off tonight. good evening, peter. good evening, shannon. the president is not ordering oil companies to drill more in the united states. he thinks they have got enough oil already. and, instead, need to just work harder at getting it to the pump. we see it as a patriotic duty. pressure to be a patriot on oil producers from a president who once made this promise. i guarantee you, i guarantee you we are going to end fossil fuel and i m not going to cooperate with them. now biden writes to ....

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