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morning after officials there is a nearly 50 chinese planes entered taiwan s air defense zone and an aggressive move. today s publication followed a show of force differently from the communist regime when at least 11 chinese missiles landed waters to the north, south and east of taiwan. secretary of state anthony blinken calling the exercises a significant escalation and a furious china has suspended the lead with the united states on issues ranging from climate change that military relations. all this after nancy pelosi s trip to taiwan which china calls an egregious provocation. president biden s response to growing crisis is raising questions. reporter: when russia was getting aggressive, the president without telling putin don t do it and now john is getting aggressive around taiwan and we are not hearing anything like that from the president. i beg to differ. we have been talking about our concerns about what china was preparing to do. i stood at another podi ....
crisis firsthand. mayor adams declared an emergency in response to 4,000 asylum seekers coming to new york city over the past three months. he says they are straining the city s shelter system. but, according to governor abbott, that is nothing compared to what texas is dealing with. public officials across the country, they do need to realize the magnitude of the chaos created by biden s open border policies. they re up in arms about a few thousand people coming into their communities over the past few months? listen, in any one sector in the state of texas, we have more than 5,000 people coming across that sector every single day. and so, listen, we re full in the state of texas, our committees are overrun and i started bussing people to washington, dc when local officials could not handle the number of people that had come across their border. we have team coverage, david spunt at the justice department with breaking details about the biden administration forci ....
customers have mostly shrugged off the higher menu prices and the revenue has gone up. what s going on there? both of those companies, walmart and mcdonald s are facing higher costs as is practically every company right now. the difference however is mcdonald s has been able to pass on some of the higher costs. walmart can t do that as much because their whole brand is centered around being a low-cost retailer. it s having to eat some of the costs and that s why it s warning about profit. but jake, one thing i should flag, we talked about this recently in terms of the retail sales data. wall mmart warning they re speng more of essentials like food and fuel and that s leaving less discretionary income. the reason that matters to a retailer like walmart is their profits are higher on categories like apparel. their profits are lower on essential categories like food and fuel. that s why we re seeing the profit warning. it s yet another data point, yet another sort of war ....
doocy at the white house with the latest. peter? here at the white house, they think this jobs report is not a reason to worry about a recession. that phrase, make it in america, the cornerstone of my economic plan. today s report proves making it in america isn t just a slogan, it s my administration. but former obama economic adviser jason furman writes uncomfortably hot jobs report. 528,000 jobs added and unemployment rate falls to 3.5%. what worries me is average hourly earnings were up at 5.8% in july. june revised. the wage moderation that we all discussed last month was wrong data. white house officials are shrugging off the fears saying they still trust the federal reserve to adjust rates to address inflation. they claim there s more good news. in 50 straight days of gas prices falling even though they re $1.72 a gallon more than when president biden got here. you want to talk to a nurse or a teacher or a firefighter? having that little britt of breathin ....
america reports on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. both numbers beating expectations. wages are still largely out of step with the rising inflation. now more than 200 economists, 230 to be exact, warning democrats their social spending bill will make high prices in this country even worse. jon: senior economic advisor jared bernstein joins us. first, congressional correspondent chad pergram has the latest on the spending bill. good afternoon. democrats say this bill will help with inflation. more than 200 economists warn congressional leaders that the u.s. is in a dangerous crossroads. they argue the bill ....