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interest rates that we've seen, the rate hikes we have seen have done the trick to ease that. so why did stocks soar when all was said and done? a lot of technical definitions being given here. let's put it this way. people were in a buying mood. welcome. i'm neil cavuto. this is "your world." what in the world to make of inflation that remaining pretty much out of control, but buyers that seem to find a certain resolve. based not so much on what they see there but an economy that they're convinced has seen its worst. has it? is it? we'll explore that beginning with connell mcshane t...

between the u.s. and saudi arabia hitting new lows over the opec decision to cut oil production. there is more bad economic news with only 26 days before the midterms. for the second straight day we received worse than expected inflation numbers and that has the white house scribbling for an explanation. jacqui heinrich starts us off from the north lawn. >> there is no timeline on when the consequences for the saudis that the president biden talked about might come. he might want to consult with congress and they are out of session until after the midterms but officials here are star...

files last november at the biden penn think-tank. we don't know where they were found. what they contain. >> bill: one thing is for sure it is not good for merrick garland. he has a special counsel investigation into president trump's handling of classified dock also. >> dana: will it force garland to open an investigation into biden? republicans say that's the only option. >> it can't be we have two tears of justice. we have to have a special prosecutor for trump according to garland. we need one for biden, the same thing. it is worse for biden as you say, he could declassify. whate...

yes, indeed, the thought of a chip implant may send a shiver down your spine, that comes later but we begin with the latest warning from the international monetary fund. it has slashed its forecast for the global economy, saying it will grow by only 2.7% next year, with many countries in recession. in its six month update, the imf said the worst was yet to come. this forecast comes as the fund and internationalfinance ministers meet in washington. our north america business correspondent michelle fleury has more from the us capital. the international monetary fund had bad news forjus...

federal reserve. >> bill: that is only more bad news for americans trying to pay for gas and groceries. it comes after opec slashed oil production. the economy seen as the achilles heel for democrats in november. the president now admitting there may be more pain on the horizon to come. >> should the american people prepare for a recession? >> president biden: i don't think it will be a recession, if there is one a very slight one. >> aishah hosley live from the state department and we'll begin with edward lawrence on the north lawn of the white house. >> we hear the beep, beep, beep...