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and one confirmed case now in the united states. i'm jake tapper. we start with the health lead in the biden administration, warning parents desperate to get their hands on baby formula to beware of online scammers, charging exorbitant prices for formula that does not exist. house lawmakers griled the fda commissioner demanding answers and action. this after the house passed a pair of bills to address the crisis. the first would provide $28 million to the fda to fix the shortfall and prevent it from happening again. the second bill is ensuring low income families can find and buy for...

female reproductive condition that begins with fertilization, b, occurs when the woman is carrying the developing human offspring, and c, is calculated from the first day of the woman's last menstrual period. so the definition here is going to be key moving forward, and it's why planned parenthood is preparing for what happens next. they say abortions scheduled for this week in oklahoma will likely go on as planned. but they're making plans to cancel next week. the governor is expected to sign it. he's shown his support for these bans in the past. the governor has said that his state...

for the fed. they feel it could trigger a recession. >> john: gasoline prices record for the 10th straight day. average price now 4.58. and the cover the new york post summing it up, a picture of president biden riding a train right off the rails next to the words joe's train wreck. bret baier and larry kudlow will join us to break down the economic head winds facing the white house. >> gillian: jackie will join us in a moment, but first aishah hasnie at the white house. what is the messaging on the economy. >> we are waiting to find out, the president departed to east asia, and ten ...

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 crysta...

capitol hill as well. they passed $28 million in emergency funding to boost formula supply. that's on the way to the senate. other lawmakers are pitching solutions as well. you think we need a strategic formula reserve, right? they are moving now but this problem has been bubbling for months on a contamination issue shutting down a key plan for formula back in february. robert califf testified this morning that he hopes the plant will be back online in two weeks. practically speaking relief is still weeks or months away giving these comments from the surgeon general earlier today. >>...