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out there and we have said multiple times to making sure that he s talking directly to the american people about how we are delivering on our promises, delivering on how we re really taking inflation seriously. this past weekend, he did it hit the road with this message. watch. our economy is strong as hell. inflation is worldwide. worse off everywhere else than it is in the united states. let s bring in stephen moore, former senior economic adviser to president trump and robert wolf, former economic adviser to president obama, founder and ceo of 32 advisers and a fox news contributor. we had five minutes but we had to do the title so now we have 3 1/2. thanks for coming on. steve, to you first. you and e.j. wrote this in the new york post. average american is losing 34 k and everything else on biden s work. the average 401(k) hit over 35,000 at the start of the year. the assets have shrunk. the average plan down about $34,000. 24% in less than one year. in you ....
Average and 25% statewide. a drastic decrease from this time last year when the snow pack was 177% of the average. experts say the figures could still change in the coming months, but thanks to last year s wet winter, reservoirs across california are still well above average for this time of year. a wet winter, we can talk about that. and the u.s. central command says the houthi rebels fired two anti-ship ballistic missiles in the southern red sea late tuesday but no reports of damage. this latest incident is one of at least two dozen attacks against merchants shipping in the area since mid november. maersk says it is pausing all shipping in the red sea after one of its ships was attacked. the red sea is an important maritime trade route and prolonged attack could disrupt the global economy because then they would have to go around the bottom of africa. anna stewart reports from london. reporter: maersk had resumed ....
Is on the horizon next. i think it s a cardinal rule of foreign policy that if your adversaries sense weakness and division and distraction, that s when they make their move. i think you seal in the next couple of months, china making a move in the south china sea. the world s most important maritime trade route. i think they will make a move on tijuana. they have already warned tijuana they better not be expecting america to help them. i also think that the russians are going to make a move and they will make a move on ukraine. that s what s going to happen in the near term. and then when president biden folds in every one of these cases and he will, it will convince our allies they may make a special and separate deal not with the united states but with our adversary china. it s not lost on any of these countries that within a decade of the soviet union, failing in afghanistan, and having to retreat from afghanistan, the soviet union collapsed. that s what china and others will be sa ....
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