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Most americans are seeing several hundred dollars in their monthly expenses right now. they knew it wasn't a fake problem. they knew it wasn't transitory or could be this myth. but now the white house is trying to backtrack this. you see this with their move today to announce that they're doing something about inflation. they're doing something about gas prices. you know, they're releasing oil from the strategic reserve, which analysts say won't that much of an impact ahead of the holidays on budgets. so they're trying to backtrack this because they realize they stepped in it and they don't wa...

Everybody. thanks for being with us today. see you tomorrow. >> charles: president biden outlining planning to tackle inflation as americans are digger deeper to pay for food and fuel ahead of the holidays. the president says moms and dads are worried, so what stephen paddock -- what is being done to deal with it? this is charles payne in for neil cavuto. david spunt at the white house. >> thanks, charles. president biden said of the rising gas prices "this is a problem." to help alleviate the problem,

Telling shareholders that they made billions and then telling the irs that have not made much money. so the idea going back to should we consider taxing more of the rich. again, i'm not talking about anybody watching here. we're talking about multi-trillion dollar companies, increasing their taxes from 21 to 28%. >> charles: so i will point out, exxon mobil lost billions last year. last year they lost $22 billion. stands to reason they're making more money this year. you think higher taxes will curb inflation if we tax the billion dollar companies? >> that's the argument that the white house i...

Democratic economist warned about this. we're seeing the inflation play out right now. >> charles: there's no doubt that several democrats have said this is too much money. jenna, with respect to the actions being taken, the 50 million barrels, most folks don't think it's going to amount to much. crude oil was up today. the stocks were up today. so this doesn't work, what will be plan b? >> well, i would probably go back to one of the initial foundations of what i would argue is the democratic party to make sure that the people who are making the most amount of money in this country are taxed....

The pace from 40 hours a week to 7 day as week, 24 hours a day. no question, this is having an effect with americans. according to the latest fox news poll, president biden's job performance on the economy, 36% approve right now. 58% disapprove. whereas in may of this past year, just months ago, 51% approved of the president's handling of the economy with 46% disproving. the president hoping that jerome powell will deliver a healthy economy in his second term. powell received 84 votes when former president donald trump norm nated him in 2018. one of the senators that voted no on powell, then c...