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moment, but first, president biden in south korea today where he is issuing new warnings to china and north korea. jacqui heinrich is in seoul with the very latest. >> reporter: good morning to you, david. in case the subtext of the president's trip was not clear enough, he wrapped up his final full day in south korea with a not so veil ised warning the china that they better not invade taiwan, or they'll face at least the same treatment that that russia is getting over its invasion of ukraine. >> our alliance between our countries is built on shared sacrifice. our joint commitment t...

Funds rate last time, i don't think we actually get to 3.5% unless the fed is intent on putting the u.s. into recession. david: ten seconds, laura. >> i'll take less than ten. consumer confidence remains strong, and the outlook -- [inaudible conversations] pleasure. david: we've got to move on, folks. we're going to see more of panel coming up in the next hour. thank you very much. well, explosive testimony from hawaiian's former campaign -- hillary clinton's former campaign manager. a lot of legal experts saying she should call a lawyer. that's next. you're never responsible for unauthorize...

Americans think we're going in the wrong direction, and it's primarily because of the economy. >> i think you're absolutely right. learn we live here, right? we're the ones experiencing it. i don't really care what's going on in china, i care about what's happening in this country, and i think a recession is here. a. david: danielle, we did have a fed official out, and he's kind of a hawk. he's the president of of the fed, his name is mr. bullard, and he was on fox business earlier week, and he kind of took issue with that recession charge. let me just play that tape. roll it. >> not year. >> ...

They're now less than 1%. so maybe he's just talking his book in order to give him running room to raise rates, i don't know. what do you think? >> i really do think that. bear in mind, fed officials, they have to be public relations standard bearers. they cannot say we're going into recession. i worked there for almost a decade. it's against the rules. so he can't really say what he's actually seeing. but if if you look at jobless claims, since march 19th they've risen by 31% off of their lows. americans' expectations for rising unemployment, that is up 15 percentage points, 80% of the time i...

That will really show americans that he can handle the economy, i don't see much of a future for him, do yousome. >> well, what i wonder is what republicans are going to do. i think joe biden knows the economy he's in, jeff jerome powell knows, and we mow the fed and treasury are going to have to work with interest rates to land the plane like scully on the hudson. [laughter] this is the situation across the world, and we see this administration working a hard to handle it. now, we've mentioned all the economic indicators that are sort of downers today, so let me give you some good ones. consu...