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shrinking stocks unfortunately in the pensions. peter doocy on the shrinking poll numbers for a president that just found a new villain for all of this and his name is not putin. welcome. i'm neil cavuto, this is "your world." a very turbulent world. when it comes to the markets, a lot redder world. how much? to jackie deangelis with more. >> good afternoon. another rough day for the markets, neil. not for the feint of heart. the markets digesting the rate hike that we saw yesterday and jerome powell's comments and deciding more hikes and slower growth means recession is coming if we...

inflation as bizarre. this as the dow takes another plunge. we have fox team coverage. susan li in new york tells us what's going on with the markets. white house correspondent peter doocy starts us off tonight. good evening, peter. >> peter: good evening, mike. in the president's first interview of any kind with a reporter since february and first print interview since may of last year, he says he thinks the reason that people are upset from this country right now is the pandemic and he says he does not believe a recession is inevitable. >> tackling inflation is my number one priori...

a breach of the minesterial code. tonight with the context, the spectator�*s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest...

trump's political strength is still evident at the polls. overnight south carolina republican congressman tom rice was defeated by a trump endorsed candidate. rice was one of ten republicans in the house who voted to impeach the former president and one of the first to face republican primary voters. another race in south carolina did not go trump's way, congresswoman nancy mace at times a trump critic survived a primary challenge. in another significant development republican mayor flores flipped a democratic house district in south texas, this is a pretty significant special elec...

and being the saudis now starting up this, you know, tournament of their own, and this sports washing that they're doing, trying to buy respect on the world stage, trying to improve their image, just be truthful, you know, just work with the truth instead of hiding behind lies. that's how you gain respect. you can't buy it. you have to earn it. >> terry, wonderful to have you this morning. thank you so much for speaking with us. >> thank you for having me. >> and "new day" continues right now. welcome to our viewers in the united states and all around the world. it is wednesday, ju...