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we start here in the uk where the bank of england has given its bleakest forecast in recent memory — a prolonged recession is on the way, starting this autumn and continuing all of next year and into 202a. if accurate, it would be the longest downturn for the uk economy since the financial criss in 2008. inflation is predicted to hit more than 13%, driven by the sharp rise in energy bills. and in an effort to rein in soaring prices, the bank has raised interest rates by the most in 27 years, piling more pressure on households. 0ur economics editor faisal islam reports. as the essen...

are hit with major delays at the nation's a airports, a lot of pain at pump and sky-high groce ifly bills. that has a lot of americans asking this july 4th weekend, when is freedom from these challenges coming? we're tracking all of it with alexis mcadams at missouri's laguardia international airport -- new york's, kelly to grady and stew leonard jr. from his supermarket in norwalk, connecticut. happy fourth, everyone. hope you're dealing with some of the headaches but all of the patriotic positives that comes from this special weekend. i'm neil cavuto. let's get right to it with ale...

in this case, it is quite jam packed. we're covering what's gown on in saudi arabia, all of that and vladimir putin going to that neck of woods, iran next week. let's talk about what happened this week with the president's trip, wrapped up now in the royal kingdom. peter doocy in jeddah, saudi arabia, with more. peter. >> reporter: neil, the president is aboard air force one. we expect him to take off for joint base andrews in maryland any minute. he came to the middle east looking for gulf leaders to boost oil production capacity because he thinks that might help lower gas prices ba...

>> and charlie -- >> people on edge after nearly half a dozen shark attacks in two weeks. >> first, president biden is on his way back to the u.s. after a visit to the middle east, and everyone is talking about that cozy, possibly calculated relationship that biden tried to show with the saudis from standing next to the crown prince in the class photo to fist bumping him when he arrived and kicked off meetingses with the saudi leaders -- meetings. white house claiming earlier this week biden wouldn't shake any hands because of covid. well, apparently that went out the window when bid...

rewrite the dictionary. griff jenkins has more in washington, good morning. >> griff: good morning, americans are bracing for nows we are in recession with dropping gdp numbers. the president says he doesn't see that happening? >> president biden: we're not going to be in a recession in my view, the employment rate is still one of the lowest in history, the 3.6 area. my hope is we go from rapid growth to steady growths. we'll see some coming down, god willing, i don't think we'll see recession. >> griff: white house message focusing on how well the economy is doing because of how man...