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about the political direction of the government during what she described as a tumultuous time. well, that development means that liz truss has now lost two very senior members of her cabinet injust a now lost two very senior members of her cabinet in just a few days. following the sacking of kwasi kwarteng as her chancellor of the exchequer. what an extraordinary few daysin exchequer. what an extraordinary few days in prime minister's questions, in the commons a little bit early on. liz truss said she is a fighter and not a quitter, but she is under more pressure than ever now. and ...

republicans counter, of course, where have you been on this and the hypocrisy of all of this when you yourself have approved hundreds of such planes over the last year, two years -- year and a half i should say since he's been in power, approving migrants from all over mexico and south america, who have made their way here, sent oftentimes in the middle of the night to cities and states across the country. and there's no rage there. but again, we're just keeping you posted on these developments and there is rage about not only the people coming across the border, but all the drugs an...

stolen classified information. >> sandra: welcome back. as "america reports" rolls into hour two, i'm sandra smith in new york, i've got larry kudlow on set next to me. >> john: i can hear him in the background. hillary clinton, she's back. joining the chorus, but with the battle for congress so tight, could she be a gift to republicans. >> sandra: we'll hear more from clinton in a bit, but we begin with the economy. the president says it is under control, even celebrating it last week as critics say that is just not the case. here is a fox news alert. new today, warnings on a global...

li on the difference in 24 hours. susan? >> a new reality that inflation is higher and may stay elevated for some time. today's wholesale prices are the inflation that producers pay still much higher than a year ago. sure, coming down from the previous month. couple that with yesterday's consumer price jump and we're close to the 40-year highs and that's more than four times the way the federal reserves thinks is healthy for the economy. close to a third predicting a full 1 percentage point rate hike from the central bank. that could be the biggest central increase since 1984 when pa...

the end of the tunnel, more investors by day's end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? >> you're right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we've seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the...