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Pro-immigration or pro-immigration reform republicans even can accept the president's decision here. we wish he had done it with congress and with people like marco rubio. but a lot of hispanics are very concerned that the president has not followed through on his promise from 2008. and this is a reminder of that. >> and the bottom line with you, jonathan, there are those who will look at this announcement being a major tipping point with regard to our national policy, but ultimately if the economy does not rebound, is this all a moot point come november in terms of what happens in the voting ...

I think scott walker's victory in the recall indicated that, but you still have to give obama the edge there. >> tony, what about the latest news, do you think gop strategists right now are feverishly crunching the numbers on the president's immigration number and what this means for the hispanic vote? >> it's tough. i've been talking to some of your former earlier guests on the show about this, too. a lot of us will be talking about it for a while. i think it was an important announce. a good strategic move by the president, but in a way it represents or reminds for a lot of hispanic voters a...

Now to the three big hundred headlines. the cost of raising is child is up. morgan brennan is joining me in studio. good day to you. thank you for coming back. >> thank you for having me. >> after being flat in april, consumer prices drop by the most in three years. what does this mean? >> they dropped 0.3% led in large part by gases plunging. we also saw food costs remain flat for the past month. this means that inflation is rep remaining relatively low. for that reason, we'll hear the new announcement from the federal reserve next week about plans to boost economic growth next week. i think ...