here is cheryl casone right now, with the latest. cheryl? cheryl: thank you, neil. i'm cheryl casone in for charles payne on "making money. record inflation hits every aspect of our daily lives. producer prices jumping more than expected in june, fresh off yesterday's hotter than expected cpi. adding to the turmoil disappointing bank earnings with jamie dimon sending a chilling warning. coming up ed yardeni what to expect for the rest of earnings season. democrats are trying to resurrect "build back better" while ignoring the red hot inflation plaguing american families. how much can we expect prices to run up if they get their way? plus the crypto wizard is trying to fight off a deep freeze after a major crypto company collapses. that is shaking investor faith but genevieve roch-decter says don't conflate bad actors with crypto's future. she will explain that coming up in 30 minutes. all that and making more on "making money". cheryl: markets are tumbling today as banks in particular jpmorgan, kicked off second-quarter earnings this morning to disappointing results

cheryl: all right. there is a lot to unpack in there to search through even if it is a simple etf or index. our viewers own a lot do. thank you for your picks, ryan kelly. appreciate it. ii want to point out we're at session lows for the dow in particular. 440 is the session low. 444. nasdaq and s&p also are hitting session lows. [closing bell rings] there are the bells, another rough day at the office for markets. that will do it for "the claman countdown". i will see you tomorrow at 2:00 p.m. "kudlow" is next. ♪ larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. as we speak president joe biden is on a plane to brussels for an incredibly important nato meeting and a g-7 meeting to deal with the russian war in ukraine. for this incredibly important set of meetings joe biden has to be an incredibly strong american president. he must lead. he must not be afraid to call out vladmir putin as a war criminal who is committing

cheryl: wow. okay, well, as asset values are on decline with the broader markets, one major bank may be looking to make an acquisition is. charlie gasparino's got this one, it's big. >>> and let's take a look at blue chips right now. look at this, we could go positive. we're only down 29 points. wow. you're welcome, folks. [laughter] i hope keeps going. "claman countdown" coming right back. ♪ ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack, chest pain, stroke or mini-stroke, heart failure in the last 6 months,

cheryl: you too. in most parts of the country you no longer have to wear a mask at a restaurant, concert or a school, so why do you still have to wear one on a plane? this is a question the industry ceo's are posing to the white house? we'll get reaction from kristin tate. >>> up next nancy pelosi's husband taking a huge chunk of tesla stock just as her party ramps up their push for the green agenda. coincidence? i think not. we have details after the break. ♪. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the wo

cheryl: no. receipts can be great in particular, if you can't afford to buy a home you can buy a reit. i said that before as well. let's talk about health care because you know there are some picks you got on the health care space but you say in particular it looks like biden's "build back better" will be stalled. that is a good thing for health care. what does that mean? >> think about that. we have aging demographics. like i said, slowing potential economy that is getting older. all of it with "build back better" being stalled a little bit, there is money going into health care. we think a lot of these names have tailwinds, if you will. the thing about health care, we're neutral in value at lpl research there is little bit of both. biotech and devices over here and drug companies and hospitals over here but the truth again, relative strength is coming in. a lot of these things, health care hasn't done much for a while, let's be honest but now it is kind of top heavy with tex and some of these t

i hand it over to cheryl casone. cheryl: charles, thank you. yeah, there's a lot going on with these markets and a lot to watch on the regulation side but also with these numbers that we're tracking today. looked at what's happening here. we're sitting in rally mode ahead of tomorrow's june jobs report. we're at session highs right now. in fact, we're actually hitting session highs at exact session. dow up 323, that is a fresh high. s&p 500 and the nasdaq looking at four straight days of gains as oil bounces back from yesterday's dip into a crude bear market. oil actually kind of ticking higher. we're going to be watching that are -- for you. king dollar inching ever so close the parity with the euro. get ready for your vacation. charles schwab chief investment strategist with liz an saunders to tell us if we should be cheering that rally or if it's more pain for the markets and the u.s. economy. plus, oil bulls are rising from the oil patch today. the liberty oil field services ceo is here with his view on where crude goes as the fed raises ra

cheryl, it's yours. cheryl: happy belated birthday. i was going through the building looking for that cake. [laughter] where'd that cake go? stuart: dream on. [laughter] cheryl: have a great friday. welcome to cavuto coast to coast. i am not neil cavuto, i'm cheryl casone in for neil today. jobs up, chances for a bigger rate hike, up. the case for another 75 basis point rate hike in july. our market insiders are going to break it all down for you. plus, oil hovering above $100 a barrel as president biden prepares to head to saudi arabia. why one key player in his own party says the saudis are going to play us. coming up over the next two hours on a busy friday, we are going to hear from billionaire john cats hama tee d.c., andy puzder and former u.s. labor secretary under president trump, eugene scalia. plus, we have florida attorney general ashley moody on what florida is doing to protect its own borders as migrants flood our southern border. but first, president biden is moving forward with talks about rolling back trump era tariffs

cheryl: yeah. to your point about entrepreneurship, that is the american dream for many people. >> right. cheryl: to have a say in their own destiny versus you know, being a slave to corporate america, for example. we've seen that really emerged during the pandemic for a lot of people. brian wesbury, thank you very much. >> great to be with you. cheryl: i will steal the line on build back better. teachers are at their tipping point, some cases forcing schools to shut down. where does that leave our kids? that's coming up. >>> and next it has been an emotional roller coaster for investors over the last year, up, down, all around. where do things stand now as the tech selloff heats up today? stay with us. ♪ ♪ cheryl: we're seeing a selloff on wall street today. the nasdaq taking the brunt of the, brunt of the blow. as you can see the nasdaq down 121 points, s&p is down 30, the dow is down 245. investors continuing to look at bond yields. those have been rising. we're waiting on the fed's next mov

cheryl: all right. grady, we know the story's developing so please, we'll come back to you at is warrants throughout the morning. grady, thank you for the live report out of chicago. and some of the other headlines that we're following for you this morning, the travel turmoil continues, as airlines delay and cancel hundreds of flights across the nation this r morning. problems did ease over the last two days, only 300 flights were canceled sunday and 225 yesterday. that's actually down from 1200 cancellations on friday and saturday. airlines are having a hard time dealing with soaring demand while also grappling with a huge pilot shortage in the country. and families went bananas for the minions this 4th of july holiday weekend. >> ♪ >> take this back to the lair. i'll distract them. cheryl: it raked in an estimated $127.9 million in its debut, a new record for the holiday weekend and its overtook transformers, dark of the moon, which made $115 million back in 2011, the spinoff of the popular depickab

connell: hey there, cheryl. it's interesting we're starting to see just small signs that maybe we're cooling off a little bit. around the country for example, 12% of sellers have now cut their asking price over the past month, something that probably would have been unheard of, a few months ago, but at the same time, there are signs the craze for lack of a better term, is not over yet. the suburban neighborhood just outside of new york city today it's like a lot of others around the country and prices are still going up, even as buyers and sellers report being a little nervous with the higher mortgage rates as we are walking around with the redfin real estate agent, he was telling us those nerves, they are just adding to the frenzy. >> i did an open house last week on long island. we put the listing up on a thursday, had the first open house the following sunday. we had 48 families waiting in line. it was supposed to be a two hour open house, and it stretched to four hours and then we had to cut it off, and ther

cheryl: no. and also, too, in the middle of all of this, we had this existing home sales data come out this morning, scott. surprised me. i keep wondering when the top is going to hit, and maybe it has not. one-year high, existing home sales up 6.7% in january. >> listen, i think that's great news. but right now the market isn't rewarding strong economic data that keeps the fed on pace to have to reduce the pace of purchase and raise rates, so it's a very prefer precarious situation. and i agree with you and charles, by the way. put your monthly flows into s&p funds, not into stocks, because stocks right now, if you look at cathyed wood's names, they're 60, 70, 80% off the highs, and some of them will never come back. if you're a long-term investor, this type of process will help your average costs over time. again, it's like your time frame. if you trade like me, actively for a living, and you get paid monthly and quarterly, you better know what's happening in the markets. right now the fed is a

reporter: hey, cheryl. a lot going on in fact the president was standing between those two world leaders the latest applicants right over there in the rose garden. the president with the president of finland and the prime minister of sweden who drove in in a volvo, announcing their intention to join nato. >> we already appeal to the security of the whole, making the commitment to mutual security currencies, thus being a nato allie. >> my government has come to the conclusion that the security of the swedish people will be best protected within the nato alliance, and this is backed by very broad support in the swedish parliament, and with sweden and finland as members, nato will also be stronger. reporter: president joe biden welcoming the applications, but turkey blocked the fast-track vote. turkey's president with a longstanding relationship with russia questions the addition but not president biden. listen. >> so today, it's an affirmation of most countries in europe that share our values that we're willi

cheryl: good morning, i'm cheryl casone, i'm in for maria bartiromo. it is thursday, it is january 6th. your top stories, 6:00 a.m. eastern time. the never-ending flight mare, more flights are forced to cancel, more airlines forced to cancel flights over staffing shortages and bad weather. over 1400 flights into and out of the u.s. taken off the board, the 12th day in a row more than 1,000 flights were canceled in one day. we'll be following this developing story all morning long for you today. well, taking a look at your markets, futures are mixed this morning, this follows a sharp selloff we saw on wall t street yesterday. right now, dow higher by 87, s&p up 2 and-a-half, nasdaq and that's the big story is technology, the nasdaq is down 42 points and change. that selloff yesterday, you saw the dow tank after the federal reserve released minutes from the december meeting, signaling concerns over inflation broadening which could accelerate the planned rate hikes. we'll talk about that in a few moments. bond yields also rising. the 10 year hitting the h

reporter: hi there, cheryl. we know that food in the grocery store is way up over 12% over a year ago, and when we take a closer look at the report there are certain food groups that are standing out more than others and a lot of them are basic staples found in every american home, from "coast to coast." you can see here eggs up 33%, milk up more than 16%, coffee up nearly 16%, not on here but also in the report today, butter is up more than 26%. now, store management here says that these price increases, they've noticed this change in consumer behavior. >> i think people are getting away from being brand-loyal. you know, the customer that says i have to buy bounty. i have to buy hellman's. they are looking and saying what is the deal going on in that store today and should i try something else. reporter: and i've been talking to shoppers here at the supermarket. they don't need me to tell them what the government did, because they already know. food prices are up, they feel it watch this. >> oh, my goodness. ev

cheryl: some breaking news. i would show you live pictures of president joe biden arriving in fort worth, texas at this moment. he is in the heart of the oil patch. he is not there to talk to oil executives although he could but is there to talk to veterans about healthcare. he banned russian energy products earlier from washington. he's being greeted upon his arrival by colonel william, chris mcdonald the airlift wing. by the way the secretary of veteran affairs is traveling with president biden. they agreed by local officials, as you can see he will do be angry and tour the clinic and he will be talking to veterans on the ground, caregivers and he is expected to talk about burn pits. that is something that happened during the u.s. wars over the middle east. he thinks it contributed to the cancer that his son beau biden died from. again president joe biden arriving in fort worth, texas. he will be delivering remarks in an hour or so and talking to service members. it is ironic that he's in texas in the middle o

cheryl: what about the labor shortage? we haven't even gotten there yet. >> we have not talked about labor, that is making everything questionable. again the uncertainty of getting your crop off is at the forefront. i do think we will but we also have the drought we have drafted major parts of the country were coming off a major drop from the year before. we will see what happens in the future. i can't necessarily predict how much wheat will be planted. we do hope that we get quite a bit of wheat planted across the country. >> you are in washington what can the federal government do to help? >> what are the things that they do we have a safety net with the farmville 90% take crop insurance to help cover those years and my year we run out attend your business plan. in thinking three years of it we might not make any money. that is with crop insurance. now you see the input cost going to the roof. i definitely probably will not make money on the dry wheat this year and i'm hoping to stay in business for the next year. cheryl

cheryl casone is in for neil today. cheryl: i'm in for neil cavuto today. stocks falling as inflation roars. president biden set to meet with fed chair jay powell in the oval office today on a mission to combat inflation. something the president just wrote indicates he thinks the economy is strong. gas prices hitting fresh records. the prices have jumped. the top concerns for summer travelers. look at oil, $116. 1.5% up side on that contract. the sizzling housing market might be showing signs of a cooldown. when prospective homebuyers could see the shift. fewer lifeguards are one reason your favorite activity may be in jeopardy. but first, our top story. in about an hour or so, president biden will meet with federal reserve chair jerome powell as the administration struggles to fight record-high prices. hillary? reporter: good afternoon. president biden meeting with the fed chair today. part of the point of that meeting is to emphasize that president biden believes in the independence of the federal reserve, but to remind powell that it is the fed's job to

cheryl: charlie gasparino, sharp as ever. talk about oil just now we are pumping higher right now the countdown closers got one black gold into cold hard cash the closing bell will ring seven minutes to go, "the claman countdown" coming right back. ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. . . i'm ben affleck and i want to thank you for joining me and supporting paralyzed veterans of america. i joined the navy to serve my country as a navy seal. i wanted to protect the people i love and the country i love. being a seal gave me so many things, but i gave something too. while parachuting with my platoon, my parachute didn't open. i broke my neck. it left me paralyzed. i realized that everything i had planned for was now gone. paralyzed veterans of america was by my side from that moment on. since 1946, paralyzed veterans of america has kept a promise to our wounded

cheryl: good point. speaking of myself, $10 extra week, thank you for nothing. >> it seems like a drop in the bucket. >> jeff flock live. >> good to see you. russian stumbling, stock markets were closed can russian president vladimir putin try crypto currency to evade devastating sanctions, one crypto binder with operations is scared to answer the question. that is next pre-take a look at this you never know what can happen on the last hour. we are off of session lows but thanks to boeing and jerome powell looking at a negative close likely. now down to 87. "the claman countdown" is coming right back. ♪ with my hectic life, you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go. cool, thanks. no problem. voya helps me feel like i got it all under control. because i do. oh, she

cheryl: u.s. official do actually said china is the biggest threat to this nation that we're not talking about. that is as they're talking about relaxing tariffs. biden is talking about pulling tariffs on china which i think is horrible idea. >> he gets it, he is a democrat. you wonder what is going on the biden white house. they dropped the ball, face it is not exactly well-oiled machine there. you don't have to be partisan to say that. it is what it is. cheryl: charlie gasparino, great story. four minutes to the closing bell. dow off the session highs. we were really off the session highs. we could close in the red. we were up 256. now we're up only 25. take a look at oil, this is an interesting story, we're declining on the oil contract for the second straight day. we're below 100 bucks a barrel. will this help gas prices? we'll see. u.s. prices are in bear market territory. that is defined by 20% more decline from recent high. energy stocks getting smacked as well. our "countdown" closer still

" >> cheryl didn't. you were getting a reputation around town as this kind of batty lady with the pigtails, out there with her signs and the billboards -- >> everybody -- >> -- and the letters to the editor, and you became famous. >> everybody called me crazy. >> but not everybody. police began to take cheryl seriously after years of her struggling to draw attention to mike's case. >> miss cheryl is a straight-shooter and she tells it like it is. >> will mickler is an agent with the fdle, the florida department of law enforcement. a top cops agency with statewide jurisdiction. four years after mike went missing, they agreed to take the case. >> if it wasn't for miss cheryl, this case would have never gotten into the hands of criminal investigators. >> but mike's widow, denise, didn't appreciate what cheryl was doing. >> she's upset because she and her daddy said it was an invasion of their privacy. >> denise's friend, becky mass, in her defense, said denise told cheryl to stop all the noise because it wa

cheryl, back to you. >> cheryl: gerri, i agree with you on arms. i don't think now is a good time to look at arms. you are absolutely right, thank you very much for that report. all right. well the fed's move will definitely impact real estate. we talked a lot about housing today. you want to watch the prime real estate block tonight, mansion global, that will be at 8:00 p.m. eastern time followed by new episodes of my show, american dream home, 9:00 p.m. eastern time. we're going to kentucky tonight by the way, during the whole hour, that's a good market. you can still get good deals in kentucky. you want to watch my show. well, the fed walking a tight rope between its mandate of bringing down inflation while not shoving the economy into >> not trying to induce a recession now, let's be clear about that. we're trying to achieve 2% inflation consistent with a strong labor market, that is what we're trying to do. let me talk about that sentence. clearly it is our goal to keep about 2% inflation while keeping labor market strong. cheryl: joining us w

cheryl: that is certainly the question with jp morgan. we saw gutting up $6 billion on nii and spending more than $7 billion year-over-year on an expense basis. does that play out in the long term? will that be enough to gain share across the board in all businesses as they highlighted, but also a more competitive environment in many areas, in cars, against fintech's, for example? i think jp morgan is very disciplined and does a good job of managing, but the question is the long-term game versus short-term valuation and growth trajectory. will those investments be coming to for ration? caroline: as a portfolio manager looking to put money to work and assess the financial strategies you have, is it where it will outperform in 2022 and we have seen such outperformance with the financials in the bigger banks where the yield curve goes? where do you start to look now? cheryl: i think we are more positive due to the regional banks and community banks. it turns the spread based lending tied -- dynamic. when we think about the large money center

your serve, harris. >> harris: i'm going to punt write to cheryl. >> cheryl: okay, this is my favorite of this. instead of saying guys or gals, like hey guys, a gals, you're supposed to say, hey folks, a-team, hey y'all. i mean i'm from texas, i can say y'all. i found one thing in this entire thing that i liked and that was it but otherwise this is ridiculous. kennedy? >> kennedy: hey, guys. i say hey guys. guys, dinner's on the table. >> harris: especially when they won't listen to you. you have to do everything. >> kennedy: and when you have one child seated, it drives me batty. whenever i hear the word grandfather to come up with something supposed to be grandfathered into a contract, i fly into a murderous rage and a wrap up the contract like nancy pelosi with a president trump state of the union speech, because it's just it's so unfair to grandfather's. i don't understand it. it's meaningless. they are going to render of the english language totally useless. people like c.s. lewis are spinning in his grave. this is taking the phrase a murder your darlings way too literally and you

much needed, cheryl. >> cheryl: elon musk said a lot of things on that call. get out your popcorn. twitter employees are on their slack channel trying to figure out how to be amazing at their jobs with remote work. they probably won't be able to for much longer. he's taking over. >> kalyeigh: he threatened to turn it in to a shelter for people if they didn't show up. >> emily: i loved what he said. he said there's a difference between freedom of speech and freedom of reach. he said the whole point should be transparency so we can restore faith in twitter and inclusivity meaning every american, not just the progressive left. i loved it. >> kalyeigh: he swallowed the red pill. >> rob: he did. he's right and what he's saying. he has a lot in front of him. he's got a lot going on. i wish him the best of luck. >> i think he might have to start with a clean slate. twitter and twitter employees are brainwashed to not thinking that free speech is okay. i say fire the entire staff and start from scratch. >> rob: did i just coin that? you heard it here first. >> kalyeigh: next up, as if flyi

i think cheryl is right. one thing the mayor's lexicon for some that we've heard community's calling for for very long time is what can we do to make sure that police officers live in the communities where they serve. the reason for that is, are the impacts that a triple fall. when you live in the commune they serve, not only will he rebuild the trust that is been broken because of the various numbers of headlines that we seen around police in a community. but also, your cruiser been on that street and it creates an immediate deterrent for crime. we look at what erica adams is doing only look at what to share joan is doing in st. louis, easy mayor is trying to get it done. what they need washing and do with a bipartisan way, is passed police reform where everybody's at the table. so that there is some dollars going in that direction. >> quick point richard, i appreciate way same. i agree with the concept here but here they are being priced out. it is so hard understand, there are some that are grandfathered i

cheryl casone, thank you. >> cheryl: have a great weekend, you are probably working. >> todd: every weekend, on a wheel. pennsylvania judge moving five out of nine school board members from office after they ignored a petition filed that said they had no right to force masks on their kids. the mom who filed that petition joined us earlier. >> we are looking for people that live in our community that are going to put students, parents and even teachers first and not the political agenda of groups like teachers union. >> todd: group of parents are vetting people for the positions. crime is up, but in new york numbers are worse. crime reports are up 40% compared to sampson time as lasts year n. february, 60% and based on early march reports, manch is following that trend. >> ashley: lawrence jones spent the day with a police officer who blames crime on anti-police sentiment. take a look. >> at the 44th precinct, this is where it all started. >> this is where it started in 1991. this was pretty violent back then. first year precinct covered 1.6 square miles and 85 homicides, robberies was commo

cheryl. >> cheryl: several blue statess, california, new york and illinois used covid relief funds to push crt in schools. california awarded money for schools to reopen, including implicit bias training. founder of parents defending education joined us earlier to react. >> it is appalling and unsurprising, social and emotional learning sounds great. but look at what the programs are, these are trojan horses for critical race theory. >> cheryl: 46 billion of the money was spent on ethnic studies, lgbt competeny and training. no republican support. democrats -- the bill they said it had to pass, it was matter of life and death, not sure this curriculum is for that. >> carley: and trying to pass another covid relief bill now with billions of dollars. >> cheryl: this is government waste gone wrong, to your points, we've seen all this money going to other things that have nothing to do with covid and that is your tack payer money. >> todd: waste and money for schools, liberal fired up about making you pay for their poor college choicesment >> cheryl: forgiving $1.6 trillion in student deb

reporter: hi, cheryl. this report is going to serve as my petition to join the bad news bears, because we're going to be talking high prices. this is a wheat field behind me looking at about a 300-acres of wheat. the last of this has been pre- sold for over $12 a bushel that is the highest price on record, and it's helpful for farmers because their costs are all up. we have to wait a bit for the harvest so this is all green. it's not going to be gold until july and that's whether en that harvest is going to happen and we really need that wheat to hit the market because of all of the global factors so first of course ukraine, the breadbasket of europe, that has been pretty much inaccessible because of russia's invasion now india, they are no longer exporting wheat because they want to make sure they have enough for the residents in their country. meanwhile there's concerns that china's wheat production is not going to be high enough this year, nor will be the u.s.' domestic production. take a listen. >> the

>> cheryl: i do. the stock has been under pressure since the strike price was 54.20 and now below that as far as markets are concerned. he has negotiating power. there is billion dollar break-up fee. there is leverage on both sides. he is right. you have to monetize bots. well, you can't, you have to monetize actual users. twitter is an ad-based platform. you don't have a company to buy if you can't monetize the people on said platform. >> todd: i'm sickened this is part of a long game from elon. >> carley: do you agree? >> cheryl: yep. >> todd: staying with the elon block. elon pulling no punches when it comes to president biden. listen to this. >> the real president is whoever controls the teleprompter. it is like the path to power is path to the teleprompter. >> cheryl: well, he's right, this administration has a problem getting a lot of different things done. when it comes to regulation, this plays into elon musk's favor. they have been slow to push out regulation when it comes to social media and

cheryl casone from fox business is here to answer it. good morning. >> cheryl: i tell you here, basically that could be a good thing in the short term, but a bad thing in the long-term. basically we have general armando on and she talked about the biden administration could be looking to lower maybe temporarily lift sanctions the trump administration put on china. take a listen. >> we are looking at it, the president asked us to analyze that, we're in the process of doing that for him, he will have to make that decision. >> cheryl: this would reverse tariffs put in place under former president, in the past, she has praised tariffs that were put under trump, they were saying she said they were effective against china. talk about changing her tune. >> todd: yeah. meantime, democrats and taxes are a match made in heaven. >> cheryl: democratic congressman beyer. mark lavine says the rise in mass shootings is the democrat's fault at the end of the day. >> the same elite defunding police departments, slashing budgets, trashing cops, lying abou

cheryl casone has the details. good morning, cheryl. cheryl: good morning, dagen. the rare designation means the w.h.o. views the outbreak as a significant threat to he global health. more than 16,000 cases have been reported in 75 countries. five people have died in africa. men who have sex with other men are most at risk. well, a cold front could bring relief to the northeast as parts of the nation continue to battle the scorching heat wave. oppressive temperatures are blamed for at least two deaths, more than 85 a million americans were under excessive heat warnings and advisories since yesterday. in california, firefighters are battling the heat and raging wildfire near yosemite national park. the fire broke out friday and has spread across 20 square miles. well, china's security regulator denied reports it's working on a three tier system to help chinese companies avoid united states delisting. they are looking to get into compliance with u.s. rules. they require that regulators inspect their audit reports. washington has been demanding access to the books of

end of the month sounds kind of late, cheryl. >> cheryl: we needed these last month. welcome back. hi, griff. the new deadline to order covid tests soft opened yesterday ahead of the official launch. covidtests.com, went live even though it was beta testing. >> press sect. psaki: we can't guarantee there won't be a bug or two, best tech teams and the postal service are working hard to make this a success. >> cheryl: americans can order four tests per residential address. 500 million will be distributed in late january. i tried out the website yesterday and my mother has four covid tests on the way at the ends of january, apparently. >> griff: cheryl, the story a major grocery chain warning of more empty shelves and yet the federal government is turning to teenagers to fix it. >> cheryl: this is something else. obviously if you have been to the grocery store, you have seen this, a big issue, empty shelves. despite comments from president biden there had been progress to fix the supply chain, an e-mail sent out warns of empty-shelves scenario. as our entire region managing challengin

cheryl casone, travel nightmare not over. >> cheryl: flight-mare continues. southwest had most cancellations, citing bad weather. and jet blue had a high number on tuesday and airlines are dealing with sick calls due to omicron. 20,000 flights in the u.s. cancelled since christmas eve. looking at 1200 flights in this country cancelled so far and it is 5:48 eastern time. total flights globally 3200 and change. >> kennedy: before we let you go, let me ask about tests you can buy for covid-19. apparently a couple big retailers are saying, jack up the price despite the fact people can barely find them. >> cheryl: they were selling them at cost. walmart and kroger are raising the cost. about $14 for two tests. they had that deal with the biden administration, that deal expired in mid-december. the test sells for $23.99 at kroger and walmart sells it for $19.98. retailers said we've done our duty, we're going back to business, if you will. can't blame them at this point. >> kennedy: got to get paid. >> todd: cufind the information you need on the internet, no furth

cheryl. >> cheryl: sometimes i don't want to keep an eye on the market. the dow and s&p 500 worst decline since june 11 of 2020. selling relentless as target missed estimates, worst day for target since black monday back in 1987. companies revealing the crush of inflation, higher interest rates and stalled supply chain just too much. the white house not paying much attention to the federal reserve or the numbers. >> you know, the federal reserve is independent, we leave them to make their own policy decisions, we do not get involved in that. nothing has changed how we see the stock market, that is not something we keep an eye on everyday. >> cheryl: i guess they didn't want to look at yesterday's numbers either. last year, president biden admitted as much. watch. >> president biden: i don't look at the stock market by means to judge the economy, like my predecessor does. stock market has gone up since i've been president, you haven't heard me say a word about it. >> trump likes to boast single best measure of the economy is the stock market, i never thoug

>> cheryl: exactly. senator susan collins and others questioning biden officials why funds were being diverted. >> our staff's investigation found that $850 million out of the testing budget and another $850 million out of the allocation for the stockpile were instead used to deal with the crisis at the southern border. >> cheryl: $8 billion allocated for covid testing as the nation facing a shortage. collins mentioned a facility in her district, they laid off workers because they didn't have any orders for tests. >> carley: cheryl, did pete buttigieg save christma >> cheryl: buttigieg visiting for a victory lap despite empty store shelves. learn to the mayor's reaction. >> i got to say, our president and this administration deserve credit for saving christmas, this man saved christmas. >> cheryl: americans are suffering shortage of milk, beverages, meat, it looks like march of 2020. another frustrated shopper says his grocery store looked like one he saw in the soviet union back in 1981, carley and todd

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cheryl cashin. we've gone through some of her books some of her thoughts and we also want to encourage your participation. here's how you can do so you can dial in on the phone 202 is the area code 748-8200 for those of you in the east and central time zones, two, zero two seven four eight eight two zero one if you live in the mountain and pacific time zones, and if you want to send a text message to professor kashian, you can do it this way. again. this is for text messages only please include your first name in your city if you would 202-748-8903 now you can also make comments on facebook and twitter. at book tv is our handle for those social media accounts. we'll begin taking those calls in just a few minutes. cheryl cashin, i'm going to spend a few minutes with your book loving which came out in 2017. july 11th 1958 2 am central point, virginia what happened? a couple of police officers burst into richard and mildred lovings home. they were newlyweds they were in bed. they had their marriage lic

cheryl casone from our sister network fox business here with details. >> cheryl: good morning to both of you. the president is heading to seattle for earth day today, doing fundraising while there, of course. expected to talk about his administration's economic success, despite sitting at 8% right now. he will not talk about crime later today during any events, despite the city reeling with aggravated assaults up, homicide up 44%, robbery up 30.5%, local officials say the government is failing the city. >> quite frankly, this administration has really had difficulty navigating through this criminal justice issue. we need to make sure our elected officials are handling situations where they are holding criminals accountable. they are failing to do so. >> cheryl: biden will appear with governor ensley and expected to discuss plan to lower prescription costs. again, not a word about crime in the city. >> carley: former president obama is making news today. >> cheryl: yeah, the former president pointing the finger at big tech and companies as a problem when it comes to disinformation out

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with us today, cheryl and joey jones. the white house is fact checking the president of the united states again. this time, he committed to a possible war with china. >> are you willing to get involved militarily to defend taiwan if it comes to that? >> yes. >> you are? >> that's a commitment we made. >> harris: doing the walkback and it came snapy fast. with the white house insisting there's been no change in the u.s. policy towards taiwan. we've seen this kind of thing before after the president made those comments about vladimir putin, for instance. >> ukraine will never be a victory for russia for god's sake, this man cannot remain in power. >> harris: let's go straight to kayleigh. >> kayleigh: yeah, harris, it's always an unnamed anonymous white house official that cleans up the blunder. look, these gaps are alarming. they're weird to watch. they're disconcerting when it's the president. but when it's in the context to foreign policy, harris. it takes on an entirely different set of alarm thinking that you can set o

cheryl casone has more. hey, cheryl. cheryl: good morning to you, dagen. so more than 1 million people in the u.s. tested positive for the virus yesterday. that is almost double the previous record of about 500,000 set -- 590,000, excuse me, set four days ago. officials are warning the real number could be much higher as tests remain in short supply across the country. all of this as the fda greenlights the pfizer booster for children ages 12-15 as well as children that are 5 or over with compromised immune system, narrowing the interval for booster shot eligibility, cut to five months. it was six months before. meanwhile, starbucks says it's going to require all of its u.s. workers to be vaccinated or face weekly testing beginning february 9th. employees have until monday to disclose their status. workers who choose testing must have a pharmacist or doctor administer the test instead of taking one at home and will have to cover the cost of testing themselves. there's starbucks in the premarket, fractionally lower right now. after failing to push through t

casone joins us with more. >> cheryl: a lot to unpack here. around noon, the president gave a speech intended to layout his plan to tackle sky-high inflation. there was plenty of blame to go around, greedy corporation, meat corporations, the supply chain. the buck does not stop at the president's desk. jen psaki was pressed about it. >> when he took office inflation was 2.5, it is now 8.5. >> press sect. psaki: i think the president said today he is president and we control all three congress, the house and senate. what is true, the pandemic, which was going on before he took office, we know and every economist says this is major driver of inflation over the past year plus. >> cheryl: senator john kennedy is not buying that explanation. >> he said today, as you pointed out, he bears no responsibility for inflation. most americans are thinking, right. and jimmy hoffa died of natural causes. >> cheryl: president biden says putin price hike is the blame, this country hit new record high $4.37 for gallon of regular, this morning it is sitting at $