the 2019 and 2020 were trump years edward lawrence. reporter: it was march of 2019 she was using, early 2019. and that -- . offed that out to her that was before president biden policies were put in place, start from that location, this is where we were. and here is where we are now. when this president went into office, she changed subject saying they have to do investment to get the economy going, an interesting point, i talked with her about credit card debt. not just within the federal government, she believes that the credit card debt was manageable right now for americans. and it is seem like it is inching up with delinquencies we lated to credit card and autos, this might be a breaking point for consumer at some point in this year. she didn't feel that was coming she felt people were in good financial situations and called it normalization of where the delynn quengi delinquencies would be. larry: other thing, the business about billion ai bilge billionaires don't pay their fair share, you can't judge billionaire income based own

the 2019 and 2020 were trump years edward lawrence. reporter: it was march of 2019 she was using, early 2019. and that -- . offed that out to her that was before president biden policies were put in place, start from that location, this is where we were. and here is where we are now. when this president went into office, she changed subject saying they have to do investment to get the economy going, an interesting point, i talked with her about credit card debt. not just within the federal government, she believes that the credit card debt was manageable right now for americans. and it is seem like it is inching up with delinquencies we lated to credit card and autos, this might be a breaking point for consumer at some point in this year. she didn't feel that was coming she felt people were in good financial situations and called it normalization of where the delynn delinquencies would be. larry: other thing, the business about billi bilge billionaires don't pay their fair share, you can't judge billionaire income based own r realize c

larry: edward lawrence that i you stay with us with former omb direct tore vogt.his is great enter view. i love the headline from the "reason" magazine. white house claims borrowing 1trillion over the next decade is fiscally responsible. so that is point number one, since when is 16 trillion fiscally responsible? the subheading, if you can't even get close to the balancing the budget, when unemployment low, tax revenues near record highs, the economy is booming when can you do it? now that is point number two. hats off to "reason" magazine. treasury secretary janet yellen, very smart, very experienced, very accomplished public servant, don't get me wrong but she was kind of dodging my friend edward lawrence on the issue of tax hikes damaging the economy and falling real worker wages and the problem with all of that borrowing but one generic point i want to make is the biden budget doesn't even bother to show balance at the end of the 10-year window, doesn't even bother. not even a phony path to a budget balance. not even ginning up outrageous growth projections or

edward lawrence let me ask you one or two things.ook the tragedy, tragedy of the baltimore bridge and harbor is the lost souls. it looks pretty bad right now, okay. having said that i thought janet yellen said today that the federal government wouldn't pay or cover all the charges. there would be insurance. now i thought your report or i thought somebody said that buttigieg said that uncle sam was going to pay for everything. which is it? >> reporter: so it is probably a combination of both, possibly could be some liability on the company that owns it. the government will pay up front. pete buttigieg says that there is an emergency fund under the bipartisan infrastructure bill that will pay up front regardless. on the back end they will see if insurance will cover any of it as well as any liability from the company that owns the ship. larry: i got it. edward lawrence, thank you ever so much. we appreciate the run down as always. joining me senator mike lee from the great state of utah. senator lee, welcome. one of the quickies that c

larry: absolutely, edward lawrence.ments which, you know, in the short run stimulates consumer demand. anyway, thank you for that. we appreciate as always, edward lawrence. rett's bring in our distinguished guests, steve forbes, forbes media chairman, editor-in-chief, author of inflation, what it is, why it is bad, how to fix it, art laffer, former reagan economist, former presidential medal of freedom recipient and author of "taxes have consequences." talking to steve here on the set, you deserted us and stayed away, under trump, the average working class, the average working stiff, whether white, brown, black, women, female, whatever, the average working person had real increase under trump. under biden the average working stiff got a pay cut. not surprisingly the voters favor the pay increase. that may be too simplified. i don't know the polls are showing that, but what do you think? >> i think that is exactly correct. median wages were up like $6,000 under trump and they dropped sharply under biden right away. they

about what edward lawrence mentioned is interesting.nonymouses in, they have been flat for two years, this economy is probably soggier than some of recent gd f reports might -- gdp reports might suggest. >> you are right, in end they come back and revised numbers for gdp numbers for biden administration they will go down, inflation measures have not correctly measured it. we have talked about it interest costs are in the cpi . the monthly payment for your cargos up that does not inflation, but that affects your life, i filled up my car today that cost me 80, it would have been 40, 3 years ago, that is what everyone is going through. that is not measures in inflation measure it is too low. larry: faulkender. biden talks about shrinkplation, i think it is in his polls, the last word. >> they are. the american people know those numbers, that edward lawrence talked about with regard to how far their wages go t compared to price increases, american people are 2.5% behind in teterms of hourly wages are for them. they know what kind of economy

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our own edward lawrence live at the white house with more. edward, what can you tell us?larry, we have not seen the producer price index this high in six months. that's the companies are paying to buy the goods to make the goods they sell to all of us. it is 1.6% year-over-year. .6% month over month. that is well more than expected at least in this and it is also putting pressure on inflation. when you look at rising gas prices here, prices are up two cents overnight, almost to the levels they were a year ago. the average hourly earnings up 4.3% year-over-year. all of this keeps pressure on prices being higher, causing more americans to resort to their credit cards. the treasury secretary telling me she is not concerned about credit card delinquencies increasing. >> over time they have spent some of that buffer of savings and particularly lower income households are borrowing again on credit cards. i see that as a normalization rather than a disturbing new trend. >> reporter: market experts like stephanie pomboy say when you adjust retail sales for inflation they have bee

lawrence with all the details -- 18%, yo you are watching "mornings with maria" live on fox businessle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day. schedule a free consultation. ♪(relaxing music)♪ (♪) (♪) (♪) (♪) (♪) (♪) book in the hotels.com app to find your perfect somewhere. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait. no i'm always hot. sleep number does that. now, save up to $1,000 on select sleep number smart beds. plus, special financing. shop now at sleepnumber.com he have biden touting economy as americans grapple we'll sky-high prices in order to get a deeper look at how the biden administration, used views this economy edward lawrence will sit down with treasury secretary janet yellen today live in liztown kentucky with more. >> that interview in a few hours, she has not been on fox busine

edward lawrence following that in kentucky. following perhaps a bigger problem, the nation's number 1 concern among voters right now no matter where you go, that's what is happening at the border. for barack obama, it's more about who is getting through at that border, not the sheer number of got-aways, but the worrisome individuals among those got-away. what we're learning and what he's fearing next. i'm sarah escherich, i'm the life enrichment director at independence village, the senior living community in waukee, iowa. everybody here really, really make you feel like family and that they love you. our goal with tiktok was to enrich the lives of our residents and just to be able to show people what senior living can be like. i think i am a tiktok grandma. my kids think i am. i mean, we're the ones that are being entertained. time goes faster when you're having fun. did you know... 80% of women are struggling with hair damage? just like i was. dryness and frizz could be damaged hair that can't retain moisture. new pantene mir

but first up our own edward lawrence has the latest tidbits from the white house a press briefing. edward what have you got? >> they are focused on what happened in baltimore. the bridge collapsed. maryland is still in the recovery mode looking for the six victims missing in the bridge collapsed still. but today and the briefing the transportation secretary pete buttigieg was in the white house briefing today to reassure america the administration will pay u upfront to replace the princess key bridge in baltimore but it will take time but it's faster than the five are subject to build the bridge in the 70s. secretary saying it's a lot faster to reopen the port itself. possibly it less than a year. the major issue there is part of the bridge is on the bow of the ship. a push the ship resting it on the bottom of baltimore harbor. crews have to remove the bridge and reflect the container ship that's 200 million pounds more than the weight of the washington monument. at the end of this we could see operational changes. let's listen. >> what kind of changes could relate to the operation

but first up our own edward lawrence has the latest tidbits from the white house a press briefing.dward what have you got? >> they are focused on what happened in baltimore. the bridge collapsed. maryland is still in the recovery mode looking for the six victims missing in the bridge collapsed still. but today and the briefing the transportation secretary pete buttigieg was in the white house briefing today to reassure america the administration will pay upfront to replace the princess key bridge in baltimore but it will take time but it's faster than the five are subject to build the bridge in the 70s. secretary saying it's a lot faster to reopen the port itself. possibly it less than a year. the major issue there is part of the bridge is on the bow of the ship. a push the ship resting it on the bottom of baltimore harbor. crews have to remove the bridge and reflect the container ship that's 200 million pounds more than the weight of the washington monument. at the end of this we could see operational changes. let's listen. >> what kind of changes could relate to the operation of

larry: thanks very much is, edward lawrence. we appreciate it.istinguished governor of north dakota, edward burgum. douglas burgum, rather, sorry. governor,ring you probably heard what edward lawrence said. do you have a thought on this business? nippon steel has a much higher bid than cleveland cliffs or other companies for u.s. steel, but what do you think about a this? if. >> well, japan is our ally. japan's got a fantastic record of owning assets in the united states and being a great partner in those communities with those team members, with those, the members that work at those whether it's an auto plant if manufacturer. i don't know what the biden administration is screaming about here. i mean, i think the sad part is, i mean, we're talking a $14 billion i offer on an $8, 9 billion market cap company? this is tech companies that the people have never hard of that got two or three times that. it's just sad that the unions and others involved in this thing have allowed u.s. steel to be run down to such a small, little company from a market c

i'm edward lawrence in washington.mbers coming up and across the bay area this afternoon. >> a plenty of sunshineúand temps in the 60s. i'll have a look at what for the rest of today, as well as the weekend coming up can neuriva support your brain health? mary, janet, hey!! (thinking: eddie, no frasier, frank... frank?) fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge. crosswalk near the school. intef fi avenue and calle de barcelona is extremely dangerous. this ma shows it's three way junction with no stop- signs, no traffic lights. >> one of the biggest problems with this intersection is that safety features. in mind. tohe accommodate that high volume of students that go across that crosswalk, 225 parents signed a petition calling for a three way stop sign. >> their other suggestions include reducing the speed limit for cars going through the intersection. cupertino safety advocates say the city has added more safety measures at other sch

she withholds a lot of interviews but not when it comes to edward lawrence.out, after this. ♪ investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. (luke) this will be a gold mine of local intel. just you wait. (marci) right. so, tell us about this corn festival? (stylist 1) oooh you got your corn pudding... you got your corn chowder... (marci) so... is it safe around here? (stylist 2) sometimes. (luke) if a family of eight were to need a cold plunge, where would they find it? (stylist 1) ...and then they dip it in butter, then bam, it goes right in. (stylist 2) ...really cute vampire bar. (stylist 1) the reverend does like a blessing on the corn. (luke) donut shops. how far from here? (marci) no eyebrows? (luke) think of how light it'll feel in the summer. we've got to run. eleven thousand more neighborhoods to go! (vo) ding dong! h

larry: all right, edward lawrence. what a joyous presentation, we appreciate it. a couple thoughts from me, i want to congratulate joe biden, who continues to believe that he can tax the nation into prosperity. i say congrats, because the history of tax hikes shows that revenue increases never pan out. the economy is depressed. and investment falters, and that is not enough, you would eliminate -- emulating western europe which has been taxing itself into recession for decades, including right now. not big government socialism, but it comes close, doesn't it? i'm proud of you mr. president. you never miss a progressive beat, i don't want to ignore the spending increases in the budget. now, mr. biden flagged it in his bellicose. state of the union speech last week. but in today's my biden budget, it is true flu blues, right there raise corporate tax, let foreign government tack o -- fax our corporations and bring back book value tack thatt tax, raising top income tax, raise any number of investment taxes, go for the unconstitutional wealth tax own realized capital

larry: all right, thank you edward lawrence. now let's see, a recap of market, a big day, it was up 400, kelly o'grady giving us details, hello, kelly. reporter: investors like the sound of when not if when it comes to rate cuts, the news by powell sent markets flying, s&p 500 and dow hit all-time highs,. the nazdaq also finishing up. but not a record the, this is s&p's 19i 19th record close in 2024, second straight record close, and bond yields fell on news of pending rate cuts. and magnificent 7 tech stocks powered market rally, today was no different, met agoogle, and even tesla finishing in the green, investors bet they have most to gain from interest rate cuts. a growth sector. the financial stocks were also up today, you have bank stocks and credit card companies seeing nice bumps, american express in particular. jumped close to 4%, rate cuts could mean more spending from consumers, less defaults, and chipotle, very tasty dish on wall street, announcing a 50 to 1 stock split, it gained 3 fi 5%, tomorrow, the big one to wat

larry: all right, thank you edward lawrence. now let's see, a recap of market, a big day, it was up 400, kelly o'grady giving us details, hello, kelly. reporter: investors like the sound of when not if when it comes to rate cuts, the news by powell sent markets flying, s&p 500 and dow hit all-time highs,. the nazdaq also finishing up. but not a record the, this is s&p's 1 19th record close in 2024, second straight record close, and bond yields fell on news of pending rate cuts. and magnificent 7 tech stocks powered market rally, today was no different, met agoogle, and even tesla finishing in the green, investors bet they have most to gain from interest rate cuts. a growth sector. the financial stocks were also up today, you have bank stocks and credit card companies seeing nice bumps, american express in particular. jumped close to 4%, rate cuts could mean more spending from consumers, less defaults, and chipotle, very tasty dish on wall street, announcing a 50 to 1 stock split, it gained 3 fi 5%, tomorrow, the big one to watch

dodonald trump will take his campaign around the country, first, very own great edward lawrence live at white house with details on tuesday's history it was interesting it was. reporter: it was a huge win for former president trump, nikki haley won one state on super tuesday she did bow out of race, she did not endorse former president but offered this advice. >> it is now up to donald trump to earn the votes of those in our party and beyond it who did not support him. i hope he does that. at its best politics is about bringing people into our cause. not turning them away. and our conservative cause badly needs more people. reporter: immediately after this announcement, mitch mcconnell endorsed former president trump bringing some old conservative guard into the trump camp. in a statement from biden campaign president said, donald trump made it clear he does not want nikki haley supporters, i want to be clear there is place for them in my campaign, i know there is not a lot we agree on but fundamental issues of preserves american democracy, standing up for rule of law treating each o

edward lawrence has that story coming up.nvy of the world. peter morici is next. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. (christina) with verizon business unlimited, i get 5g, truly unlimited data, and unlimited hotspot data. so, no matter what, i'm running this kitchen. (vo) make the switch. it's your business. it's your verizon. ♪ students... students of any age, from anywhere. students in a new kind of classroom. ♪ using our technology to power different ways of learning. ♪ harnessing ai to plant new beginnings. ♪ so when minds grow, opportunities follow. ♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi!

i'm edward lawrence in washington.inder that you can now stream ktvu news on your smart tv. >> you can watch live newscasts and stories on demand on your amazon fire tv, or android tv. just search for spthe fox loca app and then select ktv is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. get started for $49 a month. plus, ask how to get up to a $800 prepaid card with a qualifying internet package. don't wait, call and switch today! where lawrence takes a closer look inside the numbers. sp>> there were more in februar. the unemployment rate rose.úthew jobs last month. about 75,000 more than expected. and the unemployment rate rose to 3.9, breaking a three month st

treasury secretary janet yellen sat down with edward lawrence with an exclusive interview, edward is've got to go. ok. bye. mom! (♪) -thanks mom. -yeah. (♪) (♪) you were made to dream about it for years. we were made to help you book it in minutes. there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the only way we go. stuart: edward lawrence sat down and wanted to tell you about our state of the economy today? the state of economy is going to get better throughout the year and i'm still sitting in the seat and we finish the interview with secretary yellen and elizabeth town kentucky i asked her where we were when president biden came into office and where we are now if you look at chicken breast from the day pres

ddonald trump will take his campaign around the country, first, very own great edward lawrence live at white house with details on tuesday's history it was interesting it was. reporter: it was a huge win for former president trump, nikki haley won one state on super tuesday she did bow out of race, she did not endorse former president but offered this advice. >> it is now up to donald trump to earn the votes of those in our party and beyond it who did not support him. i hope he does that. at its best politics is about bringing people into our cause. not turning them away. and our conservative cause badly needs more people. reporter: immediately after this announcement, mitch mcconnell endorsed former president trump bringing some old conservative guard into the trump camp. in a statement from biden campaign president said, donald trump made it clear he does not want nikki haley supporters, i want to be clear there is place for them in my campaign, i know there is not a lot we agree on but fundamental issues of preserves american democracy, standing up for rule of law treating each othe

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larry: all right, edward lawrence. what a joyous presentation, we appreciate it. a couple thoughts from me, i want to congratulate joe biden, who continues to believe that he can tax the nation into prosperity. i say congrats, because the history of tax hikes shows that revenue increases never pan out. the economy is depressed. and investment falters, and that is not enough, you would eliminate -- emulating western europe which has been taxing itself into recession for decades, including right now. not big government socialism, but it comes close, doesn't it? i'm proud of you mr. president. you never miss a progressive beat, i don't want to ignore the spending increases in the budget. now, mr. biden flagged it in his bellicose. state of the union speech last week. but in today's my biden budget, it is true f blues, right there raise corporate tax, let foreign government tac -- fax our corporations and bring back book value tack tax, raising top income tax, raise any number of investment taxes, go for the unconstitutional wealth tax own realized capital gains. jack

stuart: edward lawrence, thank you very much.ng in christian whiten, former state deny official. should american capital be going to china at this point, christian? >> no, it shouldn't. all the signs, you wonder if these executives have read a newspaper in the last ten years. next door in hong kong, that's part of china, there's jimmy lye locked up and he was a magnet tycoon guilty of run ago pro democracy newspaper and so many of the companies are dependent on china. tim cook not at this final confabwith xi jinping but cut a video of how much he loves china and apple lost 25% of market share and produces more than 95% of iphones, max, i pads, et cetera in china. you have people here who are really naive about the last ten years and naive about tariffs if donald trump comes back to the white house. stuart: i wonder if american executives in china, not the high level people there now, but come down the food chain a bit and you're a american, executive in china, are you safe? >> you're not. the chinese government both in hong kong

edward lawrence has the story coming up for you. squad members salon omar and pramila jayapal made a secret visit to cuba to discuss human rights which why would my was of congress visit a communist case and tell no one. carlos jimenez is the only cuban-american member of congress and he is fired up about this. ♪ mit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. planning to move? join the 6 million families who discovered a smarter, more flexible way to move, with pods. save up to 20% now for a limited time. whether you're moving across town or across the country. save up to 20% at pods dot com today. ( ♪ ) i got injured, um, my back got injured very bad. i was off work for about a year. did physical therapy, did... you name it i did it. i heard about relief factor from my wife. she basica

all i heard from edward lawrence, tax-and-spend, tax-and-spend, that is old-fashioned liberalism non-f the preliminary numbers and not to budget, there is not virtually a single program that joe biden wants to get rid of or cut. it is basically expand programs, the new housing initiatives and welfare programs and more and more taxes on the top 1%, by the way we talked about this a couple weeks ago the top 1% america the millionaires and billionaires are paying a must-have of the income tax, we have a system that is heavily depend on rich people we have to start taking a chainsaw to the budget and he won't even take tweezers to the budget. stuart: do you think i the republican party the republicans do you think they could take a chainsaw to spending i cannot see that. >> this is a problem. i think biden has been the most financially reckless president in history but i have been in this game 40 years. i was curious that the new budget that biden is coming out with is at a 6 trillion-dollar budget, four years ago when i arrived in the mid-1980s the entire federal budget was 1 trillion we

but first up right here our own edward lawrence is live with all the good news.'m congratulating joe biden. he followed through on his state of the union with this terrific budget proposal. edward, what can you tell us? >> reporter: yeah, tax-and-spend, right, that is exactly what he pitched at the state of the union. that is exactly what we're seeing. he wants to spend $7.3 trillion in this budget. that is more than last year. to pay for that in the budget he plans large tax increases, basically awe cross the board. those taxes would bring in $5.5 trillion which is more than 403 billion more than last year. still, leaving a deficit of $1.8 trillion in 2025. so the numbers don't add up. he wants to expand free community college. expanded child tax credit while creating a child care and development grants to pay for lower income families and national hepatitis-c elimination program. >> there is not virtually a single program that joe biden wants to get rid of or even wants to cut. basically expand programs, these new housing initiatives, new welfare programs, just

i'm edward lawrence, the general election campaign taking the new cycle, biden/trump rematches all but guarantee. following the exit of nikki haley the former south carolina governor suspending her campaign after donald trump swept all but one supertuesday state, haley did not endorse a former president but urged him to unite and grow the republican party. >> it is up to donald trump to earn the votes of those in our party and beyond it who did not support him. i hope he does that. at its best, politics is about bringing people into your cause, not turning them away. our conservative cause badly needs more people. this is now his time for choosing. ed:dan heninger and jason riley, the presidential landscape firmed up after supertuesday, we have a heavyweight battle between donald trump and president biden in the ring, interesting mental note. what is the about of nikki haley due to the republican side of the ticket? >> it leaves part of the republican side of the ticket unfilled. nikki haley, are shout out to what she accomplished. when she got into the race she reached polling of 1% a

edward lawrence has more from the white house, high, edward. >> the prices are up 18% since presidentthe president is also going to blame companies now as you heard earlier, blame companies for inflation. the white house has raised expectations for the state of the union address stating he will outline historic achievements. the president will talk about jobs using creative language though. he will say he created 14 million jobs when the truth is the economy added back all the jobs lost in the pandemic and created 5.4 million jobs. at the president will repeat the sentiment from earlier this week. >> the wages are up more than prices. unemployment is reaching historic lows and families are getting finally a little breathing room. prices are still too high and they shouldn't be this i. that is why we will do everything we can to keep lowering costs for hardworking families. >> but the lowering cost sounds good and affects a smaller group of people, for example, insulin $35 only for those on medicare part d and only part b if it comes from a pump that is covered. when he talks about low

because we have $34 trillion in debt and fox business' white house correspondent edward lawrence spoke. watch this. >> are you concerned about chipping away at the reserve currency status? >> i think the dollar has always been and i believe will remain the most important reserve currency. there really is no rival in terms of the depth of u.s. financial markets, the liquidity of u.s. treasuries, the institutional and legal structure underpinning the use of the dollar and its broad acceptability. maria: what do you think? your reaction. >> what is the secretary of the debt going to say? maria: secretary of debt, yes. >> like asking larry fink if he's bullish on the stock market. the reserve currency, as fragile as it is, it's one that's terrifically long lived on a historical term. british pound was the coca-cola of monetary brands of it's day. it lingered long after great britain lost the -- it lingered into the 1950s. the dollar does have the virtue of being as it were the cleanest dirty shirt in the not entirely presentable laundry of worldwide you paper currencies but we are running

edward lawrence is live at the white house with more. edward. reporter: yeah, there might be a political tint to it tonight. we know that prices are up 18% since president joe biden came into office. the president is back to blaming companies for inflation now, and the president also tonight, we will not hear him use the word inflation. it's like lord voldemort and he created 14 million he'll say and the truth is the economy added back all the jobs from the pandemic and created 5.4 million and the former clinton adviser here says the president needs to go beyond jobs tonight. >> in the past, americans were typically focused mostly on the jobs report and the unemployment rate, but with good employment numbers, the real thing that has people ticked off is, you know, that it costs more when you go to the grocery store or go out or do whatever it is you want to do in life or try to get a house and a mortgage. that's what he really needs to address. reporter: the president will say that he's bringing down costs but if you read the fine print on this

let's go straight to our own edward lawrence live from the federal reserve.dward, how was the broadway show today? >> reporter: it was great, opening act, closing act. there was no intermission. i can testimony you the fed decided to pause for the fifth straight time in the federal funds rates as you know that sets interest rates with a pause there the federal reserve chairman said he just did not see the data make that first rate cut. we know inflation is accelerating month over month and pce, cpi inflation reports over the last two months. we've seen that. the fed chairman says that is bumpy road to get inflation down. the pause does a lot for inflation for the fed to move up. >> i take the two of them together and i think they haven't really changed the overall story which is that of inflation moving down gradually sometimes a bumpy road towards 2%. i don't think that story has changed. >> reporter: so the fed chairman also received two letters in the past few days from congressional democratic lawmakers calling for rate cuts. one, because higher rates the

edward lawrence is at the white house with the latest.reporter: well, liz, now that we have it basically down to two candidates, president joe biden and former president trump donald trump, the -- president donald trump, the democrats have started to take a new line. hillary clinton saying it's a choice twine two -- between two old candidates. the president asking for permission to stay in a meeting yesterday or on friday with the italian prime minister mixing up ukraine and gaza. >> we're going to join with our friends in jordan and others in providing airdrops of additional food and supplies in the ukraine and seek to continue to open up other avenues in ukraine including the possibility of a marine corridor. >> reporter: the president also relies on a teleprompter, so i asked about the president's other crutch. why does the president rely so heavily on notecards? >> you're upset because the president has motecards? you're asking me a question about the president having notecards? the president whos has had a -- probably one of the most

edward lawrence questioning karine jean-pierre about this yesterday.. >> when will the president hold another news conference so we can ask a question without having helicopters in the background. >> it have anything to share obvious. the president as you reducing he takes questions pretty regularly and enjoys having engagement with all of you. i don't have a press conference to lay out for you. >> is our talk of one. >> i don't have anything as a president enjoys engaging with all of you on a regular basis and he will continue to do that. i think i have to go. maria: joe borelli i'm not sure she's referring to that the president takes all these questions on a regular basis i have not seen any of that. maybe when he's walking air force one he'll take a question when is going on the airplane but he does not take questions regularly at all what is she talking about. >> one thing symbolic of this a administration that the president does not take questions. he is not taking questions like president trump did certainly not like president obama or anyone in

>> bret: edward lawrence, thanks. >> bret: the house has approved legislation requiring owners of thek social media app. to sever their relationship with china or to be banned in this country. congressional correspondent aishah hasnie has reaction from capitol hill. tells us what the next move is for this measure. >> i want president biden and all the politicians to know this will heavily influence on how i vote from today and for the rest of my life. >> outrage tonight from young people on tiktok. >> the yeas are 352, the nays are 65. >> after the house overwhelmingly passed the bill that could lead to banning the popular app. >> the number we posted today i think makes it impossible for the senate to ignore. >> tiktok slamming lawmakers fast tracking the process saying the bill was jammed through for one reason, it's a ban i do not support a ban on legislation. the. >> gives the platform six months to cut its china ties. the bills passed in the senate remains unclear. mark warner and vice chair marco rubio now endorse the legislation. as does the white house. >> we want to see the s

larry: all right, very interesting, edward lawrence as always, great stuff.e appreciate it so much. now folks, couple extra thoughts from me. not enough that donald trump romped to victory in 14 out of 15 "super tuesday" primary states last night. he will wrap up the gop nomination in a couple of weeks and really, year or two ago, wait a second, a year or three ago, no one, virtually no one honestly expected any of this to happen. it's a comeback, it's a comeback for the ages. remember he also won crushing victories in iowa and new hampshire and south carolina and michigan before last night. so, no, it's not enough for pundits to keep trying to chip away at the former president's achievement by getting into this dog chases tail argument about unifying the republican party. of course he will unify the republican party. he said so last night. in his speech last evening at mar-a-lago, and he said i will quote, we want to have unity and we're going to have unity and it's going to happen very quickly. and then his money line, and i'm going to quote again, and i ha

neil thank you for all of that, edward lawrence at the white house two. retired ceo, best-selling author, the general is the whole deal, good to have you back, 1% increase roughly in the defense budget that's adjusted for inflation that is a cut are you concerned. i think you can find my answers surprising my concern is about the interest on the debt that we will have to pay and actually exceeding our defense budget. if you go back to the cold war and if you remember the soviet union was spending 40% of gdp in the way that we won the war was to focus on our economy and focus on nuclear deterrence is a way that we prevented were. we need to go back to the same things again the same strategies and we need to focus on rebuilding our infrastructure and our industrial base and rely on nuclear to deter a war with china. we cannot afford a conventional war with china. neil i'm glad you said what you said because it carries a lot more to someone like you worried about interest and eclipsing what we spend on keeping us safe and that's only going to get worse and t

liz: edward lawrence.tensions in the middle east, one company is helping the u.s. in the space race, the military space race, the ceo of saic coming up next the wall street journal reported that goldman sachs ceo david tolman is planning to host several women partners for dinner tonight they may be breaking bread a little too late as a female rainmaker leaves the firm, charlie breaks all of that next. we have the dow, the s&p and the nasdaq all in the green, stay tuned, become be back in a moment. ♪ everyone say space pod! (♪) meanwhile, at a vrbo... when other vacation rentals are just for likes, try one where you'll actually like. oh, it's cold outside. time to protect your vehicle from winter's wrath. of course, the hot sun can be tough on vehicles too. you need weathertech. laser measured floorliners and cargo liner will shield the carpeting from sand and snow. for your interior, there's seat protector and sunshade. plus, mud flaps and bumpstep for the exterior. while the new impactliner, with shock ab

>> liz: edward lawrence, you are always terrific. we appreciate you very much.'s welcome back to the show. look who is here, former reagan economist, presidential medal of freedom recipient, the one and only art laffer. it is so good to see you again. i thought inflation was transitory -- >> wonderful to see you. >> liz: good to see you. the white house, i thought inflation was transitory. that's what the president said. now it is greedy corporations? >> you know, inflation may be more transitory than we like to think, but prices aren't. the prices are still rising. they're just rising at a slower rate. and that's 18 percent up from when he took office. so inflation is still a very much of a problem, but higher prices will remain a huge problem. you're paying more all the time when you go in. that's the truth. the thing of jobs too, e mac, it is silly, a lot of increase of jobs came from illegal aliens 8 million of them coming over the border. i think about half of them are employed now. that's taken 4 million jobs from people who would have gotten those jobs. a

edward lawrence standing by with more from last night's to hangover. edward, what can you tell us?ughter] >> reporter: well, you said it, larry. we heard one of the most partisan state of the union addresses that the i can remember. it seemed president biden used to occasion to talk directly to his democratic base without much reaching across the aisle or unity in this speech. >> my predecessor, a former republican president, tells putin, quote, do whatever the hell you want. my predecessor and some of you here seek to bury the truth about january 6th. i will not do that. my predecessor is determined to see roe v. wade overturned. he's the reason it was overturned, and he brags about it. my predecessor failed the most basic presidential duty that he owes to american people, the duty the care. >> reporter: 13 times president biden said my predecessor. the president tried to good a response from republicans -- g goad a response which largely failed, and he said israel has the right to defend itself and and then seemingly reached out to voters or in michigan and minnesota who have pro

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edward lawrence fox business. >> ktvu, fox two news at five starts now. driver sent a woman to the hospital while she was in so spmuch pain that she lay in a fetal position with her eyes closed. she could not see the man who hit her. the chp is now investigatingúthat hit and run crash. >> good evening, i'm julie julie haener and i'm greg lee. >> it happened in san mateo county at polhemus road and ago today. drive exactly one wek >> that's where ktvu is.úan reuben joins us live. and anne, they are but that the county does something about that intersection. >> yeah,úthey say real problem. they say or look before making the turn. and last weekúthat had devastating consequences county cyclists is hoping for answers about a hit and run that seriously injured one ofútheir own. >> a vehicle came down the street here, ran, struck her rer wheel, threw her from the bike. >> the crash happened one week ago at polhemus road in ascension drive. the victim, a broken back and the driver in aa gray or silver minivan or suv took off. >> it'seg

elizabeth: edward lawrence, thank you so much.in the former ceo and chairman of home depot and chrysler automotive, bob nardelli. bob, we need you. you're so smart. we're big fans of yours. so you heard edward's report. we're thinking you also saw the president touting the economy last night. when you see the government, which is now at a record 3 million workers, most in history, when you hear the president touting the economy, don't you need more private sector u.s. taxpayers to pay for more government workers? this feels upside down. >> well or, liz, thanks. it's great to be with you again, as always. you know, i listened to the state of the union last night. it was loud and seemed a little angry. but what i call that kind of headline is deceptively correct. it's just like the job report today. i always like to look one layer below as was mentioned. you know, the government has created twice the amount, number of jobs in '23 than they did in '22. so if you think about that in business when you have the debt that's increasing, c

in that interview with edward lawrence on fox business.tration bringing prices down. one of their first priorities. well, it hasn't been. the prices haven't come down. even though the rate of inflation has slowed, it just means prices are going up less quickly than they were before. let's talk about some of these staples. these are things everybody has in their home. starting with the baby wipes in the front. your reference price in 2020 might have been $4.25. that's what people paid. >> steve: so in your head you are thinking it costs please a little over 4 bucks. >> not anymore. $6.64 for the baby wipes and if you have a baby you know how many of those you are going through. >> steve: i have two grandkids. >> exactly a lot. let's talk about the bleach. that's also another staple. >> steve: i can't believe the price of this. >> 7.78. now in 2024. 4.87. that's almost double. >> in my head can i remember when a clorox was like 99 cents. >> exactly. >> and paper towels. we all go through these pandemic, remember, people started stocking up o

edward lawrence at white house.dy charlie gasparino and what to expect to hear out of donald trump and he's been successful at pushing back in a lot of high pressure situations and costly in the civil suit payments to make and what do you make of what he'll likely say on the supreme court ruling and where he stands legally? >> we well, i think he'll say sf that's benefited him that he's being persecuted by the deep state, by the liberal establishment, by the biden administration, and he's going to have the republican nomination sewn up in a few days, and if you look at the polling, he's actually now pulling ahead of biden. he's starting to convince people there is something deeper here than just a big conspiracy theory they're out to get donald trump. you know this because some of the cases against him are so absurd. i mean, let's go through them all. fani willis, okay. he yelled at secretary of state of georgia and bring as rico case and overpays the lawyer -- the prosecutor on the rico case who she's having an aff

edward i always enjoy chatting, edward lawrence. also enjoy chatting with david nicholas, nicholas wealth management and we've got adam ga visi here as well, editor in chief, so david, to you first first your expectations of very few see any action today but we do see hints of where the fed might go after today. are you in the camp of what the dot plot said last december that it was still going to be three rate cuts in 2024? >> well, neil, it's amazing how far we've come. just three months ago we were looking at eight cuts the market was expecting and now that number is down to three. i think if you look at inflation as a whole, inflation is stubborn but it's not accelerating rapidly so i think that works in the fed's favor. the fed has been looking for the inflation to stop accelerating, we're there, but if you look at the super course, if you take out goods, housing and energy january that was up .9% last month came down .45% so the services sector which is a big part of our economy is still seeing inflation, so that's a challenge

fox's edward lawrence takes a look inside the numbers.sted in february, though. >> the unemployment rate rose. the job market created 275,000 new jobs last month. about 75,000 more than expected, and the unemployment rate rose to 3.9, breaking a three month streak of unemployment at 3.7. >> rising employment is a big thing, and it might put a little pressure on the fed. so that's i think that's a good thing. >> while hiring continued at a brisk pace in february, the labor department revised its readings from the previous two months. january's blockbuster 353,000 gain was revised lowert& to 229,000. >> the revision downward revision in january is not that surprising, because that's the biggest month for the seasonal adjustments, so i'm glad they got it right. for lack of a better word. >> meanwhile, the labor force participation rate held steady for a third consecutive month, coming in at 62.5. and there's a sign wage increases are moderating month over month. a sign of progress for the fed's inflation fighting. average hourly earnings ros

edward lawrence at the white house.t is the administration doing to fix these poor polling numbers? >> trying to re-message things after the state of the union. to change the perception of the way people are thinking about the economy. 3 years into this administration, we see prices up, this affects every one. under this president the price of food increased 21%. the president announcing a new strikeforce, the mission to make sure companies don't unfairly raise prices made up of doj, jared bernstein arguing the people should feel better than they do. >> we have to do more, junk fees is something he has been going after aggressively, shrink laois and -- >> responding to cookie monster in the post on x, cookie monster saying it is making cookies smaller, the white house official account replying consumers being ripped off and president biden calling on companies to put a stop to it. inflation took off from the month president biden started implementing its policies, still has not come back to the 2% target? >> we have sti