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tv   Americas Newsroom  FOX News  June 3, 2022 6:00am-8:00am PDT

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>> neil, thank you. >> thank you, piers and ainsley. >> i'll see you at 3:00 this afternoon eastern time. thank you for joining us for our special coverage of the queen's jubilee. >> bill: good morning. friday we begin with america's money and the new monthly job numbers beating expectations. what it says about the nationwide labor shortage and inflation that pummeling your pocketbook. nice day to be in london, would it not? >> it looks like they're having a good time. >> welcome to friday. dana has time off and julie is back with us today. >> i'm julie banderas. good morning on a friday. this is "america's newsroom." the u.s. has added 390,000 jobs last month. better than expected but the lowest growth since april of last year.
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unemployment staying at 3.6 pers percent. >> bill: there are at the moment 11.4 million jobs open and 6 million unemployed americans which means the math says two jobs for every person that's looking for work today. >> gas is soaring. another record high today. $4.76 a gallon now. that's nearly twice as high as when president biden took office. >> bill: here is the good news. wages rising slightly up 5.2%. not enough to keep up with inflation is the bad news. that disparity creating a nationwide pay cut. >> team fox coverage this morning. jacqui heinrich and we begin with kelly o'grady live from los angeles. kelly. >> today marks the first weekend of june. you would normally have people excited for weekend getaways, beach trips. instead drivers are facing more dread at the pumps. today is the seventh straight
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day of record highs. the national average jumped 5 cents overnight. that's just two cents shy of double the price when president biden took office. that means an extra $33 every time you fill up in a world where every else costs more as well. the administration is defending its efforts with council director brian deese tapping the strategic petroleum reserves helped. drivers are now paying more than 56 cents than they were a month ago. folks are at their breaking point here. >> i have had to turn down jobs in sim i valley because i can't afford the gas money. i would end up making just enough to cover the gas money essentially. >> just to get to school and home every day is costing us $150 a week. >> everyone is hurting right now. let's figure it out, please. >> hopes are now resting on opec plus the coalition announcing it will increase the
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size of its oil supply hike by 50%. ministers a agreeing the group should at 200 barrels a day in july and august. the opec increase will plug the hole from an e.u. russian oil ban but not increase supply from current levels and why some industry analysts things will get worse before they get better and some predicting we could see $5 a gallon in two weeks. over my shoulders $5 would be a relief in los angeles. >> bill: unbelievable statement there. team fox coverage continues. jacqui heinrich from the white house today. good morning. >> good morning to you, bill. the president is slated to speak about the may jobs report at 10:30 this morning. earlier this week the white house was bracing the country for less of the record breaking jobs creation numbers that they often point to as a sign of success signaling they thought
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it would be not so good. the president wrote in an op-ed in the "wall street journal" quote this will be cause for concern, rather the average monthly job creations shifts from current levels of 500 something to closer to 150,000 a sign will be moving into the next phase of recovery. economists expected the lowest growth in 13 months. the jobs report came in at 390,000 new jobs, less than the 428,000 added in april but still more than 323,000 that was expected. unemployment rate remained the sai. it was expected to decline by 1/10. inflation is eating away at wages. wage growth fell to 5.2% down from 5.4% in april. and with energy costs driving so much of these price pressures, biden has been pushing opec in increase oil production unwilling to budge on his policies to ramp up production at home. saudi arabia is coming to the
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rescue. he vowed to make them a pariah state. >> president biden: i want to make it clear we were not going to sell more weapons to them. we were going to make them pay the price and make them in fact the pariah that they are. there is very little social redeeming value of the -- in the present government in saudi arabia. >> yesterday the white house koez eid up to saudi arabia in two statements. they recognize them producing more aisle and for the -- as the president tries to repair relations with this country. the president is delivering remarks this morning at 10:30 from the beach in delaware. he is there for the first lady's birthday after he said that he would be working directly with congress on gun control after delivering that impassioned speech last night
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and accusing republicans not wanting to pass new reforms despite a bipartisan group working in the senate now to deliver a framework. >> bill: thank you, jacqui. i don't know if it's going right or left. it was going. jacqui heinrich. >> let's bring in maria bartiromo. what's in the report? >> great to see you both. this report shows solid job growth. however, it over states the strength of the economy because it does not tell us enough about the consumer. that is where we are. i would say this jobs report status quo. 390,000 jobs created for the month of may is good. however, wages are still under water. wages up 5.2% versus an inflation rate of 8.3%. i also would point out the number of jobs created at 390,000 includes a lot of jobs that are low paying, low
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quality jobs. look at the breakdown. 84,000 jobs created in leisure and hospitality. these jobs are typically low-paying jobs. you have education and health, 74,000 jobs there. again, largely low paying, low quality in terms of the amount of jobs. so you see a good number at 390,000 but when you break down the actual jobs created, it is low-paying jobs and you also see cracks in the system as it relates to the consumer. another ceo this morning talking about job cuts. yesterday we had jamie diamond saying that an economic hurricane is on the way and we need to be bracing ourselves. this morning it is elon musk saying that he is going to be cutting 10% of the workforce at tesla. and putting a pause in place for new hiring because he has, quote, a super bad feeling about the economy. that's where we are right now.
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worries about layoffs to come and job cuts in the face of job creation in may. good number, solid job growth but it overstates the strength of this recovery because it's about the consumer. the consumer is working down. the savings rate has plummeted. jamie diamond has consumers have 6 to 9 weeks nreft money in savings and at that point we'll see a serious shift in consumer spending. that's what it's about. consumer spending represents 2/3 of economic growth. >> bill: gas hit another all time high. every day, maria. it is one after the other. now at 4.76 a gallon. just remarkable. on the jamie diamond comment i heard two things this week. he said americans have enough money to spend for the next 6 to 9 months as you pointed out. the head of american express
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yesterday said they see no change essentially in americans' spending that means the dollars are the same right now that they see for people paying. both of those could be true, maria. the question is, on the consumer, when does that trend break? >> right. and that is what we are focused on and why we are looking at retail so closely. we talked about demand destruction the last report that we were together. and that's what we are seeing in a lot of areas. you are seeing customers walk into stores wanting to buy something and then facing sticker shock. they get there and say whoa, i didn't expect this to cost this much. i'm walking out and not buying it. i will go to plan b. that is what demand destruction is all about and then companies when they report earnings, don't have the earnings. they couldn't sell the product. it was too expensive. retail jobs in this report were
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job. 60,000 jobs were cut from retail. you have a number of technology companies right now cutting jobs. the tech sector is now on pace with the highest job cuts in place since the beginning of the pandemic in 2020. so you are seeing real cracks in the consumer if you will because of the job cuts expectations and because of the sting of inflation. it is nice to see wages up 5.2%. unfortunately inflation is up 8.3%. as i've made the point many times on this program, that's an average. a cpi consumer price index at 8.3% does not tell the story. eggs are up 22% year-over-year. the price of an airline ticket is up 33% year-over-year. the price of fish and meat 16, 17, 18%. the stuff that we're buying is up much more than 8%. there is the problem.
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the consumer is getting squeezed from a lot of levels. >> bill: well done. thanks. good to see you, maria bartiromo. >> see you later. >> bill: 10 minutes past. there is this. >> president biden: for god's sake how much more carnage are we willing to accept and how many more innocent american lives must be taken before we say enough, enough? >> bill: there is the prime time address. the president calling on congress to act and if that doesn't work he wants voters to punish republicans this november. how does that play in the mid-terms? newt gingrich is here to analyze coming up. >> from the media darling attorney to prison inmate how the disgraced lawyer's fall from grace has put him behind bars. >> zbl* overdoses going beyond those measures. lawrence jones on the stories of the fortunate few who survived. their message of hope still to come. >> the last 10 years of my youth i would wake up every day
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>> president biden: i respect the culture and tradition and the concerns of lawful gun owners. at the same time, the second amendment like all other rights is not absolute. for god sake, how much more carnage are we willing to accept? how many more innocent american lives must be taken before we say enough? i believe this time a majority of the american people won't give up, either. i believe the majority of you will act to turn your outrage into making this issue central to your vote. >> bill: the white house scheduled that address for prime time last night. president biden taking aim at the second amendment pushing
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for new gun restrictions. will he get them? any of them? newt gingrich here to talk about that and a few other things. thank you for coming back here. here is what the white house is hoping for. among others ban assault weapons and high capacity magazines and/or raise the age to purchase from 18 to 21. limit how many rounds a weapon can hold. expand background checks, red flag laws. there is a small group of bipartisan senators meeting all week seemed like they want to do something. what that would be i don't know. what do you see? >> well look, i think it's possible that you could have a group come together on a so-called red flag bill that would allow us with due process for civil liberties to identify people who are really dangerous and make it impossible. like a no-fly list. they wouldn't be able to buy a gun in a normal, regular gun
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shop that was under federal control in terms of federal laws. whether that would stop them from getting an illegal gun is a different question. but it will be interesting to see if the senate can come together on a fairly narrow bipartisan bill. whether or not pelosi and the democrats in the house will accept it. the whole problem i've been involved in this issue my whole career. the whole problem the way we approach crime. the left knows the answer but don't want to deal with the person. for example, most people in america killed by guns are killed by pistols. most of those pistols are shot in big cities with democratic mayors. most have very left wing district attorneys elected with george sorrow's money who put murderers and rapists back on the street. i heard you go there reporting on the guy who had poured gasoline on a homeless person, set them on fire and that guy had a long rap sheet and was
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out on bail. so i would love to see a serious conversation about keeping americans safe and stopping crime in america, which isn't about guns. it is about people. i'm also frankly agree with ted cruz, that every school should have four or five trained people, teachers, administrators paid an extra stipend to be local guards and i'm pretty clear about this. if some guy walks in a school door carrying a gun, they expose themselves to being shot immediately. i think we have to go back to what will really work as opposed to what is already in the 75th edition of the liberal playbook which has never succeeded anywhere in america. >> bill: another story this past week that i haven't seen in a year and 5 months. i don't think anyone has. but the dam seems to be
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breaking in the mainstream media and how they look at this white house. on screen today at cnn.com the headline. beneath biden's struggle to break through is a deeper dysfunction among white house aides. earlier in the week nbc inside a biden white house drift. "politico" this week, biden sees exodus of black staffers and some frustration among those who remain. what do you think is going on here? a lot of people would say that's what you call shooting inside the tent. why is it happening? who is doing it? what change do they want? >> look, my newsletter coming out tomorrow is going to be on build back poorer and make america broke. that's what is happening. in the real world as these people reach out they are talking to people paying $8 a gallon for gasoline in california. talking to people in states that don't have any infant formula. talking with people who are furious about the price of food.
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they can't possibly control the border. they have a rising crime rate in almost every big city and then they say well, you know, all of that is policies we believe in and in fact the president has been pretty clear. gasoline prices will stay high. he wants to force you to go to some kind of green economy by making the traditional economy so expensive you can't stay there. a woman in pennsylvania said she had to go to five different stores to find infant formula and she couldn't afford the gasoline to go to five different stores. so i think what you are seeing in the white house is everybody is pointing at each other saying this is your fault, this is your fault and then you get a downward spiral as people begin to bite each other and spend their time fighting because they can't change their policies. they really believe in this stuff even if it doesn't work. so you are going to see them continue to go down this direction. >> bill: white house press corps is going after the new
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press secretary on the baby formula story. who knew what when and who told the president when and how did it happen? i don't think they'll let go of it for sometime. the first time we've seen it in a year and a half. mr. speaker, thank you for your time. >> remember, -- i was going to say if you're one of those major media outlets and realize people who read you are in pain. you cover biden or side with the people who read you, the pressure from the country is moving the media. >> bill: thank you. we'll speak again soon. thank you for coming in. >> julie: manhunt for a dangerous criminal in texas, police killing an escaped inmate lopez in a shoot-out that happened overnight. some 200 miles away from where he escaped a prison bust last month. they believe he murdered a family of five just hours before his capture. they caught him driving a pickup truck that apparently belonged to that family.
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lopez was serving time for shooting a sheriff's deputy back in 2004 and for murdering a man with a pick axe on cartel orders. >> bill: appeals court dealing a blow to the progressive policies of l.a. d.a. gascon. bad news for repeat offenders. the u.s. struggling to stop a surge of fentanyl at our border taking a toll on american families. lawrence jones has seen it up close and he is back in new york to tell us what he has learned when we continue.
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good morning. >> good morning to you. this is l.a. d.a. gascon's second major court loss coming at a time of a campaign to recall him say they're almost to the finish line gathering the needed signatures. yesterday a california appeals court ruled that gascon has to obey california's three strikes law which was passed overwhelmingly by california voters back in 1994. gascon had called the law a disaster that leads to over incarceration and he ordered his prosecutors not to enforce it. now last year the lada union sued him over this arguing gascon's directives would force prosecutors to violate california law and their own ethics. a trial court judge agreed and issued an injunction blocking gascon from not following the law. he appealed the decision and lost again yesterday in court with the appellate court writing the district attorney overstates his authority. he is an elected official who must comply with the law.
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not a sovereign with absolute unreviewable discretion. >> this opinion is a slapdown to george gascon saying in essence that you cannot basically put your political preferences over justice and what the voerts of california voted in when they voted over 70% for the three strikes law back in 1994. >> gascon's court loss comes as the campaign to recall him has collected over 500,000 signatures. the most signatures for any petition whatsoever. they need 567,000 verified signatures by july 6 deadline to get the recall on the ballot. a spokesman tells me they are well on track to qualify. gascon is not the only progressive prosecutor in california to be under fire. the effort to recall san francisco d.a. boou dean made the ballot. his fate will be decided on
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voters on tuesday. we'll see what happens with that. >> nice to see you. >> julie: border patrol is struggling to stop an influx of fentanyl. seizures are on track to surpass last year even with agents already intercepting more than 6,000 pounds. but how much more is slipping through the cracks? the number of overdoses continue to rise. most of them caused by fentanyl. let's bring in the host of lawrence jones cross-country lawrence jones. thank you for coming in. good to see you back in new york. excellent work covering that tragic story. >> it was a tragedy and we'll continue to see the details as they unfold there. as it are he later to the border and what's coming across, it is the personal stories that really pull at the heart strings of americans. i think so often when people hear about the border issue they think it is just the border states of arizona, texas, california that it is impacting. that fentanyl that's coming in through the criminal enterprise
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is hurting americans everywhere and why we always say every state is a border state. i think the hard part for democrats and politicians in general to slice is that if you support the illegal crossing coming across the border you support the fentanyl coming across the border. it is hard for people to hear. the same criminal enterprise that's bringing the illegals across the border are the same ones getting the drugs across the border as well as human trafficking. if you support one aspect of it, you support it all. >> bill: it's true. >> it's a hard pill to swallow but that's what it is. >> if you don't want border security you have to live with these consequences. the consequences, matt dillon, he overdosed six years ago. really engaging guy. call for number two. this is how he tried to explain to others who are looking for help and need help. >> help is something that
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brings a bit of shame because we live in this i got this society. but asking for help is the bravest thing anybody can do. >> bill: he had so many profound things to say. he has lived it. >> when i first started covering the crisis and interviewing victims and families i would say overdose and overdose. one interview changed my life. mom said it wasn't an overdose. it was a poisoning. you have the kids that want to experiment with drugs and think they get oxy or -- the drugs are illegal but they are laced with fentanyl and they are getting something they didn't sign up for. i reported back in spraining break incident happened. the kids that also ended up overdosing were people that tried to resuscitate their friends that were overdosing on it. so that shows you how potent fentanyl is. it is coming across the border with fentanyl. >> julie: u.s. border patrol
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chief ortiz tweeted something that was startling. it speaks volumes how disgusting the situation is on the border. a three-day recap. 26 pounds of heroin and meth and water rescues, large groups of migrants, 2,446. three days. 10 sex offenders, 3 gang members. 1 assassination suspect. 3 agents assaulted. extremely proud of the border patrol agents he says. there jobs aren't being made any easier. what is this administration doing to help them? they need help. >> i know the chief is in a bad spot. julie, with those numbers and you are stunned by them. that doesn't include the gotaways. that's the men going across. a lot of the gotaways are the people trafficking the drugs across the border as well as the people. so those numbers are alarming. there is a lot more that are
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coming across the interstates and the border. that tweet she just read goes to your point. >> bill: if you will accept the illegals you are also accepting the drugs, the meth, and the fentanyl and the cocaine and everything else that comes with it. >> we have to go back to not just law and order but understanding these laws were put in place for a reason. many of us have a miscompassion for the people with personal stories. i interview so many of them with fighting in the country. there is a place in asylum court. if congress doesn't like those laws they need to work together to figure out what to do. you can't allow these illegal crossings coming across. the whole purpose of the illegal crossing is to make money and find avenues to get drugs and humans across through human trafficking. they are tools. >> bill: saturday night at 10:00? >> yes, sir. >> bill: cross-country. >> we'll break down a lot of
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that uvalde timeline. sources have been able to give me more and more information of it. we're following the facts wherever they take us. this is personal for me because it is my home state of texas. just because i'm no longer in texas right now, that doesn't mean i won't be following this. >> bill: saturday night at 10:00. thank you, lawrence. stock market is open for six minutes. enacting on the may jobs report. trending lower. 239, 240 to the down side. jobs report came in better than expected. almost 400,000 jobs added. unemployment remained the same at 3.6%. inflation is a major drag on your pocketbook. that is the bottom line in america right now. how the administration deals with it and how long it lasts and deep it runs we wait and see. could president biden's border crisis get even worse? tens of thousands of migrants on the verge of flooding into the country. that's coming up here and there is this.
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>> bill: michael avenatti sentenced to four years in jail for stealing from stormy daniels stealing nearly $300,000 taking advantage of her. a mighty fall considering he was a media darling for going after then president trump repeatedly. >> i am back with attorney avenatti. >> you are like the holy spirit. all places at all times. he is out there saving the country. >> i think you are doing a hell of a job. >> he is rock star, i think. interested to see his next chapter. >> bill: holy spirit, right? >> julie: holy spirit activate, no no. >> bill: son of god.
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i think it was 242 cable appearances. might have been more. >> julie: they were trying to elect him as president. they wanted him to be the president or the holy spirit. i don't know if anybody out there has prayed to avenatti. he is currently serving 30-month sentence for extorting nike out of $20 million. get comfortable and get used to it. behind bars sadly. all right. what a fall from grace. homeland security officials say roughly 50,000 are waiting for the border restriction title 42 to end before crossing into the u.s. officials are already seeing more than 7,000 migrants attempt to cross the border every day. griff jenkins is at a mexican shelter on the mexican side. >> we're in mexico just across the bridge from mcallen where we've been reporting the last few days.
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you get an exclusive look right now into the largest shelter which men's path of life. this shelter is built to hold 800 according to the director here, the pastor. he has more than 1500 in here right now with another 5,000, he says, out in the streets waiting to get in. he has a second shelter. that one way over capacity at about 1,000 as well. the migrants are from honduras, guatemala, el salvador, northern triangle we're used to as well as places like -- he has six russians and a handful of ukrainians who aren't getting along because they want to make this journey. i've been on this side of the mexican/american border many times and i've never seen it like this. one of the challenges about this shelter is pastor silva has a very low covid rate but worried about out in the
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streets some of the migrants coming in could possibly bring it in and he knows that would be devastating to the camp. now when we crossed initially to the original border crossing this morning we ran into a migrant who had just been deported. his name is garrison from honduras and said he got caught -- >> they caught me on a motorcycle. >> you were trying to not get caught. >> i all going to try again. >> you will try again? >> yes, i have to do. >> all this comes, julie, as we are learning there are some 10,000 in southern mexico waiting to make the trek up here, julie. >> julie: thank you very much. live in mexico. >> bill: thank you, griff. a moderate democrat who lost his seat two years ago wants his job back. this will not be easy. cook political report considers
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new york's district solid republican. the former new york congressman max rose with me. there are a lot of head winds out there. how do you sell a campaign with inflation and gas prices and the economy? what would be the -- >> any campaign based around old school salesman ship and pitches are tired of it. how are we going to actually improve public safety? the choice before us in this election is not ideological, it is who is okay with kids getting killed. who is okay with guns streaming into our communities? who is okay with women not having the right to make decisions about their own healthcare decisions? that's what this is about to me. and look, i'm a fighter. i see those forecasts. i'm not a dummy. what is fascinating, though, about being in a seat like mine in a race like mine, the calls are unbelievable.
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the democratic party, there is an element of it that's given up and says all right now our campaigns are only going to be in blue strongholds. that can't be what this party is about. we have got to continue to take our message to every single community and it has to be a message of addition, not subtraction. not one that just appeals to our base. >> bill: i wonder if the democratic pitch you are giving right now is reflective of what we'll hear from many other districts. i asked you about gasoline and inflation and the economy and you pivoted to guns and abortion. >> let's talk about the economy. >> bill: a campaign for people like you and many others in a tight district trying to hang on. >> i think the campaign has got to be in the message has got to go to the core of what the american people are feeling right now. so certainly on the economy we have to have a message and agenda of ideas. people are feeling the pain of inflation. what is striking to me right now, though, is the republican
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party -- i sincerely believe this now, many lieders in the republican party in congress are not presenting ideas about inflation. they aren't presenting ideas for how to address it because they believe that every time we see a statistic about inflation it is to their gain. i saw the same thing from democrats during the trump administration. they were often rooting against the republican party even where there were moments of potential bipartisan compromise. we have to move away from this in this country and towards the solution's-oriented culture. >> bill: one of the ways to cut into inflation is change the energy policy. this administration is not going to do that. cook political report i mentioned it and they write this. democrat max rose has banked 1.4 million since losing to malliotakis by six points. it was he predicated on more favorable district lines.
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they didn't materialize and there is little path. your response to that. >> i run into elections before where wasserman has said i couldn't win and i went on to win. if he was such a good prognosticator he would be making money in the stock market instead of ridiculous predictions. i've lost an election before. there are worse things than losing an election. i was getting calls saying run in another seat. you should run in this -- they made the new seat where bill deblasio is running. whoever beats bill deblasio i will give them my bronze star because they are a hero. they said run to safe districts. i'm not giving up. i'm a fighter. not when we have guns flooding our streets and mass shootings in this country and we can't execute something simple like universal background checks. >> bill: how much does the white house hurt your message? >> here is what i think is the problem with the white house right now. not the president but i don't
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recognize -- i don't recognize this president right now. this is not -- this doesn't seem to be the president biden from scranton who was able to appeal to people across the spectrum. who was fighting for working class people. his staff is really hurting him right now. the clamps are on him and not letting him speak his mind and i think that they are often appealing to the twitters fear and the social media sphere and not going to the hard core things affecting the american people. >> bill: there are a lot of pieces written this week and maybe they're right. it comes back to the man ultimately because he was the one who was elected. >> there is no doubt that leadership matters. i saw that when i deployed to afghanistan. and it is any mind we have to bring hard core solutions back to the american people to deal with inflation, for instance. let's go after the companies price gouging and let's do everything we can to bring the cost of oil down. >> bill: good luck to you. thank you for coming in. we'll reconvene this as we get closer, all right? max rose in new york.
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thank you. >> good to sigh. >> julie: today marks 100 days of war in ukraine. and while ukraine has fought back much longer than expected, president zelenskyy says russia is still making advances. plus a tropical storm is headed for the florida coast. what residents should know as they brace for a potential storm.
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and pay as little as $0. i prefer you didn't! xiidra. not today, dry eye. only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership. >> bill: word from the white house. covid vaccines later this month for kids under the age of five should be ready. assuming the fda and cdc give it the green light. fda will meet in two weeks to go over data from moderna and pfizer. white house covid coordinator saying the administration is planning for a potential roll-out on the third week of june, which would be the 21st of june. >> julie: all right. warning issues along the florida coast with a system growing as it moves up the
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atlantic coast. a lot of rain is expected to drench the sunshine state. fox weather's brandi campbell is in miami with the latest. good morning. >> good morning, julie. i am near downtown miami where we've been feeling the effects of this storm on and off all morning. right now we'll only get a little bit of light rain and getting gusts of wind but we're expecting up to 10 inches of rain in some areas. now we do have some video of earlier when things were a little bit more chaotic while the storm is heading our way, people in miami are still getting out and continuing on their days and some people going to work, lots of car traffic. out behind me people are even out walking dogs. the rain has slowed much of the foot traffic and reactions to this storm regarding what is coming in, some were shocked. people just shocked that really we're getting a storm days after the season opened.
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but also other people aggravated that's what is going on will disrupt their plans and another woman i spoke with lives in the area says she is worried about what the storm will bring in. >> fear because i have a dog and if i need to walk around i always take care of the street so we can be -- at this area we have to be always alert. >> always a good idea to be aware of what is going on in your area. miami and local municipalities along the east coast are taking some actions according to what they are expecting from this storm. so there are some sandbag locations that have been identified. some parking garages are opening allowing for residents to relocate their vehicles to avoid any flooding waters. also south florida water management are opening
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floodgates to lower water canals for water levels in canals and miami international airport adviseing flyers to check in with their airlines before coming to the airport because they have had a lot of cancellations and delays just yesterday and i'm sure they are expecting more today. >> julie: you can bet on that. brandi campbell. thank you so much. if you haven't already, make sure to download the fox weather app. super handy to check the weather. you get warnings, too. i walk out and think i wish someone would have told me. >> bill: it will rain in the next 25 minutes when it buzzes. 10:00 here in new york president biden am mri filing his calls for new laws to reduce gun violence. a rare prime time address. even though lawmakers can't agree on the best approach in his own party. see if they get something done.
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dana has the day off. she is back on monday. julie. >> julie: she was celebrating a birthday. every right to take this trip. i'm julie banderas. president biden telling congress the time to act is now. he wants congress to ban assault weapons and high capacity magazines, expand background checks and pass a nationwide red flag law. which happens to be in effect in new york, by the way. >> most people in america killed by guns are killed by pistols. most of those pistols are shot in big cities with democratic mayors. i would love to see a serious conversation about keeping americans safe and stopping crime in america, which isn't about guns. it is about people. >> bill: aishah hosni watching everything from the hill with more now begin a new hour. aishah, good morning. >> good morning, bill and julie. that's right. congress is acting but
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democrats in the two chambers are not on the same page. late last night house democrats in the judiciary committee advanced a protecting our kids act. sweeping new gun control package. the first to get a hearing since the uvalde school shooting and in it among the many reforms, democrats are aiming to raise the minimum age to buy a semi automatic rifle from 18 to 21 and ban new sales of those high capacity magazines. even threatening to blow up the filibuster and pack the courts to get their way. >> if the filter obstructs us, we'll apolish us. if the supreme court objects. we'll -- the real beef is the second amendment. >> a partisan approach in the house. in the senate a completely different approach where senators, a group of bipartisan senators are huddling together behind closed doors to
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negotiate and come up with some kind of framework for a deal that everyone can stomach, everyone can get behind. in fact, lead democratic negotiator senator chris murphy even wrote a fox news op-ed trying to convince conservatives out there that whatever deal he is able to strike with republicans is not going to take anyone's guns away. >> we are talking about a bill that will make a difference and save lives. it is not everything i want, not even close. it is red flag law us, improving background check systems and more money for mental health. >> but bill and julie, even if the senate somehow clears all the hurdles, it is not clear if those liberal democrats, those on the outside are going to go for anything they deem to be too watered down. a lot more negotiating to come. >> bill: thank you. aishah hosni on the hill.
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>> when we came in, president biden was determined that we recalibrate the relationship with saudi arabia. and to make sure that that relationship was serving our own interests as well as our values as we move forward. >> julie: secretary of state antony blinken backing the president's plans to court energy producers in saudi arabia later this month. it is part of his plan to rebuild energy relations, also to help drive down gas prices here at home. ambassador kurt volker is standing by. first lucas tomlinson is live from the state department with this one. >> today the price of gasoline in this country is double what it was when president biden was sworn in. one of the reasons he is making this trip to saudi arabia after a trip to israel later this month. now as a presidential candidate he said the following about saudi arabia. >> president biden: khashoggi was murdered and dismembered and i believe in the order of the crown prince. we were going to make them pay
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the price and make them in fact the pariah that they are. there is very little social redeeming value of the -- in the present government in saudi arabia. they have to be held accountable. >> the state department and c.i.a. have held saudi crown prince mbs responsible for the murder of saudi journalist khashoggi who biden referenced. with the high price of gasoline and refusal to kick start more domestic production in the united states the white house applauding a move by saudi arabia to pump more oil. the united states welcomes the important decision from opec to increase supply by more than 200,000 barrels per day in july and august based on new market conditions. british prime minister boris johnson, french president macron have visited with mbs and urging president biden to do the same. >> let me just say first his words still stands. what you laid out still stands
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today what you just laid out. >> president biden expected to speak in the new job numbers and his trip to saudi arabia and apparent about face in u.s. policy. >> julie: thank you. >> bill: ambassador kurt volker with us now. former u.s. ambassador for nato. good morning to you. we go hand in hand in saudi arabia pleading with them to drill for more oil. the problem is the reality in america changed. most americans realize and recognize that we can do this on our own. because of that what is your expectation. >> yeah. first off, absolutely. there is no reason why we should not be producing more energy as the united states. we have the reserves. we have the technology. we can become comfortably an energy exporter and it will change the geopolitical dynamics in the world. there is no question we should be doing that even in terms of getting europe off russian gas, which is something we should be focused on.
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you look at the wider world as well. there is a global economy out there. we need to work with a lot of countries. they are not all democracies like we are and not all respecting human rights. we need to be realistic and idealistic at the same time. we can talk about the values but deal with the countries as they are because of the global economy the way it is. >> bill: would you endorse this trip? >> absolutely. he should go to saudi arabia. remember, it is not only about oil and gas, either. we have a major issue with iran. we should be in more in line with saudi arabia with the crisis that iran is provoking including their alignment with syria and the war in yemen. we have a lot that we need to work together with saudi arabia on. we are going to have issues and differences over given rights that i'm sure will come up and it is beneficial for saudi arabia to increase global oil and gas supplies. none of that is an excuse for the u.s. not doing it, too.
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>> bill: we'll follow that trip later this month. in ukraine we will go with the medium range rockets. up and running within the month after training is given to ukrainian soldiers. david french writing earlier in the week characterized the war in a certain way that i don't think a lot of people look at it, all right? the headline is the tide is turning toward russia. then the sub header it's time to face grim facts about the war in ukraine. what he points out there is to paraphrase, slow progress is still progress. putin is still making that progress. how do you see it? is that piece correct? >> no, i don't think it's correct and unfortunately it is part of a drumbeat we're seeing now of people down talking the ukrainians because it is an excuse for us to stop doing what we're doing to help them. and the reality here putin took off with an ambition of eliminating ukraine as a nation
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and as a people. literally a type of genocide and he failed. he had to pull his forces back from kyiv, back from kharkiv, back from other places he was trying to attack. he is now limited objectives to eastern ukraine and there he is putting everything he has into taking one town. he may take it and may be successful but he is weakening their forces overall and ukraine is making counter attacks already in places that russia has already taken. the war is far from over. russia is the i gresor. ukraine is defending itself as we would defend ourselves. they deserve our supports. >> bill: you have seen the reports on putin. what do you believe about his health? does he have cancer? is he fighting cancer or is all of this just speculation? >> well, i think we have to be fairly certain that there are issues with putin's health. we've seen enough reports of
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this. we saw the may 9th parade sitting in early may with a blanket over his legs. we see the puffiness in his features these days. there is something going on. we don't know for sure what it is. they do have good doctors in russia. i'm sure they're doing the best they can with him. i don't think we should make any assumptions that somehow putin's health or demise will solve our problems for us. we have to plan on him being around a long time and therefore plan on setting our policies ourselves with our own stints. >> bill: you believe the war will last for some time. we'll speak again soon. thank you. >> thank you, bill. >> bill: we dropped a brand-new fox nation special looking at a war 80 years ago all too familiar. outnumbered forces in finland put up a fight against an invading soviet army. 1939, the winter war. here is a sample. >> some of the fighters got
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around on skis and had white uniforms that made for successful camouflage. soviet soldiers were sitting ducks. >> they made perfect targets against the white landscape. they were demoted by the resistance. >> the fact the soviets didn't bother to issue white coverings for their troops speaks of arrogance and overestimating their capacity and underestimating the finn. a huge mismatch in close combat. not being able to see your enemy makes you very vulnerable. >> bill: the name of it is the winter war on fox nation. the number of mistakes they pointed out that happened to vladimir putin in ukraine, how many of them were done in 1939 as well. the cost to human lives and myself tree is extraordinary.
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check it out and judge the parallels for yourself. >> julie: to hear the voice of somebody explaining you cannot see your enemy. how do you see your enemy in conditions like that. the video is incredible. >> bill: they took advantage of the circumstances. >> julie: absolutely. okay. >> i got shot through the abdomen, chopped up my liver a little bit. i got another shot in the abdomen and another shot on the top of the leg. >> julie: marijuana dispensaries struggling with a surge of violent robberies. why owners are now turning to congress for help. >> bill: pills laced with deadly amounts of fentanyl and it doesn't take much. finding the way to america's schools. can the federal government stop this? we'll talk to former education secretary bill bennett. >> you have these kids that want to experiment with these drugs and think they get oxy. the drugs are illegal but they are laced with fentanyl and
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>> fastest growing criminal enterprises in the world and people will do anything to protect what they consider their property. >> julie: a joint task force operation in west texas rescuing 70 missing children victimized by sex traffickers. my next guest is fighting to end the exploitation of children. this is the founder and president of operation underground railroad. thank you so much for the service you do. you are doing just exhausting work and it is so sad the number of children that you guys are rescuing. your operation found 70 missing children we just reported, right? that was in a three-week span. these kids are between the ages
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of 10 and 17 and i understand many of them are runaways. how are these kids tracked and then trafficked and how do you find them? >> kudos to homeland security investigation. amazing work. these guys understand how to find these kids. they understand how traffickers think. traffickers are like businessmen. oftentimes we look at trafficking like the movie taken. we think it's a cold, hard kidnapping in the night. that's generally not what it is. traffickers, like businessmen, are looking for the easier route to get them. they lure them and most importantly they look for vulnerability. any time there is a big war. we're in ukraine now and hunting for thousands of missing likely trafficked women and children. we rescued dozens of kids who were made trafficking victims after the big earthquake in 2010. traffickers prey an chaos and it can be on an individual
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level with one of these runaways. 1 in 6 runaways in the united states end up being sex trafficked largely who hsi was able to locate and rescue. vulnerable people looking for a network that they've lost their safety and aren't with solid families and traffickers will happily jump in and be that family. of course they end up brutalizing and abusing them and selling them for sex. >> julie: just tragic. how do traffickers get away with this and how can they be stopped? >> the most important thing to stop them is awareness. there are 2 million children who are forced into the commercial sex trade. it's closer to 6 million if you include labor trafficking and organ harvesting. how is this happening? more people enslaved today in human trafficking than ever before in the history of the world. the answer is stories. the answer is the media needs
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to be talking more about it doing what you're doing right now. when people know they can identify the signs. these traffickers are going to truck stops, they are going to shelters, they are going to the places where they know children might be or might be vulnerable and if the public at large can see the signs and understand it, this girl or this boy is vulnerable and they seem detached from anything stable. intervene. call the police. the more people know about it the more those kind of reports will be made. >> julie: paying more attention to children and the reason behind the runaway. that's something that is putting them in the wrong hands. try to keep them home before that happens. thank you for all your work and for coming on today. appreciate it. >> bill: important stuff there. 21 past now. president biden about to speak in delaware on jobs and the economy as inflation remains the biggest concern for americans. our friday money team is lined up and they are ready to roll.
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a day of sunshine in manhattan. >> julie: nice day.
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>> bill: live look now a rehobbyeth beach, delaware. the president will speak. we'll bring it to you when it happens from delaware. >> julie: shaping up as a top issue ahead of the mid-term elections. democrats view it as a political land mine. chad pergram is live on the hill. hey there, chad. >> good morning. the jobless figure stayed the same. 3.6%. economy is central to the
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mid-terms. push cans are running on problems with the economy, democrats are seemingly running on empty. >> there is a lot going on right now but the idea we will be able to, you know, click a switch, bring down the cost of gasoline is not likely in the near term nor is it with regard to food. >> congress has been sometime eid in passing legislation to address higher fuel costs. california democrat adam schiff wants a pause in the federal gas tank through the end of next year. they pay more than 18 cents per gallon in gas taxes. some states are taken action on their own. >> what we've done in georgia is help our people fight through that by suspending the gas tax. the lowest gas in the country right now. turning a billion dollars back to the taxpayers of one-time money. >> the gop promises it will fix things if voters give them the keys to congress next year.
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>> you say we will do the oil and gas leases. we'll give the permits to drill and allow the infrastructure to get built so that we are once again, as we were in this country when you left the white house, energy dominant. >> low unemployment is keeping consumer prices high. the secretary of the treasury janet yellen testifies tuesday before the senate finance committee. she conceded this week that she was wrong about inflation. julie. >> julie: thank you. >> bill: again here is the money headline today. we added 390,000 jobs in may. unemployment remains at 3.6%. pretty decent report. want to bring in our friday money team. steve moore worked for donald trump. austan goolsbee worked for barack obama. welcome to friday. job openings in america 11.4 million. job seekers 5.94 million. that's 2 to 1 job availability,
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austan, than those who want one. that's remarkable. >> yeah. that's amazing. you would think that is an indicator that we're at full employment. that there aren't any bodies left to hire. and yet we got a blockbuster number almost 400,000 jobs and the unemployment rate is 3.6%. that part is great. that's the strongest part of the economy. of course the weakest part of the economy is that prices are rising and you have high inflation and we're balancing those out. one thing you saw in the jobs numbers this morning that's a good sign is you start ed to see the comeback in the service sector. if we can shift to go back to spending money on services like leisure and entertainment, going to the dentist and all the things we normally spend money on, hopefully that will provide some relief on the supply chain and by the summer
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at least a new inflation might be coming down. >> bill: more i want to get into. gas prices, inflation. steve, tell us about the jobs number. what does it tell you? >> well, i don't want to be a chicken little but i am worried about this economy. austan is right it was a very strong jobs report and a surplus number of jobs over people filling the jobs. it is a good problem to have for the most part but you look at some of these other indicators now on the economy and they are all pointing south right now. let me give you an example, bill. one of the questions that has been asked for 40 years do you think the economy is headed in the right direction or the wrong direction? do you think the economy is good or weak? the latest report from gallup shows only 20% of americans, 1 in 5 believe the economy is good or great. 75% think the economy is headed in the wrong direction. i just worry with all of this
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inflation out there and the higher prices are not keeping pace with wages, that we will start -- this may be the last good jobs report we have for a while. we're skating right on the edge of a recession right now. >> bill: i don't like to hear that. you are right about inflation. you look at the headlines out there and a lot of people right now are calling for the white house to do more. specifically roe khanna, "new york times." his headline is this. way more biden can do to lower prices. the key line at the end. to meet the moment mr. biden should convene an emergency task force to lower prices and talk about shortages. an all-out mobilizations not just a few initiatives. he is a democrat. a progressive democrat whose w.h.o. is saying do something. >> i can't tell from that is he saying he wants nixon-era price
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controls from that body? i wouldn't be a big fan of that. i think it would be a recipe for generating shortages. 95% plus of what happens in the economy has nothing to do with washington, d.c. and that's kind of the frustration. that's the problem. you can sight on the faces of people in the white house that the economy is not on the mid-term election timetable and even the argument well, let's see what happens as we go into the summer. let's see what the fed is going to do and how fast they raise rates. let's see what happens in russia. those will be the determinants of what happens to inflation. that is not good political moves. the mid-term is always difficult and it is even more difficult for the incumbent party if people are feeling upset about the economy. >> bill: what i thought his big point was. we can argue strategies. i think what he was saying the way i read it is all hands on deck. the american people are hurting and want to find a way out of
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this so let's do it. >> look, the president put forward a plan in the "wall street journal," as you know, bill. i think it was on monday or tuesday where it was -- tuesday, he said here is my plan to deal with inflation. number one, price controls. i agree entirely with austan. that's a terrible idea. we tried price controls in the 1970s and it led to shortages in gasoline lines at the service station. we don't want a repeat of that. two he said we need more green energy subsidies? more? it's the infatuation and the war on american oil and gas that led to the high gas prices and still talking, bill, about the build back better bill. the $2 trillion of spending. my god if we added more spending right now is there any sane person who thinks it would lower prices? >> bill: it is not going to happen. joe manchin, the reason we
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bring this up. another record high overnight with gas prices across the country. the president is going to saudi arabia to try and get them to drill movement i believe that most americans >> why can't we drill more here at home. >> we are. we'll set the record for u.s. oil production. it will be the biggest -- >> we're down a million barrels a day from where we were under trump. >> the second highest ever. this year we'll be the highest ever. >> bill: some people think we could drill two or three million more. >> we can be way higher. the idea that >> the u.s. can expand drilling and it is only a drop in the bucket of the entire world. the u.s. price is not determined by the u.s. supply. it's about the world supply. while there is war going on in ukraine you will have high fuel price. >> austan, you have to agree when you have 120 dollar barrel of oil the united states should
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be producing as much as we can. that was the trump strategy. biden came in and said no well -- >> we set the all time record of u.s. production. the highest ever. >> bill: 5.30 is what it was? >> that's right. it was 2.29 a gallon on election day in 2020. >> bill: see you next friday. the friday money team. >> julie: more and more states legalize marijuana pot shops are on high alert against robberies. why they are pushing for a change in the banking laws to keep robbers away. plus the deadly scourge of drug addiction and the growing toll among teenagers and how fentanyl is driving the death rate higher. >> there is no experimenting with fentanyl. you will become addicted and most likely you will die. that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account
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getting guns off our streets. one democrat's determined to get it done. attorney general rob bonta knows safer streets start with smarter gun control. and bonta says we must ban assault weapons. but eric early, a trump republican who goes too far defending the nra and would loosen laws on ammunition and gun sales. because for him, protecting the second amendment is everything. eric early. too extreme, too conservative for california.
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>> julie: a strong and scary warning for parents in los angeles county. after three teenages overdosed on ecstasy pills likely laced with fentanyl. a school district sending a letter to parents. warning, the pills were purchased online and raise
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significant concerns of the growing trend of contaminated illicit drugs and overdoses in los angeles county. this warning comes as a new study reveals a sharp rise in the overdose mortality rate among teenagers. bill bennett a former drug czar and former secretary of education and fox news contributor. always great to see you. let's talk about the opioid overdose deaths primarily fentanyl, because the numbers are staggering. up 91% from 2019. take a look. over the course of three years they are over 71,000 for 2021. you compare that to 37,000 back in 2019. the trend of deaths are up essentially over 20,000 a year for the past three years. what do you blame on this? >> well, fentanyl is the main culprit here. of course, the problem is people go online, go on the street seeking vicodin or oxy
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that they shouldn't be doing and they gut stuff laced with fentanyl and they die. i don't like the term overdose. there isn't a proper use of fentanyl on the street. it's poison. and you are poisoning your system and lawrence jones had it exactly right earlier. let's step back. there is something the federal government can do about the fentanyl. that is declare these drug cartels, which are bringing this stuff in by the bushel. declare them foreign terrorist organizations and move against them. also we need this as a national priority. who is the drug czar? when has the president spoken on this? we lose 51 kids a year to school shootings. to fentanyl poisoning we lose 1200 a years. i am not trying to minimize the school shootings. 50 for school shootings and 1200 last year on lethal dosing.
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let's make one more connection. these shooters in the schools the end to have heavy drug use. at least heavy marijuana use which leads to psychosis. i did have the drug and secretary job. there is too much overlap between those two jobs more than there should be. >> julie: the stories are sickening. in riverside, california, a school employee and her husband are facing charges. here they are for allegedly distributing fentanyl to at least eight students. this comes after the overdose mortality rates among teens 14 to 18 continues to rise. what can be done on the federal level to stop this growing problem? >> well, as i mentioned, get after the cartels, make them foreign terrorist organizations and go after them. you can do that. second make this a national priority.
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tell the country what needs to be done and what needs to be done is we have gotten drug use down in the past, we can do it now. but now the stakes are even higher. it is not a matter of just getting sick. it is a matter of taking one pill and dying. children need to be educated on this front. you know what is interesting, the number of users of these drugs is not up. that is the message is getting through and the number of people using these drugs isn't up. but the legal alnes is up. there needs to be actions. >> julie: the issue of mental health has been at the forefront. america is failing our children is bottom line. 70% of public schools have reported an increase in students seeking services. only 56% of public schools are
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prepared to effectively provide adequate mental healthcare services to all students in need and the other poll i want to share. it asked if public schools were able to provide adequate mental health services to all students. 12% strongly agree. we're failing our children. what do we do to change it? >> first, of course, we look at the home and the family. we also look at the mistakes made during covid. there was not the physical danger of covid to young people as much as this mental health. the consequences of the lockdown continue to increase as they get reported. not only did academic learning suffer, so did the minds and mental wellness of students. so address the issue, address it at home and address it in school but we need to set things right in this country. you are right, julie, we are failing our children in lots of ways. one of the most important ways
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is to guide them on the right path and to tell them the dangers of the wrong path. we are sending mixed signals now. in new york there are signs up in subways and buses saying you are using, that's okay, just have a friend nearby in case you overdose. the wrong message. don't use. don't use has got to be the right message. and again on the school shootings. >> julie: just wish there would be more emphasis on parents putting -- laying down the law and being more in touch with their kids. it is almost like parents and teachers don't talk anymore. so many distractions with kids on devices and social media. they need to sit down and talk. who sits around a dinner table anymore and listens to your children? parents need to communicate better with their children. >> absolutely, you are right. what about the dysfunctional
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families? the guy if n uvalde. the parents were missing in action. he was living with a grandmother and not paying any attention to her. that's one of the sub scream we have to fix. but let's also talk about the fact that this kid was a heavy marijuana user. it leads to psychosis. it is not a harmless drug. >> julie: i still can't understand why we legalized marijuana. i don't want to raise kids here anymore. thank you very much. appreciate it. >> bill: we believe the president will be out in a moment talking about the latest jobs reports that came out an hour and a half ago. unemployment stays the same at 3.6%. there are stubborn things out there like gas prices and inflation. we'll see how much he takes that on as he approaches the microphone now.
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>> president biden: with today's excellent jobs report and unemployment remaining at near historic lows of 3.6% i want to speak about our economy and what we are doing to lower the costs for american families. i know that even with today's good news a lot of americans remain anxious and i understand the feeling. i grew up in a family about 100 miles from here that if the price of gas went up it was a discussion at the kitchen table and no denying high prices around gasoline and food are real problem for people. there is every reason for the american people to feel confident that we will meet these challenges. because of the enormous progress we made on the economy americans can tackle inflation from a position of strength. still a problem. we can tackle it from a position of strength. the purpose that we've set out to accomplish and progress we
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made is critical. 16 months ago covid was out of control when i took control. thanks to the economic plan and vaccination plan my administration put in action americans achieved the most robust recovery in modern history. two years removed from the worst economic crisis since the great depression. the job market is the strongest it has been since just after world war ii. we've got more evidence of that today. we learned in may the economy -- the total since i took office to 8.7 million new jobs. all-time record. we learned that more americans entered the labor force in may. in fact, working-age people have come back into the workforce at a faster rate in this recovery than at any point in 40 years. the unemployment rate is near historic lows. the number of americans on unemployment benefits has gone from record highs to record lows. with millions of americans moving up to better jobs with
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better pay and american manufacturing is booming. 600,000 new manufacturing jobs created since i took office. it isn't only about jobs. since i took office families are carrying less debt, their average savings are up, recent survey from the federal reserve found that more americans feel financially comfortable than any time since the survey began in 2013. that confidence and comfort is part of the reason why americans applied to start more new small businesses last year than ever before in american history. because of our historically strong growth we have strengthened medicare and social security programs that millions of american fam mreels rely on. yesterday i learned that social security medicare trust funds will be able to pay benefits for longer than previously projected before we passed the american rescue plan. the reason, a faster than expected recovery in jobs, earnings, economic growth, all
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strengthening the financial prospects for these bedrock programs. in fact, america is stronger economic position today than any other country in the world. independent experts have projected the u.s. economy could grow faster than china's economy this year. it hasn't happened since 1976 a half century ago. the point is this. we've laid an economic foundation that is historically strong and now we're moving forward to a new moment where we can build on that foundation. build a future of stable, steady growth so we can bring down inflation without sacrificing all the historic gains we've made. that's what we're beginning to see in today's jobs report. with today's numbers the jobs over the last three months have averaged about 400,000 jobs per month. that's historically robust and a sign we're beginning to shift to steady growth after a rapidly recovering 600,000 jobs month over the prior six months.
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as we move to a new period of stable, steady growth we should expect to see more moderation. we aren't likely to see the kind of blockbuster job reports month after month like we had over the past year but that's a good thing. that's a sign of a healthy economy. steady growth, rising wages for working families, everyday costs, and shrinking the deficit. that stability puts us in a strong position to tackle what is clearly a problem, inflation. i've been very clear that fighting inflation is my top economic priority. on tuesday i spoke about one element of my inflation plan. giving the federal reserve the space they need to operate. today i would like to address the two additional elements of my plan to tackle inflation. one, bringing down the cost of everyday goods for families. and two, bringing down the federal deficit at the same
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time. bringing down the cost here is where we stand. the two challenges on the minds of most working families are prices at the pump and prices regrocery store. both challenges have been exacerbated by putin's war in ukraine. the price of gas is up $1.40 since the beginning of the year when putin began amassing groops at the ukrainian border. it is a putin price hike. it raised the price of two. ukraine and russia raise wheat and corn and a basic product for so many foods around the world. ukraine has 20 million tons of grain in storage right now. it has been in storage since the last harvest. normally that would have already been exported into the world market. but because of putin's invasion and blockade of the port on which they could take that grain out for the rest of the world it is not.
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it's not. look, i understand there are families struggling probably don't care why the prices are up. they just want them to go down. joe, what will you do to bring them down? it is important that we understand the root of the problem so we can take steps to solve it. i've been up front with the american people from the outset. that there would be a cost here at home of putin's decision to brutally and savagely invade a sovereign nation. but as your president i remain committed to do everything in my power to blunt the impact on american families. that's exactly what i'm doing. i led the world to coordinate the largest release of global oil reserves in history. 240 million barrels to boost global supply and keep prices from rising even more. i directed the sale of gasoline using biofuels this summer and i'm working closely with our european partners to get more of the grain locked in ukraine
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right now out into the world market which could help bring down prices if we can do that over land and we can talk about at another time. actions have already helped to blunt what would have been an even larger putin price hike. as i said, i will continue to use every tool available to me to further blunt those price hikes as we move forward. but the fact is this, there is more than one way to solve this problem. if food and gas prices are going to be elevated by putin's price hike one way to make things better for families is helping them save on other basic items their family needs on a monthly basis like their utility bills. their internet bills, prescription drug bills and other costs like housing. my goal is to make sure that the end of the month families have a little more breathing room than they have now. for example, here is something we can do right now. congress can help ease the cost
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for families right away by passing my clean energy investment proposal that i proposed that is sitting there. things like tax credits for businesses to produce clean energy. tax cuts for families to make their homes more energy efficient. i met with nearly a dozen ceos of america's largest utility companies such as southern company, american electric power, they told me if we pass the investments they will make immediately lower -- they'll immediately lower the average family's energy costs by $500 a year. that would help a lot. that would make up for a lot. in the long run it would help families make america truly energy independent. in the future american fam leels are no longer subject to the whims of a dictator controlling oil. it is not just utility bills, though. lower prescription drug costs by giving medicare the power to negotiate with the
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pharmaceutical companies in how much they can charge just like they do with the veterans administration. right now ex-amount of dollars for incident. they can decide not to sell it at all or sell it at the price the government says they will pay for it. bringing down the cost of prescription drugs by capping that cost of insulin of no more than $35 a month. some families it means hundreds of dollars a month and sometimes hundreds of dollars a year depending what ailment they try to deal with. someone with diabetes it's hundreds of dollars herrier. someone with arthritis thousands dollars a year. lower rent and mortgage costs. the largest costs most family face, a third of a typical family's budget because we have a shortage of housing. building more than a million more housing units enclosing
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the shortfall of affordable housing will do that. lower the cost of high speed internet working with the 20 leading internet service providers to cut their prices and raise their speeds. for tens of millions of households. this could lower what they have to pay for high-speed internet by $50 a month or more. nearly 40% of households in america qualify for these savings. by the way, you can find out if you will be eligible by visiting get internet.gov. get internet.gov. get internet.gov to see if you qualify. i laid out a plan to lower the cost of everyday goods that move through our supply chains to family stores and for example at the state of the union i called on congress to crackdown on foreign-owned shipping companies that have raised their prices to transport goods by as much as 1,000%. 1,000%. that raises the cost of the
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goods on those ships to consumers. the senate has passed legislation and i'm hopeful the house can do the same to send the legislation to crack down on these companies to help lower overall costs. my plan does all this without raising a penny in taxes on people making less than $400,000 a year. without raising the deficit at all. by taxing the super wealthy and big corporations. the 55 major corporations that don't pay a single pen knee taxes even though they had a $40 billion in profits. the point is this. i'm doing everything i can on my own to help working families during this stretch of higher prices. i will continue to do that. but congress needs to act as well. we can do so much more if we come together to lower the costs for american families. but my congressional republican friends led by rick scott have a different approach. he has in

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