good morning. 10:00 a.m., 7:00 a.m. pacific. i'm jose diaz-balart with breaking news this morning. the january 6th committee has abruptly postponed tomorrow's scheduled hearing. what we know ahead. next hour, president biden will deliver remarks on the economy as gas prices and rising costs put pressure on american families. we're learning new details about

his planned trip to the middle east including saudi arabia. on capitol hill lawmakers are racing to put together a new bill that addresses rising gun violence and pass it all before the july 4th recess. we'll discuss with congressman salud car ba hall. we'll highlight the key races to watch with steve kornacki at the big board. we'll bring you an update on the fight for ukraine's donbas region which ukrainian president zelenskyy says will go down as one of the most brutal battles in and for europe. we begin with the growing unease over the state of the american economy. right now the dow jones industrial average is 141 points -- 140 points up. you see the index at 30,654.

this is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, having fallen more than 20% since january. one hour from now, president biden will talk about the economy when he speaks to the afl-cio convention in philadelphia. the speech comes as many americans struggle to pay for basic needs such as food, gas, shelter and clothing. >> it's hard to keep food on the table. the rent prices are going up. it's hard to keep a roof over our head. even utilities are going up. >> with us to take a closer look at this, cnn senior market correspondent dominic chu, nbc news correspondent mike memoli

and victoria soto from the university of arkansas and msnbc contributor. dominic, the s&p 500 may be in bear market. does that mean the economy is headed for a reception and also what is bear market and what does it mean? >> let's tackle the first part of your question, whether or not the economy and the markets are the same thing. they are not. they are certainly not. what the markets may be indicating right now is the expectations that the american economy could be slowing down going forward because the markets are a discounting mechanism, meaning they try to figure out all the available information they have from the present and the anticipated data in the future and stick a stock price on it today. that's the reason for the big downturn in the markets over the last several weeks and months from the nasdaq record highs in the fall. it is about this expectation about what happens in the american economy and by extension the global economy if inflation continues to run rampant the way it is right now.

the problem that you have most recently is that the inflation data here in america has been validated this idea that this inflation is no longer transitory. it's not transient. it's going to be here to stay for a while. unfortunately for markets, we got confirmation of that friday with the consumer price index reading. today, this morning, we got a reading on wholesale, business level prices. that is staying at some of the highest levels on record right now. so this is seen as a leading indicator for consumer prices because businesses, if their costs go higher, they tend to pass them on. you talked about a bear market. when you do see a pullback of this variety, of this kind of severity, what it does indicate is extreme uncertainty about the future. we have after all had a very nice run in the market over the last decade plus at this point with the benefit of ultra low interest rates. if the fed is in a position where they have to fight inflation, and the way they do

it is by taking money out of the system, there's a fear they may take, jose, too much money out of the system by raising interest rates too quickly. that's the key reason why stock markets are so skittish right now about what's happening with the economy. >> dominic, they have to find i guess a balance which is probably a fine balance. is that what they're going to be doing next week when they meet? >> they're meeting right now. today starts the first of the two-day policy meeting about interest rates. they make the decision about interest rates tomorrow. the problem that you have right now is the fed has made it very clear they're being data dependent. that's a good thing. what they're trying to indicate to the public is they'll take the economic data as it comes and make the appropriate, in their mind, decisions on the heels of it. they've seen the hotter-than-expected for this week. they got another one this morning. do they raise interest rates

more than they thought they were going to. it was just a week ago where the markets were expecting a half a percentage point increase to really kind of exacerbate the move they took by increasing a quarter percent the meetings before. now in the span of 24 hours, jose, market expectations, because of these inflation prints we've seen over the last couple days now have put the expectation of a three quarter percent increase in terms of overall rates. that has investors saying, well, if they're going to do that, do they have it handled? do they really understand what's going on? this decision tomorrow is going to be key as well as the commentary about what they think they have to do going forward. by the way, none of this narrative changes until the data starts showing that those consumer and business prices are starting to at least slow down, maybe not peak just yet. >> interesting. mike, the economy no doubt figure predominantly into the president's speech about an hour

from now. what message is he going to be sending? >> jose, this is a very important speech for the president. he's arguably not faced any stiffer headwinds during the course of his entire presidency that he does now. the price of gas over $5.00 per gallon, inflation persisting, not easing as the white house hoped. the president's approval rating is upside down, raising concerns among democrats that not only is the president going to be a political anchor in the midterm elections but that he should not even think about running for a second term. this will be focused on the economy to speak to what he would call home base. he's going to be speaking to the nation's leading labor union, the afl-cio. this is philadelphia where he headquartered his campaign, where he had his big kickoff rally. the message appears to be largely the same we've been hearing from the white house for weeks. the president will talk about successes in his view, the fact

we do see employment at a strong level. unemployment has decreased over the course of his time in office. he'll talk about accomplishments like the bipartisan infrastructure bill that will increase jobs, union jobs. he's focused on building an economy that, as he puts it, comes from the bottom up and the middle out, not for the wealthy. in midterm elections, it's typically a referendum on the party in power. the president is going to try to shift this to a choice saying don't judge me against the al mighty, judge me against the alternative. expect him to hear about rick scott, senator from florida and the republican plan, as he terms it, that would put things like medicare, social security, popular entitlement programs on the chopping block versus what democrats want to do which is a middle class economy, jose. >> victoria, a recent "wall street journal" poll found 83% of americans feel the state of the economy is poor or not good. the white house keeps making the point things are better than they seem to be.

here is some of what white house press secretary had to say yesterday. >> the way we see this is the american people are well positioned to face these challenges because of the economic historic gains we have made under this president. we know higher prices are having a reefl next on people's lives. we get that. we are incredibly focused on doing everything we can to make sure the economy is working for every american people. but we are coming out of the strongest job market in american history, and that matters. >> victoria, the white house is saying that the american people are well positioned to face the challenges. when you go and fill your gas tank every week, when you go and get food at the bodega or the grocery store, the basic food stuffs required for every family to survive have shot through the roof, eggs, milk.

we could go on and on and on. is there a disconnect between what many people in washington and new york are saying about the economy and what people at home are dealing with? >> jose, there's a disconnect in terms of understanding that even though relative to where we were last year, where we were two years ago, maybe we are okay financially, but we live in the present. when folks go to the ballot box, they have the present in mind. as james carville would say, it's the economy, stupid. i think what is really so impactful about this moment, jose, is the pain that is being felt at various levels. so you have folks at the lowest socioeconomic status levels who can't make rent, can't feed their children. that's an intense pain. then you have folks, more at the middle of the spectrum who they were going to go on a summer vacation, but because airline

tickets are 40% up, they'll have to forego that vacation to see folks they hadn't seen before covid. at the higher levels, you're seeing folks who have the 401(k)s getting very nervous and starting to think what do i have to do to provide a cushion for my retirement that i hadn't thought of before. i think the pain of this moment is one that is generalized. that's what's so dangerous for democrats as we go into election season. it is a combination of anxiety and then the apathy that sets in with folks saying, you know what? i'm going to throw my hands up. what can i do? i'm going to stay home for some democrats. for some democrats and independents, this anxiety is going to drive me to actually cross party lines. >> it's also important to put into the broader perspective that this is really a global reality that our economy is so tied to the global economy writ large that the inflation issue,

getting parts and labor, et cetera, is a global reality. but there is a very specific thing that we in the united states are seeing from testify affects of the global economy, but very unique to us. >> it is. i think it's important how you contextualize that global piece because with elections coming up, we know that immigration is going to be front and center again. and so, as folks are feeling that pressure and they're seeing, for example, not just supply chain issues in terms of consumer goods, but also labor competition, worrying about whether one is going to be able to keep their jobs when we see the broken immigration system. so i think these external pressures just make the deep economic pain we're feeling even more great. >> mike, the white house announced this morning, confirming that president biden will visit the middle east next month, making stops in israel,

the west bank and saudi arabia. >> reporter: that's right, jose. it's been interesting. as you know, we were both covering the summit of the americas last week in los angeles. the president has been spending a lot of time on foreign policy even as these economic challenges are front and center. there is a linkage in the itinerary of this trip. first, the president, july 13th will be traveling to israel, an important regional ally. of course, the president has been talking about meeting with prime minister bennett there for some time. then he's going to go on to saudi arabia. this is an interesting destination, because of the comments especially that president biden made as a candidate throughout the campaign, talking about the murder of jamal khashoggi, the linkage of that to the crown prince, mohammed bin salman calling him and the country a pariah, the president really now, because gas prices are so high, needs the cooperation of saudi arabia, of the opec

countries to increase supply. it was interesting, when i asked the president over the weekend as i was traveling back to washington with him about the itinerary, the agenda for this trip. he said this has nothing to do with energy. the focus of the trip is going to be on steps towards further middle east peace, followup to the abraham accords signed during the trump administration. that's what president biden is saying is the focus of the agenda. a lot of o questions about the meeting that the president will have with the saudi crown prince. the white house releasing the announcement for the trip, mentioning that the president will meet with king salman. it's the saudi embassy confirming he'll have a meeting as well with the crown prince. a live look at reno, nevada, right now where polls opened just a couple minutes ago. it's primary day in four states. steve kornacki is at the big board which means we'll find out all kinds of things we didn't

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18 past the hour. breaking this morning, the january 6th committee announcing they're postponing tomorrow's scheduled public hearing. the next hearing is currently scheduled to take place at thursday at 1:00 p.m. eastern,

10:00 a.m. pacific. there's a public split within the committee over whether they'll formally recommend criminal charges to the department of justice. joining us nbc news senior capitol hill correspondent garrett haake, also barbara mcquade former u.s. attorney in michigan and msnbc legal analyst. garrett, what can you tell us about why they postponed the hearing? >> reporter: their video staff is just trying to keep up. committee member zoe lofgren told us this morning that that's what this comes down to, they're working on an greg sive schedule, trying to get all the video tape elements they need to tell the story cut and ready. and they think they're better off moving wednesday's hearing into next week. the plan is that thursday's hearing will focus on mike pence. the doj-focused hearing we're expecting thursday will appear at a date to be determined. >> speaking of congresswoman lost again, a member of the january 6th committee, she

addressed reports about the divide over whether to issue criminal referrals. here is what she had to say. >> there is no such thing in law as a criminal referral, but we could send information to the doj. we could send them our opinion and we may do that. we're certainly not going to have that discussion until all the hearings are done and we see the evidence that has been compiled. there's no big fight going on in the committee. >> what more can you tell us about that? >> reporter: committee spokesperson gave me a statement this morning which says largely the same thing, that the committee doesn't have authority to make prosecuting decisions on their own. benny thompson, the committee chairman said he doesn't think they have the authority to make a referral as congresswoman loftgren said. prosecutors at the doj have tell

igss, twitter. they can see the same things members of the public are seeing. it may not matter that the referral may come in a fedex pact from the committee. they're seeing the findings in real time and they can make prosecuting decisions based on that. >> i'm wondering, garrett, there is no fedex package that is sent to the doj from the committee separate from the public hearings? >> at least not yet, jose. what loftgren has said, they're going to discuss this after they get through the hearings. they're ultimately preparing to prepare a report by this fall that would include more information, perhaps even including the total of their transcripts which is the kind of things that the doj might find very useful no matter how it gets delivered to them. >> barbara, what are you seeing when you see this? what do you make of the presentation so far, specifically yesterday? >> i thought it was incredibly

powerful. i've followed all of this pretty closely, as i'm sure you have and many viewers have. i heard new things yesterday and i thought the testimony of william barr was particularly eye opening. it was far more extensive than previously reported. i knew the bit about his telling president trump that the claims of fraud were bs, but it went on and on. they had extensive conversations over multiple occasions about that. i thought that was incredibly powerful. i thought the other testimony we heard from other insiders, people with him on election night and beyond, telling him about specific things they debunked as to some of these fraud claims, and yet president trump would persist and go out there and say publicly he still believed them to be true i thought was incredibly powerful towards showing something that would be very important for a criminal case, and that is that trump knew he had lost. i think until now there had been some plausible argument that, well, he thought he won. people were in his ear telling

him that. we're hearing from adviser after adviser telling him factually he had lost the election. that becomes very important i think to any crime that might be charged for fraud. >> how so, barbara? how would that make a difference? >> the crimes that seem to be in play would be crimes such as conspiracy to defraud the united states. that is using fraud to interfere with the proper functioning of government, or conspiracy to obstruct an official proceeding which requires a showing of a corrupt intent. all of those require that what you're saying is false and you know it's false. it's different from other crimes that's just a crime to do the thing that's illegal, like an assault or a murder, any of those kinds of things. the act itself can be enough to suffice for a crime. when it comes to these fraud crimes, you have to show fraudulent intent. and that requires trump knew he had lost. this evidence is going to be necessary before a jury if there

were to be a criminal case. we had previously known about some of these things, about barr's public statements, the cybersecurity director's public statements, the court defeats by 60 judges. hearing this insider stuff i think is incredibly effective to show that trump actually knew he lost the election when he continued to persist in public statements that he had won and this was a fraud and that the election had been stolen. he didn't believe that. he knew the truth and yet he persisted anyway. >> barbara mcquade and garrett haake, thank you for being with us. up next, steve kornacki joins us with what's at stake in the four states holding primaries today. steve, good to see you up early and up late. you're like a 24-hour guy. we'll talk to you in just a minute. you're watching "jose diaz-balart reports." and in it. mostly.

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28 past the hour. today is decision day for primary voters in nevada, south carolina, maine and north dakota. a special election under way in texas as well. joining us as well, nbc's guad vin anything ga and national political correspondent steve

kornacki at the big board. steve, what are you watching for today in south carolina testing the cloud of donald trump going after incumbent nancy mace in south carolina's first district. that's charleston. mace, a freshman republican congresswoman. she initially spoke out against trump's behavior on january 6th, voted to certify the 2020 election. has drawn a challenger, katie arrington who has endorsed donald trump, in the race marginally because of what mace did in the wake of january 6th. another candidate who dropped out who endorsed arrington. this is test one of donald trump going after an incumbent republican member of congress. the more interesting test and the second one in north carolina is this one, in the seventh district, you go to myrtle beach, conway, up to florence, that part of south carolina. here is tom rice, republican

incumbent, he didn't condemn trump's behavior after january 6th, he voted to impeach him. we have for the first time this primary season a republican who voted to impeach trump, tom rice, being opposed to russell fry. the first time we've seen trump endorse a challenger to a republican who voted to impeach him. there's a run-off rule in place if nobody can get to 50%. the top two will advance to a runoff two weeks from now. tom rice, the republican who voted to impeach trump. one other primary, we'll start getting numbers later in the night that we'll be keeping a close eye on. it's in nevada. it's the republican senate primary. you have a democratic, katherine cortes running. are republicans going to nominate adam laxalt who has been endorsed by donald trump, or late in this campaign, some

indications of momentum behind sam brown. will there be a surprise in nevada? either way, whoever wins this republican primary, this becomes instantly one of the most closely watched senate races this november. >> interesting. so guad, you're in nevada, you're in reno. what are the issues driving people to the ballot box? >> reporter: jose, the two issues people keep bringing up are, of course, inflation and high gas prices. that senate race here will have national implications, katherine cortes mass stow has been called one of the vulnerable senators looking to get re-elected. the two republican candidates, adam laxalt who has the endorsement of trump, ron desantis, high-profile republicans already are behind him, sending a message to voters over the weekend to blame democrats for what's wrong with nevada, high gas prices, inflation, the high cost of housing. meanwhile, sam brown who has been endorsed by the republican

party of nevada has a more moderate message. he has criticized adam laxalt saying laxalt is a showman but wouldn't go to washington and represent the people of nevada the way someone like sam brown would. here is part of the conversation we had with sam brown over the weekend. >> people are looking for someone they can trust, someone willing to engage in a conversation and build a relationship. i'm desperately seeking the vote and the endorsement of nevadans, not d.c. i'm proud of the one major endorsement that i do have is from the nevada republican party. that's republicans here in this state saying, yeah, we want sam to represent us. >> latest polling indicates that adam laxalt has a 14-point lead. yet internal polling by the sam brown campaign believes that that's within the margin of error. they think they still have a chance as people come out to the polling sites here in nevada, jose. >> meanwhile, vaughn, today

marks a major test for republican incumbents facing trump-backed challengers. what do we know about that's races in south carolina? >> reporter: i think the big picture of why we're looking at these two races is because we're a continuation of what we're calling trump's revenge tour. he's going around the country in 2022 backing primary challengers who gop incumbents who he views as disloyal. here in south carolina that's nancy mace who called for the censuring of him and even the potential of blocking him from running from public office in the future and tom rice who voted to impeach him in the aftermath of the january 6th insurrection. when you look at trump's success rate, there's a west virginia congressman last month who was knocked off. he will not be serving in congress next year after he voted to certify the 2020 election. up in michigan just in the last two months, there's a congressman there who voted to impeach trump. he announced his retirement.

the big question is, can donald trump's backed republican challengers knock off nancy mace and tom rice. tom rice continues to stand in his denunciation of donald trump, telling us yesterday just north of here he believes that donald trump is not the future of the republican party. take a listen to nancy mace who was very critical, saying they needed to rebuild the republican party after january 6th. but listen to her now when i ask her about donald trump's future in this party. >> have you stepped away from talking about donald trump for your own political campaign purposes? >> i talk about the issues that are important to voters. that includes inflation, gas, immigration. we had an ms 13 gang member arrested right here just last year. we had human and sex trafficking in my hometown of goose creek, south carolina with people arrested two years ago. guess what? when i ran in november of 2020 and won this seat, i promised i

wouldn't tow the party line. i made good on all those promises. >> the question, jose, can these republican members of congress survive without donald trump's endorsement? >> if trump is going to be the main issue that people take into effect when they go vote. vaughn hillyard, guad vin anything gas and steve kornacki, thank you. coming up, the latest on the bipartisan efforts to fight gun violence. will it make it to the finish line? you're watching "jose diaz-balart reports" on msnbc. s. sometimes, i'm a homebody. can never have too many pillows! sometimes, i'm all business. a serious chair for a serious business woman! i'm always a mom- that is why you are smart and chose the durable fabric. perfect. i'm not a chef-

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>> it's possible. here is what we should be watching. number one, when do they get the legislative text out. i spoke to john

. >> -- this is going to happen, absent some unforeseen complication, this is going to be the biggest gun control bill in three decades, and it seems like it's getting ready to sail across the finish line. >> jake sherman, thank you very much for being with us. i appreciate it, my friend. with us to continue our conversation, california congressman sal lewd carbajal from the gun violence task force and congressional hispanic caucus. a key part of the senate framework are incentives for states to enact so-called red flag laws. the bill you authored on the red flag laws passed the house last

week. this issue is personal for you, you lost your sister. what exactly is a red flag law? congressman, how would it make a difference? >> first of all, my bill provides a grant program to states that don't have red flag laws to incentivize them to develop red flag laws themselves. for the states that already have red flag laws, this provides support, extra training, extra support they need to make sure their laws are implemented to its fullest potential. what this ball does is really incentivizes those red flag laws that allow family members, loved ones and law enforcement, when they come across an individual who poses behavior that's a danger to themselves or to others, to be able to petition the courts and the judges so they can get a temporary restraining order to ensure they don't possess guns or are able to purchase guns. this is going to save lives.

>> congressman, it's interesting because it's pretty amazing to think there aren't those provisions everywhere, right? the fact that someone, a family member, a loved one, someone who has an acquaintance with someone who is experiencing or demonstrating a certain behavior that could be considered problematic, it's pretty basic to be able to get that person some help. >> absolutely. >> i lost my sister when i was a little boy. she used a revolver to take her life. should this have been in place, it might have helped because people would be able to identify the signs and work with law enforcement to be able to intervene. i personally am aware of the

impact gun violence has on our community. the community of ala vista add juning the university campus, had a mass shooting in 2014. those two incidents have really i think provided me the foundation to continue pushing for these types of gun safety reforms in our nation. >> congressman, i want your thoughts. tomorrow would mark ten years since the creation of deferred action for childhood arrivals, providing temporary legal status to hundreds of thousands of young people who came to the united states as children, who know no other country but the united states. are you hopeful something can be done legislatively to stop these folks from continuing to live in limbo in a country they consider home? >> i sure home so. the house passed the dream and commerce act already, this congress. we're hoping the senate takes up the issue as well and we're able

to get it over the finish line. i think the majority of americans believe we need to find a solution to provide a legal pathway for those children who know no other pathway who want to contribute and continue to contribute to there society. >> congressman carbajal, thank you for your time. >> thank you for allowing me to come on your show and share a little about this important law and my own personal tragedy in my family. up next, we'll go live to ukraine with a disturbing new discovery in bucha. that desperate conditions for residents two months after the town became a scene of war crimes allegations. you're watching "jose diaz-balart reports." in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company.

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think he's posting about all that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. 50 past the hour. the biden administration is preparing to announce a new military aid package for ukraine as early as this week. that according to two u.s. officials. this as ukrainian president zelenskyy says the battle against russia in the eastern donbas region will go down in military history as one of the most brutal battles in and for europe. all the bridges in a ukrainian

city in the east have been destroyed. those who are still in the city are surviving under extremely difficult conditions. joining us now from bucha is nbc news correspondent ellison barber. you spoke with residents there about how the war has impacted them. what did they tell you? >> reporter: hey, jose, yeah. russian forces controlled this area, the bucha district for 33 days. ukrainian forces liberated it on march 31st. but what does liberation look like 2 1/2 months later? yesterday in this district another mass grave uncovered, seven people. police say all of them were tortured and shot in the head. all of them they say were civilians, some had their hands tied together and were also shot in their knees. russian forces in their early attempt to capture kyiv, they tore through this neighborhood, bombing, shelling, shooting at houses in this very largely

residential area. this is her home. her son used to live here. they say russian soldiers after destroying it looted everything. it was newly renovated. they say they took the new tv, the new mattresses. all they had left behind was the refrigerator. this house over here, she's living in one room in here that's still safe to sleep in. she's boarded up the windows and the door because they were exploded and entirely blown out. she swept up the glass inside. she and from what we've seen, it is true, these are not conditions that anyone wants to live in. she has to bring her own bottled water in to have clean water to drink. she says she now has to take sedatives to be able to sleep through the night. if she leaves her house, she takes all of her documents, her passport, anything that might be necessary to flee in case russian forces come back. listen to more of what she told us.

>> reporter: this is not normal, this is not -- i have no window s. there are no doors. i think maybe some other people -- i have no other way. i don't have -- i either live here in this house in one room or there is no other place to live. >> reporter: she told us she filed a police report but she doesn't know how, when or if she'll get help to try and rebuild. most of the heavy fighting right now is on the east, but there are people like ina everywhere.

in liberated areas like this, mass graves are still being uncovered. jose? >> ellison, just think about those six people you just mentioned in the beginning there when they had their hands tied. they were shot in the head but also shot in the knees, which means before they were executed, they shot in the knees. think about that for a second. ellison barber in the bucha area, thank you very much for being was. still ahead, more tragedy, more danger at the border. new reporting on what smugglers are forcing migrants to do. you're watching "jose diaz-balart reports." and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. you're pretty particular about keeping a healthy body. what goes on it. usually. and in it. mostly. here to meet those high standards is the walgreens health and wellness brand.

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57 past the hour. more people are fleeing violence and authoritarian regimes and poverty in latin america and the caribbean. hospitals in the el paso sector are seeing increase in injuries and fatalities. smugglers are giving ladders to climb to the top of the border walls, leaving them to find their way down, many falling nearly 30 feet. joining me, julia ainsley. you did a ride-along with the border patrol. what did you learn? >> reporter: that's right. i was right where you see the footage between mexico and juarez mexico. 229 migrants have fallen from that wall. i was there when a young girl fell. she was being taken in by an ambulance. they say they've seen ankle,

spine, leg, even brain injuries and fatalities because of the height of this wall. in other words, they will take ladders and they'll get to the top. oftentimes it's too hot. you can see the steel beams there, like 105 drooe degree temperatures. they're too hot, they don't have the upper bodily distrength and they leg go and fall. while border patrol agents say sometimes the wall can be helpful, they're seeing how ruthless these cartels could be. there are other routes they can take, but instead they're forcing them to take the dangerous path. >> why, julia, are they forcing them to go there? >> they ask themselves that. it just shows how ruthless they are. right where we're standing, you can see the 30-foot wall. right next to it was the mesh fencing that had been there for a decade previously.

you could cut through that and get through. instead they tell them to get this route. they think it's because they have so little regard for the humanity of these people. >> seems like the cartels are determining the policy. julia ainsley, great work. that wraps up the hour for me. i'm jose diaz-balart. you can reach me on twitter and instagram at jdbalart. thank you for the privilege of your time. peter alexander picks up with more news right now. good tuesday morning. i'm peter alexander. president set to speak in philadelphia any moment about his economic priorities. right now the economic picture in this country is grim. this is a live look at the market, certainly better than it was this time 24 hours ago. the dow is down for the day, plunging nearly 900 points on

monday.