james freeman here, james, as promised i want to dig into something.w to show the gas price increase going to inauguration day, since the day president biden took office. fair enough. that shows that prices are up, if we can pull up the other one first. up 103%. since inauguration day, ok. that would mean that the point in showing that is it's a reflection of joe biden's policies since he took office. ok. but, as many floor traders or commodity traders will tell you they don't wait for that, they saw a candidate joe biden promised an end to the fossil fuel industry and the day he was elected one can make the case and you can show what prices have done since election day 2020, and gas prices are up 129% since then at today's record high of 4.86. does james freeman from the wall street journal think it's fair to point that out. >> i should be interviewing you given your experience in the commodities markets, but yes, they are forward looking and the signal nonstop from the democrats has been kind of, i was going to say a low key war on fossils fuels, mos

here's james freeman. go ahead, james. >> thanks.at in the u.s. i think there's a similar problem in india and obviously there's not a lot of wheat getting out of russia and ukraine right now. are there parts of the world this year that are going to have trouble getting the wheat they need? >> well, it's not are they going to have trouble. they already are having trouble and it's not so much a shortage. there's a lot of wheat in ukraine and russia. it's just that the supply chain is not allowing it to get out in its normal passage. so we need to end that conflict over there. we need to get back some normalcy. the ukrainian farmers, they're having trouble getting their crops in the ground. they're planting it. they're very resilient, like any farmer, they're overcoming huge obstacles. they're hoping they'll be able to harvest it at harvest time. maria: sean. >> so commissioner, we talked a lot about the inflation impact at the grocery store. you're talking about all of the costs of diesel increased pricing and the cost of fertilizer.

. >> ashley: plus "wall street journal's" james freeman will explain how it is getting worse, don't gomusic) who said you have to starve yourself to lose weight? who said you can't do dinner? who said only this is good? and this is bad? i'm doing it my way. meet plenity. an fda -cleared clinically proven weight management aid for adults with a bmi of 25-40 when combined with diet and exercise. plenity is not a drug - it's made from naturally derived building blocks and helps you feel fuller and eat less. it is a prescription only treatment and is not for pregnant women or people allergic to its ingredients. talk to your doctor or visit myplenity.com to learn more. >> we're back with a fox business alert. awaiting another inflation report this morning, national gas prices just below $5 a gallon. cheryl casone is here. good morning. >> cheryl: gas prices are on the rise this morning as you just showed, the national average at $4.98. according to eia, domestic gasoline stocks are down, demand grew as drivers continue to fuel up during the busy summer driving season. oil prices have been j

james freeman joins us now fox news contributor and a wall street journal assistant editor. h one to answer. why is crime up so much james? >> you have seen very clearly particularly these examples you cited in l.a. and san francisco but in other cities as well. a new group of prosecutors who came into office thinking that police were the problem. in many cases incarcerated had to be avoided. d incarcerated was the buzzword. and of course you do not want to see anyone incarcerated unnecessarily. i think voters in many of these cities and nationwide are seeing the cost that is imposed on the law-abiding citizens when criminals are not taken off the streets. jon: it seems like the whole defend the police thing that was such a catchphrase before the last election, you are not hearing that much anymore at least not from its advocates. >> i think if you want to say there is progress i think people have realized how cruel it is to defend the police. to leave victims really at the mercy of criminals. you see cases not prosecuted. amazing story in the seattle times this week about an

james freeman. ering chairman powell and colleagues obviously have some work to do in terms of rates and shrinking that balance sheet. is there bipartisan support for the fed right now to do what they have to do to tame inflation? congressman: james, i believe there is based on the comments by my colleagues on capitol hill and certainly president biden's oval office presentation he made with secretary yellen and jay powell. he believes in the fed independence and that the fed needs to do its job but, look, james, these are some tough months ahead of us if we are really going to see jay powell channel inner paul vocal and tackle inflation. steve: i'd ask chairman powell making people poor the only way to fight inflation. in the late 80's, early 90's there was a better way to do it. >> steve, you're right. unleashing america's workforce and unleashing america's energy to bring down not only our prices but also help our allies in europe. we never focused on that. we are always stuck in this world and st

i'm james freeman and for gerry baker. hurricane warning is come from jamie dimon of j.p.l consequences of the were ukraine

john. >> john: james freeman, let's play off this about face by the white house, james, in terms of whetheresident is going to meet with the crown prince of saudi arabia, let's play what president biden said last week and then reiterate what jennifer said yesterday. >> i'm not going to meet with m.p.s., i'm going to an international meeting. >> i think he will meet with the saudi crown prince. he has asked for all suppliers around the globe to increase production, that includes opec. >> john: so there you go. jennifer granholm saying i think he will meet with m.b.s., reinforces the idea the president, beset by the huge gas prices and facing a red tsunami is putting his tin cup in his hand and saying please, sir, can i have some more oil. >> yeah, and partly it's a concession to reality after his campaign rhetoric on the regional security side. he realizes that it's a rough neighborhood and we have to deal with the saudi dictatorship. but on the energy side, yes, he wants gas prices to go down, but he doesn't want to acknowledge meeting with the crown prince leading this country, president b

i'm james freeman and for gerry baker. hurricane warning is come from jamie dimon of j.p.as he considers potential consequences of the were ukraine and the u.s. federal reserve effort to tame inflation. so what is the good news? friday brought other solid jobs report and at least the people running washington now acknowledge that inflation is a problem but remember last year when they acted like the spending and money creation party could go on forever? >> these investments interest rates are at historic lows will generate more growth, higher incomes, a stronger economy. >> do not expect that we will be in a situation where inflation rises to troubling levels. >> is there a risk? i think there is a small risk. i think it is manageable. >> don't you just love and politicians pouring your money into federal programs call them investments? do not expect a finance router and the result of washington 2021 blowout is financial pain including inflation. at least one pillar of official washington is acknowledging failure even if she is still trying to redirect the blame to unexpec

. >> ashley: wesley hunts, james freeman and lara trump are here to help you start your friday morning, keep it right here on "fox and friends first." these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. this is xfinity rewards. get a 4-week trial plus postage and a d our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th. >> carley: high gas prices in michigan busting the budget. one is taking extreme measure to save fuel, which costs well over $5, the sheriff post thanksgiving message on facebook. we've exhausted funds with several months before the budget reset. we are managing calls for whatever are acceptable over the phone. public safety comes first nonlife-threatening calls and

james freeman assistant editor for the "wall street journal" here.? it's not nothing. >> not pocket change. that's out of an $800 billion plus program funding unemployment insurance. that is not all fraud. that is misstep money. a lot of it the labor department says is fraud. this goes beyond just the labor department. we've seen at the same business administration shoveling out covid money for paycheck protection and emergency loans huge reports of fraud there as well. tens of thousands of complaints. billions of dollars. it makes sense. it could have been predicted. if you think about this idea in the spring of 2020 and shut down much of society and start shoveling money out of washington to simulate prosperity you knew it would go wrong. >> dana: the democrats aren't taking any responsibility for this. they blame president trump. call for number 2. listen here. >> the trump administration contributed to this problem by failing to put basic fraud controls in place to protect these vital relief programs and american taxpayers from fraud. the biden a

. >> harris: that t "wall street journal"'s james freeman titled team biden's endless campaign to make energy expensive and goes after biden's efforts to force companies to take on more paperwork on climate risk. we have more on that from the north lawn. >> president biden is expected to call on congress today to extend a three-month federal gas tax holiday even though the white house hasn't begun any sort of outreach to lawmakers to build support to pass this. at this juncture it looks like it is getting probably no republican support. senator tom cotton said the gas tax holiday is a gimmick worth 6% of the increasing gas since biden took office. meant to cover up the fact that dem policies have restricted supply and raised costs. even former president obama called a gas tax holiday a gimmick that allows people in washington to pat themselves on the back with no return and unclear how much americans will benefit from this. federal gas taxes are much lower than state gas taxes and also some worry among economists that a gas tax holiday could increase demand and increase inflation. the

officials now say that they'll be meeting with saudi arabia's crown prince with biden this week, and james freemanir? olympic gold medalist donna de verona joins us. robert sanders on assignment today joining nina vogel and me for america reports on the top of the hour, we will see you then. 's musical stomach to ♪ ♪ >> harris: i tried to talk before aretha, what is wrong with me? is she done? all right. a new survey of journalists find 55% say every side of an issue does not always deserve equal coverage. so it may not be surprising that nbc's chuck todd dismissed the idea of the liberal bias claiming the notion is a republican talking points saying "the republicans have been running on, there is a liberal bias in the media." we should have fought back better in the mainstream media. we shouldn't have accepted the premise that there was a liberal bias. and yet, here is cnn's own don lemon warning journalists not to portray democrats and republicans is equal. >> we cannot have a false sense of equivalency about what is happening when it comes to politics in our country. there is one power at the m

dagen: as james freeman wrote over the weekend, washington keeps forcing americans to take pay cuts becauseages. and, dan clifton at strategist research wrote yes, congresswoman, there were two policy errors, the passage of the 2 trillion-dollar in fiscal aid in february of last year and then the failure to embrace in all of the above energy policy in february of this year. but now the risk is the possibility of a reconciliation bill that will raise taxes and then spend money to reduce inflation. the potential for another policy-era compounding an already situation is quite clear, the common sense does not always work in politics. is there some common sense across the aisle, congresswoman, in terms of again handing out money to people to fight inflation is the definition of insanity. congresswoman: it is, 100%. doing the same thing over and over and expect the different result is definition of insanity. we know that in washington, d.c. common sense isn't common and, listen, i may only have a minor in economics but economics 101, the more that government spends, the less we the people get to

fox news contributor james freeman assistant editor of the "wall street journal" editorial page.shington don't hold your breath for that. what have we learned so far about the kavanaugh situation? >> disturbing event. we can't say surprising. the judge has been saying for a long time and the senate said we need to protect judges and their family and need to move that protection up to the level of senior executive branch officials. obviously it is not happening speaker pelosi doesn't want it to move in the house. the president could make a prime time address tonight about respecting our system, justices and act with federal law enforcement to make sure their families are protected. >> dana: we know why she is not pushing it. the left was mad saying it makes the gravity of the overturning of roe v. wade not seem as serious. >> there is a lot of excuse making. you have been showing the chuck schumer clip where he says you are not going to know what hit you. people may not remember, he finally was pressured into an almost apology. didn't apologize said he regretted it but has continu

james freeman assistant editor of the "wall street journal" with us on set. i listened.t's the comment heard round the world i should say. >> it is kind of unavoidable. you go back to those early months of 2021 when democrats from the obama administration warning saying we don't need a huge federal spending bill right now. it could be inflationary, not necessary. the pandemic is over. she prominently ignored them and you would hope this acknowledgement would come with a policy change as well but maybe this is the first step to recovery. >> sandra: it was almost -- was it ignoring the problem or getting it wrong? she said she got it wrong. we'll give her credit for that but also said this after in that interview. they played out the many times in a montage of her saying inflation would go away. that this would slow down. inflation won't be a big problem for the american people. she then went on to detail it was supply chain bottlenecks that worsened. the war in ukraine that led to arise in energy prices. there were things out of her control that happened that she could no

. >> bill: james freeman, fox news contributor from the "wall street journal."voted for flores, first time i ever voted republican. mass red wave in 2022. i don't know if you agree with him? >> that's what all the indicators are telling us. several months to the election. they could be wrong. stuff can happen. inflation could plunge and maybe we get a new political environment. you look across the polls. gallup reading sobering in terms of presidential approval rating, what people think of congress, what they think of the economy, all at historic lows. typically they're saying the president's party in an off year election loses a couple dozen seats in the house. they think it will be bigger. >> dana: one of the reasons is inflation and here is what if you call for number two this is what president biden said yes trying to blame the republicans. >> president biden: under my plan for the economy we made extraordinary progress and put america in a position to tackle a worldwide problem that's worse everywhere but here, inflation. the problem is republicans in congr

james. narrator: funding was also provided by, the freeman foundation.er blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from viewers like you. thank you. ♪ ♪ narrator: you're watching pbs. ♪ da-da-da-duh-da-da-da♪ ♪ da-da-da-da-da-da ♪♪ ♪ ♪ narrator: funding for this presentation of this program is provided by... narrator: pediatric surgeon. volunteer. topiary artist. a raymond james financial advisor tailors advice to help you live your life. life well planned. narrator: funding was also provided by, the freeman foundation. by judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from

james freeman writing about that in the wall street journal, a speech that joe biden should no longeronomy. all the above. we have so many great things in america. let competition work and let what consumers want. the ev that he talks about, people don't come in asking for electric vehicles. in texas alone, we pull jet skis, we pull boats. that's not going to do with electric vehicles. where are you going to get it -- where are you going to get it charged. you will wait 2 and a half hours for it. if it's a government station it's probably broken. dagen: you're talking, you're speaking not just as a member of congress but small business owner, someone who is in the car business car dealership for 50 years and biden's planning to make half of vehicles told electric in 8 year's time, meerkats, schlapp where ev prices are going through the roof. jump in. >> right, and the cadillac, 300,000 or a $100,000 or so. it'sish sane. insane, when it comes to joe biden, he's been blaming the fossil fuel industry and basically saying they are profiting off of the higher gas prices. how do we dispel t

sean duffy, lara trump, james freeman, come back soon, guys, thank you so much and have a great day, everybody dow industrials at the highs of the morning as we send it over to stuart and "varney" & company , stu take it away. stuart: stuart and "varney" & company, okay, good morning, maria and good morning, everyone if you go past a gas station, you're going to get a shock, yes , prices up again, and it's not just a tiny fractional move, oh, no. overnight, gas went up $0.05 a gallon to a new high 4.67. regular has a $5 handle in six states, and rising. all ready, look at this. okay, now it's just one station in los angeles but it's charging $8 for gas, and $9 for diesel. i'm not suggesting the rest of the country will get to that level but when you see gas going up so rapidly you know you are in a spiral. all right one hour from now another inflation indicator. we're going to see upwards of 11 million job openings. employers desperate to fill those positions, we'll keep raising wages. okay that's great, but it means wage inflation. add it to the energy inflation, food price inflatio

dagen: christian, whiten as james freeman wrote over the weekend in an editorial, america against another pay cuts because inflation is rising much faster than wages. pointing out that real average hourly earnings have fallen 3% in the last year, christian. jump in. >> yeah. it's a tax on everything. you can either raise taxes formally by passing you law through congress and having the president sign it or you can just deflate the currency which happens a automatically if you spend like drunken sailors and print dollars like a bay that take republic which is what we've done. i'm curious what the republican plan is to control inflation. you know, biden is wrong when he blames inflation on putin's war. however, oil prices did increase dramatically, not when putin invaded ukraine but when the u.s. put sloppy sanctions on russia that weakened after the inflation, that's what caused the spike and republicans have been in favor of that and republicans including yourself voted to send $40 billion we don't have to ukraine so two questions. one, what's the republican plan for inflation? and two, s

james. narrator: funding was also provided by, the freeman foundation. and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contrutions to this pbs station from viewers like you. thank you. ♪ ♪ narrator: you're watching pbs. ♪ da-da-da-duh-da-da-da♪ ♪ da-da-da-da-da-da ♪♪ ♪ ♪ narrator: funding for this presentation of this program provided by... narrator: cfo. caregiver. eclipse chaser. a raymond james financial advisor tailors advice to help you live your life. life well planned. narrator: funding was also provided by, the freeman foundation. by judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from viewers like you. thank you.

to compare joe biden to jimmy carter is insult to jimmy carter at the end of term was actually, james freeman private sector even airline tickets prices with something jimmy carter went after. not only are left wing liberals the ruling class in d.c. talking about more spending, they are also talking about tax increases, so if you are worried about federal reserve, sending us into a recession highly likely at this point throw on tax increases. on corporations, that are struggling mightily, with running their businesses, with the inflation pressures that they are facing, i -- called this at the end last year, on the new year'sev special for the five i said story last year was inflation a it will continue to be, and the story of this year developed will be asset bubble collapsing a recession as fed tried to fight it sadly that has come through. >> absolutely come true we are looking at market that recognizes that, the dow industrials right now down 310 points, as you know, going into this number, dow was up 35 points, the s&p is down 45 nasdaq down 156 points right now, andy, what does this mean

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james. narrator: funding was also provided by, the freeman foundation.judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from viewers like you. thank you. ♪ ♪ narrator: you're watching pbs. ♪ da-da-da-duh-da-da-da♪ ♪ da-da-da-da-da-da ♪♪ judy: good. -- good evening. i'm judy woodruff. on the "newshour" tonight. juneteenth. the united states officially celebrates the anniversary of the end of slavery as the push for social justice persists. then, historic shift. colombia charts a different course as the country elects a former guerrilla fighter as its first leftist president. and remembering our friend. we honor the life, career, and legacy of the long-time newshour political analyst mark shields. >> my favorite moments in television havbeen friday nights with mark shields. judy: all that and more on t't'gh"'s nbsshew

james. narrator: funding was also provided by, the freeman foundation.judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from viewers like you. thank you. ♪ ♪ narrator: you're watching pbs. ♪ da-da-da-duh-da-da-da♪ ♪ da-da-da-da-da-da ♪♪ ♪ judy: good evening. i'm judy woodruff. on the newshour tonight, juneteenth. the anniversary of the end of slavery and the push for social justice. then, a historic shift. columbia elects a former guerrilla fighter as its first leftist president. the life, career and legacy of long time newshour political analyst mark shields. >> my favorite moments in televion have been with mark shields. >> all that d more in tonight's pbs newshou