let's bring in david asman who joins me now. great to have you with us.bviously they've been working hard this week to celebrate at the white house on these inflation reduction act. you see the numbers, 59% are extremely concerned about inflation what is your take when you look at this polling. what does it tell you? >> first of all what are you celebrating? come on. the stock market wasn't celebrating. if you have a 401(k), you're not celebrating. if you're buying groceries and costing you 13% more to buy them now than a year ago, you're not celebrating. it's like -- this is the mirror administration. everything is in reverse when you look at it from their perspective. when you look at it from our perspective of average consumers, everything is getting worse. biden putting it all on the past administration, let's be clear, in january, 2021, when he came into office, we had a 6% growth rated and 1.4% inflation. this year we have had two negative quarters, back-to-back, that used to be the short hand definition of a recession, even if it wasn't, two back t

david asman, great to see you.end. >> same to you, three days, i love it. >> julie: enjoy. the morning after that speech tearing into trump supporters given by the president last night. the president is now making remarks at the white house on the american rescue plan. he says basically that those investments are giving an economic boost to communities all across the country and they certainly need it given sky high inflation and painful interest rates. we'll take you there live if the president fields reporter questions and brings any news out of it. stay tuned. now we know what so many people were saying for so long. covid school closures were crushing to kids' learning. we all knew that especially if you were a parent, right? when president trump was pushing to keep classrooms open democrats and teachers unions, if you recall, tore him apart. and anyone eating crow? we'll see. a new lawsuit with some chilling claims about the white house. >> we know that at least 45 officials, government officials have been iden

joining me now, david asman. so david, we see through the inflation reduction act, we see through the heavy hand on the world bank. there's a climate agenda in promoting green energy, which has a lot of links to chinese business. put this all together for us. >> first of all, you should understand this is what happens when you have government-controlled industrial policy. rather than leaving to it the marketplace. when the government is in control of something, there's all kinds of political influence. everybody and their grandmother wants a little piece of the pie. because the government can put together more capital than any individual company, whether it's the united states government or france or china or whatever. so what is happening here, let me just take one little bit of this story, which edward talked about. david malpas, the head of the world bank. the world bank's job is to help people people like in africa and latin american. i followed latin american. the biggest crisis for poor people in the world

want to bring in david asman to give a shake of where we're going today. what's the status?ted with the stock market. it is good to remember what happened in january of 2021 when biden took over. the stock market, dow jones was at 31,000. it is 1,500 points off where it was when joe biden took over and also remember in january of 2021 the economy was growing at 6%. we've had two negative quarters and inflation of 1.4%, it is 8.3%. we're going in the wrong direction. >> dana: does this tell you that the markets are indicating that they think there is bad news to come in the future as well? >> it tells me the markets think we've dug a hole with all the spending and regulations and killing of fossil fuels that it will take us a lot to get out of. it is not just us, it's the rest of the world. although there are some good signs from places like u.k. and italy that they may turn around their economic policies to one that's more oriented towards reality. >> bill: we were watching this abc polling that came out over the weekend. keep in mind the election is in the back of your mind

i'm a david asman in this week for paul gigot. downgrading the importance of 40 your high inflation, listen. >> president biden: let's put this in perspective. inflation month-to-month is just an inch, hardly at all. david: jerome powell hikes rates by 75 basis points were third time saying inflation is so bad, he will do what it takes to get it under control even if it means more economic pain. >> have got to get inflation behind us and wish there were a painless way to do that. there isn't. david: working americans are spending a month out of their annual salary to keep up with soaring prices. is inflation and its causes killing our economy? let's ask our panel, dan heninger, kim strawser land mary anastasia o'grady. biden is downplaying inflation, powell saying it is -- essentially willing to risk recession to cure it. who is right? >> let's focus on that remark by president biden that inflation last month rose inch. a new turn for the economic lexicon, inflation coming up and inch. the biden white house and the federal reserve

for to david asman and the strapped united states economy. david, good afternoon to you. >> good afternoon. >> martha: let me start with this sound bite from jerome powell yesterday talking about his pattern of increasing interest rates in order to cool things down a bit. watch this. >> we don't know. no one knows whether this process will lead to a recession or if so, how significant that recession will be. >> so another big fat rate hike. they're trying to get a soft landing here. how is that looking, david? >> from his perspective, it's not good. he admitted that if we have to have a recession to cut inflation, we'll have a recession. that's why the market reacting as it did. it was down over 500 points at the end of the day. what frightened me the most about when he said he down graded commission growth to 2022 to .02%. that's basically as close to flat as you can get. when you have 8% inflation, that means you're going downhill fast. it's just no denying it's -- this inflation is taking a month out of everybody's yearly salary. it is caus

i'm david asman, in for kennedy.'s take take a live look at punta gore da, near where ian made landfall. this is a very slow moving storm which makes it even worse. first, it stalked the keys and then the southwest coastline before making a right turn towards the mainland, and this is the scene in port charlotte just north of fort myers. the storm passing just north of there. here's the current radar. you can see just how enormous this thing is. it's almost twice as wide as the state itself. the eye of the storm is enormous as well. the darker red around it, stronger the winds. and as it moves east, the so-called cone of uncertainty suggesting orlando and the space coast could be next. if about an hour ago florida governor ron desantis said this one will likely go down in the record look books. -- record books. listen. >> hurricane ian made landfall this afternoon in southwest florida, and it is battering areas in southwest florida. lee, charlotte and counties even beyond that, major flooding in places like collier c

fox business anchor david asman is here. >> we were all driving horses and buggies.. he was telling democrats that. of course, when he became president oil prices went sky high because we weren't giving out more leases and we weren't increasing oil production. he changed his tune. now what they've been saying for the past year is that oh, we've never had more leases than we have now. we've never had more oil drilling than we have now. it is not true. this "wall street journal" piece is excellent. i would advise anybody that has a chance to look at it. based on bureau of land management and ocean emergency management data. you have to go back to harry truman in 1945 to find somebody that has provided fewer leaseings than what we have now. it is extraordinary. even president obama had more, 7.25,000 oil leases. under biden is 0.13. it is pathetic. i see 0.13. it is still pretty small. >> bill: these are the acres leased. it's in the millions, by the way. >> dana: the other thing is it's very frustrating to wake up this morning and see opec they will ratchet back produc

i'm david asman in for larry kudlow.ices rose more than expected in august despite the central banks's efforts to bring prices down. the economy is in a serious position now as tag nation is alive and gdp is slowing

i'm david asman, in for kennedy. let's take take a live look at

i'm a david asman in this week for paul gigot. resident biden: let's put this in perspective. inflation month-to-month is just an inch, hardly at all. david: jerome powell hikes rates by 75 basis points were third time saying infl

thanks to my panel, i'm david asman. paul gigot is back next week. we hope to see you then. arthel: florida governor ron desantis declaring a statewide emergency as. procall storm ian strengthens in the caribbean, saying it could become a major hurricane. residents are heeding the warning today, preparing for the worst but hoping for the best with. hello, everyone, i'm arthel neville. welcome to "fox news live." eric: held elope, everyone, thank you for joining us. we are following two other major stories, the humanitarian crisis at the southern border taking another tragic turn. fox news learning that the suspect in the hit and run death of a florida sheriff's deputy was in the u.s. illegally, and that for the second time. and president biden spending the weekend in delaware after he slammed the gop's new commitment to america plan. it was a speech that he gave to the nation's largest teachers' union. we have live fox news team coverage on all of this. alexis mcadams is at the southern border, lucas tomlin tomlinson in delaware with the president, max gorden in florida as t

. >> let me bring the conversation david asman in my colleague, what can i tell you. >> let me give you.s. armed forces in a state of high alert. we are city under siege in the united states of america is warding off any further terrorist threats on the city of manhattan. >> the city is closed we cannot leave the city. >> united 93 united 93. >> it look like he's descended. >> united 93. >> united 93 verify 35 united 93. >> president bush is about to speak he is in florida of what was supposed to be a joyous event at an elementary school. let's listen in. >> today a national tragedy, to airplanes have crashed into the world trade center in an apparent terrorist attack on our country. i have spoken to the vice president to the governor of new york, to the director of the fbi in a border that the full resources of the federal government go to help the victims and their families and to conduct a full-scale investigation to hunt down into find the folks who committed this act. terrorism against our nation will not stand. if you join me in a moment of silence. may god bless victims, their fa