edward lawrence right now. edward.orter: liz, very large companies taking president joe biden's words to heart and actually firing work here's are unvaccinated. the president has vilified the unvaccinated, the latest company to announce that citigroup saying it will fire all unvaccinated workers january 31st. the mayo clinic let go of 700 people who did not get vaccinated. google has given the message no jab, no job. the administration saying they are just protecting workers and businesses. >> i think the thing that is most disruptive to any business or industry is to have half their workforce out because they're sick with covid. right now i think the most important thing to do is protect americans. we do that by getting them vaccinated and getting them boosted. reporter: missouri attorney general says these types of mandates through osha are much larger than about vaccines. he says it will ses a precedent that the president could use. >> we've been the freest country in the history of the world. we believe in individu

edward lawrence with more from the white house. hey, edward.eporter: neil, you know a slew of companies getting ready to fire a large amount of people. the latest to announce was city group that said they would fire any unvaccinated worker by january 31st. the mayo clinic already fired 700 people because they are unvaccinated. google has given out that no job, no vax, no vax no job mandate already on this. others like target, lowe's, starbucks, they're standing by their vaccine mandates, exactly what they believe should go forward. the administration making the case on "fox news sunday" that they're only protecting workers and businesses with this. listen. >> i think the thing most disruptive to any business or industry have half the workforce out because they're sick with covid. we've seen with the omicron variant prior protection protects you less well than with the current, than it had with prior variants. reporter: missouri attorney general says these types of vaccine mandates through osha are much larger than vaccines. he says it will set

edward lawrence is in washington with more. edward.orter: well, liz, the last time inflation rose this high this fast the movie "e.t." was just released. when you're looking at a 7% year-over-year cpi inflation number that gives more ammunition to the federal reserve to raise interest rates starting in march. look inside the numbers. where are some of the increases? all types of gas rose 49.6% year-over-year. fuel oil to heat your home up 41%. if you're buying a car, new car prices up almost 12%. used car prices ballooning more than 3%. when 37%. bakery grocery products cereal up 1%. that is more than increase of wages year-over-year. meat, poultry, eggs up 12 1/2% over the past 12 months, fruits and vegetables up 5%. republicans squarely blaming president biden. >> inflation is the biggest problem people talk to me back home about. this is a social injustice, another crisis created by this president and his policies. until we reverse the policies inflation is going to continue. reporter: the white house brushing off these inflation nu

first, edward lawrence live from the white house. hi, edward. >> hi, martha.ut pressure on individual companies to individually mandate themselves. the vaccine mandates for workers. some companies have shelved the plans to have vaccinated workers. citi group is going forward with firing any unvaccinated worker january 31. they must show proof of vaccination today to avoid the pink slip. the florida attorney general said the ruling stopped a power grab by president biden. >> i was so elated to hear about the decision. this is not the end. you'll see more mandates and more attempts by this administration to approach on states to obliterate the separation of power and in order to have a free society, you have to have people stand up. >> osha clearly exceeded their authority adding this is a significant victory for employers. the supreme court allowed the vaccine mandate to go forward for healthcare workers at facilities that received federal funds. the white house saying that they will aggressively enforce that mandate. martha? >> martha: thanks, edward. edward l

. >> harris: edward lawrence live for us outside the white house. edward. >> you said it. 1982 the last time we saw inflation numbers like this. severe recession then. this report will give more ammunition to the federal reserve to raise interest rates in march lifting off earlier. you mentioned the 7% year-over-year inflation rate. the price of gas, all types of gas up 49.6% in the past 12 months. winter, a cold one at that. fuel oil to heat your home up 41%. when you look at food cereal, baking products up 4.8%. that alone is more than the increases in wages americans are seeing year-over-year. meat, poultry, eggs up 12 1/2%. fruits and vegetables up 5%. try eating out. the meal will be 6.% more than it was 12 months ago. republicans very upset and pointing fingers. >> you cannot launch multi-trillion dollar borrowed money spending packages. you cannot continue to do that. you cannot continue to shut down made in america energy. you can't do that without raising prices. you cannot continue to shut down the economy related to vaccine mandates and di

go to edward lawrence at the white house with more. reporter: what might have brought the markets back a little bit, the fed says they believe the supply chain issues you will work themselves out this year. this is the renomination hearing. renominated fed chair jay powell for a second term. he is expected to sail through the hearing but what he also did signal they will be more aggressive with the tightening and multiple rate hikes. listen. >> over the course of this year return to normal supply conditions. that is going to affect our policy. i will say though, if you know, if we see inflation persisting at high levels longer than expected then we will you know, then we'll if we have a raise interest rates more over time we will. reporter: federal reserve members indicated three rate hikes this year. goldman sachs, others, jamie dimon, saying four are likely. the growing feeling the first rate hike will come in the march meeting. now december cpi inflation number comes out tomorrow. right now we're seeing a 39-year high at 6.8%. many

edward lawrence has more. edward? reporter: you said it at the top of the show.ig blow to the biden administration by the u.s. supreme court. the white house pushing vaccine mandates for months. now the highest court in the land saying vaccine mandate for companies with 100 or more employees is unconstitutional. it could go back to be relitigated if the two sides want to do that. senator john barrasso saying 6-3 decision was the right one. >> a big win for the american people and for freedom and it is a big loss for president biden and for big government. i'm a doctor. i'm pro-vaccine. i'm anti-mandate. to me the mandate was a massive overreach by the government. reporter: so this white house now shifting the pressure. in a statement from the president reiterated by white house press secretary jen psaki they're putting pressure on companies. listen. >> supreme court's decision on the osha mandate essentially means that end of pandemic is up to individual employers to determine whether their work places will be safe for employees. whether their businesses will be

edward lawrence has the story. edward.orter: liz the economy saw a very good indication for friday's jobs report. the adp payroll report out today shows that 807,000 jobs were added back to the economy and private sector companies but, now, but, this is a big but here, the report shows that 4.5 million people actually quit their jobs in the month of december. that added to the 10.6 million job openings in this country. white house economic advisors scratching their head how to get 7 million people employed to take those jobs. the bottom line, companies are having trouble hiring. we have a large number of people needing jobs. senator john barrasso blaming democrats for wasting money. >> democrats put $2 trillion in so-called covid relief, passed only by democrat votes in march. i think it was one of the things that really stimulated the inflation that we're having to liver with now. we need accountability for that money. there was $47 billion in that package for coronavirus testing. reporter: we know there is a lack of test

now edward lawrence has more from washington. edward.orter: liz, president joe biden says he understands the frustration as we're three years into this pandemic. a senior administration official is telling fox news the administration moved up the delivery of 10 million pfizer pills for the therapeutic side of this from september to june. the president also announced that he will double that order. now we herd about the 500 million tests that the president says he wants to give americans starting early this month to test for covid-19. he is using the defense production act and actually directing people to google to find free state testing sites. >> many states and local governments and health care providers are passing out free at-home tests that you can pick up. just find out where they are and finally as i announced recently the federal government is launching a website this month where you can get tests shipped to your home for free upon your request. reporter: three years in and $73 billion allocated for testing republicans are asking

neil: edward lawrence thank you my friend.e house. kevin hassett, you remember kevin, the former chair of coins of economic advisors under president trump. kevin, good to see you again. >> good to see you too, neil. neil: let's get the sense of economy, inflation first off. that gets a lot of attention. the federal reserve might address or telegraph what it plans to do this year when we get the minutes from the last meeting from a little over a month ago. what do you expect they'll do? >> right, well the fed has to start cracking down on inflation. right now it is running at a 7 or 8% rate. i think it is gathering momentum going into the year. so if the fed doesn't act now it is really extreme misconduct on their part. folks who are worried about higher interest rates and waiting to buy a house or something, i think they should get out there to do it soon, interest rates will like are go up three or four times next year. neil, if you or i were at the fed we would have lifted interest rates already, and probably going 50 basis

edward lawrence joins us from the white house, as new cases are out, do we know how and from whom theernment will be sourcing these tests? are the that's the big question he's already, the president has already instituted or employed the defense production act to make sure these companies that make those tests have the stuff they need to make the tests and so far it has not been enough. as you mentioned they have now announced they are going to give 10 million additional tests per- month to schools to keep them open. >> these 10 million additional tests available each month will allow schools to double the volume of testing they were performing in november. reporter: now the press secretary will no doubt get questions about where those tests will come from, now we have all seen and i've been in those long lines to get a covid test. that's if you can find an appointment to get one. the administration did sign its first contract a week ago with gold belt security to deliver the first part of the 500 million at-home tests that the president promised. still, the former hhs secretary tom p

with that we have edward lawrence live at the white house with the details. a little bit of a distraction, if you will, right? many. [laughter] >> reporter: exactly. distraction with the bridges. not building bridges in congress or with the american people, it seems, but apparently we're going to build and fix bridges here in the u.s. the department of transportation is rolling out that bridge program. that's the first part today of the bipartisan infrastructure bill. now, the president acknowledging in that that he has not gotten everything he wanted done, but this is one thing the administering did get done. the program calls for spending $26.5 billion on bridges over the next five years. $5.3 billion will be available this fiscal year. now, there's some 43,000 bridges in the country in poor condition. this money will help about 15,000 of those. so, obviously, this will help boost the construction industry for years to come. now, this money will be spread out over all 50 states including washington, d.c. and puerto rico going forward. but the president has

let's get to edward lawrence, he's live at the white house as the business world waits.e the odds makers inside the beltway saying, edward? reporter: liz, let me check my sports book draftkings app here, actually, not allowed to gamble so it's not on an app but it depends on really who you ask and as you said yes, the osha says they plan to start writing citations on that mandate today, which is the reason that we could see that decision by the u.s. supreme court at some point today, as early as today i should say. it could be later on, but you know, the attorney general from missouri is saying this , you know, not only will affect vaccines but this also could set a precedent. listen. >> osha was created to make sure fork lifts beep when they backup, not to force the vaccination of, you know, almost 100 million americans. i think if you take a step back, this is about a much broader question than even just the vaccine mandates. we've been the freest country, we believe in individual rights, we believe in individual liberty that people could make these decisions. reporter

edward lawrence fox news. new at 6 30.based company robin hood is moving most of its 3400 employees to remote work permanently. the online trading platform says it will adopt a remote first approach for jobs, which will help create an accessible workplace, the company says, or a company spokesperson says the move will allow robin hood to recruit and attract talent from almost anywhere. a number, such as coin base octa and shop by the nigerian government has lifted its ban on twitter, the president of the west african nation, says twitter can resume operations tomorrow. nigeria suspended the use of twitter in june. it said it was because of quote the persistent use of the platform for activities that are capable of undermining nigeria's corporate existence and quote twitter has not yet commented on lifting the ban. are coming up. we'll have the new developments today in the sexual abuse lawsuit against britain's britain's rather prince andrew plus the senate leader promises a vote on voting rights or a change to senate trad

edward lawrence fox news. here to talk with us now about the inflation.ys is mitchell barks at the college of business at san francisco state. thank you so much. mitchell for being here. consumer prices as we just mentioned, rising again, hitting a 40 year high. explain for us the main cause here. well one way to approach the explanation . heather is supply and demand the good old first rule of economic supply and demand. and the big culprit is the supply side, so let's just take a quick moment and talk about the demand side. there's been increased demand the huge government payouts during covid while they were necessary to keep the economy on its feet. they have overheated the economy, and there's been so much money put into buying things that that's putting upward pressure on prices. secondly is the great resignation. if people aren't working, they have more time to shop. simply put it. and there's also a new mentality, especially among younger consumers, something we used to call the layaway plan. it's buy now pay later people, especially during the co

edward lawrence with more from there. edward?that grumbling up on capitol hill about possibly more support, more free money, for small businesses on this front. the sources familiar with the talks that are going on have said that democratic senator ben carden and republican senator roger wicker are working on a bill that would re-up the restaurant revitalization fund that would give food and beverage companies up to $10 million per-company and up to $5 million per-location. the white house full speed ahead on the social spending package pushing trillions in more programs, but non-committal about this stimulus. listen. >> we're in a very different place than we were a year ago, or six months ago. historic records of job creation , historic economic growth across the country. 200 million people who were vaccinated, so we're in constant conversation but in terms of a prediction of a specific request , i would say there constant conversations but nothing new to report at this point in time. reporter: as some republicans say instead o

colony, the cities cultural classes rub, shoulders ah, one of the most famous guests was thomas edward lawrence, best known as lawrence of arabia and astute observer, brilliant writer, an avid tele of tales blue, 93, and especially died good visual. she carried on her spirit through his work and faith, bringing people together and creating places of refuge for her biggest concern. went to the cities disadvantage children. in 1925, she opened an orphanage law . the orphanage would later become spafford children's center, a charitable institution that still occupies the original location in the old city . the foundation provides health, social, and educational support to palestinian children and families in east jerusalem. the seats of the charity were planted on christmas eve in 1925. when beth spafford, vesta encountered a bedouin, his sick wife and their baby hospitals were closed and the family had no place to stay. ah, as vacillation rose in him and was he before me stood a rustic madonna and bab and metaphorically speaking, no room for then in the in beth arranged for the family to receive

edward lawrence at the white house with the latest on that part of the story. edward. reporter: exactly. and the numbers that grady, the numbers show exactly what grady trimble was describing out there on the fields. the market got the 7% that it thought it would get year-over-year inflation. that is the reason it opened up. kind of settled back down. sort of around flat right now but still we haven't seen these numbers, inflation numbers since 1982. that year was a severe recession, started recession for the u.s. it was also the year "e.t." was introduced. the two are not related. this is what people look at the at grocery store in general. gas prices of all type went up 49.6% over the past 12 months. winter, cold one at that, fuel oil to heat your home up 41%. when you look at food, cereal, bakery products up 4.8%. that alone is more than the increases in wages over the past 12 months. meat, poultry eggs, up 12 1/2%, vegetables up 5%. questioning, republicans are questioning the president's policies. >> so the economy will take off on its own. it did not need stimulu

stuart: edward lawrence. adam: were telling you the 10 year note is in and out of one.8%, keep in mind it began this year under one%, it has effectively doubled in that time. perspective is everything. i will explore this with charles payne. those of a certain age, ridiculously low rates and others, it jostles of them, a tenure, 30 or fixed-rate mortgage, 15 year mortgage, they are backing up, 30 year fixed-rate mortgage city back 3% but as recently as five weeks ago, mid 2s, that adjustment is jarring to some and will change their perspective on how big a leap you are looking at. the supreme court reviewing oral arguments on the president's plan to make sure everyone gets vaccinated, the vaccine mandate taken up by the highest court in the land. >> a big day at the supreme court, two cases, dealing with vaccine mandates, policies put forward by the biden administration, one being argued right now, the second case expected to go until 1:30 or 2:00. this affects more than 100 million, that is why the supreme c

elizabeth: edward lawrence thank you for your reporting.he president lost training is big government push to seize control of state powers to run elections and run vaccinations begot the white house firing back at arizona joining me now is florida attorney general ashley moody along with john hopkins university professor public health and fox news contributor dr. marty makary. first to you, ashley moody. if doctor got hot questions for you coming up for the treasury department warning arizona we are going to call back your pandemic aid if you, arizona, it does not stop under his cutting school mask requirements. this is a new next level threat coming out of the white house. >> this is not going to stop. clearly this administration is caring nothing for the consequences and results of their policy. we had our requiring head start students to wear masks as young as two. we pushed back on that and got an injunction. this is nonsensical policy coming out of washington. we are going all the way to the supreme court to push back on this overreach

let's go to edward lawrence. >> thank you, michelle and mr. chairman. year-over-year, inflation is at a 40 year high. the consumer price index for all of 2021 was the highest on record. some investors fear the fed might be moving too late. you said no decisions were made on the path of rate hikes but was the rate hike of more than 25 basis points discussed today? as a follow-up to that, you testified that the supply chain issues could be worked out by the end of the year. the ceo of ford told foxbusiness today that the chip shortage will last into 2023. today, you said inflation would start to ease this year. i want to drill down and get a timeline you see on where we could see that relief. thank you. >> i would not say that i would expect the supply chain issues to be completely worked out by the end of this year. i do not expect that and i have not expected them. what i will say and have been saying is i expect progress to be made in the second half of this year mainly. progress. because we are not making much progress. if you look at a ton of metrics

edward lawrence has more. >> this would be focused on small businesses.re working to reup the rest revitalization fund. there might be some republican support on this. but representative byron donald says the focus should be on the government to get out of the way, not government hand-outs. >> what we need are for mayors and governors to stop with the ridiculous lock downs and mandates. the mayor of d.c. just put into place indoor mask mandates again. now in every restaurant, you have to show your vaccination card. that's why restaurants and small businesses are struggling. >> the white house has been noncommittal on the stimulus talk because of covid saying they're having conversations. jen psaki pushing the blame to states. >> what is important for people to understand is that there's some of this funding that hasn't been spent in certain states to put in place mitigation measures. now is the time for that. >> senator john barrasso says there has to be accountability for the money that was passed. he wants to know where the money has gone because most o

first, edward lawrence joining us. >> yeah, we're likely to see a fired up president.ensive when it comes to his handling of the economy. the president is likely to highlight the fact that they brought back 6.9 million jobs. there's more than 600,000 more unemployed than prepandemic levels. he will point to the unemployment rate and wage growth much like his press secretary. >> we saw the most dramatic change in our economy, the biggest year of job growth and the direct result of actions takening by democrats in congress and president biden including american rescue plan. >> however, when you look under the surface, inflation is at a 40-year high. everything is more expensive. workers can afford less. republicans calling him out. >> the worst inflation in 40 years. seemingly endless pandemic, soaring homicides, a border crisis and russia flirting with war in europe. >> president joe biden had nothing on his schedule yesterday to prepare. we'll see how many questions he will answer. i will mention he did talk with a bipartisan group of senators and ukraine. still prepar

let's get right to edward lawrence who's joining us live from the white house with the highlights. >> reporter: liz, you said it, the prime minister's pushing vaccines -- the president's pushing vaccines, mask mandates, booster shots. you heard how federal resources are being spread out, how military members are helping hospitals in hot spot areas to deal with the surge in omicron. you also heard how those vaccinated and boosted are still getting the virus, but they have mild symptoms. so all the mandates for the vaccines and masks have not stopped the spread of the virus, and this is where testing comes in. the president saying that you should actually go google and find where you could find a state free testing kit. he says eventually the principal government will have theirs available. listen. >> i know this remains frustrating. believe me, it's frustrating to me. but we're making improvements. in the last two weeks, we've stood up federal testing sites all over the country. we're adding more each and every day. >> reporter: mean tile -- meantime, he says we'll have those tests by

our own edward lawrence has been digging through it for those sweet details that always help us out.ning us now. give us some of these details. reporter: this is the report that the federal reserve will use to set monetary policy coming up. we'll know the results of that on january 26th. they say in the report growth is hurt by supply chain issues and labor shortages. the federal reserve noted districts saw a sudden pullback in leisure and hospitality. specifically not just talking about air travel and hotels but also restaurants with people going out to eat. manufacturing they say saw an expansion over the last several weeks but they saw the lowest growth in manufacturing over the past, since the past six months. now tightness in the lable for market she say drove wage growth for workers. good for workers, bad for business. they noticed in this report that means inflation pressures on business. the high cost of inputs have been attributed to the ongoing supply chain disruptions. these prices are putting pressure on inflation that companies are feeling. also the report says transport

edward lawrence standing by at the white house with the very latest for us. we're talking about the supreme court, and their decisions, it was a mixed decision, edward. reporter: it was a split decision and we'll get to that in a second. let's talk about what the supreme court did when it blocked it. it blocked the vaccine mandate for large employees. any company that has 100 or more employees, the vaccine mandate and that testing mandate has now been blocked and that was a 6-3 decision. in the dissent from that. it says the justices all said this , in the face of a still- raging pandemic this court tells the agency charged with protecting worker safety that it may not do so in all workplaces needed. now, on the other side of this decision, the supreme court did allow the mandate to be in effect for healthcare workers with facilities that get federal funds. so these be hospitals or healthcare elderly facilities that take care of retired folks or elderly folks that have some sort of issue so that vaccine mandate is in place that was a 5 -4 decision with chief j

let's get to edward lawrence who joins us live from the white house with a preview. ndications of what he will tackel beyond the obvious which is the pandemic? reporter: exactly he's going to talk about the economy, the pandemic, vaccinations they've done within the last five minutes we learned the president will have about a 10 minute speech at the top before taking questions on this. he will be likely defiant when he's talking about the economy, the president will make the case that he has the most robust economic recovery in history. the president will point to the fact the unemployment rate is 3.9%. he will also say that his economy added back 6.9 million jobs to this economy, just like his press secretary says. listen. >> we saw the most dramatic change in our economy of anywhere in the world. it was the biggest year of job growth in american history, and it was the direct result of actions taken by president biden and democrats in congress, including the american rescue plan. reporter: president biden will probably brush over the fact that inflation is at a 40 y

edward lawrence is live at the white house with a preview.you love statistics. let me get into the weeds. this is the only second news conference solo inside of the white house in his first year in office. you know it has been a tough year in order to get our questions answered by this president. we heard a lot more from white house press secretary jen psaki what we normally see, you see the president turning, walking away. sometimes he will answer a brief question with a brief answer but mostly we get a shot of the president's back. here is the break down now, for the comparison for the first year. this will only be the 10th news conference including this one president joe biden had in the first year. former president donald trump held 21. former president obama had 27 in his first full year in office. this president elected largely campaigning out of his basement. we will likely here this afternoon the president was able to add back 6.9 million jobs to the economy. it is still 600,000 jobs short where we were prepandemic levels. the preside

edward lawrence is at the white house. hrough all the clutter to get to the truth, edward. reporter: exactly. the white house is blaming global markets and covid, saying that everyone around the world is dealing with all of this inflation but a 40-year high of inflation is hurting basically every american and it also shows translating into the lowest approval ratings for president joe biden of his presidency. in the latest "quinnepiac poll" shows 33% people approve of the president's job that he is doing, a record low for this president in this poll. this could be the reason why. 70% of americans say that the state of the economy right now is not so good or poor. in fact, more than half believe the economy will get worse. these are dismal numbers. even when our own "fox business poll" showed that 84% of registered voters were concerned or very concerned about inflation you know, you have inflation at the highest numbers. we got 7, 7% year-over-year inflation. as you know, your viewers know, inflation pressures continue on c

edward lawrence digging into this. he joins us from the white house. >> yeah. follow the money. this story won't go away to figure out where the money went. the frustration could be known. even here at the white house, long lines in order to get covid tests, at-home tests. very difficult to find. the president just finishing addressing his covid response and stressing that the administration pledged to buy the $500 million at-home kit to start to be delivered soon. >> i know this is frustrating. it's frustrating to me but we're making improvements. the last two weeks, we set up federal testing sites all over the country. we're adding more each and every day. >> he actually directed people to google to find states free testing sites. now $48 billion allocated from the american rescue plan went for covid testing. another $25 billion from the paycheck protection plan went to research develop, validate, purchase, administer and expand covid-19 testing. senior officials saying $3 billion of the money was spent to expand testing sites, not kits, across the country. three years in to t

edward lawrence at the white house. what's happening to these kits?rning. we still have not hear when those -- heard when those tests will be available, asking if the contract is souped, can't even get confirmation that it's been signed and we can get these tests. no elaboration. workplaces requiring workers to get tested, schools requiring kids to get tested to go back. for the holidays the administration told americans to get fested before see -- tested before seeing family members. the president dodged questions about whether testing should have been part of the guidance of the c, the c. morning representative buddy carter, a pharmacist by trade, said he believes the administration dropped the ball on testing. he said two years into a pandemic they should have known there'd be this kind of demand. he went on to sea that when we get the -- say that when we get the tests by february, that'll be too late for this omicron variant. here's the president's plan that he announced before christmas. he's creating new federal pop-up testing sites in high dema

edward lawrence at the white house what's the president's plan to fix this? >> reporter: yeah.y chain issues and saved christmas. playing into all of this is the inflation numbers that we saw. and as you said, you know, the largest inflation since 982. that -- 1982. that will give more ammunition to the federal reserve to raise the interest rates. here's what we're looking at on inflation specifically. the price of gas, overall gas that everyone is seeing, went up 49.6% in the past 12 months. it's winter, heating oil went up 41%. when you look at food, cereal, baking products up 4.8%. that alone is more than the increases in wages americans are seeing. meat, poultry, eggs, up 12.5%. try eating out, full service meals, that's up 6.6% year-over-year. republicans responding quickly to all of this. listen. >> you cannot continue to shut down made in america energy. you can't do that without raising prices. you cannot continue to shut down the economy related to vaccine mandates and disrupting the supply chain. you can't do that without the consequence of higher prices and inflation

. >> thank you, let's go to edward lawrence. >> thanks, mr. chairman, for taking the question here. so year-over-year inflation is at 40 year high, the input costs for producer price index, for all of 2021 was the highest on record. some investors fear that the fed might be moving too late. now you said no decisions were made on the path of rate hikes, but was a rate hike more than 25 basis points discussed today? and as a follow-up to that because i have problems with the mute button, as a follow-up to that you testified that the supply chain issues could be worked out by the end of the year you talked about that today. the ceo of ford though told fox business today that the chip shortage will last into 2023, so today you said inflation will start to ease this year. i want to drill down and get a timeline that you see as to when we could see that relief. thank you. >> so i would not say that i would expect the supply chain issues to be completely worked out by the end of this year. i do not expect them and i have not expected them. what i would say and i have been saying is that i

edward lawrence will have the very latest on the court's looming decision.to get people to work? i'm going to ask one of the executives at taco johns and he will join me next. ♪ everybody's got a hungry heart , everybody's got a hungry heart ♪ ♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ashley: and there you have the statue of liberty in a chilly morning in new york city, it is january, right around 29 degrees, but not too bad overall. now, let's take a look at the markets. can't say that about the markets , but we can say we're well off the session lows. the dow now down 400 points, the nasdaq coming back a little bit, down 1.5, down 244 points, and the s&p 500, also d

to wrap it all up my edward lawrence at the white house with more. a bit to go to that on the voting rights bill to the u.s. supreme court to mandates. the infrastructure bill, a very bad timing on this. it looks a little desperate as a president going towards the only piece of legislation from his domestic agenda that was able to be signed into law. today announcing from the department of transportation, the transportation rehabilitation construction project for bridges. waiting on the president's remarks here, white house press secretary mixing this again with voting rights. listen. >> a lot of people are surprised 19 republicans voted for the infrastructure bill and five or six in the senate and five or six in the house. there are initiatives that have historically had bipartisan support like voting rights that have become unfortunately perceived as a personal issue. >> calls for spending $26.5 million on bridges over the next five years. 5.3 billion of that available for this fiscal year. some 43,000 bridges in the country in poor condition. the m

i am edward lawrence in for neil cavuto.s is cavuto life and we are bringing in the new year with 2022, many of the same covid challenges as 2021, covid cases rising to the highest level since the pandemic started forcing businesses to change course and americans to sort through the change in guidance, business owners left to sort through mixed messages at all private employers are forced to impose vaccine mandates. it is a huge burden on his business is already hurting from covid cancellations. he joined me now. happy new year to you and let's hope 2022 is for the foodys a better year for you. the incoming mayor eric adams says he will keep the vaccine mandate in place and this is one of the most strict and far reaching in the nation. what do you think of that mandate and its effect on you? >> it is excellent in that health is the priority, to get ourselves through covid. saving keeping customers and personnel the priority. edward: are you seeing customers start to stay home because of the omicron variant? >> yes, a rate of

edward lawrence is at the white house with the details. hi, edward. reporter: david, yeah, he is wrapping up the meeting with the national association of governors, the president talking to them, highlighting his response for covid. he is also highlighting how he has a becoming connie in the president's words as well as he talked about inflation and infrastructure. president, governors came here looking for a nod to fast track many of those infrastructure projects in the bipartisan infrastructure bill and, will pay for. president biden: you know how to build roads and bridges. we have a hell of a lot to build. we're going to, we're going to build a bunch of them. also clean water, ports, a whole range of things, we have a lot of opportunity to build back a lot better. reporter: with the president brushed over the immigration crisis at the border. former white house press secretary running for governor of arkansas says she hopes republican governors in the room hold the president accountable for failed policies. >> frankly conservative governors over t

stays facing the president, our colleague from fox business a little closer to the white house, edward lawrenceom you in this location, likely to hear a president defiant about the fact he orchestrated one ec history, likely will highlight he added back 6.9 million jobs to the economy. point to the fact the unemployment rate is 3.9% and worker wage growth is up. what he will avoid is the fact that inflation is at a 40-year high, and not only eating up all the wage increases, it has taken away from the buying power of americans. here is the chairman of the house democratic caucus when asked about the president's first year in office. >> we have already accomplished historic things and will continue to do so. as part of the democratic effort to create millions of good-paying jobs, increase pay for everyday americans, as well as lower costs in a variety of different areas. we'll keep our focus on delivering for the american people. >> the president will also highlight the bipartisan infrastructure bill and how it will save the supply chain which has been clogged since the economy started to open u

welcome, everyone, i'm edward lawrence in for neil cavuto, and this is a big week.saw retail sales for december shoot down and prices shoot up all as problems for president joe biden pile up. let's go to lucas tomlinson in wilmington, delaware, with the president. lucas? >> reporter: that's right. good morning, edward, from wilmington where president biden arrived last night from washington, and even his strongest supporters admit this week has been a disaster. >> there's a lot of talk about disappointments of things we haven't gotten done. we're going to get a lot of them done, i might add. reporter: this week u.s. inflation hitting its fastest pace in nearyly four decades -- nearly four decades. an almost 50% increase in gas prices as americans across the country have noticed at the pump and a 12.5% jump in grocery store prices including meat, fish and eggs. at the white house, jen psaki claims nobody saw this coming. >> we are getting out of a pandemic, and the economic downturn tied to it at a rate that is faster than anyone would have thought would have happene

edward lawrence has the news and the numbers an the reaction. good morning there. >> good morning, bill. you will start to see the blame game out of the white house here. dana said the fastest pace since 1982. that was the year we had the start of a severe recession. cpi numbers as you said 7% year-over-year. exactly what the market expected and the reason it is going to open on the up side, but not one number in this report went down. this will give ammunition for the federal reserve to raise interest rates in march. we can all see gas prices, all types of gas are up 49.6% year-over-year. a cold winter, very cold winter. heating oil up 41% over the past 12 months. when you look at food. we don't have to tell you at the grocery store, cereal and baking products up 4.8%. more than the increases in wages americans are season. meat, poultry, eggs up 12 1/2%. fruits and vegetables up 5%. try eating out. it's up 6.6%. jay powell says part of the issue is the supply chain issues that are still happening. he says they are not fixed. listen to this. >>

edward lawrence is at the white house with a lot more on this. hi, edward. >> reporter: yeah, the president's going to stand in front of a mic, in front of reporters and answer questions, a relatively rare occurrence. if this goes like the other news conferences this president's had, he'll have a pretty selected list to choose from with reporters. fox will not be on that list. in that his first -- in his first year in office, president biden will have had ten press conferences including today, less than half his immediate predecessors. former president trump had 21, former president obama had 27. when you look at -- when you work in the white house, you see a lot of this at his events, you might have one shouted question, get a short answer and mostly we see the back of president biden. during his news conference, we do expect him to talk about how the economy has come roaring back, but he will have to defend how inflation has reached 40-year highs. workers seeing wage increases eaten up by that inflation. the president will be pressed about his f

edward lawrence is in d.c. with what the president is now proposing. edward. reporter: yeah, exactly. you saw it there, oil topping $85 a barrel. the oil benchmark oil prices are highest level since 2014. now goldman sachss is saying inventory levels will fall to their lowest levels since 2000. so you have supply issues, spiking demand. that equals $4 a gallon for gas. gas buddy, gas tracker, estimates gas will be become $4.13 a gallon by june. possibly decline. this is before the latest removes to restrict supply and opec not listening to the administration's call to produce more oil. the administration will reverse trump era policy, allowing the pest troll yum drilling in the alaska wildlife range. >> occasionally spiking oil prices. there is some concern and it is definitely a headwind for the market in the very near term. reporter: so a pivot to heavy climate change push from this president. he has been dealt blows in the just this past week the social spending package as well as vaccine mandates. so the president now expanding basically a climate change a

lots to cover with our team of correspondents, starting with edward lawrence live at the white house. are being placed to handle the surge in omicron cases. the white house here behind the curve on getting those testing kits available to americans, also on therapeutic drugs. senior white house official telling us the white house is able to move up the date actually of 10 million doses from pfizer from september to june, but that is still over the summer. the president also expected to announce he will double that order. now, on testing, no confirmation that a contract has been signed to get more testing kits. i asked this morning several times and was told it's not really how the process works. in any event, we will hear more about how 500 million tests the president wants to give to americans early this month will be rolled out. he's using the defense production act to make sure the testing companies have the materials they need and adding pop-up testing sites in high demand areas. the republicans adding the white house should have known the demand was coming. >> and worst of all, go

edward lawrence reporting for fox business live at the white house. >> you heard this from the presidenthe would unite the country. think about this. you talk about the quinnipiac poll showing biden's approval rating at 33%. this is an historic low for this president. donald trump from the same poll one year in office has an approval rating of 36%. so in one year americans have seen this administration with republicans say botched withdrawal from afghanistan, started an assault on the energy industry and allowed inflation to reach a 40-year high. >> you've watched everything this president has wanted to do, has been damaging the country but he is failing. you would think the leader of the free world would unite the nation, not divide it. >> the new poll showing how underwater the president is on the economy. 70% of americans say the state of the economy is not doing well. in fact a majority of americans think the economy is getting worse. only 15% believe it is getting better. with inflation running at 7% year-over-year the white house is blaming the global market and covid saying they a

edward lawrence is at the white house with the details on all of this. edward? reporter: david, yeah one of those briefings he will get, he will hear about testing going on. that will happen in two hours from now. the president is pushing folks to get testing but feeling the pressure of angry americans waiting in long lines to get that testing. plus at-home testing is nonexistent. hard to find for those americans. meanwhile the administration is pushing people to get thes its, increasing the demand even though the plan to get the new tests is not completed yet. the president announced before christmas he is ordering 500 million at-home tests for americans. i have not seen any confirmation that the administration signed a contract to get those tests. i asked this morning about this, the president also saying that he is deploying pop up testing sites which have not yet relieved long lines. for example, in new york city, republicans saying that this should not have been a surprise three years into a pandemic. >> worst of all, go to the rapid test, the bottom line i

edward lawrence at the white house. good afternoon to you. take it away. reporter: think they're coordinated there? numbers coming from a president who as he was a campaigning for to be president ran on message of unifying the country. think about this, president joe biden approval rating is 33% in the latest "quinnepiac poll." that is a historic low for this president in this poll. at the same time the same poll a year in office, former president donald trump had an approval of 36%. so in one year americans are looking at this administration which republicans say has created a crisis at the border, botched the withdrawal from afghanistan, led an assault on the energy industry spiking prices and giving, allowing inflation to reach a 40-year high. >> watched everything this president has been wanting to do, one is damaging the country but he has been failing. you would think the leader of the free world would unite the nation, not divide it. reporter: new poll showing how underwater president biden is on the economy. 70% of americans say the state of the ec

. >> thank you let's go to edward lawrence. >> thanks. thank you, mr. chairman for taking my question here. year over year, 40-year high, interest costs producer price index for all of 2021 highest on roshd. some investors fear the fed might be moving too late that you said decisions were made on the path of rate hikes, but was a rate hike more than 25 basis points discussed today and as a follow-up to that, problems with the mute button. as a follow-up to that, you testified that the supply chain issues could be worked out by end of year. talk about that today. ceo of ford, though, told fox business today that the chip shortage will last into 2023 today you said inflation will start to ease this year. i want to drill down and get a timeline that you see as to when we can see that release? thank you. >> so i would not say that i would expect the supply chain issues to be completely worked out by end of this year. i do not expect them and i have no expected them what i would say and have been saying is that i expect progress to be made in the second half

edward lawrence is with us. edward, do we know what these people do after they quit? on unemployment. now, we had some good numbers, the adp shows that 807,000 jobs were added back in the private sector. the issue is in these numbers here. as you said, 10.6 million job openings with 7 million unemployed. the white house lowering expectations again while pushing companies to institute vaccine mandates. >> there are still many people who are fearful about going back to work. that is one of the reasons why it's important to put many place these requirements and why employers have taken steps to provide that certainty to people in their workplaces. >> reporter: and so republicans are saying it's the vaccine mandates that are keeping people out of their jobs. as you mentioned, there are 4.5 million people who quit in november, that's a record number. that added to the number of job openings. now, this disconnect has white house economic advisers scratching their heads. republicans say the government just needs to get out of the way. >> if you pay people not to work, they'l