i am elizabeth macdonald. "the evening edit", it starts right now.zabeth: thank you for joining us. the stock market again ending to the downside. well above session lows for this a big tug-of-war the federal reserve interest rate hike overshadowing that decent jobs report, 428,000 jobs in april, better than expected with the economy though is desperately in need of workers. more people quitting not working, less worker to rush up inflation to sell eroding your wage again. edward lorenz in washington with moore, edward. >> very good job support your single wages go up 5.5% year-over-year. b of cpi inflation now at 8.5%. the end result is workers are losing money is saved with the president says that there is no question that inflation and high prices are a challenge for families across the country. in fighting inflation is a top priority for me pretty want to blame covid, the invasion of ukraine, the labor secretary attic more to the wall to see what six. >> were seeing a lot of factors and try to shut down for everyone to see another of supply chain

i'm elizabeth macdonald, "the evening edit" starts right now. ♪♪ did you check your money?rally, stocks negative for the week but this feels better than what we have been going through. markets are still struggling rate hikes, to stop inflation, the rate hikes likely in july. the university of michigan consumer sentiment hit an 11 year low to 59.1. why are we telling you the number? that number is near same lows we saw in the 2008 recession, that's not good for the white house for the democrats in the midterms. investors are joking their 4o1k bills like 301 case. this doesn't feel great but the markets have had a good report. white house battling republicans over shortages of baby formula and now we are talking diesel fuel shortages and more. house oversight announcing investigation into what's going on. a baby formula fauci in michigan with more, grady, good to see you. >> the white house insists is all over this issue the recall of formula at this facility. you can see from this chart, that's when the formula shortage exploded when the plan here shut down. a lot of people

i'm elizabeth macdonald. "the evening edit" starts right now. ♪. abeth: we begin with stocks ending mixed. it was seesaw action in the on wall street corner of broad and wall as big retailers report earnings this week. we're talking walmart and home depot tomorrow. now they are the bellwethers on consumer spending. retail spending has still been holding strong. we'll take a close look at that tomorrow. president biden is traveling to buffalo, new york, tomorrow after a mass shooting at a tops store. a teenager murdered 10, injured three others. reports the shooter was in buffalo in early march. he had plans to target another store before he was captured. the mass shoot something being investigated as a racially motivated hate crime. authorities say a separate mass shooting in southern california, laguna woods by an asian mad angry over china taiwan relations. he shot six killing one. now this, reports that the president put the white house on campaign footing for the midterms but amazon founder jeff bezos throws a wrench into that saying president b

i'm elizabeth macdonald. "the evening edit" starts right now. ♪. elizabeth: okay.et's go right at it. look at your portfolio. stocks rallying into the close. retail sales grew about 0.9%. it has been trending up for four straight months. people are just shrugging off inflation, retail sector. home depot had its strongest first quarter sales on record. walmart had a big miss. now the president was in buffalo today calling the racist mass shooting domestic terrorism. the shooter fixated on the idea that white people are being intentionally replaced. now new york did not impose a red flag order to stop him from buying guns even though he threatened his high school. the shooter describes himself in his manifestos a quote racist ecofascist. he believes immigration destroys the environment. he is anti-free market. he says he is not a conservative. he thanks god that conservatism is dead. move on to the story. super tuesday is today. this is for the midterms. midterms version of it. five states with primary today, idaho, kentucky, north carolina, pennsylvania and oregon.

i'm elizabeth macdonald. "the evening edit" starts right now. ♪. elizabeth: okay.begin with stocks falling on recession fears. the s&p is on the brink of a bear market. here is what is it going on. retailer kohl's, they joined target, walmart sounding the alarm on inflation. sysco missed on sales. here is the silver lining. wall street economists say this doesn't feel like 2008 crash or 1987. feels like the slow grind of 1981. numerous asset classes getting hit across the board. remember 1981 was about fixing government that was in a mess. reagan fixed it. we can do it again. we have another major story. the senate approved 40 billion-dollar aid package for ukraine. president biden launches trump's version of "operation warp speed" for baby formula. senator marsha blackburn advised that. white house has no timeline when it will get imports in. no timeline, no accountability. $28 million more for the fda, when the fda got more than 100 million. edward lawrence in washington with more. edward. reporter: now getting aggressive trying to get baby formula on the shelves

i'm elizabeth macdonald of the evening edit starts right now. ♪ elizabeth: welcome to the show.'re watching the fox business network. we begin with all the major indices ending down t was a broad tech selloff. bond yields spiking to a 3 1/2-year high. s&p is breaking down below 4,000 for the first time since march of last year. the nasdaq drops below 12,000. that is the lowest since november of 2020. investors fear federal reserve raising interest rates going to hurt economic growth and potentially trigger a recession. we have this too. activists now gearing up for a week of protests nationwide over roe v. wade, after a weekend of marching on the homes of justices john roberts and brett kavanaugh. reports that justice alito has moved to a secret location. we have protests planned outside of his home tonight. this as president biden will lay out his plan tomorrow to fight inflation as his poll numbers continue to drop. edward lawrence is in washington with more. edward. reporter: liz, inflation has wiped out the wage gains. in fact average hourly wages have gone up 5.5% in the pa

i'm elizabeth macdonald. "the evening edit" starts right now. ♪. eth: okay, don't hit the panic button just yet. yes, stocks again in a broad selloff due to inflation, stagflation, rate hike fears. we've lost more than a year's worth of gains on the dow, the nasdaq, the s&p and target had its worst day in 25 years. this is the worst since the crash of 1987 foretarget. stunning 52% drop in profit for first quarter. lowe's home improvement sales came in weaker-than-expected. now we've got to get ready of a upper is of pain for both stocks and gas. gas rocketed another record high. talking $4.56 a gallon. it is above four dollars in every state. that is the first time ever. we have this, both democrats and republicans slamming president biden for talking to venezuela and iran to get their oil while undercutting u.s. energy. u.s. households spending $2200 extra a year just on gas. here is one fix for the economy, unleash u.s. energy. edward lawrence is in washington with more. edward. reporter: well, liz the treasury department and state department will

i'm elizabeth macdonald. "the evening edit" starts right now. elizabeth: begin with stocks. broad selloff, down nearly 5%. all 11 s&p sectors down the worst day for the dow and the nasdaq since 2020. a year of gains have been wiped out. this is being blamed on fed rate hikes to battle inflation. the 10-year yield, watch it, it is surging above 3%. check the loan rates there. a massive barrier erected around the supreme court. similar to one after the capitol riots. police clashing with protesters in l.a., antifa in seattle after the draft majority opinion in the roe v. wade case, dobbs versus jock son leaked. we have news that protesters will demonstrate at homes of half a dozen justices. put on internet, supposed home addresses of justice amy coney barrett, john roberts, samuel alito, brett kavanaugh, clarence thomas and neil gorsuch. polls show americans don't like this. this is cultural issues, what suburban momses will vote on. they are votes determined last two presidential contacts. grady trimble has more. take are listen to grady. grady what you got? reporter: liz, pr

i'm elizabeth macdonald. "the evening edit" starts right now. ♪. abeth: welcome to the show, you're watching the fox business network. look at that, we're in the green. stocks kick off may with solid gains. it was a volatile session and really choppy. this is happening even as the 10-year treasury yield hit 3% for the first time in almost 3 1/2 years. now the federal reserve is expected to hike rates this week, half a point increase expected there. more hikes are coming as well. to ukraine, it is battling to evacuate adults and children trapped in the steel plant in mariupol. russia continues to bomb. we have the new "washington post," abc poll. the majority are against the u.s. going to war. inflation, triggered the biggest drop in your wages and benefits in u.s. history. your wages and benefits now worth 3.7% less after inflation on average as the economy contracts under president biden. now grady trimble has more. he is live in washington with the latest. grady, good to see you. reporter: liz, when it comes to inflation, not all americans are get

i'm jackie deangelis in for elizabeth macdonald. "the evening edit" starts right now. jackie: good evening everybody. a quick check of the markets stocks were higher as the investors await a expected rate hikes from the fed. we're following breaking developments out of washington. pro-life protesters taking their fight to d.c., after a shocking leak revealed that the supreme court would overturn roe v. wade as voters in ohio and indiana, cast their ballots in the first multi-state ballots for the year. democrats face hurdles including the party's mixed message own prices hitting you hard. 45% of people fear inflation could be an issue for more than a year. more than a year. edward lawrence has the latest from the white house. reporter: jackie, president joe biden does not see a recession during his first term of presidency. other economists and economic advisors including the former economic visor for former president obama says it is almost impossible to avoid a recession. so now, the federal reserve is working to finish their meeting tomorrow, deciding how high to pu

i'm david asman in for elizabeth macdonald.ss, we will see you back here to ralph. ♪♪ kennedy: did police wait too long to storm rob emma leisure school and kill the shooter? that is the big question senate as law enforcement officers defend the actions during tuesday's massacre in texas. here is where we stand, witnesses claiming police were on the scene for at least an hour before taking action. we are told some parents that are pushing their way into the school in an attempt to save their children's lives according to the "wall street journal". federal marshals handcuffed a mother who tried to sprint into the school, that woman telling

i'm david asman in for elizabeth macdonald. "the evening edit" starting right now.avid: taking a look at stokes with the dow ending in the green as wall street ate least tries to recover some from a brutal week last week. the biden administration in cleanup mode after the he said the u.s. would respond militarily would attack taiwan. the white house is downplaying the comments saying they don't reflect a change in u.s. policy even though they dome. back at home american people are losing confidence in president biden's handling of nation's finance according to a new poll. edward lawrence with latest details from the white house. reporter: david, only two in 10 americans believe the economy is good under a new associated press poll that came out. we're dealing with record high gas prices again today and diesel fuel prices near record highs. that is putting more pressure on inflation and squeezing families. no matter what the numbers look like president joe biden signaling he will not change his path. president biden: here is the situation, when it comes through the g

i'm david asman in for elizabeth macdonald. "the evening edit" starts right now. ♪.: we are learning more about the horrific mass shooting at an elementary school in uvalde, texas, that left 19 kids and two teachers dead. authorities say the 18-year-old suspect who was shot and killed by police posted photos of guns on social media. they say he also posted that he shot his grandmother and was quote, going to school to shoot at an elementary school. authorities say the teenager bought two ar style rifles days before the attack. motive remains unclear. meanwhile gubernatorial candidate beto o'rourke this afternoon confronting governor greg abbott during a live press conference. we'll have more on that heated confrontation straight ahead. as president biden signs an executive order he says promotes police accountability. critics say the plan will make it harder for police to arrest criminals as the u.s. endures a violent crime spike. lucas tomlinson has the very latest details from the white house. lucas? reporter: good evening, david. president biden just wrapping up h

i'm david asman in for elizabeth macdonald.e evening edit" starts right now. ♪ ♪ david: a federal jury finding former clinton campaign attorney michael sussmann not guilty of lying to the fbi. what does this verdict mean for special counsel john durham's multiyear probe into the origins of the trump-russia collusion hoax? david spunt has the latest details. >> reporter: good evening. back to the drawing board for special counsel john durham who charged michael sussmann with lying to the fbi last september. in 2016 sussmann went to the fbi and said he had information linking the trump organization to russia. ing special counsel john durham says suss sussmann lied when he said he brought the information as a concerned citizen, not a partisan with the clinton campaign. ultimately, jurors believed sussmann. >> i told the truth to the fbi, and the jury clear he reck -- clearly recognized that today. despite being falsely accused, i'm relieved that justice ultimately prevailed in my case. >> reporter: special courage john durham rele

i am elizabeth macdonald given watch "the evening edit" on foxbusiness for that does it for us but thank you so much for watching. we hope you have a good weekend and join us again monday night. ♪ ♪ ♪ ♪ ♪ >> a fox studios in new york city this is maria bartiromo's at wall street. maria: happy weekend to all. welcome to the program analyzes the week that wasn't helps position you for the week ahead. i am a maria bartiromo a wild look for walter with markets lobbing both their best and worst days since 2020. all within 24 hours the drama driven by investors struggling with confidence the federal reserve containment 40 here year high inflation rate joined me too break it all down from his kansas city federal reserve president, danna niles and billionaire real estate investors. all coming up. first let's take a look back at some the top newsmakers on mornings with maria in this edition of the week's talkers, watch. ♪ >> do you think will see recession this year? that's a lot of people here are talking about maybe it is next year, maybe it's lower per instead of being figured out the chamber

i'm e elizabeth macdonald, you've been watching "the evening edit" on fox business. we hope you have a terrific weekend. join us again monday night. ♪ >> from the fox studios in new york city, this is maria bart bartiromo's "wall street." maria: and happy weekend to all. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. consumers rocked by record high food and gasoline prices while president biden denies his policies are to blame. steve poshes and andy puzder -- forbes and andy puzder are here. plus, elon musk putting his twitter buyout deal on hold. meanwhile, a new record number of overdose deaths in america, one happening every five minutes with fears growing that it will soon get a lot worse. plus, families are struggling to find baby formula across the country but not illegal migrants at our southern border facilities. senator marsha blackburn sounds off on that. but first, new numbers show inflation hovering near a 40-year high with average gasoline prices now at the highest level in history.

i am jackie deangelis in for elizabeth macdonald, you're watching "the evening edit" on foxbusiness. thanks for watching, have a good night. ♪♪ kennedy: i'm talking, hello, good to see you and happy star wars day to you. the race continues, president biden and democrats ramping up attacks on the supreme court after the bombshell leak potentially poised to strike down roe v. wade, thousands of protesters taking to the streets and liberal cities changing my body, my choice. where were you dumb dumb's a year ago with the vaccine passports and mandates? party leaders are soaking in flames with serious claims like these. >> i am enraged but confident, the united states supreme court, there is freedom on all the women of this country. >> how dare they, how dare they try to do this. how dare they deny women their rights and their freedoms. kennedy: sorry, that's the only time she's talked about killing babies. also, apparently a biologist, well done president biden, very serious attacks at what he calls the mag crowd, fantasizing the ruling will be somehow used to persecute gay children. >>

i'm in for elizabeth macdonald, you're watching "the evening edit" on foxbusiness, we'll see you back here again tomorrow, have a great evening. ♪♪ kennedy: hello and welcome to a short week, it's not mouth trumpet monday, i'm sorry i tweeted that, don't be cross with me, we have a lot to get to and i need you. does the white house have any clue how to tame inflation? president biden has a new plan, he claims it will fix everything. the problem is the white house has made so many mistakes, a solution seems impossible. with inflation rates at a 40 year hi, the president meeting with the federal reserve chair jerome powell and benny hill. the three students, inflation, monetary, misinformation today sleepy joe said part of the solution is leading the fed do whatever it wants much fun. >> my plan is to address inflation, it starts with a simple proposition respect the fed, respect the fed's independent. chair powells and others have a laser focus on addressing inflation like i am and with the larger complement of board members. kennedy: all right, the laser focus has been off for well ov

. >> i am jackie deangelis and for elizabeth macdonald, you're watching "the evening edit" on foxbusiness, that does it for us. thanks for watching. ♪♪ kennedy: anything happened today? yes, scandal of the supreme court, unprecedented week of a draft roe v. wade opinions sending shockwaves through the country. who did it and why? this is a live look where protesters on both sides of the abortion debate have been camped out since last night. that's the political published leak draft, it seems to suggest conservatives five to four majorities ready to overturn almost 50-year-old ruling. the draft was written by conservative justice daniel alito and in it, he says in part, reportedly, roe was egregiously wrong from the start, it's a reasoning was exceptionally weak and the decision has had damaging consequences. far from bringing about a national settlement of the abortion issue, roe and casey have inflamed debate and deepened division. casey in reference to a separate 1992 case that affirmed roe v. wade. alito went on to say the constitution makes no reference to abortion and must be overrul

i'm david asman and for elizabeth macdonald, we'll see you back here again tomorrow, that does it for us, have a great night. ♪♪ kennedy: we are hours away from one of the biggest primary days of the year, all eyes are on georgia where we have it all. former nfl star, progressive dissing her own state and trump endorsement that could go horribly wrong, it could go down in flames. you want drama, the peaches date has your drama. first republican primary for governor, one quarter trump nemesis brian kemp seeking reelection. the other former senator david purdue, who? exactly. trump endorsed purdue because he so mad at camp. however, mike pence endorsed can't and it suggests he could win in a landslide. awkward. the democrat candidate, stacey abrams still hasn't conceded but she shocked a lot of georgians when she said her state is the worst in the country great marketing. >> the worst stay in the country to live in. kennedy: if you hate it so much, why would anyone want to be governed by you? it sounds like she's already given up. the story gets even worse, you may recall she was one of

i'm elizabeth macdonald, you've been watching "the evening edit" on foxbusiness. we hope you have a good evening join us again tomorrow night. ♪♪ kennedy: wild breaking news on the escaped convict and his prison guard lover. more on the whites. they are in custody. this moment they are still alive after a police u.s. commercial pursuit. in the great state of indiana. details get crazier and i'll have that in a little bit. first, intimidation and threats of violence, the far left playbook is liberals target conservative over roe v. wade, pro-life activists and politicians say it's not going to work. this is a scene of an arson attack on with cancer and family headquarters in madison. somebody through cocktails yesterday morning. fortunately nobody was hurt but outside on the wall, somebody scrolled if abortions aren't safe and can you are either. so convincing and rational. if that's not a threat, i'm not sure what is. the intimidation, look at this scene last night outside the home of justice brett kavanaugh. [cheering] kennedy: right outside the home of a supreme

i'm david asman in for elizabeth macdonald. you're watching "the evening edit" on foxbusiness, we will see you back here to ralph. ♪♪ kennedy: did police wait too long to storm rob emma leisure school and kill the shooter? that is the big question senate as law enforcement officers defend the actions during tuesday's massacre in texas. here is where we stand, witnesses claiming police were on the scene for at least an hour before taking action. we are told some parents that are pushing their way into the school in an attempt to save their children's lives according to the "wall street journal". federal marshals handcuffed a mother who tried to sprint into the school, that woman telling the journal she saw cops pepper spray one parent who tried to do the same that runs counter to the initial report cops acted medially. it raises difficult questions about whether the tragedy could have been stopped sooner but police are pushing back claiming they tried to enter the school four minutes after the government barricaded himself into

i'm elizabeth macdonald, been watching "the evening edit" on foxbusiness. we hope you have a good evening and join us again tomorrow night. ♪♪ kennedy: ding dong, the witch is dead. ♪ we are all in song now. right, nina? president biden's ministry of truth dissolved the how long does the white house try some other one of control the started a few weeks ago when the administration announced creation of the so-called disinformation governance board. sounds bland and bureaucratic. public by design, nothing to see here. move along. fortunately some freedom lovers caught wind and what they found was bound alarming, a government agency designed to monitor what we all say and do, white house claimed it was created to keep them safe. who gave them the right to decide what is true and what is false? if that wasn't bad enough, they put this mary poppins. fan in charge. ♪♪ it's quite ferocious ♪ ♪ i have to take some lies ♪ ♪ and make them for coaches ♪ ♪ slightly less atrocious. kennedy: i wish i could say that's a thanks but that was real and is come back to haunt m

>> i'm david as in, i'm in for elizabeth macdonald, you are watching "the evening edit" on foxbusiness, thank you so much for watching. we'll see you back here tomorrow. ♪♪ kennedy: heroism in south texas, 19 fourth-grade students and two of their teachers dead in the horrific school shooting in the town of uvalde but now we know brave cops, shares and border patrol agents rushed into the gunfire potentially preventing a bigger massacre. first responders saying the crime scene was the worst thing they've ever witnessed but the motive for the devastating tragedy still very much unclear. we know almost nothing about the dead suspect is hopefully riding and help with his tongue of it was fungus right now. what we do know is he shot his own grandmother in the face, crashed vehicle, ran into rob a mentor, barricaded himself in the classroom and that's when he slaughter the innocent children and a teacher and here's a picture of some of the victims families have provided so far we are told tomorrow would have been there last day of school for the year and some were just given awards for perf

elizabeth: thanks for joining us, good to have you on, i'm elizabeth macdonald. you've been watching "the evening edit", that does it for us, thank you for watching. hope you have a good evening. ♪♪ in. kennedy: today is monday, anthony fauci is faker than a $50 rolex. public health isn't his main priority, we all know that and now he's finally formally admitting it, how does he still have a job? more than two years lord fauci attempted to control everyone's life and every aspect in this country, lockdowns, masks, close schools and businesses, you name it, he's done it and even criticizing him is criticizing science because he is science. can you believe a guy like this says things like that? he's been allowed to dictate public policy that affects millions of people. what a hack. now fauci revealed who he really is, a doctor who cares more about his own image and safety. >> if trump were to return to the white house as president and covid is still a threat or another public health emergency, would you want to stay on your post? >> no. [laughter] second question?

elizabeth: thanks for joining us, i'm elizabeth macdonald, you've been watching "the evening edit", that does it for us, we hope you have a good evening and join us again tomorrow night. ♪♪ kennedy: it's the day billions of people around the globe have been waiting for, the first open government hearing on ufos and more than 50 years, where are the phase hiding the flying saucers? house intelligence subcommittee hearing, experts now say ufos no longer a punchline, they may be national security threat. the numbers are staggering, today we learned only 400 encounters between the u.s. military and unidentified aerial phenomena. phenomena. phenomena. revealed in the last year's landmark ufo report, 11 of them near misses. meaning ufo almost collided with military plane or ship or whatever, hell of a game of chickens there. the problem according to deputy director of naval intelligence scott bray, we still have no idea who's flying to saucers. >> there are a number of events in which we do not have an explanation, a small handful in which there are characteristics, signature management we can

i'm elizabeth macdonald, "the evening edit" starts right now. ♪. elizabeth: welcome to the show.'re watching the fox business network. we begin with stocks down again. we had a new read on inflation, came in higher than expected. that 8.3% annualized rate is still cooler than march's hot read of 8 1/2%. this is still at a 40-year high. all of this is driving fears on wall street the fed will be even more aggressive with rate hikes, maybe even three quarter-point hikes. we'll watch for that. inflation has quadrupled under president biden. real wages are down after inflation for the 13th straight month. the president talking inflation at a family farm in illinois. critics say why illinois, why didn't he go to iowa? edward lawrence in washington with more. edward? reporter: liz, president joe biden trying to spin the cpi inflation numbers, 8.3%, yes down a little bit from last month year-over-year but still a very bad number. just look at the double-digit increases for everyday american goods from eggs up 23% to gas up, more than 44%. republicans blame failed policies. >> he has tak

thank you for watching, i'm elizabeth macdonald, you've been watching "the evening edit" on foxbusiness. we hope you have a good evening and join us again tomorrow night. ♪♪ kennedy: she's being called mary poppins of propaganda. nina jankowicz is that, the white house disinformation government board. after days of pushback, nina take control and drive the umbrella right out of town. she will apparently have power to decide what the administration considers true and false and i should need to explain to you why that is crazy and dangerous but according to incompetent homeless security l.a. hunter mayorkas, it's a totally cool. he just did a bad job of explaining it. >> we could have done a better job communicating what is. >> american citizens be monitored? >> do you really think nina jankowicz is we are objective enough for this job? >> i do. i don't question her objectivity, she is recognized as tremendous authority and we are fortunate to have her. kennedy: how does he's to have a job? evidence suggests she's far from objective, she's claimed elon musk is that for free speech and hun

i'm elizabeth macdonald, you've been watching "the evening edit" on foxbusiness. that does it for us, thank you for watching. we hope you have a good evening and join us again tomorrow night. ♪♪ kennedy: white house plans for disinformation board going up in their faces like a cheap chinese pen. i wonder why that's so weird. maybe because americans don't want to put up with the partisan police. the better part of the week biden administration has been getting hammered left and right over plans for so-called disinformation government board. that sounds good. critics call it a nightmare but l.a. hundred mayorkas claims as they always did, it's to keep you safe, we are doing it for you freedom loving kentucky senator rand paul asked him about just that. >> how do you propose you will have an office of disinformation governance if you see the problem in determining what is his information? >> senator, our work is not focused on disinformation at large. where we as a department opponent security become involved is when there's activity between disinformation and threat

i'm elizabeth macdonald. "the evening edit," it starts right now. ♪. eth: welcome to the show. you're watching the fox business network. let's go right at it. look at your stocks. u.s. stocks were in seesaw action today. the s&p, the nasdaq finishing up. it was a tech-led bounce. the dow ending down t was choppy trading. here's what is going on. there are fears about inflation, fed rate hikes and possibly recession. stocks have been performing at their worst since the pandemic started. tech giants lost more than a trillion dollars in value in the last three trading days. we also have this, gas hitting a record high, $4.37 a gallon for the national average according to aaa. new york, new jersey, delaware, pennsylvania, if you live there you're seeing all-time highs. the president today laid out his plan on inflation before that new read on prices coming tomorrow for april. it is expected inflation is expected to again stick at a 40-year high. edward lawrence is in washington with more. edward. reporter: whiz, president joe biden laying out his plan now t

i'm elizabeth macdonald. "the evening edit," it starts right now. ♪. izabeth: get a check of your money. thanks for joining us. we forget with the dow, s&p, ending down. nasdaq slightly in the green. wall street is worried that fed rate hikes to stop inflation will trigger a recession. the dow is now in its longest losing streak in 21 years. the nasdaq is up slightly. it is teetering in around a bear market. we have wholesale producers prices, feedstock into inflation, up 11% annualized. that is still lower than the prior read of 11 1/2%. groceries are up 10.8%. that is the biggest jump since 1980. we have gas hitting new record average of $4.41 a gallon. we're staying on top of this breaking story as well. 20 homes destroyed in a massive 200-acre wildfire in laguna beach, california. 900 homes still evacuated. we want to get to hillary vaughn in washington with the latest on d.c., inflation, this shows a slamdoor, get out nail gun moment but we'll give you calm perspective after hillary does her reporting. good evening, hillary. reporter: liz, the pres

i am jackie deangelis in for elizabeth macdonald, you're watching "the evening edit" on foxbusiness.ng, hello, good to see you and happy star wars day to you. the race continues, president biden and democrats ramping up attacks on the supreme court after the bombshell leak potentially poised to strike down roe v. wade, thousands of protesters taking to the streets and liberal cities changing my body, my choice. where were you dumb dumb's a year ago with the vaccine passports and mandates? party leaders are soaking in flames with serious claims like these.

i am elizabeth macdonald "the evening edit" starts right now. ♪ ♪ ♪. elizabeth: let's check.ng to check the shows what's going on trade stocks were mixed today, right question michael got a bit of a cell of early of the turn to the green. we've got two points of optimism for you. the fed, james tells our edward lawrence he does not see a recession this year. without this there is a technician a market technician his name is tom. he called the bottom and 2020 and then the marker might rip roaring up. he is known for advising hedge fund titans. he says that markets are on the verge of reversing into a stock rally. we've got president visiting south korea and japan. he was to deepen your south korea ties in his first asia stop at one check that for you and stay on it. also this, america is facing a hot mess of a summer of baby formula shortages, 6-dollar gas, inflation, potential power blackouts. again where did you go middle class joe? grady trimble is an chicago with the latest, grady. >> good evening liz. that's what interior secretary deborah holland did not set the hearing

i'm david asman, in for elizabeth macdonald. "the evening edit" starts right now.avid: fist taking a quick look at stocks ending mixed today. s&p edging toward bear market territory amid ongoing market volatility. we're following two breaking stories. at least 14 students and one teacher are dead after a gunman opened fire at a elementary school in uvalde texas, this afternoon. governor greg abbott said the 18-year-old suspect is dead. he is believe to be killed by responding law enforcement officers. no motive has been released. we'll bring all the latest details as soon as we get them right here. the man who allegedly shot and killed a goldman sachs employee on a new york city subway in unprovoked attack on sunday turning himself into police moments ago. his name is andrew abdullah. he is wanted on a murder charge. we're on tap for that story. first to the historic pain at the pump. now the biden administration has a new spin, suck it up, americans. higher prices now are good for you in the long run. edward lawrence has the latest from the white house on this ver

i'm elizabeth macdonald, you've been watching "the evening edit" on fox business. we hope you have a good evening and join us again tomorrow night. ♪ ♪ kennedy: buckle up, buttercup, the economy is on the verge of a nose dive. gas prices, inflation, empty store shelves, and now serious fears of recession is. can we count on sleepy joe to wake up and do something about it? for months economists have been warning that we are headed in a very bad direction. you purchased anything recently, you know the pain. one restaurant in jackson, mississippi, now forced to charge $34 for a 15-piece order of wings. that's expensive even for a dreary old manhattan. on top of that milk is up 25%, bacon is up 35%. put that in your blt. oh, you can't? because you can't afford it in and don't even get me started on the gas prices. today another record. the national average for a gallon of go juice, $4.58. experts say we could go north of $6 sometime this summer. in fact, one gas station in washington adding another digit to the pushes in case it goes up to $10. the administration not d