i'm jackie deangelis and for maria bartiromo.alysis of bidens inflation reduction act shows families likely to get tax hikes and tax breaks. at the media blames republicans for fear mongering about the new bloated irs budget. house ways and means committee ranking member kevin brady

i'm jackie deangelis and for maria bartiromo.he latest analysis of bidens inflation reduction act shows families likely to get tax hikes and tax breaks. at the media blames republicans for fear mongering about the new bloated irs budget. house ways and means committee ranking member kevin brady will respond. consumers planned calling inflation exceptionally high and planning additional rate hikes, i am asking slate stone chief market strategist kenny pulled kari how long jacob asked where he's putting his money right now pretty new energy tax u.s. oil and gas association tim stewart sounds off coming up. but first the hill climbing the gop is making the irs a bogeyman they write this as republicans and rail against the fbi in the wake of the search at mar-a-lago they are hiking the three letter agency irs. glenn kessler tweeted in part yesterday, the gop is preying on people's fear of an audit which is basically neil. house ways and means committee ranking member kevin brady, great to see you. but dig into the inflation reduction

jackie deangelis in for neil. jackie: thank you, stuart. i'm jackie deangelis in tore neil cavuto on cavuto "coast to coast." democrats insisting their 700 billion-dollar inflation reduction act won't raise taxes on average americans but the experts crunching the numbers, well they tell a bit of a different story. plus could cars be a thing of the past? why the world economic forum says people don't need their own cars anymore. we've got a big show coming up. former reagan economist art laffer, former chairman of the council of economic advisors kevin hassett are here breaking down inflation fears. independent women's forum foreign policy fellow claudia rosett look at implications of nancy pelosi's planned trip to taiwan. former acting director tom homan weighs in as biden tries to fix the border wall. the speaker kicking off her high-profile asia trip in singapore. fox news correspondent aishah hasnie has the latest. reporter: jackie, here is the latest from the hill. we're getting several reports out there, media outlets are reporting tha

stuart: jackie deangelis in for neil. >> i'm jackie deangelis in for neil cavuto. president trump's mar-a-lago home raided by the fbi last night in unprecedented move or alleged mishandling of white house records. david: we'll speak with former attorney general tom dupree. former u.s. attorney for southern district of florida, guy lewis. chief cone mist mark zandi says it will barely move prices. electric vehicles, queer running out of materials to make them. we have a lot to get to. let's get started. the top story, the fbi unprecedented raid on former president trump's home. ashley webster is live outside of mar-a-lago with the latest details. hi, ashley? reporter: hi, jackie. this time yesterday there were multiple agents swarming over the property of mar-a-lago behind me and the question today is, exactly what was achieved and why did the fbi take such drastic step. i can tell you this, anger is growing not only among republican politicians, cars going by honking their horns and the republican base for sure has been fired up. the bottom line here is, that the i

hey jackie deangelis my time's up. jackie: are you ready? i said nebraska also. great minds think alike even though we were wrong. good to see you, thank you so much. welcome to "coast to coast," everybody. i'm jackie deangelis in for neil cavuto. taking a look at markets. stocks are hoping for a comeback after a two-day losing streak. big tech leading the bounce. we're following all of that. we have a big show ahead with texas congressman kevin brady. he will be here. he says democrats are crushing american families and their businesses with the new 700 billion-dollar spending plan. we have former toys "r" us ceo gerald storch. he will join us to break down breaking consumer trends as we watch prices continue to skyrocket. former acting attorney general matt whitaker slamming the biden administration for lack of real policies on the the border. that is coming up on "coast to coast." fox news congressional correspondent aishah hasnie is live at the white house with more for us. reporter: for the white house all this morning has been trying to call on china not to

. ♪♪ >> hello, i am jackie deangelis along with sean duffy and tammy bruce.come to the big saturday show. >> fbi is going all in on present help with the rate of his home but what about hillary clinton's specified e-mails? president trump didn't have classified information. >> not guilty to the murder and president biden select an armenian deal. >> tammy. >> language over law, new york concerned with criminals, changed the state that changes the word inmate to something less offensive. the first, talk fox news alert, department of justice the search warrant accusing former president trump of classified top secret documents from the white house back to his florida residents. looking deeper inside, lucy department of justice wanted to seize any government and/or presidential records rated between january 20, 2017 and january 20, 2021 d.o.j. wanted every presidential document created during trump's term, every single document created. let's bring in lucas thomases live in washington with more. >> that's a lot of documents, two sources confirm a lawyer performed

jackie deangelis in for neil. jackie: i will set my dvr and watch it if i get home in time. i'm jackie deangelis in for neil cavuto. all eyes are on china. the world is watching waiting to see if china makes good on its threats as house speaker nancy pelosi lands in taiwan. china sabre-rattling with armored tanks lining up. easing worries over china tension. we have big show for you today. ohio senator rob portman and general keith kellogg break down implication of pelosi's trip. we're all over the rest of the stories of the day as well. gristedes food president john catsimatidis. alfredo ortiz is calling out president biden for president biden refusing to say america is in recession. curtis sliwa and his invitation to tour the southern border. house speaker nancy pelosi begins her historic trip to taiwan. alexandria hoff is the latest for us. reporter: jackie, this entire visit is symbolic. speaker pelosi arrival was nothing short of that. 10:40 local time, the tail of that airplane illuminated. when you look closer, turns out the same plane used by the president is called

pavlich is here, editor of town hall.com and fox news contributor, and also fox business own jackie deangelis first. the president is promising at a time the president badly needs it to unify the nation. that was a campaign promise and we have not seen him do so yet. >> i think the purpose of the speech to attack the country on thursday. and to tout accomplishments, he would say he spent trillions and trillions of dollars, forced inflation to a 40-year high and caused many americans a lot of pain and suffering probably likely to continue because of the gut punch last week. so what he's going to do instead, pivot and attack half the country, grouping him into this, so you know, extremist maga republican group, most people would say they don't even know what that is, they just are looking for a change of direction in this country, they are unhappy with the way things are going, and the polling is showing that as well, and what the president has to do is confuse them into not focusing on what he has actually done, it's been harmful to them and has to say your rights are under attack, i'm sure he

jackie: welcome back, i'm jackie deangelis in for maria bartiromo.earch for a little bit of direction in final day in august. dow indicated lower but seeing pop in s&p futures and nasdaq futures as well. this is after stocks tumbled yesterday, the s&p and the nasdaq down more than 1% in tuesday's broad retreat. look at the ten-year treasury yield hitting two-month high this morning, up 3 and a half basis points, 3.145% is the yield there. all this as we are awaiting major job's data, august adp out in less than two hours and job's report out friday. the governor of mississippi declaring state of emergency over the city of jackson's water crisis. cheryl casone has the description. >> it means the city cannot produce enough water to fight fires to reliably flush toilets and to meet other critical needs. cheryl: well, the national guard and tanker trucks are during deployed to get clean water to residents and public schools shifted to online learning. the east coast could be in the path of possible hurricanes forming in the atlantic, right now two weath

jackie deangelis from fox business joins me now. interesting how much bipartisan pushback you are getting people who worked in the obama-biden administration. >> it is a huge mistake. you pay off the student loan debt of these individuals that will tap into this program. they will take the extra money and put it back into the economy. the same problem we have right now. too much money chasing too few goods. it will only keep us elevated at this 8 1/2 level if not drive us higher. the impact of the so-called inflation reduction act and the forgiveness of student loan hasn't been seen in the economy just yet. the 8 1/2% number we saw last month you could see it tick up at this point. it is scary when you think about the kind of spending that has come from this administration. 4 trillion dollars in 19 months and add another 400 to 500 billion. >> dana: interesting back and forth with peter doocy and secretary cardona asking who will pay for this? this is money leant. what happens? watch this. >> the fairness question. the people that a

i have 10 seconds to pitch to jackie deangelis. i might pitch her the show five or six seconds early. maybe she could use the time. jackie: send mine in the email, stuart, thank you very. welcome to "coast to coast," i'm jackie deangelis in for neil cavuto. stocks lower after the best day in a week. we are following swings ahead of the july jobs report. mass layoffs and hiring freezes are causing tech workers to lose confidence in their job security. plus mortgage rates sinking to the lowest level since april. how it could help bring some perspective buyers back to the housing market. and liv golfers teeing up a lawsuit against the pga tour to challenge their suspensions from the league. that is all coming up on "coast to coast." first let's start with our top story. china firing multiple missiles around taiwan in the largest military exercise near the island in 27 years. this is very significant. fox news senior foreign affairs correspondent greg palkot explains the growing concerns of china invading taiwan. reporter: good to see y

that's it for me, jackie deangelis in for neil. jackie: stuary varney, good afternoon, thank you so much and great to see you welcome to "coast to coast" i'm jackie deangelis in for neil cavuto. a strong jobs report driving rate hike worries for the market the economy added 528,000 jobs last month and the unemployment rate ticked down to 3.5%. former cke restaurant ceo andy p udder breaks down the market reaction and what we can expect from the fed coming up ahead and the border crisis coming to the big apple as a bus of migrants from texas arrives right here in new york city. former acting dhs secretary chad wolf says the move could ford states across the country into action. plus twitter fires back at elon musk, calling his accusations against the company, "factually inaccurate" that's all coming up on "coast to coast." jackie: let's get right to it. the dow seeing volatile trading today following that strong july jobs report, strategic wealth partners president and ceo mark tepper joins me now to discuss. mark, i just want to get

welcome back to "coast to coast" i am jackie deangelis and for neil cavuto. without parts of the so-called inflation reduction act are making things worse for one industry, plus lucas tomlinson has a scoop from washington on how the same beefed up to cost the middle class a bundle. first we start with the white house set to vote this week, hillary vaughn joins me now. >> the coal industry feel like they got stiffed by the inflation reduction act $300 billion in investment to their competitors the clean energy industry $10 billion to them the whopping $300 billion for climate and clean energy is the largest investment in the industry in u.s. his industry coal company said the put them at a billion-dollar disadvantage. >> do you wish those numbers matched? >> we wish coal would've received a bigger piece there has been uneven tax measures in the pool as well, we think greater incentives with more even playing field with renewable energies would and should even a bigger priority. >> there are benefits in the bill aimed for the coal industry and $5 billion and fi

. ♪♪ >> hello, i am jackie deangelis along with sean duffy and tammy bruce.oing all in on present help with the rate of his home but what about hillary clinton's specified e-mails? president trump didn't have classified information. >> not guilty to the murde

i am kayleigh mcenany, jackie deangelis, morgan ortagus, cassie smedile, and brett velicovich.began with one of the biggest crime and public health crises in the country today. it is called a fentanyl epidemic and it is killing tens of thousands of americans and what biden's border policies arguably making the problem so much worse. "the new york post" calls the southern border of the great wide open. new figures show migrants keep coming into the country illegally at record numbers. and the border patrol chief is blaming biden a policy no immigration policy for sparking the search. there are plenty of consequences for the rest of us. fentanyl described as the most devastating drug ever seen is also coming across are wide open borders. and now our children are in danger. the d.a. is officially a warning americans of an alarming new trend. get this, it is terrifying. fentanyl disguised as candy, these rainbow colored pills you see them they were, found in 18 states and they are being marked specifically towards kids and towards teenag. morgan, you can see this is at the southern

i am kayleigh mcenany, jackie deangelis, morgan ortagus, cassie smedile, and brett velicovich. it is called a fentanyl epidemic and it is killing tens of thousands of americans and what biden's border policies arguably making the problem so much worse. "the new york post" calls the southern border of

jackie deangelis in for neil. jackie: i will set my dvr and watch it if i get home in time. lining up. easing worries over china tension. we have big show for

i'm jackie deangelis. in for elizabeth mcdonald. the evening he did starts right now. he evening edit." jackie: we begin with stocks. the eyes are on the inflation numbers. this is coming as fresh questions arrive about the path of the economy after senate democrats pushed through their $739 billion climate health and tax package and by the way they are calling it that now, not the inflation reduction act. hillary vaughn on capitol hill with more. hillary? reporter: good evening, jackie, the president is taking a victory lap with the senate passing the inflation reduction act. he is one step closer to getting a small part of his "build back better" agenda through congress. $700 billion in new government spending part of which will pay for things like climate change and also health care which the president says will lower costs forever -day americans. president biden: do i expect it to help? i -- when you sit down at kitchen table at end of the month you will pay a hell of a lot more bills, pay less medical bills. reporter: not all democrats agree the inflation reduction

that's it for me, jackie deangelis in for neil. jobs last month and the unemployment rate ticked down to 3.5%. former cke restaurant ceo andy p udder breaks down the market reaction and what we can expect from the fed coming up ahead and the border crisis coming t

hey jackie deangelis my time's up. jackie: are you ready? i said nebraska also.ay losing streak. big tech leading the bounce. we're following all of that. we have a big show ahead with texas congressman kevin brady. he will be here. he says democrats are crushing american families and their businesses with the new 700 billion-dollar spending plan. we have

i have 10 seconds to pitch to jackie deangelis. he best day in a week. we are following swings ahead of the july jobs report. mass layoffs and hiring freezes are causing tech workers to lose confidence in their job security. plus mortgage rates sinking to the lowest level since april. how it could help bring some perspective buyers back to the housing

hello, everyone, this is "outnumbered" and i'm kayleigh mcenany on this friday and with me is jackie deangelisctrine janette nesheiwat, and tomi lahren, and joe concha. sensitive details about witnesses and the scope and direction of the investigation from the affidavit but it may offer some new details on the events leading up to the search we will keep you updated on the breaking news. in the meantime, president biden president biden drawing severe criticism today. he kicked off his midterm push in maryland yesterday back from vacation. it was a build as a unity rally. interesting name because he decided to attack. >> i respect conservative republicans. i don't respect these maga republicans. the maga republicans don't just threaten economic security but they are a threat to our very democracy. they refused to accept the will of the people here in maga republicans don't have the clue about republican spirits because they have made their choice to go backwards full of anger, violence, kate, and division but we have chosen a different path: forward! >> kayleigh: so that is the great uniter. he

jackie deangelis watching this for fox business network and for all of us.you with us today. ouch. wow! a tough day. >> we're bouncing around session lows here. the market will close at 4:00. investors are looking to put this week to bed. basically jerome powell's comments in jackson hole, wyoming were his first opportunity to respond to the inflation reduct action, which was really skinny build back better, right? another $739 billion of spending. then we had the announcement of the forgiveness of student loans that we're anticipating $300 billion to $500 billion. he said these numbered are not baked into the inflation cake. i thought things were going to be okay. investors thought he doesn't have to be as aggressive. now he's saying we have to use those tools and we have to use them forcefully. which means we have to be more aggressive than wall street wants to see them. when he raises rates, cost of debt and borrowing goes up for these companies. they're paying more out on interest payments and that slows what they're able to do. the concern, of course, i

out all financing all adding to economy that is is slowering we are likely in reaction get to jackie deangelisis is the second preliminary estimate of second quarter gdp coming out, contraction .6% so this is slightly better than the seasonally justified estimate contraction.8% slightly better than first read contraction.9% you can redid he fine what you think regulation is technically definition two consecutive quarters characteristicing gdp we have first quarter down 1.6% looking at two quarters gdp decline on this second preliminarily estimate, it is a time that many are asking, as you talk about, for giving tune loan debt so heh so cautioned inflation reduction act is this right time for country to be spending when technically we are in a recession. back to you. maria: gdp, down 6/10 of a percent i am talking, to i congressman when you -- thank you so much jackie deangelis. congressman your thoughts, on what we're seeing here, continuing claims are down, 19,000 on the week but the second read of the second quarter gdp confirms that we've got another contraction in the second quarter, down

stuart: jackie deangelis in for neil. >> i'm jackie deangelis in for neil cavuto.ecords. david: we'll speak with former attorney general tom dupree. former u.s. attorney for southern district of florida, guy

jackie deangelis in for neil. jackie: thank you, stuart.icans but the experts crunching the numbers, well they tell

jackie deangelis is brilliantly putting together all of this where we stand. like we stand in a very good position right now. reporter: neil, things are murky. i want to start with mortgage rates, they have been bouncing around but as of today the 30-year fixed is 5.13%. according to freddie mac. how is that impacting the housing market. it is softening a little bit. i want to look at fresh data out this week. mortgage applications out there, falling 1.2% last week from the week prior. volume was 21% lower than the same week one year ago when rates were around 3%. demand for refinancing also dropping 3% for the week. that figure is 83% lower than the same week a year ago. then of course there are pending home sales which is basically signed contracts. that figure also dropping 1% from june but 19.9% year-over-year. that gives you a better sense of what is happening. now the data has slipped, eight of past nine months. because the rates are on the rise. toll brothers, a major u.s. builder, lowered the delivery guidance as well. ceo said this. as our third quarte

here to discuss,s fox business reporter jackie deangelis along with fox news contributors sean duffyprivileged documents, attorney-client privilege, what do do you make of the reality of those documents being taken somewhat does it tell you? >> well, i think, pete, that it shouldn't surprise anyone because this was not a narrowly targeted search warrant. they should have known which classified information, classified information's closely held, so they should have been able to tell which documents marrowly he were interested in. instead, they did something closer to a general warrant which allowed them to take every shred of paper that was generated for the four years of the trump administration, so it shouldn't surprise anyone that it's potentially got attorney-client privilege and maybe even executive privilege. pete: can he get that back, real quick, andy? what's recourse for him to say i should have it back? >> you know, pete, he could make a motion under the rules of criminal procedure to get his property back. i'd be a little leeried to do that if i thought they were investing

jackie deangelis, we are seeing the markets react to his words. what's the thinking?e's a very powerful person, when he speaks the markets react. what he's speaking about, talking about 40-year high inflation that we have been saying consistently will probably get worse with all of this reckless spending. sandra, in the last 19 months, this president has spent over $4 trillion. he capped it off with the so-called inflation reduction act that really was the skinny build back better and now adding student loan forgiveness on to this, another 300 to 500 billion perhaps, the estimate. we don't know how the last two pieces are going to impact inflation, they have not been baked into the cake yet. we know the fed is supposed to be independent, i understand that, and they are not supposed to sabotage each other and that's what the president is doing when he looks at powell and says you are the janitor, you have to clean up my mess here and clean up my spending mess by hiking interest rates and what's crazy to me is i hear this president talking about the student loan forgive

i am jackie deangelis in for maria bartiromo. it is monday,august 29, top stories at 8:00 a.m. chair jerome powell's comments on in addition. >> this will very likely be some softening of labor market conditions while higher interest rate slower growth softer labor market conditions will bring down inflation they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. jackie: a those comments, that sent the dow lower by 1,000 points on friday, selling indicated 10-year treasury notes the yield on that trading over 3%, the dow s&p 500, the nasdaq, they all saw worst week last week since june 17, down 4 of the last 6 sessions as we look to jobs data july jolts report is out tomorrow, the august jobs' report out on friday. and investors waiting for those reads as well the european markets are down across the board, also. ads you could see steepev losses on dax in asia overnight we saw mostly red with a little bit of an upside on shanghai composite, day six since white house announced biden stay on lone bailout voters in the da

i'm jackie deangelis in for neil cavuto today. we have a lot to get to in the next two hours.id on monday night. fox is told that the fbi would