stephen lynch on the heels of a hearing he chaired on combating the culture. what he thinks congress can do to help fix the problem. and airlines are canceling flights up and down the board as they struggled to keep up with demand. the future of travel in a post-pandemic world. rest -- recession fears are back, sending stocks down across the board. ed ludlow has all the latest. ed: you can see that spending fell for the first time in the year, reinforcing recession fears out in the market. big drops across the major indices. i keep going back to u.s. 10-year gilts, down another seven or eight basis points. when yields are rising we saw a pain in tech stocks. when yields are coming down, look at the red on the screen. it's june 30, we made it halfway through the year. look at where we are, six months into 2022. frankly, it has not been great out there. you look at the declines on the s&p 500, the worst first half of the year since 1970. the nasdaq 100 worse, philadelphia semiconductor index, worst first half of the year on record. i can go on and on. what is in

a part of the country where people justify the actions of slavery, the klu klux klan, and lynching. >> stephenn on twitter? ( laughter ) thompson spoke about what united the bipartisan members of the committee, as well as americans everywhere. >> east coast, west coast, and the heartland. all of us have one thing in common. >> stephen: "if you fry it, we will eat it." ( laughter ) ( applause ) >> jon: yeah, yeah. employees to my heart. yeah. ( piano riff ) >> stephen: thompson played damning footage of one of the former president's toadiest toadies, former attorney general bill barr. >> i made it clear, i did not agree with the idea of saying the election was stolen, and putting out this stuff which i told the president was bullshit. >> stephen: watch your language, toad-man! you kiss your princess with that mouth? then thompson reminded us just how serious the capitol riot was. >> as we provide answers to the american people, it is important that we remember exactly what took place, that this was no tourist visit to the capitol. >> stephen: yeah, this was no tourist visit. there were no child

tom: fenway use to sit in front of lynch, what frightened stephen king was the release of the bostond sox. call it eight to seven, verses from five to four. those are two different worlds. michael: those will be two different worlds. they did talk in the session yesterday about the idea that will see a slower return to a lower rate. they need to keep going to that lower rate. they could adjust their rate levels, because they know they could come down relatively quickly to the 5% or 4% range. it will take a while to get it back down to 2%. i have talked to a number of fed officials, they say we have got to get back to 2%. we promised 2%. if we live with more, people are not going to trust us anymore. lisa: it is hard to make the argument that they are data-dependent. the adp jobs report, we discount that as completely inaccurate. they are suspending it for two months to re-trigger the inputs. do we understand what has gone wrong with this metric? michael: not exactly. the adp originally was a look at the number of people who were on adp's payroll, they do data processing payrolls for