good afternoon, everyone, i'm charles payne this is "making money." breaking right now after the worst start to a year ever for the nasdaq, second worst session to end a week ever, section work h worse ever for the s&p as kneel pointed out everyone is flying to the exits. professional investors are bearish because they want more individual investors take more pain. guess what? that is exactly what the fed wants to do. the investing g.o.a.t. isn't off when it comes to age but he sounded like a man yelling at the clouds with bitcoin. danielle shay is here with earnings as we head to the close. all that and so much more on "making money". ♪. charles: market conditions and circumstances like everything else in history they tend to repeat although not always exactly. some say they rhyme. that is what makes the current backdrop so problematic. the market dealt with wars, inflation, the threat of recession, but quantitative tightening, a brand new idea. it was tried once before for a short period of time. think about this the notion fed will aggressively h

let's see if charles payne can keep the action going. i don't know. >> charles: that's what we call the pre-cp effect. thank you so much. good afternoon, everyone. i'm charles payne. this is making money. breaking right now, so we started with -- [inaudible]. we have cautious optimism. we're building some momentum. history could be on our side. when do we get over the hump is the big question? i have some brilliant minds on deck. also president biden tells america that he's got a plan to fix inflation, but all wall street cares about is what the commander-in-chief told j powell today. and america still loves a great day at the movies. my take away later on top gun shattering box-office records. all that and so much more on "making money". ♪ ♪ all right. so we enter the week, right, cautiously optimistic after breaking that seven-week losing streak on the s&p 500. by the way, we did it in grand fashion, 6.6% last week. if history serves as a source of optimism here. of the 23 times there have been big weekly gains of 6% or more, the m

charles: i think i had to leave. thanks a lot, have a great weekend. i am charles payne. you heard it. here's the question. is it still up bear market? after 7 weeks of losses the s&p making a statement. of history as a guide this could be the beginning. we are navigating the twists and turns. memorial day weekend is here and we are spending money like it is going out of style. what it means for the fed and your portfolio. reports say president biden is gearing up to forgive 10 grand in student loan debt. we are ready to sound off on that. what do you need for financial happiness? a surprising number. i would love to hear your take. "my take," all that and more on making money. ♪♪ i can see clearly now ♪♪ the rain is gone ♪♪ i can see all obstacles in my way ♪♪ charles: the great johnny nash sinking i can see clearly now, the rain is gone, i can see all obstacles in my way, gun under dark clouds, it is going to be a bright sunshiney day. that is what investors are feeling today but the question is what about the weather, the pain, hasn't gone away? this br

charles payne. charles: david, thank you so much. we are going to rock and roll. good afternoon, i'm charles payne. this is "making money." breaking right now, market popped out gate, then nosedived. all of a sudden buyers emerged. retailers are looking for more pain, but the question who is buying here? should you be nibbling as well. what happens if the u.s. economy can swifter recession? we ed yardeni on deck with that or more. inflation is taking a toll. how much longer can consumers keep up the pace and how has this all changed the investing landscape? meanwhile lawmakers keep cashing in on legal insider trading. my take on how one of the biggest ponzi schemes in history reveals how public servants can make a mockery of the system. all that and so much more on "making money." ♪. charles: folks it has been an interesting day. testing sort of this overarching notion that we should actually be rooting for bad news and even worse reactions when we get the bad news because everyone want this is magical state of capitulation. they want you, the retail investor to

charles: i'm charles payne this is "making money." market in freefall after new home sales collapsed and companies offering lower guidance. it is getting hard to argue against recession. don't tell that to the folks in davos. they say everything is a-okay. then there is snapchat. this company is a bellwether or investors are looking for reason to sell. they are looking for capitulation. is today finally it? i have amazing all-stars chiming in. president biden praising high gas prices. this is so-called transition away from fossil fuels. how long, how painful will the transmission be? peter morici has the answers. why bitcoin bulls are going back to the panic of 17 to make their point. ouch. all that and so much on "making money. ♪. charles: oh, snap, looks like market, from bonds to stocks, to commodities have same epiphany. we have a little economic trouble or may be in recession. disappointing guidance in a filing. the ceo said macro environment deter rated further and faster than anticipated when the company issued quarterly guid

we had charles payne on and he explained it beautifully. listen. >> charles: let's say you went to your local grocer and wanted to buy 100 eggs, ok, for a good price. and you said listen, i'll pay you now for 100 eggs. how many are broken? and the guy says, well, 5% or less. ok, i'll give you x amount of money. then you buy them and find out no, it's 10% are broken. sort of the same kind of thing here. how much is twitter worth if the large degree of the actual, you know, accounts it's worth what its accounts are. it's worth what the daily average user account is. if most of them are fake. not most of them but a large percentage. i think it's well over 5%. really what's going on here, elon musk is trying to get a better price. >> brian: that's probably true, too. think what's happened in the stock market the last two weeks especially. all the tech markets are going down. he's probably trying to get it down a little bit. didn't tesla sink, too, wasn't he leveraging the tesla stock to get this to begin with? >> steve: you know what's happened

charles: good afternoon, everyone, i'm charles payne. this is "making money." breaking right now the market showing more signs of life. it is still vulnerable. while pessimism runs wild there is says something about resolve. how you can be positioned when the smoke eventually clears. we're hearing from the fed in just a few moments a string of dismal economic data points has the street second-guessing jay powell maybe the piv vote pivot happened sooner than later. we'll glean from the minutes. sign of life in this economy. it is the rich, folks. they're spending money. i will discuss in "my take" how you can join them and take advantage of our triple up economy. all that and so much more on "making money." ♪. charles: let's head out first to the federal reserve where edward lawrence has breaking minutes from that last meeting. edward, give us some insight, my man. reporter: we'll try. we'll see what happens. participants here saw that gdp has solid growth in the quarter we're currently in they saw robust growth and spending and noted job gains also have been

let's see if charles payne can keep the action going. i don't know. >> charles: that's what we call the pre-cp effect. thank you so much. good afternoon, everyone. i'm charles payne. this is making money. breaking right now, so we started with -- [inaudible]. we have cautious optimism. we're building some momentum. history could be on our side. when do we get over the hump is the big question? i have some brilliant minds on deck. also president biden tells america that he's got a plan to fix inflation, but all wall street cares about is what the commander-in-cef

i'm charles payne, this is "making money." participation is so intense, not only feel it but taste it in the air. ape april felt like hell on earth. if the fed gets stronger it could get worse. pros say retail investors need to be slammed even more. president biden wants student loan forgiveness. why more students are actually skipping school. those who are going are not that enthusiastic. rebecca walters sounds off. members of congress seeing gains in company stocks that lobbied them. ceo of robinhood took home almosthundred million dollars. -- $800 million. nobody said the investing thing was fair. all that and much more on "making money." ♪. charles: so the fear and greed index edging up into extreme fear territory. still though most wall street experts want to see more pain, right? they want to see the final puking if you will. i don't think we'll get that kind of scenario where all of a sudden there is a loud thud of individual investors breaking down the doors, head for the hills and smart money strolls on in to pick u

that is good way to hand it to charles payne. take it away. >> i certainly appreciate it, david, thank you very much. thank you, good afternoon, everyone, i'm charles payne. this is "making money." market feeling for direction as wall street establishment calls for the individual investor suffer even more. the secular bear market is still intact. face it, you're not ready to throw in the towel. how do you navigate the tricky market when the experts are trying to get to you give up? fed powell among other fed fed presidents. when should they put a sock in it and do their jobs? you might say never. i was speaking in front of crypto fans in las vegas this weekend. the future looks bright. all that and much more on "making money." ♪. charles: so we begin with the, what wall street essentially on the same page. almost everyone on the street has mapped out the same scenario. they expect big bear market rallies. they say we should sell into the rallies, well there is too much optimism among retail investors. here is the premise. tell

charles: good afternoon, i'm charles payne. this is "making money." breaking now, markets start the day under pressure ones again. buyers are kicking the tires so when does the carnage stop? i have market pros that guided you the right way talking for weeks and weeks. they're all back. they will share with you what they think, i will share with you how to make a potential buy list. i will take you to stock school. elon musk the latest target shedding light on the farce that is esg. i'm more fired up than elon musk is. i will share a warning that we need to be fighting back more than ever. "wall street journal" slamming crypto, especially crip crypto and bitcoin but is it too early to dance on the grave of bitcoin and defy revolution? all that and more own "making money." charles: it began as a random walk down wall streets. all of sudden experts were hit by a bus. you know what it was, folks? it was the real world. inflation bites. and so many people watching the show. not every consumer has a piece of that fabled $2.5 trillion honpy pot of savings wa

charles. charles: [laughter], thanks a lot, neil. good afternoon, everyone. i'm charles payne. this is "making money." breaking right now, as you can see stocks are in rally mode. they are being red by most beaten up names and sectors. wall street says don't be a chump and buy this. i tell you what? it is looking more enticing that wall street doesn't like it. cbo said the economy is in glide path to a soft landing. i will talk to joe lavorgna. not only bitcoin going to 8,000 now if you believe it, you are a bunch of yahoos. milton is on. what she thinks. i love to hear what you thinks. tweet me @cvpayne. are you chump for buying bitcoin. the school of stock is in session. there is no such thing asset it and forget when it comes to investing. all that and so much more on "making money". ♪. charles: another strong session for the market which has been essentially counted out by 99% of wall street. which is ironic they're waiting for retail investors to bow out before they come in. there is irony what is leading the rally today. think about it, dollar stores, dollar general, mo

good afternoon, everyone i'm charles payne this is "making money" and the market is trying to fight back after yesterday's very ugly session which only added to really what is one of the most maybe the most difficult year you've ever had in the market, so by now, everyone's having to go back to the drawing board and many have actually skipped out on this market. i get it, pressure bust but also pressure makes diamonds i've got some of the very best on the show to help you stay the course. and ed yardeni is one of them, he became more circumstance um secretary, yet a long term outlook, rather, i think will have your approval, meanwhile americans drifting from capital ism has heaven hassett raising the alarm and the two most power powerful men in america, their messages keep backfiring, what biden and powell must do to help ease this and i'll sit down with larry kudlow to discuss how we should view and grade progress in this great country in america , all that and so much more on "making money." so the nature of this market 2022 means that everyone, and i mean everyone, has had to go back

liz: charles payne, thanks for hanging around, my friend. and the two scotts, scott bauer, scott wren. we put the nasdaq on the bug because it is, as we said, taking a much bigger percentage hit, down about 5.6% for the nasdaq, down 728 points. the low of the session, a loss of 740. question is, in the next 48 minutes will we see it test those lows or start to come you have up off the bottom? we've got red on the screen extending the chinese stocks at this hour. the securities and exchange commission, this has been a problem all day here, added more than 80 chinese akrs to its provisional firms in danger of being kicked off its exchanges. these are u.s.-listed chinese companies now provisionally or conclusively highlighted for possible delisting if they do not increase transparency and follow u.s. accounting rules. all right. so we've got jd.com down 6%, baidu, obviously, also getting hit here. long running dispute, regulators have been demanding complete access to awed different -- audit u.s.-listed chinese companies. wills a little bit of

look who is here now passing judgment on musk, charles payne himself. what do you make of the latest backwards and forwards? i think musk gets it for a lower price. charles: with you one thousand%. he overpaid. here was the first clue, this is my final offer, take it or leave it, we will take it, oh, never negotiated, okay, that was, could have gotten a better deal. stuart: questioning the metrics saying you give me the real numbers. before that was always in his back pocket like i'm going to throw out a number and see what they do. the media tried, twitter, was used to be a $70 stock, they were like this guy has this much, let's block it a little bit but when they said yes he said gosh. then he said okay, ace in the hole, i know these filings can't be real. anyone who is active on twitter knows. these are amazing. these bots are going to opine on our segment within seconds of us finishing this segment. of the one box are going to comment on you and i? charles: and they will be intelligent, they will be mean-spirited but intriguing. i had a private lunc

elon musk, a busy hour coming up with charles payne. charles: i get nervous when i friday rally starts the weekend. good afternoon, this is making money. here's the reason i get worried, the last five fridays have been frightening. we've seen monsters, maybe friday the 13th, let's face it, the buy on dips crowd has been scorched. should you be bargain-hunting? they have great ideas so get ready. pretenders climbed bitcoin, nobody slowed up more than michael sailor, and establishment, and on the show, how far the company will go to correct their mistake and price controls are always a disaster. talking to david webb on the latest crisis, the latest example of a failed big government, that and more on making money. they said the bell doesn't ring at the top or bottom, individual stocks and markets can become overbought and oversold, look at this yesterday, closer to the worst possible. bullishness declined and it remained substantially below historic levels but i like what i'm seeing with the bearishness. obviously it is a contrarian indi

charles: i'm charles payne this is "making money." market in freefall after new home sales collapsed and companies offering lower guidance. it is getting hard to argue against recession. don't tell that to the folks in davos. they say everything is a-okay. then there is snapchat. this company is a bellwether or investors are looking for reason to sell. they are loo

charles payne will break down numbers and clay travis will react to elon musk saying trump can go back on twit sxer tom brady will spent years on fox. we'll judge jimmy johnson about brady's plans after he's done playing football. he will join fox sports, great news. please be there in eight minutes. your spirit is stronger than your highs and lows. your creativity can outshine any bad day. because you are greater than your bipolar i, and you can help take control of your symptoms - and ask about vraylar. some medicines only treat the lows or highs. once-daily vraylar is proven to treat depressive, acute manic, and mixed episodes of bipolar i in adults. . . scles or confusion which may mean a life-threatening reaction, or uncontrollable muscle movements which may be permanent. high cholesterol and weight gain, and high blood sugar, which can lead to coma or death, may occur. movement dysfunction and restlessness are common side effects. sleepiness and stomach issues are also common. side effects may not appear for several weeks. you are greater than your bipolar i. ask about vraylar an

charles: good afternoon, everyone, i'm charles payne. this is "making money." breaking right now the market showing more signs of life. it is still vulnerable. while pessimism runs wild there is says something about resolve. how you can be positioned when the smoke eventually clears. we're hearing from the fed in just a few moments a string of dismal economic data points has the street second-guessing jay powell maybe the piv vote

foxbusiness's making money's charles payne will join us later. stock market, inflation, a lot of questions for charles payne. >> everyone, west virginia, pennsylvania, atlanta, chicago, no matter where we do a diner at, everyone is talking about the same thing. >> now to a fox news alert, president biden meets with south korean leaders to discuss the nuclear threat from north korea. lawrence: biden is set to arrive at a state dinner with south korea's president any minute. rachel: jackie heinrich is live, good morning. the white house deepening economic ties but there is a very clear nexus with security concerns, china buzzed taiwan with fighter jets and bombers another aircraft has president biden was landing in seoul and the us is figuring out how to respond to a ballistic missile or nuclear test from north korea that is being threatened while president biden is here. the meeting produced an agreement to expand joint military exercises on and around the great peninsula because of this evolving threat in north korea. biden is from the us will he

charles payne. charles: david, thank you so much. we are going to rock and roll. good afternoon, i'm charles payne. this is "making money." breaking right now, market popped out gate, then nosedived. all of a sudden buyers emerged. retailers are looking for more pain, but the question who is buying here? should you be nibbling as well. what happens if the u.s. economy can swifter recession? we ed yardeni on deck with that or more. inflation is taking a toll. w

good afternoon, everyone, i'm charles payne this is "making money." breaking right now after the worst start to a year ever for the nasdaq, second worst session to end a week ever, section work h worse ever for the s&p as kneel pointed out everyone is flying to the exits. professional investors are bearish because they want more individual investors take more pain. guess what? that is exactly what the fed wants to do. the investing g.o.a.t. isn't off when it comes to age bute

charles. charles: [laughter], thanks a lot, neil. good afternoon, everyone. i'm charles payne. this is "making money." breaking right now, as you can see stocks are in rally mode. they are being red by most beaten up names and sectors. wall street says don't be a chump and buy this. i tell you what? it is looking more enticing that wall street doesn't like it. cbo said the economy is in glide path to a soft landing. i will tal

charles payne to help you out. hey, charles. charles: neil, we have a great lynnup, hopefully we can help people through it. neil: thank you, bud. charles: this is "making money." what a blow. the cpi number was supposed to give wall street and main street a sigh of relief. instead it brought more pain and reminder this problem will simply not bo away easy. pendulum of emotions always swings too far in either direction including investor pessimism. is there blood in the street? remember what warren buffett said. it is the ultimate buy signal. price of food saw fastest one year jump since 1980. will the midterm elections give us more than lip service and fingerpointing? folks out there sure hope so. what happens when stablecoin implodes? what is the behind the run on-line that. what does it mean for all the crypto trade? i have a monster lineup, big boy armstrong, brian belski and brian health done and of course our usual all-star line up. you have questions. we've got answers. it's a big day. all that and so much more on "making

kat cammack says this is proof the agend is not that good and charles payne will break down big changes at twitter and netflix ahead of the elon musk takeover when it comes to twitter. general jack keane has good news for the ukrainians and vladamir putin health is in doubt. and billions being held up in congress. geraldo rivera will be here live and will cain will say something insightful. don't touch that remote, don't have your child touch that remote, three hours of nothing, but fun. don't move. gradually get dressed. chronic —- 15 or more headache days a month, each lasting 4 hours or more you're not the only one with questions about botox®. botox® prevents headaches in adults with chronic migraine before they even start—with about 10 minutes of treatment once every 3 months. so, ask your doctor if botox® is right for you, and if a sample is available. effects of botox® may spread hours to weeks after injection causing serious symptoms. alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness can be signs of a life-threat

hey, charles. charles: thank you, my friend. i'm charles payne, this is making money. breaking it down, today is the day. we'll find out how far the fed will go to tamp down inflation. the consensus is a 50 basis-point hike. there is growing camp that much be a stronger statement. there are issues like supply chain, food prices. the market has been slammed ahead of this. it is still vulnerable. i cannot overstate the importance of the next hour. meanwhile feast or famine for companies reporting earnings. if you beat you may be slightly reward. if you miss, your stock will be destroyed. here is the question, is now the time to finally buy the dip? private payrolls adding jobs in april. small businesses lost workers. scary news on many fronts. runaway inflation, historic wages, will america's backbone survive? what will the fed do. let's get right to edward lawrence in washington, d.c. reporter: federal reserve i can tell you has now raised interest rates by 50 basis points. that is what the market expected. the fed also plans to reduce the balance sheet starting on june

charles payne and william just moments away. >> john: alexandria hoff, what was the main message from the president. >> certainly a main message here, but the president did speak to inflation, much of what he had to say to say was really a continuation of tactics his administration has already deployed to combat this, like releasing oil from the strategic reserve. he's also seeking to limit food price gouging and increase taxes on the ultra wealthy. another point here, focus seemed to be on contrasting efforts he has to fight inflation with what the white house calls the congressional republican's ultra maga plan to raise taxes. >> plan put forward by congressional republicans is the second alternative, here is how each of us would tackle inflation. my plan is to lower employer -- everyday costs for every day costs for hard working americans. and lower the deficit by asking large corporations and the wealthiest americans to not engage in price gouging and to pay their fair share in taxes. >> the president says republicans plan to raise taxes. republicans have not put forth a tax plan

i'm charles payne, this is "making money." participation is so intense, not only feel it but taste it in the air. ape april felt like hell on earth. if the fed gets stronger it could get worse. pros say retail investors need to be slammed even more. president biden wants student loan forgiveness. why more students are actually skipping school. those who are going are not that

charles: good afternoon, i'm charles payne. this is "making money." breaking now, markets start the day under pressure ones again. buyers are kicking the tires so when does the carnage stop? i have market pros that guided you the right way talking for weeks and weeks. they're all back. they will share with you what they think, i will share with you how to make a potential buy list. i will take you to stock school. elon musk the latest

charles payne. talking about how at target in particular, while the cost of shipping things around is costing them a billion dollars more than they were expecting. rather than pass along to the consumers, we are going to stop shopping at target, can absorb it. >> this shatters -- this absolutely shatters the myth that the white house keeps pushing along president biden and elizabeth warren and american businesses are profiteering off of inflation. we have seen over the last year, producer prices what they have to pay to get things done is sin sig -- i was a little surprised with the target yesterday some of these things are shocking to him. it happened so fast. we've been talking and supply chain. we should stop using the term supply chain. it's a euphemism. we rely too much on china. i know it doesn't roll off the tongue. it's more of an honest truth. if we are honest about it, maybe in the future we can avoid these "shocks. >> they are still making the mass in china. target says we have supply cha

good afternoon, everyone i'm charles payne this is "making money" and the market is trying to fight back after yesterday's very ugly session which only added to really what is one of the most maybe the most difficult year you've ever had in the market, so by now, everyone's having to go back to the drawing board and many have actually skipped out on this market. i get it, pressure bust but also pressure makes diamonds i've got some of the very best on the show to help you stay the course. and ed yardeni is one of them, he became

for now, toss it over to charles payne. our time is up. charles: jackie, thank you very much the old finnergy trade is back. the markets starting week off in green after friday's inspirational reversal. was it the real deal? money betting on the dow side as hedge funds lost a bundle. they're betting retail investors will blink. at some point a bounce will stick but how do you avoid not being a sucker until then? as the world parading around davos, appears rest of us are tired of globalization. what it means for the world economy and what it means for your portfolio? should we make it easier to do business for china. when president biden is hughes musing out loud by china and taiwan. take you down a trip of memory lane. when we used pay phones and used money. all that and much more on "making money." ♪ charles: 1:25 on friday the cp effect started early, right? the stock market was in the midst of one of those free false, face it investors have become accustomed to. it was easy to believe the damage would get a whole lot worse on the week

charles payne is here to take you through the rest of the day, anything could happen. charles: obviously the biases to the downside, we will do our best. good afternoon. this is making money. breaking now the s&p 500 has joined the nasdaq composite officially entering bear market territory. by the way not all bear markets are the same, and they don't coincide with recession. i will cover all the different scenarios. my guests will share how you should be navigating treacherous waters. the fed has lost control and many fear it will go too far in an effort to rein in, this is what we just talked about, exclusive from paul bullard. today's a laugh, the world health organization with an emergency, what will they do to corral them? we have got 've got to bring in doctor mark siegel and how worried we should be. more able more government control, that and more on making money. when the market lurches into bear market territory the first question every but he thinks about is how long will this last? some investors consider selling but anyone who has been around a block even t

charles: i think i had to leave. thanks a lot, have a great weekend. i am charles payne. you heard it. here's the question. is it still up bear market? after 7 weeks of losses the s&p making a statement. of history as a guide this could be the beginning. we are navigating the twists and turns.

i'm charles payne in for neil cavuto. this is "your world." hillary vaughn is at the white house with the very latest. hillary? >> hi, charles. the president today says the fed is a very big part of his plan to

i'm charles payne in for neil cavuto. lauren simonetti has more. >> it was a bloodbath. took out sectors considered safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree. ceos are noting a shift in how we shop from buying big things like electronics to appliances to food and essential. goldman sachs says they're seeing customers tap into credit to get by. dave powell says the federal reserve must bring down inflation. they're going to act aggressively raising rates to do so. that warning hit the growth stocks today. apple, the country's biggest

sandra. >> sandra: charles payne, charles, thanks for being here. you have been taking us through this. people are wondering how bad things will get, some saying we are entering the period of stagflation before actual recession. we would have to wait on multiple quarter of negative economic growth to see that is actually happening right now. what do you do in this environment. you clearly see politically people are not happy. >> charles: that's a hard question to answer and the big conumdrum here. i look at the angles, including stock market, nothing is working unless you invested in oil and gas because the biden administration declared war on that. i cannot stress how treacherous, how dangerous thin ice we are walking on as a nation right now. i think most people get it a lot more than even economists do, certainly a lot more than the white house does, and the next 60 days, the next 90 days are going to be so, so important. now we have the federal reserve, they meet and they are going to act on wednesday. they are going to start doing some things t

i'm charles payne in for neil cavuto. this is "your world." hillary vaughn is at the white house with the very latest. hillary? >> hi, charles. the president today says the fed is a very big part of his plan to fight inflation. even though the president was face-to-face with the fed chair today, he says he's still staying hands off. >> my plan is simple, respect the fed, respect its independence which i will continue to do. >> even though biden wanted interest rates raised is not an economic cure without its own side effects. >> put jerome powell in a box. they have to raise interest rates. when they raise interest rates, it makes it harder to buy a home, usually make the stock market go down as we've seen. and that will affect people's 401(k)s. jerome powell doesn't have a lot of options. >> republicans say the best option to get inflation under control is to get government spending under control. the white house today is not second guessing any past spending. >> do you think that any part of inflagrants this year is because of president bide

i'm charles payne in for neil cavuto. we're going to take you to that news conference as soon as it begins. first to alexis mcadams who is in buffalo with the latest. alexis? >> charles, right now it's an active and on going investigation in buffalo. waiting to get new information that is supposedly should have new information about the gunman and possibly how long he was here in buffalo casing this area. officials say he was inside the store and possibly talked to employees. you can still see the crime scene tape here. you can see this is new video. the fbi is here hahn scene trying to canvas the area. they're taking pictures and marking several bullet holes that were left in the building where the gunman opened fire in what is called a racially motivated hate crime. out of the 13 people shot here in buffalo at the supermarket, 11 are black. it have aers believe the gunman's rampage was not going to end there. he was planning to continue shooting people in the neighborhood that he apparently chose because it has the larg

that is good way to hand it to charles payne. take it away. >> i certainly appreciate it, david, thank you very much. thank you, good afternoon, everyone, i'm charles payne. this is "making money." market feeling for direction as wall street establishment calls for the individual investor suffer even more. the secular bear market is still intact. face it, you're not ready to throw in the towel. how do you navigate the tricky market when the experts are trying to get to you give up? fed powell among other fed fed pr

i'm charles payne in for neil cavuto. this is "your world." we have fox team coverage, susan li on the market and its fall out and madison alworth on consumers that just want out. susan? >> charles, almost $10 trillion in stock market losses this year. that's half the u.s. economy wiped out in five months. we're looking at the lowest levels in a year on wall street. investors selling a again today on fresh concerns that china's covid look downing will meet supply disruptions and keep inflation elevated for some time that will force the federal reserve to raise rates quickly and sharply in the short term. possibly the most aggressive pace of rate increases since the 1980s. that means investors are selling off heavyweight technology shares again, which have outperformed the past two years. might look expensive in a higher interest rate environmented. now, it's not just stocks. the explosion in cryptocurrency prices is also coming back down to reality. you have bitcoin trading now at less than half of recent record prices. cryptocurrency has been

i'm charles payne in for neil cavuto. this is a special memorial day edition of "your world." and it's an expensive world. price spikeses are over 4%. now we're past 8%. now voters are getting fed up. we'll get to the fight for congress many just a moment. but first to connell mcshane to where you're paying more at the store. >> bryan: we haven't seen these types of price increases in 40 plus years. anybody that has put together the family barbecue this weekend knows about that. going out to eat at a restaurant, that used to hit americans the hardest. we have seen a 7% increase in an index of what they called food away from home. but it's heading to the grocery store. food at home prices are up by 11%. it's the largest one-year jump since 1980. the ground beef for the burgers, up 16.5%. from 4.10 to $4.92 a pound. chicken, huge increase. the cost of boneless check breast up more than $1 a pound. 36%. we found these concerns almost always are top of mind. >> prices are gone up. there's so much going on. it's a hot mess right now. >> all the prices going up. eggs are going up 22

i'm charles payne in for neil cavuto. she is "your world." five states holding primaries across the united states. the one that is catching everybody's attention is in pennsylvania. rich edson has more. rich? >> hey, good afternoon, charles. john fedderman's campaign is hosting his watch pear here in the pittsburgh area tonight. fedderman won't be there. he's been in hospital since friday with a stroke. his campaigned released the statement saying john fedderman is about to undergo a standard procedure to implant a pacemaker with a defibrillator. should help protect his heart and address the underlying cause of his heart by regulating his heart rate and rhythm. his campaign released this photo showing the progressive democrat cast an emergency absentee ballot from the hospital in lancaster. he expected to be back soon on the campaign trail that only happens if his wins his primary today. he's against congressman conor lamb. he's a centrist candidate. the top tear republicans voted in peer today. dr. mehmet awed and david mccormick and kathy b

as i said to charles payne, these are kind of the dames were great fortunes are made but you can only see that in retrospect, great to see you once again, kenny you will get nothing and like it as always. great to have you, thank you so much read president biden is going to launch the affordable conductivity program the program will offer internet access for low-income americans capping monthly cost at $30. pretty cheap the administration tapped 20 of the leading telecom companies ranking from big caps like at&t to verizon the smaller provider several areas the providers will supplies millions of household with internet speeds of up to 100 megabits per second the program will be funded with a $65 million allocated for broadband internet that was in president biden's infrastructure plan passed last year. we need to know more about this, the rural areas, they have been the ones that were harvested during the lockdown. your kids could not get internet access. this matters to the economy, does it not. >> the commitments that he has with the companies that he has only covers about 50% of t

also joining us, carley shimkus, cassie smedley, and charles payne. pro-choice activists are now targeting catholic churches for mother's day protest. think about that, let that sink in for a moment. some citing the roman catholic faith of several of the conservative justices who reportedly support the leaked

also joining us, carley shimkus, cassie smedley, and charles payne. pro-choice activists are now targeting catholic churches for mother's day protest. think about that, let that sink in for a moment. some citing the roman catholic faith of several of the conservative justices who reportedly support the leaked draft opinion striking down roe v. wade pay that's right, they are targeting their faith. some catholic churches and buildings have already been vandalized. if take a look at these pictures. absolutely grotesque. religious statues have been desecrated, and the spray painting of profanity. messages like my body my choice and you don't speak for god on current churches. the left-wing group posted a tweet describing the justices as six extremist catholics calling for protest site catholic churches in posting this video of activists appearing to disrupt the church service. amazing. you can hear the groot chanting abortion on demand without apology. some of them wearing handmaid's tale outfits. the same group that directed protesters to the homes of t

i'm charles payne in for neil cavuto. she is "your world." five states holding primaries across the united states. the one that is catching everybody's attention is in pennsylvania. rich edson has more.

i'm charles payne in for neil cavuto. this is "your world." with us now, pentagon press secretary john kirby. thanks for joining us. now that the president has in fact invoked this act, what is the role? how will the military respond? >> right now the principle job for the military will be to work with hhs, the department of agriculture, the fda to help provide contract commercial air to move formula from overseas, particularly europe to the united states. we're working in close consultation with those agencies to better determine what the requirement is and we'll work with our contract commercial air carriers to actually go pick up the baby formula wherever it is in europe, particularly, and get it to the appropriate place here in the united states. we think that using contract air right now, that's probably the best approach, the most cost efficient and probably the quickest. >> that's the part where the operation fly formula, where that comes in. the defense production act goes back to the 1950s. most recently used to speed up the vaccine,

i'm charles payne in for neil cavuto. this is "your world." coming up, we'll talk to the mayor of mcallen, texas on how his city is dealing with the influx. first, fox team coverage. bill melugin is in eagle pass where illegal migrant crossings are still happening. and we go to bill first. >> ever since the federal ruling came down friday, all it really does is keeps the status quo in place. illegal crossings continue and they have continued over the weekend in the hours after the ruling. take a look at this video saturday morning. this is a group of 60 here in eagle pass. some waving to the fox news drone. once they get to the u.s. side, it's single adults. many are from cuba, venezuela, nicaragua. the administration is not enforcing title 42 for the most part on those countries, so they know now that they have gotten to the u.s., they won't be expelled backs to mexico. that was not the only group. same day, hours after that ruling saturday morning, this was a single group of 120 that crossed illegally hear in to eagle pass. ones again single

i'm charles payne this is "making money." breaking right now after sleeping on it the street decides maybe jay powell did not save the day for wall street or main street. meanwhile the biggest hit to productivity in 75 years getting very little financial media attention. i think that my triggered this monster selloff. now there are important decisions every investor must make every day but especially today and we've got your back. also after unleashing the strategic petroleum reserve to stop