President biden starts his first presidential trip to the Middle East in Israel
yesterday, he met with Israeli leaders and holocaust survivors.
He also sat down with an Israeli reporter
and biden talked about the purpose of his trip
and even his goals.
The only worse than the Iran that exists now is Iran with nuclear weapons.
And if we can return to the deal and hold them tight,
I think it was a gigantic mistake for the last president to get out of the deal.
They're closer to a nuclear weapon now than they were before.
Now.
President biden will meet with Palestinian representatives on friday in the
occupied West Bank and the FDA has approved 1/4 covid vaccination.
This one made by Novavax.
The vaccine which relies on protein based technology used for decades,
may appeal to people allergic to the Messenger RNA vaccines developed by Pfizer,
biotech and Moderna
are those who are skeptical of the shots, newer technology.
The White House announced earlier this week it has
bought 3.2 million doses of the Novavax vaccine.
The CDC still needs to sign off on it before pharmacies.
Other health care providers can start administering the shots.
Well,
the by administration now warning pharmacists that
refused to dispense medications used in abortions
might be violating federal protections against discrimination.
The Wall Street Journal reporting that the Department
of Health and Human Services has new guidelines outlining
when a pharmacist refusal to dispense a drug might
be a violation of federal anti discrimination laws.
Some examples include cases involving patients seeking drug treatment
after a miscarriage or for an ectopic pregnancy.
That's where a fertilized egg implants outside of the uterus
and the world of politics waking up this thursday and it's waking up a
day after we saw inflation climb to 9.1% in the month of june,
Megan prats is live in Washington,
bringing us more on what this means for President
biden and his party ahead of the midterms.
Good morning Megan.
Good morning baker. Good morning Alicia. Of course.
This week's inflation numbers exceeded expectations
in the worst possible way,
prices were up 9.1% last month compared to the same time last year.
It's the worst we've seen in 40 years
and it puts president biden struggles on the economy
into even sharper focus a poll from the new york times since Sienna College
found only bad news for biden On the economy,
three quarters of Americans rate the economy as
extremely important,
but just 33% of Americans approve of the job biden is doing as president.
Nearly 80% believe the country is going in the wrong
direction and a whopping 93% of voters aged 18-64,
right the state of the economy as either fair
or poor.
None of those numbers,
you want to see if you're the president leading a
party into crucial midterm elections and you especially don't want to
see them if you're a democrat who has to answer
for the president's actions out there on the campaign trail,
but what's even harder for biden
and democrats about the continuing economic stress
is that there's not actually a lot the president can do about inflation.
He can't force other countries to start producing more oil.
He can't fix the supply chain singlehandedly.
He's already used most of the tools in his toolbox and he
can't do much more without the help of Congress or state level
lawmakers Megan.
Are there any signs of hope if you're president
biden when it comes to the economy right now?
Well, Alicia,
the President's statement reacting to the new data mentioned the slight
dip we've seen in gas prices over the last few weeks,
which of course is welcome news for the american people and even other democrats
like House Speaker Nancy Pelosi said they think we've hit the peak of inflation,
but how many times have you heard that before?
They've been saying different versions of those things for months.
So it's a little bit difficult to see if there
are any true saving graces if you're in the Democratic Party
right now.
A
very good point makeup rats live force from Washington Megan.
Thank you so much turning down some of the
business stories we're following for you this hour.
Netflix now, teaming up with Microsoft that for their first ad supported service
companies announced this on Wednesday
netflix announcing plans for an ad supported subscription in
april that after years of resisting the move,
the streaming giant recently bumped up
their prices to support content development.
But now Netflix says those price changes were partially responsible for the
600,000 subscribers they lost in North America during the most recent quarter.
Meanwhile,
Delta's planes are packed this summer and the airline
earned a very healthy profit in the second quarter,
$735 million, but that was less than Wall Street expected.
And as you see, delta stock fell as low as 6% Wednesday.
Delta blaming the earnings miss on high fuel prices and more
than 4000 canceled flights just in the months of May and june
staffing and pilot shortages have also affected all airlines.
But Delta actually the only airline that's been profitable over the last 12 months.
Finally, as inflation drives up prices,
dollar stores are booming sales up 14% from a year ago.
That's according to data company numerator
and the largest increase in spending at those stores came from high income
shoppers who are switching to dollar stores all in search of a bargain.
Dollar trees saw sales fall earlier this year and
after they raised their prices to a dollar 25