Stocks Slump 3% As Worries Grow Over Higher Interest Rates

The video discusses a significant drop in the Dow, erasing earlier gains and closing down by over 3%. This contrasts with President Biden's optimistic statements about the economy improving despite the worst inflation in 40 years. The video highlights Biden's low approval ratings on economic handling, with only 34% approval according to a CNN poll. The White House's efforts to manage inflation and gas prices, including releasing oil from reserves, are mentioned. Political figures like Senator Mark Kelly express dissatisfaction with current measures and propose solutions like suspending the gas tax. Concerns about a potential recession are raised, with economic advisors acknowledging the pressures despite the US being better positioned than other economies.

What was the percentage drop in the Dow Jones as mentioned in the video?

• 4%

• 5%

• 2%

• 3%

According to the video, what percentage of Americans approve of President Biden's handling of the economy?

• 34%

• 66%

• 40%

• 50%

What measure has the White House taken to address gas prices?

• Increased taxes

• Released oil reserves

• Subsidized gas stations

• Banned oil imports

What economic concern is highlighted towards the end of the video?

• Hyperinflation

• Stagflation

• Recession

• Deflation

What action does Senator Mark Kelly propose to help with high prices?

• Increase minimum wage

• Cut interest rates

• Suspend the gas tax

• Provide stimulus checks