CBN NewsWatch AM: May 19, 2022

Inflation and the economy- including record high gas prices – back in the spotlight after bad earnings reports from top retailers Target and Walmart hit the stock market hard; CBN News Financial Editor Drew Parkhill talks the causes of the current inflation, how high the Federal Reserve must raise interest rates to fight inflation, how stocks could keep falling, and how inflation is likely to hurt the Democrats badly in the midterm elections; how parents can deal with the current infant formula shortage and what churches are doing to help; Department of Homeland Security puts controversial new “Disinformation Governance Board” on pause after criticism from Republicans, conservatives and civil liberties groups; why the border crisis is expected to get worse in a few days when Title 42 is lifted; and Jihad Watch Director Robert Spencer, author of The Critical Qur’an, talks to CBN’s The Global Lane about the dangers of Islamic terrorism to the US compared what the government says about threat from white supremacists.