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Meet the Press

MTP NOW Oct. 20 — Housing market 'crashing'; U.K. government in disarray

Meet the Press

NBC News

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3.63.8K Ratings

🗓️ 20 October 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

President Joe Biden talks about the economy on his visit to Pennsylvania as the housing market crashes amid rapid rate hikes. NBC News Correspondent Vaughn Hillyard reports from Arizona with just 19 days left before the midterm elections. The United Kingdom’s government scrambles to re-organize after Prime Minister Liz Truss’s resignation. Ukraine faces an energy crisis as the war heads into the winter months. Dr. Peter Hotez talks Covid vaccines and variants.

Transcript

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0:00.0

If it's Thursday, it's the economy.

0:03.9

With just 19 days to go until the midter.

0:06.6

New polling shows deep voter pessimism about the cost of living and the prospects of a recession,

0:12.6

as Democrats struggle with their messaging around the most important issue for voters.

0:18.1

Plus, battleground candidates hit the trail full swing in the final run-up to November.

0:22.8

We'll have new reporting on key races for Senate and Governor, including the latest from the all-important

0:26.8

battleground of Arizona. And crisis in the U.K. Liz Trust resigns as prime minister. Liz, we

0:35.8

hardly knew ye. Just six weeks into a disastrous tenure fraught with turmoil.

0:40.0

What happens now amid the political turmoil of America's closest ally?

0:44.6

That's ahead.

1:02.0

Welcome to meet the Press now on this Thursday in October of an election year.

1:02.7

I'm Chuck Todd.

1:05.3

So we are now less than 20 days to the midterms.

1:07.0

There is no sugar-coating it for the Democrats.

1:08.3

They've lost the momentum.

1:11.3

And in large part, it's due to continued voter anxieties about the economy. It's ratcheting back up because guess what? It doesn't look like there's any

1:16.4

end in sight. New polling out today suggests voters remain highly pessimistic about the current

1:21.7

direction of the economy and about where it's headed. And they trust Republicans more to get

1:25.8

things back on track. We're going to dive into those new poll numbers in a moment. But first, here's what's actually driving some of this

1:32.7

economic anxiety among voters. There's real reasons for it. Concerns about a potential collapse in

1:37.5

the housing market. New data out today shows that sales of existing homes are at their slowest pace

1:42.6

in a decade. and mortgage rates are

...

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