023 46 News Today

Once praised for its timely and meaningful software updates, Rivian disappointed its customers in November with a botched update followed by a broken fix...

Mortgage rates fell slightly this week, average 30 year fixed now at 6.6%. and on inflation watch, gas prices held steady overnight at $3.46 a gallon. consumer sentiment data from the university of michigan is due out later this morning to cap off a very busy week for your money. lets bring in john lear from morning consult. credit suisse accepted a loan from the central bank. you have big banks in the u.s. who swooped into help first republic. crisis averted here? >> in the near term crisis is ...

It would help fund business operations. and you can see asian shares closed mixed. europe has opened narrowly mixed. on wall street, barely moving here. stocks fell monday as investors worried that job strong market means the fed might have to raise interest rates several more times to control inflation. shares of alphabet fell about 2%, outlining plans for a new tool called bard to compete with chatgpt. add dell to the list of tech companies cutting jobs. dell laying off more than 6500 worker...

As well. but on the chips, those investments are already being made in this country. >> lets talk about gas prices. a gallon of regular now up to $3.46 on average. a new seven-year high, up more -- its up a dollar, almost, from a year ago. the president ordered release of 50 million barrels from the reserve. that was back in november, i believe it was, hit the market in december. opec is not ramping up increases to the desires of the u.s. what is the plan to control gas prices? this is something...

Presidents green agenda could be driving up energy costs. ed, what do you have for us? >> very interesting, john. in the last 24 hours the price of gas went up $0.02 a gallon. no new ideas out of the white house to deal with lowering gas prices and unwilling to talk about any changes or reversals in policies that constricted the supply of oil. so i had an exchange with the white house press secretary jen psaki about those policies. listen. >> topped the strategic petroleum reserve, sometimes it ...

Ever wonder what everyones doing on their phones? theyre banking, with bank of america. the grooms parents? they just found out they can redeem rewards for a second honeymoon. romance is in the air. like these two. hes realizing hes in love. and that his dating app just went up. must be fate. and phil. he forgot a gift, so hes sending the happy couple some money. digital tools so impressive, you just cant stop banking. what would you like the power to do? >> john: the biden administration facing...

>> weve been watching the gas prices very closely. they hit another fresh seven-year high just today. but oil prices are down. so what does that mean for us? >> well, ana, the national average for gasoline is at $3.46 a gallon, fresh seven-year high. its up 8 cents in a week. 8 cents. and about a dollar from a year ago. now the good news is that oil prices are retreating albeit from very high levels. as you can see, oil market has rebounded in incredible ways from early 2020 when it went negativ...

Why arent we increasing production? ok. >> let me make one point. i think we are going to go to $five a gallon. we are $90 a barrel right now, and experts think 100. go up, not down. >> sandra: r.n.c. said gas in every state is above $3. >> im paying 4.29 a gallon. >> sandra: there is the national average, 3.46, up a buck from a year ago. im getting yelled at, ive got to go. >> john: dont let steve talk anymore, depressing us all. as covid cases plummet, more states are ditching face masks for s...

A month ago, 3.46. a week ago, 3.62 and today $4.17. in the last-during the first week of the invasion, according to area deany research, gas jumped 41 cents. >> and they are now estimating that given the jump in gas, the average family, watching right now. will pay $2,000 a year more just in gas prices and $1,000 more given inflation with groceries. in other words, $3,000 is coming out of your possibility every year because of the high prices. and that is going to -- thats going to ripple acros...

Funding. and she wants to ram it through simply because she wants to go to her third trip to europe in three months for her farewell tour. i dont know how many more countries she can hit and not allow the american public to not know what is in the bill? why does she think she can do it? because she did it the last time they lost the majority. yes, sir. >> as the leader you talked about high inflation, high gas prices and i did fill my tank up this morning and gas was a little bit higher but i wa...