Page 203 - 1981 News Today

Majority of household expenses. blue chip stocks fell friday by more than 800 points after reports released. nevertheless, president joe biden says the economy is in a position of strength. here is cnn white house correspondent arlette saenz. >> reporter: president biden insists that fighting inflation remains his top economic priority as american families continue to feel the pain of high prices at the gas pump and grocery stores. the biden administration hoped that prices would soon begin mode...

Welcome back to "state of the union." the average price of gas in the u.s. hit $5 a gallon this weekend according to the aaa, and high fuel costs are in turn increasing the price of consumer goods. the rate of inflation grows to a 40 year high last month. here with me now is former treasury of secretary and economic adviser to many democratic presidents, larry summers. thank you very much for joining me. you have been predicting high inflation since last year. it is at 8.6%. the highest since de...

That died from gun violence last year and now the new 5,000 orange roses to represent the increase in one year of how many gun deaths weve had in this country. >> too much guns. no more. no more. >> meanwhile, the january 6th committee is zeroing in on what trump may have played in terms of his role in the insurrection. and were not just talking about donald trump. were also talking about alex jones. thats next. first, heres your before the bell report. >> hi, jim. consumers are still feeling ...

That is powerfully incriminating in evidence. it is evidence from heaven to a prosecutor. >> glenn kirschner, we will have you back. lets keep our breaking down these hearings. thank you for being here this morning. >> thanks, katie. >> now, on to breaking news on the economy, the average price of a gas of gasoline is reaching $5 nationally, an all-time high. inflation numbers are also jumping to a 40 year high affecting everything from home prices, food, to gasoline. tom castle has more for us....

Bittersweet. baby holly vanished along with her parents in 1980. a religious group told her family that the couple ran away with them. the couple was murdered in 1981. however, that maybe whos now a grown woman, her life was spared. she was reunited with her family over zoom just on tuesday. hollys grandmother telling cnn today is a blessing. >> i just kept praying and hoping and never gave up hope and believing in the lord that he will reveal it to me eventually. i asked what happened to my son...

Everything, but especially at the pump. the may consumer price index, up 8.6% from the year before. the fastest since 1981. and when you look at just the month, prices rose 1% from april to may. 1%. that is a big move in one month. core cpi, when they strip out food and energy, that rose 6% from last year. prices across the board, more expensive than last year. largely driven by shelter, the biggest yearly gain there since 1991. food up 10.1%, the first double-digit increase in 41 years and ener...

Stayed painfully high in may as consumer prices hit a new four decade high of 26%. this marks the fastest pace of inflation since december 1981, and at one point on friday, following the reports release, it was actually the number 2 trending topic on twitter, signaling it is a major issue for americans right now. however, president joe biden isnt taking responsibility for the issue, instead placing blame on russian president putin. >> todays inflation report confirmed what america already knows:...

Bittersweet. baby holly klaus vanished along with her parents in 1980. now, a religious group told their fam wily that the couple n away with them, but dna testing proved just last year, that the couple was murdered in 1981. however, that baby who is now a grown woman, her life was spared. and she was reunited with her family over zoom just on tuesday. now. >> now, hollys grandmother telling cnn, today, its a blessing. >> i just kept praying and hoping. and never gave up hope. and believing in t...

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>> reporter: back here, 51 cents gas tax. there was a proposal that he could give a $400 rebate per car, up to two cars per family. can he find authors in state legislature to go forward with this? the people at this gas station say yes. get us that $400 rebate yesterday. >> no sprurprise thats what th want. a new government inflation shows record hikes across the committee. since last play, the cost of groceries has jumped 10%. used cars are up 16%. overall the report shows the steepest inflati...