233 62 News Today

As they knew. >> yeah, thats what people get for having hope and believing there are still good people in this world. we have to just assume that everyone is a horrible and terrible human being and this is an example of that. this is an example of charge-back fraud or financial fraud in many cases where the individual they dispute a charge that they willfully made on their credit card, they rode in the tip. its not as if there was an error by the restaurant charging him the $3,000, he wrote it i...

Pocketbook thats going on with americans. you can expect he will invoke his scranton roots as he does. how he shows an acknowledge its not all rosy despite the successes he may have had with the covid relief package but how does he acknowledge theres still work to be done and covid is part of that. hes addressing a country tonight two years of exhaustion dealing with this pandemic. how does he try to put covid in the rear view mirror. we heard from white house aides that he plans to address were...

Release from emergency stockpiles. total size of the release could be 50 million to 60 million barrels and the goal is to cushion the shock to energy market. prices at the pump, $3.62 a gallon nationally, up 9 cents in a week, 24 cents in a month. ceo of chevron said this kind of a move could help in the short-term. emphasis though on short-term because theres a finite amount of barrels in strategic reserves and some context, 60 million barrels, a lot but barely half of what the world consumes e...

But china also has an economic incentive here not to get on the u.s. and european unions bad side. the u.s. and european union are chinas biggest trading partners theres a lot at stake for all involved. john. >> yeah, this meeting tomorrow huge consequences, jeremy diamond at the white house, thank you. gasoline prices tend to shoot up like a rocket which oil spikes but then crashes. and president is fed up saying gas prices should decrease. gas $3.62 a gallon. now $4.31 a gallon. joining us n...

Market and being analyzed and meantime there is even more pain at the pump. the national average for a gallon of gas is $3.62. nine cents jump from just last week. >> bill: u.s. and allies increasing sanctions against russia targeting the central bank after the invasion. there is a giant loophole. the measures avoid russias oil and natural gas industries whose bigger customers include the u.s. and much of europe. that money keeps flowing into moscow. we asked jen psaki about this exception. >> w...

Is tough. you talk about the regs, it could be 4, 5 decades since we built a really good refinery in this country, that costs money. crude oil itself, and how about this, taxes. why is gas more expensive in california than lets say north dakota. taxes, taxes, taxes, state, local taxes, right now $0.57 on average what people -- $0.57 on average is state and local taxes. so a lot of moving parts here. for president biden to put that out. >> this is the president putting out a tweet about just that...

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...

One month ago, 3.62. now 4.22 per gallon. how much can you truly blame on whats going on in ukraine? >> clearly, coming out of the pandemic, the demand was through the floor meaning people were not traveling so much so the price went way down. that was the result of -- thats what you see in first part of the increase. its gone up a dollar since the last month. thats because of supply and demand. its baecause the russian barres have been pulled off the market. >> okay. thank you. >> you bet. th...

Get a couple inches out of this. the fire situation would be alleviated. thank you, pedram. the dow, nasdaq and s&p all sitting at record highs this morning. investors setting to take a step back. dow futures set for losses this morning. the shares in asia lower and oil prices are the reason. it now appears opec countries will not reach a deal to cut production. investors can be thankful for gains last week. something we have not seen in years. the stock market has been quiet thanksgiving we...

Sessions. almost 10% for the year. that is the donald trump stock market rally. the down side to the donald trump rally, mortgage rates are spiking. the average 30-year fixed rate mortgage is 4.19%. on election day, 3.62%. the increase comes from treasury bonds tied to mortgage rates. investors are ditching bonds in favor of stocks. when you sell bonds, that drives the rate up. they believe trump administration will lead to more spending and stinfrastructure. it makes it easier to hike the targe...