33 51 News Today

Spot. >> a little bit of good news for you. the average price of gas is $3.51 per gallon, and as our christine romans explains, its a massive price drop from this time last year. >> victor, amara, good news for drivers stuck in holiday traffic this weekend. expect cheaper prices at the pump. gas for this july will cost a staggering $1.31 less from last year, one of the biggest price drops on record. that also means drivers are spending $20 less per fill-up on average. this is a big reversal from...

Three banking failures since march is a symptom of something bigger. listen. it just shows the fragility of our economy, what has been caused by the run away inflation, the outrageous -- the outrageous spending by washington, d.c. and, of course, you know, internationally the inability or the lack of confidence in the dollar such that were having a difficult time selling our debt. these are unprecedented things in america. and theyre all due to policies of overspending and poor fiscal management...

Price plummets. san francisco resident mario molina withdrew some of his money from first republic bank on friday, worried the lender could go under. >> word is they might close down next week. >> reporter: possibly tomorrow. according to media reports, the fdic asked jpmorgan chase and pnc to submit final builds to buy first republic by sunday. the bank stock price plunged 80% in march, a direct result of the collapse of silicon valley bank. shortly after, nearly a dozen larger banks propped up...

Four day workweek? maryland may start trying it. a new bill incentivizing employees with at least 30 employees to experiment to shift to a 32 hour week without cutting pay or benefits. it provides up to $750,000 in tax credits per year to try it in the private sector. they have tried it and a lot of companies like it. markets around the world are lower. european markets down. eurozone gdp grew slightly. and futures are leading down after they fell yesterday ahead of the two day meeting. fed of...

Sales suffered during what it called a challenging holiday season. more on how other retailers are doing at the moment. looking at markets around the world to close out the week, asian markets closed up. china is closed for the lunar new year. wall street, stock index futures barely moving here but leaning lower after gains thursday. gdp grew stronger than expected 2.9%. you can see thats slowing from the second quarter but clearly recovering from a stall in the first half of the year. despite...

Cooling off because last june we had 7% inflation. it has ticked down to 5%, and this slowdown in inflation, if it continues, this could give the fed the cover it needs and wants to try to slow the pace of interest rate hikes at next weeks meeting and maybe even pause altogether this spring. we do need to keep an eye on consumer spending though because spending dipped last month as people were dealing with inflation. peoples a saved more money. theyre setting aside extra money for a rainy day, a...

The suspect and indeed the two guns that have now been known to be used in the killing, they are appealing to the public to come forward. also a stark warning to anyone who they think might be harbouring the suspect or hiding or disposing of those weapons. so that is the latest footage we have from merseyside police. it is 3.51. 0riginality, impact and wow—factor are just some of the criteria forjudges deciding who will win the natural history museum�*s prestigous wildlife photographer of th...

Refining capacity is becoming a bigger chunk. in january 2021, the refining capacity was less for taxes and things like that. the amount of money refining is contributing to the price of gas is growing and growing at a much faster rate than other factors that go into a gallon of gas. so this the biggest problem were dealing with. it is the ability to return more oil into gas, and again, this is not the all time high. that was back in 2008. but of course, in todays dollars, it is over $5. if you ...

We havent seen 10% inflation since 1981. whats key to note here is russia is the second most oil-producing country. prices at the pump also moving up, hitting $3.51 a gallon today, a seven-year high, and in california theyre at a record above $4.71 a gallon. but this isnt just about the price at the pump. higher gas and oil prices means its more expensive to heat your home, more expensive for electricity, airfare. it gets harder to expense your goods. you put it all together, you can see how you...

If russia invades. tonight, growing concerns about the impact a russian invasion of ukraine could have on americans. and their wallets. >> i will not pretend this will be painless. there could be impact on our energy prices. so were taking active steps to alleviate the pressure on our own energy markets and offset raising prices. >> reporter: president biden promising his team will deploy all of the tools to relieve pain at the pump, pain already felt because of supply chain issues connected to ...