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Thats untenable. steve: heres the thing people feel it at home, eriver time you fill up your gas we said this a million times you feel it. when you go to look for christmas presents and if you can find something the price is a lot higher than it was last year. people are feeling it. its interesting, the white house punch bowl talked to an advisor and they said the focus of the white house, this week, obviously, is on all of those numbers, because theyre going to focus on lowering prices for the ...

In arizona, in other parts of the country. so already this sort of sign of contagion appears to be happening. ok john, appears to be happening. 0k john, thank you very much for your time. lets stay in the us, because the soaring cost of living will be back in focus in a few hours time, with the release of official inflation figures. president biden has vowed to make controlling inflation a top priority. americas consumer price index was up 6.2% in october compared with last year, the highest its...

Place. we lost confidence in our able to predict precise number. its 6.2% last month. everyone expects to be higher, high 6s. i dont want to say theyre rearranging the chairs of the titanic. theyre taking oil out of the petroleum reserve. its basically to show the american people they are doing something. you guys talked about a great length on yesterday when you look at what americans are saying and feeling, inflation had become not the number one issue in the top group. you have high wage incr...

This friday morning. lets get a check on global markets. you can see asia markets closed lower. europe has opened very slightly lower. but on wall street, stock index futures are leaning up a little bit. if was a down day, mostly down day for stocks on thursday. the dow flat after an 1100 point rally. remember earlier this week, a big start to the week. the nasdaq and s&p 500 snapped a three-day winning streak there. stocks pausing from that powerful early week rally. today the focus shifts back...

I dont know how you control inflation when there is the first year of spending will be quite large. thats an awful lot more federal dollars going into a time when we have uncertainty and inflation now at 6.2, maybe a point higher. >> dana: 6.2. to put it on the screen sfor everybody to see. inflation in october year-over-year in september 5.4, october 6.2. not going in the right direction for consumers, bill. >> yeah, look. im with senator manchin on this. it is interesting, the more changes tha...

There is an inflation problem. its walking hand in hand with inflation. what you are seeing is inflation probably rising faster than wages. the short term is that wages are keeping track with inflation. >> sandra: not so much. hold on. hourly wages up 4.8% year over year. >> okay. >> sandra: and inflation is up 6.2%. wages are trying to catch up. >> thats the latest reading. thats a great point. we have wages trying to keep up with inflation. if wages are not higher than inflation, what is going...

But we know were not just fighting omicron. we still have delta. delta reigns in the united states of america, and delta reigns globally. so the question is not necessarily making finer-tuned vaccines. right now the very question we should be asking is why do we not have global vaccination? the very question we should be asking is why havent which lifted the i.p. ones this vaccines and shared the formula so the poorer of the countries in our world can actually be vaccinated in the first place? u...

Vaccines in a long time. and the reopening looks like it will stay and that is a good thing. >> sandra: all right, but it appears inflation is here to stay when you look at most economists expectations for inflation. and high praise of just about everything. not going away this year. not going away early next year and steve thoroughly forecast well into next year. that is going to cause a lot of pain for the american family. >> i hate to say i told you so but sandra have been saying that for man...

A 6.2-magnitude earthquake struck off North Sulawesi province in central Indonesia on Sunday, and no report of casualty or damages was issued, officials said.

Transitory? >> its probably a good time to retire that word and try to explain more clearly what we mean. paul: federal reserve chairman jerome powell on capitol hill this week acknowledging it may be time scrapped the term transitory running describing transitory as prices climb well past 2% target to a 31 year high of 6.2% in october. powell forney the banking committee tuesday he expects prices to continue into next year the new omicron bearings could have a negative impact of inflation and e...