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Fed official say it is likely interest hikes could stay at 25 basis points rather than something bigger. all three indices are on the way to a positive week. and citigroup announcing that it will cut hundreds of jobs across several divisions and mortgage rates climbing for the fourth week in a row. 6.65%. and gas prices rose two pennies, $3.37 a gallon. tesla announcing plans to expand production and build a new plant in mexico. but shares fell nearly 6% after elon musk failed to offer details...

Here id call that, stocks fell as bond yields rose. economic news coming in strong meaning inflation and interest rates could stay higher. mortgage applications fell to 28 year lows as home buyers are pulling back there. on inflation watch, gas prices rose a penny overnight, $3.37 a gallon. and jobless claims are expected to stay below 200,000 for a september weeseventh week in a . and it is tax time and your return might look different. first expect a smaller refund.m. and it is tax time an...

Decline in the nasdaq. it was a strong week overall, and a strong start to 2023. the s&p , lets see, were watching down markets there. nasdaq up 3%. five-week winning streak there. shockingly strong jobs report friday has investors worrying what the next fed hike move is. and next this week, well get more information. from jerome powell, state of the union address, and weekly jobless claims. another week of big earn, pepsi, uber slated to report. inflation, gas prices falling a penny, $3.37 a ga...

Gallon. so, i hate to say this, i think the inflation problem is not behind us, its in front of us. >> sandra: nobody likes the high gas prices, the national average, 3.37 currently, that is up from a month ago, and up significantly more than a dollar from a year ago. what the consumer is dealing with, and what the voter has in front of them. we are seeing inflation is hottest in 2022 battleground states, continuously increasing consumer price index is worrying swing voters. you are seeing this ...

Of a hole. that report is out at 8:30 a.m. we will break that on "new day." >> now to the price the at the pump. opec stays the course. agreeing to add 400,000 extra barrels of oil to world supply in january. this is a really closely watched move from capitals around the world. demand is surging for oil. the u.s. and its allies had asked opec plus to release even more when the cartel did not, the u.s. and nations released millions of barrels from their own strategic reserves to try to cool off g...

Biden says he does not have an immediate solution to skyrocketing gas prices and that americans could be feeling the pain at the pump for months. >> president biden: my guess is youll start to see gas prices come down as we get by going into the winter -- excuse me into next year in 2022. i must tell you, i dont have a near-term answer. >> trace: the average price for a gallon of regular is now $3.37. up more than $1.20 from a year ago. prices in one california town surging to more than double t...

Down. the national average right now for regular unleaded is $3.37 second dome flashback a year ago just $2. montana california was shocked by prices as -- just tonight, president biden predicted those prices should drop. the major u.s. automakers committing to make half of their vehicles electric. >> now you have all three major manufacturers saying the same thing. so what will happen if you are going to see a dramatic drop, a dramatic drop, and what is going to happen in terms of gas prices as...

The sign back there behind me pushing $4 for a gallon of premium gas, tends to be higher in the northeast than the national average which comes in at $3.37, the average gallon of regular gas. one year ago it was $2, $0.16, thats a 56% increase and what that means of courses weve got a whole lot less money to spend on other things. one research group finds for every dime of increase in the price of a gallon of gas, its $1.3 billion taken out of discretionary spending. leading up to christmas we w...

Important to the president, very few cases have been overturned by justices that are in this federalist society list f you call it. >> the president our reporting suggested has become enamored with the idea that he might nominate a woman. >> uh-huh. well, listen, i think that would be great. when sandra day oconner was nominated, it was a great shock to many liberals that president reagan was willing to do that. i think if the president -- im all for the diversity of that and im all for people h...

Im tempted to do, youll see something in the negative. you dont need to do that. you dont lose money until you sell. ashley webster, the final bell will start ringing in 45 seconds. >> where do we finish? down more than 1,000 points? maybe more sell orders coming in. looks like well stay below 1,000 points shep. 4.3%. >> the s&p 500 is off 100 points, 3.63%. the nasdaq index is now off 3.37%. 237 points in the nasdaq and a wild dow right now. 1,100 points on the dow jones industrial average. tha...