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Will lead our live coverage of tomorrows hearing, starting tomorrow at 10:00 a.m. eastern time now to the news affecting almost everyone today, gas hit a new high, $5 a gallon on average nationally and new data shows inflation is the worst its been since 1981, up 8.6% since this time last year that translates to families paying an extra $460 a month for everyday items for so many, thats money they do not have tonight, we follow three families as theyre forced to change their lifestyles to get ...

To be attacking energy production in the united states. and people are paying at the pump like never before. its hammering blue collar people, working people. but as you said, it impacts everything in the economy because when those energy prices are sky rocketing, transportation, the cost of goods. and so youre seeing that is the number one driver in the inflation. also the fact that they printed trillions of dollars that we didnt have, but those two factors have created really a hellish scenari...

Today! all right. close your eyes. lets get a check on cnn business this morning. asian shares down sharply. look at tokyo, down 3%. that is a big one-day move. europe has opened sharply lower as well here. 2% in paris. 2% in frankfurt. on wall street stock index futures also hinting at a really awful day this morning in the market. look at that. if this holds, it would be 600 points maybe on the dow. and thats after a terrible day on friday. the dow plunged more than 800 points on friday. on ...

Explain to the american people that is what were doing because we know, they know, there is not a lot of that the white house can do on this issue. so there is concerns about the political aspect of this as we head into the midterms. but also the larger implications for the entire rest of this term before this white house and the kinds of things that theyre able to do because if people feel, because this is how about how people feel, they feel everything is expensive, because it is. if there is ...

Down 20%, dow down 9, nasdaq 8%. dont look at your 401k now. red arrows across the board. total inflation 8.6% groceries, 12 and can be put lipstick on this bad boy. >> no. it is rough. the 8.6 on inflation. today is really more fallout from friday, right? the dow was down 880 and put 750 on top of that, s&p 500 broadest measure on the market is a bear market if it closed at this point. 20% off its high. what the 8.6% inflation told us is that inflation did not peak say in march because it is no...

Said because my customers are getting so burned im actually going to lower prices. listen to this. >> foods just going crazy all of our paper products, everything is just sky rocketing every day and just changes every week, it gets higher and higher. and i dont see anybody doing anything. lunch sales have been going down so i returned to the old prices and the volume is just making up the difference for us. a lot more people are coming out now and our business has like tripled. cant hardly get i...

Greater when the rate is as sharp an increase especially if you are looking at the gas pump and what everybody the dealing with here. >> dana: you heard the president say when he spoke on saturday the unemployment rate is at record lows. while thats true, i understand thats something you want to promote. the fact is there arent enough workers and we arent growing and inflation is taking a bite out of things. if you have wages versus inflation you have wages increasing 5% but inflation at 8.6%. e...

Charged with sexual offences against three men — including four counts of sexual assault. prosecutors authorised charges against him last month, but the actor could only be charged once he arrived in the uk. kevin spacey said he will voluntarily appear in this country and is confident of proving his innocence. global stocks have tumbled on monday amid fears rising inflation could cause an economic downturn. in the us, the s&p 500 share index fell 3.8%, entering what is known as a bear market. ...

It comes after we learned consumer prices jumped 8.6% compared to this time last year. signaling inflation isnt going away any time soon. that is ramping up pressure on president biden to act. in any way he can. with the president blaming the war in ukraine as the single biggest cause of high prices. the white house released this three step plan over the weekend to fight inflation. joining us now, political white house reporter and "morning joe" senior contributor eugene daniels and also with us...

That comes on the heels of fridays consumer price index showing inflation rose to 8.6%. were talking about a four decade high. >> yeah. mom and dad, wake up the kids. hes here. hes got charts. >> we need him. >> hes pissed off. >> im sure he is. hes doing just fine. >> no, hes not. steve rattner, i look at the numbers. im sure i was like you, hoping against hope that the inflation would start to go down and ease a little bit. man, between the war, between china slowly starting to open up again, ...