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All right. lets get a check on cnn business this friday morning. looking at markets around the world. markets in china are closed for a holiday. europe has opened slightly higher here. wall street stock index futures are really mixed. it was another choppy day in the stock market yesterday. in the end the s&p and dow fell by more than 1%. the big question now, will the jobs report "today" show the feds medicine is working and red hot jobs growth is starting to cool. the u.s. economy forecast a...

Lets get a check on cnn business this morning. looking at markets around the world, european markets are mixed following fears of gas shortages. major gas pipeline disruption from russia to the region. euro also tumbling to a 20 year low. and asian markets closed lower following chinas decision monday to slash key interest rate as it looks to the nomortge crisis there. and stock futures bouncing back after worries of fed rate hikes ahead. dow ended yesterday almost 2%, s&p 500 and nasdaq also ...

Lives. first of all, on the prescription drug pricing, medicare being able to negotiate prices, that doesnt kick in until 2026. it doesnt kick in, not only not before this election, it doesnt kick in before the next election. its only ten drugs. the $2,000 cap doesnt quick in until 2025. what are you going to experience between now and november? youre not going to experience lower drug prices. youre going to continue to experience high gas prices, lower than a month ago. im very excited, $3.89, ...

In record time, i might add, but at the same time it is still too high. and we want the prices to go down even further. were going to see reporting, you know, of record profits from oil companies and refiners, we want them to use those profits to invest back in the united states and thats what the president has told them to do. reinvest it in america, increase production, increase capacity for refining, so we can be those -- bring those prices even further down. and, john, ill tell you, even tho...

You mentioned the national average. come with me and well check out the prices in gainesville. unlead, $3.89 a gallon. diesel, $4.99 a gallon. in atlanta its even higher. we have spoken to people at gas stations in three different counties. all of them politically significant and politically different. one of of them a big swing county, another a deeply blue county and another a deeply red county. every time we talked to people, they said they do not like what theyre seeing at the pump. for some...

You are a georgian from atlanta. what is it like out there? not everybody has access to public transportation. >> reporter: its really tough. you mentioned that national gas average. when you go back and looks at it about a year ago this exact same time, it was $1.30 less. let me show you the prices here in gainesville. you look up at this sign, unleaded 3.89. thats really high. diesel $4.99. in atlanta, it is even higher. we went to three different counties speaking to people about these gas pr...

Independence while russian president putin wages war on ukraine. fox team coverage on the energy front, what the biden administration can do, and jeff flock is live at a gas station in philadelphia, drivers are forced to pay some high prices to fill up their tanks. we can see the sign in the background there, regular over four bucks a gallon. >> you said it, john. and things are kind of getting crazy. 4.09 at a conoco, and speedway across the street, 4.19, and across the street there, a shell st...

>> oil prices keep rocketing, meaning the oil -- gas prices have been soaring. they could soar a lot more with the latest news, $5 gas. >> song: cost of living is high and going up. up to $5 in san francisco on average year, $4 here in the philadelphia suburbs. if you look at the national average, $3.73, up $0.07 today after of four since yesterday. the cost of diesel, similar, up $0.08 today. a lot of potential for inflation there. started out at $3.89 on a shell station on broad street.

January 1, 2025, and each year, it will go up by a dollar or so and it will get us to that $15 rate at january 1, 2025. and we think thats important. >> what about -- >> -- when you think about the number of individuals that are impacted and theyre going to be able to earn a great deal more money and its all going to go back into our economy and our small businesses are going to benefit as a result. >> so, couple things, though, i want to challenge you on, governor, here. one is child care, prov...

Saudi arabia. this is coming up because of the concerns and the mystery over the journalist who has gone missing in the saudi consulate in istanbul. do you think companies are pulling out, cnn pulled out of being a sponsor of the summit. others have as well. do you think the treasury secretary should be heading over at this time? >> i cant answer that, but you do remind me of something when you mention saudi arabia. the other thing going on right now is high oil prices. i dont know if you have b...