more than $3.50 in the u.s. spiking energy grices a huge driver. higher prices and more aggressive actions stemming from the federal reserve to contain that. the biden administration set to announce a $450 million fund aimed at untangling the supply chain bottlenecks. how? a grant program paying for expanding capacity and modernizing sea ports. it should get things from the ships to the shelves. the grant awards are funded through last year's infrastructure bill and will begin this fall. still, trying to untangle the covid supply chain nightmare. thank you for joining us this wednesday morning. i'm christine romans. >> i'm laura jarretttt. "new day" is next. and of coursrse, puppy-friendly. we don't like to s say perfect, but t it's pretty perfect. booking.com, booking.yeah. (vo) verizon is going ultra! and so is manny!