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political polarization, and growing debt. >> and given the kind of deterioration and governance and unwillingness to really tackle these issues, we don't think that they deserve a aaa anymore. >> reporter: the white house quickly pushed back on the downgrade. >> what they're doing is punishing the cleanup crew when the guy who wrecked the room is long gone, and sorry, but that just doesn't hold water. >> reporter: the ceo of jpmorgan chase on cnbc reassuring investors the u.s. economy is very robust. >> this is the most prosperous nation on the planet. it's still the most prosperous nation on the planet. >> so, tom, clearly there's some good economic news, but a lot at home are still dealing with you could call everyday inflation. >> reporter: yeah, especially at the gas pump. the national average for gas is now $3.80 gallon, up 27 cents in a month, and they blame russian and opec cuts, and extreme heat slowing refinery operations in the u.s. and, meanwhile, higher interest rates are making it more expensive to buy a
to draw more drinkers in. the general person who drinks a nice pint deserves to have a lesser spend. and they say they're supporting the pubs? i hope it will. i hope it'll encourage people to come because pubs like this need it. do you think it's a good idea? no. why? i think there's already too much tax on wine. you've got a choice, haven't you? don't drink or pay the money. from a health point of view, it's got to be right. does it feel like it's helping you? potentially. but at the moment, everything's going up. so obviously it might have a knock on effect later on. but at the moment, we're not seeing that change at the moment. this is the biggest shake up of alcohol taxes in a fairfew years. and the government says this system is more sensible and fairer, too, because it says having left the eu gives it the freedom to charge different taxes here in a pub to somewhere like a supermarket. but the stronger the alcohol content, the higher the tax and spirits have seen some of the biggest increases. around $0.80 a bottle. so a significant rise for sure.
but people are still spending on experiences. look at the blockbuster movie sales for barbie and all those soldout taylor swift condition certificates. but one thing we need to keep an eye on is the price of gas. it is unexpectedly soaring recently. the national average is now at $3.71 a gallon. up another 2 cents overnight. this is the highest level in eight nths, up 13 cents in just the past week. and if you look at theap, we have 13 statesveraging $3.80 or above, including pennsylvania, illinois, colorado, and california. the crazy thing here is why this is happening. part of it is the fact that oil prices have gone up. opec holds back supply. but it's also these extremely hot temperatures. triple-digit heat is messing with refineries, causing them to limit their supply of gasoline, jet fuel and diesel right when
eggs off the bat, that is down over 8% compared to last year. then you take a look at milk. that's down 10%. bacon a favorite of yours. that is down 4% in cost. but on the other hand, take a look at other staples, some un avoi avoidable. flour up 12% year over year. bread up over 11%. the challenge there is these are increases on top of an already high price. when you look at last year, we saw some of the highest inflation that we've seen in 40 years. so i want to look beyond just one year to really understand how prices have changed. so if you look prepandemic at ground beef, that was around $3.80 per pound. now for the same amount of beef, you're paying over $5. taking a look at sugar from today's cpi report, sugar is up 11% year over year. when you factor in prepandemic to today, the price has
>> yes. >> our panel is back. listen, brian, i don't feel the story has anything to do it tipping. it has tso do with this guys lie choices. he is on the wrong side of 35 and delivering pizza.an she did not remember him. nice house for a $5 tip. b that iess the best he could come up with. >> ring doorbell. amazon boxes now get to stay on your porch. i will say this. h i do think the map does not work out for uber eats and uber in particular. he is running around delivering smoothies that cost $8. he is making like $1.80. i think the whole equation on uber eats does not work.
we average 250,000 job gains over the last three months. much greater than when president obama and president trump were in office. and we have wages going up in the labor participation rates are at three-year high. so we have a lot of good things going on. trace, we're at an inflection point. as it gets better, it's still is tough out there. >> it is. i want this on the screen, if i can, steve. this is biden's economic policies. who do they help? the number in the middle is what catches me. people like me, 6% sakes this economy helps people like me. it's the burrito analogy for me, steve. go across the street. 2 1/2 years ago, i had a receipt the burrito was $9.80. it's $15 today and it's not coming down. >> i guess i'm one of those people who doesn't think that this economy is helped people. this has been a real problem for the average worker because of
research for the bbc has found. analysts compared the prices of 23 items in france, germany, italy, spain and the netherlands. the uk is the most expensive place to buy ketchup — £1.92 compared to £1.37 in italy. toilet roll is a whopping £3.80 here — it's only £2.66 in italy. we're also the most expensive for mayonnaise, butter and margarine. but we have the cheapest nappies — £5.57 for the average pack — they're more than double that in france at £12.43. and we have the cheapest frozen pizza — £1.92, again, it's most expensive in france. if we add up the whole basket of 23 items, france was overall the priciest, germany the cheapest — you can see the uk in the middle of the table here. if you want to see more of this analysis, head to the bbc website and look for our "tackling it together" pages. now a look at some other stories
a little _ get one free, the 342 pricing is all a little bit — get one free, the 342 pricing is all a little bit like the three card trick — a little bit like the three card trick and _ a little bit like the three card trick. and the thing that was poignant, how can four pints of milk be £180, _ poignant, how can four pints of milk be £1.80, for the guy set at the co-op _ be £1.80, for the guy set at the co-op and _ be £1.80, for the guy set at the co—op and two points be £1.40 old? as a nation — co—op and two points be £1.40 old? as a nation at a time when there is row challenges around for these people — row challenges around for these people who cannot feed their families— people who cannot feed their families and i think richard walker was on _ families and i think richard walker was on record, the chief executive of iceland — was on record, the chief executive of iceland and he said how are you getting _ of iceland and he said how are you getting on— of iceland and he said how are you getting on with competition from supermarkets like aldi and lidl and he said _ supermarkets like aldi and lidl and he said our— supermarkets like aldi and lidl and he said our biggest competition or food banks now. that is astonishing. there _ food banks now. that is astonishing. there was— food banks now. that is astonishing. there was a — food banks now. that is astonishing. there was a time you could go to lidl and you just had the basic
The National Investigation Agency (NIA) has seized Rs 7.80 lakh and a car as 'proceeds of terrorism' in Bastara Toll Plaza Improvised Explosive Devices (IED) recovery case involving designated terrorist Harwinder Singh Sandhu alias Rinda, the agency said on Friday.
pandemic-era aid programs, and should those types of programs should be made more permanent, going forward, so that you can account for those swings in the prices of food and things like that? >> we don't live in a silo, right? what happens to an individual in a way affects all of us as a community because yes, it kept people out of poverty, but it maintained the economy. usda has has the multiplier effect that snap pass on the economy. individuals are taking that home, purchasing items in their local grocery stores, which is affecting the food production. it means farmers benefit, retailers benefit, it also allows individuals to have extra money, make sure they can pay for childcare, make sure they can pay for housing. and when you utilize snap, right, about $1 of snap is about $1.80 that stays in the