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As macro economic trends significantly worsened and it happened quickly here. an that is what they're really concerned about. so the ceo went on cnbc and was asked you could de a global recession, he deferred and then said, well, yeah, this doesn't por tend very well to the global macro environment here. so specifically asia and europe, they're compress businesses saw a reduction in packages. >> and mortgage rates, indicate what is ahead. last hour we had treasury secretary larry somers on with new day and he said they doesn't think they have peaked yet. >> because the fed will raise interest ...

At 2.87%. so if you were able to lock in those rates from a while back, you're obviously quite lucky. but, there's also been a lot of criticism against the feds, right, for i guess perhaps moving too slowly to raise rates. what is your thought on the housing market and if home prices will ever go down? >> well, what goes up usually comes down. i guess i can say that positive piece of news, butly have the negative as an economist. we always have the other hand. we did a piece on housing affordability and what we found is with higher prices earlier on, extremely high prices, higher than i believ...

Slowed. but anyone shopping for groceries is still feeling the pinch for every day oig items at the supermarket. that same data shows eggs cost 38% more this year than last year. flour is up nearly 23%. chicken, 17.6%. milk, 15.6% more expensive. severe drought and the war in ukraine playing a factor. but relief again at the pump, gas prices fell another penny overnight to $3.98 a gallon, more than 18 states now have. >> as below $3.75. and mortgage rates rising back above 5% after dropping below there last week. 30 year fixed rate mortgage averaged 5.22% for the weekending yesterday, up fro...

MANILA - Rome Dela Rosa scored on a game-winning triple with six seconds left as Magnolia scored its first win in the PBA Philippine Cup at the expense of NorthPort, 80-77, on Wednesday at the Mall of Asia Arena in Pasay City. Through Dela Rosa's heroics, the Hotshots evaded a huge comeback threat from the Batang Pier. Magnolia was ahead by as much as 17, 40-23, late in the second quarter, but NorthPort came alive in the second half and even took the lead before an up-and-down fourth quarter led to a 77-all tie. However, Jio Jalalon found Dela Rosa wide open from the left wing for the dagg...

Communications -- >> just the price of gas, and again, sometimes it seems almost crass to do this in the middle of a country of 41 million people being devastated. the current average is down from a couple of weeks ago but a year ago it was $2.87. janet yellen saying this will have economic consequences globally but including here in the united states. and that's what the president has to sell to the american people, it hurts, i know, but it's important. >> a lot trying to communicate to the american people, explaining why the gas prices are staying elevated. why it's more expensive when you g...