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CNN News Central

with information obtained by hacking his phone or other illegal means. some bad news for drivers. the energy department is predicting that oil and gas prices will rise next year because of saudi arabia's decision to slash oil production and an agreement to extend its output cuts. the department boost ed its forecast for oil prices by 14.5% for the third quarter of 2024 and now it expects gas prices to average $3.38 a gallon. that's up by 7.3%. so this morning, we are getting new reaction from golfers following the shocking announcement that the pga tour and the saudi-backed liv golf tour will merge. we're hearing from the likes of mega stars including rory mcilroy, who have been severely critical of liv throughout the year. liv golf is bankroll ed by saud

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Fox News at Night

of the most popular menu items is chicken wings. you guessed it. the national chicken council estimates the americans will eat 1.5 billion chicken wings this weekend along. native grown wings restaurants in phoenix say their sales this week are up to 400% higher than usual. >> who doesn't want to have wings on a super bowl sunday, right? so native grown wings, we'll probably go through about 65,000 to 70,000 wings this week alone. >> gee, wow! good news is the chicken wing that cost you $3.38 a pound last year are down to $2.65 a pound! avocados for that guac will run you 20% less than last year. that said, overall food prices as you know have been on the rise for the past 25 straight months with overall grocery prices up 12%. cookies are up a whopping 18%. that hurts. other party favorites, alcohol

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Early Start With Christine Romans

after dow fell 6 or points. nasdaq 7-day 20 straight and appeared december retail filled most of the year. inflation has consumers pulling back a little bit. inflation wholesale pump gas prices to pennies overnight, $3.38 a gallon. jobless claims figures to out this morning 8:30 a.m. eastern time. bring in strategists and principal asset management. good morning, nice to see you. >> good morning. >> so, inflation looks like it has peaked, that's a good thing. but the global recession fears are still very much alive. square those two things if you will. >> sure. as you said, inflation is peaking, good news. decelerate through purpose of 2023. after member inflation coming down naturally because improving supply chains. starting to improve as well. one of the recent inflation, down is because economy is

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Breakfast

will pay an extra £63.38 in tax, very detailed. by way of comparison, that means it would be £1552 more per year than someone on the same salary elsewhere in the uk, does that sound right to you? yes. salary elsewhere in the uk, does that sound right to you? yes, that is the right — that sound right to you? yes, that is the right order. _ that sound right to you? yes, that is the right order. the _ that sound right to you? yes, that is the right order. the reason - that sound right to you? yes, that is the right order. the reason we i is the right order. the reason we have taken this decision is to make sure we are able to raise the funds necessary to invest in public services at such a critical time, given the turbulence we face, the levels of inflation we are wrestling with and the huge damage that has been done to public finances by the kwasi kwarteng budget in september and all the implications that has. we have asked people on higher incomes to pay slightly more in taxation as part of proposals for next year. also to invest in the national health service.- national health service. your manifesto — national health service. your manifesto pledge _ national health service. your

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Early Start With Christine Romans

brink of recession with a very real possibility of a catastrophic default. hang seng reversed some of monday's gain. they eased some covid test requirements. on wall street stock index futures are pretty much narrowly mixed here after a down day for stocks. 482 points off dow. s&p and nasdaq fell more than 1%. a strong batch of economic news says higher rates are here for longer and a survey from the business roundtable shows ceos more cautious amid persistent and global economic headwinds. on inflation watch, gas prices fell another two pennies sitting at $3.38 a gallon. let's bring in harvard economics professor ken robof. so nice to see you. we've been seeing hopeful signs that inflation might be peaking. what do you think about wages? strong wage growths and strong

Recession , Covid , Possibility , Hang-seng , Gain , Brink , Default , Test-requirements , Stock-index-futures , Wall-street , News , Rates

CNN Newsroom

economy. so far energy markets taking the latest moves from the west and europe in stride because it's not just this embargo by europe, it's also a $60 price cap imposed on russian oil by the west and the united states. the goal of course is to punish vladimir putin, deprive him of some of the revenue from oil that he's using to finance the war in ukraine. but it's a delicate balance because they don't want to punish him so much that he takes his ball and goes home by slashing oil production because that would hurt everyone, including u.s. oil consumers by reducing supply. so far so good and that means that we'll continue to see gas prices continue to go down. the national average $3.38 a gallon. not just 42 cents in the last month but almost exactly to where prices were a year ago. just two cents higher than 12 months ago. again, pretty amazing given everything that's happened and this is giving consumers a well deserved boost after a year of very high energy prices. >> i'm going to take that good news and run with it.

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Things to do this weekend in and around San Antonio: Poteet Strawberry Festival, Earth Day, Morgan Wallen

Highlights include Poteet Strawberry Festival, Earth Day.

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New Day Weekend With Christi Paul and Boris Sanchez

>> reporter: good morning, christi and boris. the dream of home ownership is remaining just that for a growing number of americans, that's as home prices and mortgage rates move higher. a report from real estate firm adam finds that home prices rose 10% from a year ago. the report tracked home prices in about 60% of counties in the u.s. and found that a median price single-family home was less affordable than historical norms in the majority of the counties that were analyzed. that's as the average rate of a 30-year fixed loan hovers just below 5%. over the past week, mortgage news daily showed the rate crossing 5%. it may want sound like much, but if you're buying a big-ticket item like a house, a higher interest rate, it does make a difference in your monthly mortgage payment. a year ago, the rate on a 30-year fixed mortgage was just 3.38%. even as the pandemic wreaked havoc on much of the economy, home buying recovered quickly

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Tucker Carlson Tonight-20211204-01:13:00

>> look everything out there is filling the pain at the pump. nationwide gasoline prices are up well over a dollar per gallon ever since biden first took office but one democratic organization out there says we should be thankful that the price recently dropped by about two cents. take a look at this absolutely ridiculous graph right here. this was put out by the democrat congressional campaign committee where they praised the president with a caption, thanks joe biden. at first glance it appears to show a steep drop in the price of gas for one week late in november. tyke a closer look. they scratched out the y axis. that steep decline that you see in reality is a drop of less than two pennies. it went to 3.38 per gallon. they were absolutely ridiculed pretty much immediately.

Office , First , Everything , Gasoline-prices , Dollar , Pump , Pain , Organization , One , Democrat , President , Joe-biden

Tucker Carlson Tonight-20211204-06:13:00

bill. >> everybody out there right now is feeling the pain at the pump. gas prices are up well over a dollar a gallon ever since president biden took office. one democrat organization says we should all be thankful that the price recently dropped by about two sense. look at this ridiculous graph right here, put out by the democrat congressional committee where they praised joe biden. it shows a steep drop in the price of gas over one week in late november. take a closer look at the left side of the graph right here. they will show exactly what they did here. they stretched out the y-axis to show fractions of a cent in tiny little increments bid that declined you see in reality is just a drop less than two pennies. it went from $3.3295 per per gan to $3.38 per gallon. you imagine, ridiculed immediately for this right her.

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