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Early Start With Christine Romans

Early Start With Christine Romans
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CNN News Central

gas prices were basically going nowhere all summer and then, boom, this week we see the biggest increase in more than a year. the national average is now at $3.69 a gallon, up by 12 cents over the past week. now, i want to stress it is still a lot cheaper than it was last summer. gas prices are well below that peak of 5:02 a gallon last june. still they are going higher. oil prices are at three month highs as saudi arabia, russia and opec at large hold back supply. they are trying to boost prices and it is starting to work. also believe it or not, extreme weather plays a role here. refineries, just like humans don't work so well when it's 100, 115 degrees out. we've seen multiple refineries have to limit their production of gasoline, jet fuel and gas

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FOX News Sunday

hour of work. that's 40 plus% improvement. shannon: software restarted when he took office is chosen third incense account and out $3.69 since a gallon but we are still in less than two years and worse place. >> yes. it depends on what your benchmark is. so, if we were talking about a year ago or at its peak we had a barrel of oil of 120 a barrel. it is now i think 77 a barrel. we had gas north of $5.52 a gallon. now it's about $3.60 a gallon part we are moving in the right direction. i think that is the key thing with all of the stresses that american households have had to deal with the key factor behind 'bidenomics' is not only are removing at the right direction, we are doing it with a real speed while maintaining a tight labor market. as you know i've been in economist in this town for a bunch of years. i have never seen an economy where you get six points off of inflation, two thirds down

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FOX News Sunday

hour of work. that's 40 plus% improvement. shannon: software restarted when he took office is chosen third incense account and out $3.69 since a gallon but we are still in less than two years and worse place. >> yes. it depends on what your benchmark is. so, if we were talking about a year ago or at its peak we had a barrel of oil of 120 a barrel. it is now i think 77 a barrel. we had gas north of $5.52 a gallon. now it's about $3.60 a gallon part we are moving in the right direction. i think that is the key thing with all of the stresses that american households have had to deal with the key factor behind 'bidenomics' is not only are removing at the right direction, we are doing it with a real speed while maintaining a tight labor market. as you know i've been in economist in this town for a bunch of years. i have never seen an economy where you get six points off of inflation, two thirds down

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NIA's conviction rate touches 93.69 per cent

The National Investigation Agency's conviction rate stands at 93.69 per cent with the pronouncement of sentences for 10 accused in two separate judgements by Special Courts at Lucknow and Ahmedabad.

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Tripura records 13.69 per cent voter turnout till 9 am, says EC

Trpura recorded 13.69 per cent voter turnout till 9 am in the ongoing polling for 60 Assembly seats, the Election Commission (EC) informed on Thursday.

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Early Start With Christine Romans and Laura Jarrett

now $3.69 a gallon. the result of those rate increases, a jump in mortgage rates for the fifth week in a row. freddie mac says the 30 year fixed rate mortgage hit 6.3%. that's the highest since october 2008. up 6.2 last week and way above last year when it was 2.88%. the hike comes in the wake of another 75 basis point increase and mortgage rates have almost doubled since the year started. christmas. 92 days until christmas but it's coming early at walmart. the retail giant said it's starting the holiday shopping season at its stores and online as early as next month. it will start offering deeper deals and exclusive supplies of what it expects will be holiday hot sellers. cnn consumer reporter nathaniel myerson now. they're hiring, what, 40,000 workers? target starting to hire for the holidays. what's happening? >> walmart is hiring 40,000

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The Lead With Jake Tapper

maybe the fed can get the economy under control. to us, this seems like driving at 75 miles per hour but not knowing which way the road will turn. an accident seems inevitable. p pamela, let's hope not. >> not knowing which way the road will turn. as we know, uncertainty is what drives anxiety. you're seeing that play out on wall street. gas prices of ticking up ever so slightly after 98 days of falling prices. what's going on? help us understand this. >> the national average is ticking up $3.69. that is well below the peak at $5.02. oil prices plunging 5% today. the good news is that should drive down oil prices. the bad news is oil prices are down because of those same

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Velshi

elements on russian oil are causing prices to spike. they've been going down for many, many weeks in a row. >> 80 straight days of declines for gas prices. that is demand destruction to. we drove less when gas prices hit $5 again on average. out in california by the way, still above $5 a gallon. down in the gulf states, down in texas, almost $3. when we talk about inflation, the first thing people think about is gas prices because we have to fill up once or twice a week. this has been a relief for u.s. consumers and maybe one of the reasons that retail sales remain strong even though inflation is almost everywhere else in the economy. >> people drive but the same amount every week, if you pay more for that gas you are not buying it somewhere else. now you are getting a little bit of a back. $3.69 for a gallon of unleaded gas in self-serve, that is an average. this is not down, this is electricity, power generation. you still pay for that and we are not even in the cold months of yet. what is going on here? >> that is the flip side of the lower gas prices, you have higher electricity prices,

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Early Start With Christine Romans and Laura Jarrett

let's get a check on cnn business this friday morning looking at markets around the world. asian markets closed down. covid-19 outbreaks still dogging construction and manufacturing. europe also a lower tone early on. here on wall street stock index futures down here after this ominous warning from fedex raising new alarms about the economy. fedex parking cargo aircraft, closing offices, reducing sunday ground operations. fedex grappling with higher fuel and labor costs and package delivery weakness in asia. dow fell 173 points. s&p 500 nasdaq fell by more than 1% each. retail sales rose by 0.3%. unemployment dropped to a 3-month low. gas prices dropping again, now $3.69 a gallon. mortgage rates are highest since 2008. freddie mac averaging 6.02% this week, up from last week and more

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