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Morning. >> thank you. well, president biden sharpening his attacks on republicans, accusing some in the gop of hypocrisy when it comes to supporting the police. we'll discuss ahead. and we're also moments away from the opening bell on wall street. futures up slightly this morning after a third straight day of losses. investors still focused on fed chair jerome powell's remarks on friday. oil prices also falling pretty sharply yesterday, down 5%. the national average for gas dipped to $3.84 a gallon, according to aaa. that's down five cents from a week ago, sharply lower than that record $5....

Could be several winters of gas shor shortages. and a cluster of covid-19 cases proc prompted closure in southern china. and wall street futures looks like a solid rebound for the do you have after investors fell a lot on monday. and nasdaq ended the day down 1%. and stocks have those dived since jerome powell's hawkish speech last week. but average cost of a gallon of regular is now $3.84. and today a couple consumer con reading. and interest rates are sure to keep riding. it is a lot. and let's bring in floyd.

Current business conditions are good. that's up from 16% in july. all this is a big deal because consumer spending is the main engine of this economy, and if it breaks down, all bets are off. now, no coincidence that this rebound in consumer confidence is happening at a time when there's signs that maybe the worst of this inflation crisis is behind us, including, of course, gas prices, right? the national average for gas is down 77 days in a row. in mid-june a gallon of regular was costing over $5 nationally. it is now $3.84. not cheap but certainly a big improvement. i think it's a little too...

Release of one million barrels per day for six months from our reserve. >> federal government analysts expect gas prices to average $3.84 a gallon in the coming months. actor johnny depp took the stand on tuesday in his defamation case against his ex-wife amber heard. we have the recap of the testimony. >> johnny depp testifying for the first time in his defamation case against his ex-wife amber heard. >> my goal is the truth. >> depp is suing her for $50 million. in a fair fax county virginia court. over a 2018 "washington post" opinion piece in which he wrote about her experience with domest...

>> yes. >> richard lui, thank you so much. appreciate it. all right. let's switch gears here for a minute. i want to talk about gas prices. and they could actually be dropping from their current levels this coming summer but still remaining quite high. so that is according to an estimate from the u.s. energy information administration. their new short-term outlook predicts that regular grade gas and retail diesel prices are going to average around $3.84 and $4.57 a gallon. that's respectively. so those estimates, the highest prices that we have seen since 2014 but still lower than they are now...