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Next year, the minimum wage in California will increase to $15.50. Some Santa Maria businesses are bracing for the added expense.

Something that would see them the way through. >> carley: a lot of people say for them elections are really going to be all about the economy. obviously, we are talking about gas prices at a record price of $4.40. there was a recent report thateo living paycheck to paycheck right now. and because of inflation, americans are spending an extra $5,200 a year. how is inflation impacting you and your community? >> well, honestly, as much as i'm on the road now, if it weren't for the fact that i work for an employer who covers my gas mileage, it would be -- i don't know how most people can make it r...

Session. nasdaq is down 149, substantial moves, market closed since friday due to president day holiday. oil prices have been very volatile and crude is higher that morning, above $95 a barrel, about $95.50. 5% jump this morning. that of course is going to have direct effect on gasoline prices already. white house officials preparing for possible spike in gas prices from strategic petroleum reserve. russia could limit oil reserve further pressuring global energy market. we've been talking about sanctions, russia has a hand to play here besides the military one. the other play. >> carley: warni...

Probably even beyond that. california could reach $5.50 and even could near the $6 a gallon mark. >> that was nbc's tom costello reporting. >> coming up, someone who covered a lot of global conflicts in his long career. acclaimed news man sam donaldson joins the conversation next on "morning joe." e conversation nen "morning joe." ♪ ♪ feel stuck with student loan debt? move to sofi and feel what it's like to get your money right. ♪ ♪ ♪ ♪

The government. ukrainians are never going to go for it. in the end, he's not gonna win. we should be doing everything -- >> brian: but he's carving up a country. >> he is absolutely carving up a country. that's why we should give maximum pressure against putin. we should give them any breathing room. the idea that biden would exempt energy companies, honestly, i can't comprehend that. >> steve: well, when you think about it. he spent about $13 billion a day they are estimating on this war. we are giving him about a billion dollars a day to fund the war by buying its gas. but if joe biden got ...