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>> cheryl: or proseco or cavet. inflation hit wine and champagne industry, average wine price in 2021 was $13.34. it is champagne prices we have seen over $5 jump, if you will. supply chain, a lot of ships stuck off the coast of california were full of wine bottles, a lot of supply for the wine bottles come from ukraine. there is a lot of hits to the industry, they couldn't get bottles and older vintages are more expensive. i am that kind of lady, i'm going for value for new years. >> todd: what will you and the baby be drinking?

As americans are seeing some relief at the pump, gas prices continue to drop. they're now lower than they were one year ago. the national average is $3.33 cents per gallon compared to $3.34 this time last year. in tonight's "money watch" cbs' kris van cleave reports that despite falling gas prices, americans are still being squeezed by inflation. >> reporter: how low will they go? plummeting pump prices below $3 at this atlanta-area gas station thursday. how much are you saving with gas prices down? >> oh, i save a pretty penny. >> reporter: after reaching an all-time high of $5.02 this summer...

National gas price average is $3.77, in alabama, $3.36, $3.34 in louisiana. jason, if people like jamaica are struggling to afford gas and groceries, how can they spend any money with you? >> it is going to be very hard. we are starting to see areas are slowing down, families are having to make a choice. last year this time i was paying $20 for eggs and now it is $50 per case for eggs, we are seeing costs that have risen for citizens. >> todd: voters trust the gop to handle top issues like inflation and rising crime fchl we see the red tsunami, do you expect your

What are you seeing, christi? >> michael, stocks across the asia-pacific region are in the red. this, after russian president vladimir putin ordered troops to enter those breakaway pro-moscow regions in eastern ukraine. let's bring up the picture for you and it's portrait across the region in red and if you can hook at the hatest data, we will bring it up on the screen. we have been monitoring the nikkei in japan, as well as other markets. you see, the nikkei is down 1.8% here in hong kong, down 3.34%. seoul kospi down 1.7ers. shanghai composite down 1.4%. more tech-sector restrictions are als...

One indiana metal factory has lost more than 7% of its workforce in the last two weeks and the ceo who is joining us right now j.d. brown is the ceo of bci solution. j.b., the reason people are leaving is because they can't afford the gas. >> that's one of the reasons, steve, good morning and happy wednesday. you know, a year ago we were at $2.70 a gallon. a.a.a. standards for south bend, yeand indiana, that's increased to $4.26. just a month ago we were at 3.34. a 22% increase in prices in gas. in 2008 we learned a valuable lesson. we were rocking and doing great job. we had a great economy d...