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Fed official say it is likely interest hikes could stay at 25 basis points rather than something bigger. all three indices are on the way to a positive week. and citigroup announcing that it will cut hundreds of jobs across several divisions and mortgage rates climbing for the fourth week in a row. 6.65%. and gas prices rose two pennies, $3.37 a gallon. tesla announcing plans to expand production and build a new plant in mexico. but shares fell nearly 6% after elon musk failed to offer details on a new generation of products during investor day on wednesday. and who was watching that investo...

Here i'd call that, stocks fell as bond yields rose. economic news coming in strong meaning inflation and interest rates could stay higher. mortgage applications fell to 28 year lows as home buyers are pulling back there. on inflation watch, gas prices rose a penny overnight, $3.37 a gallon. and jobless claims are expected to stay below 200,000 for a september weeseventh week in a . and it is tax time and your return might look different. first expect a smaller refund.m. and it is tax time and your return might look different. first expect a smaller refund. many tax breaks have changed. fo...

Decline in the nasdaq. it was a strong week overall, and a strong start to 2023. the s&p , let's see, we're watching down markets there. nasdaq up 3%. five-week winning streak there. shockingly strong jobs report friday has investors worrying what the next fed hike move is. and next this week, we'll get more information. from jerome powell, state of the union address, and weekly jobless claims. another week of big earn, pepsi, uber slated to report. inflation, gas prices falling a penny, $3.37 a gallon. let's bin in ken robach. ken, nice to see you. what do you make of that jobs report friday?...

Gallon. so, i hate to say this, i think the inflation problem is not behind us, its in front of us. >> sandra: nobody likes the high gas prices, the national average, 3.37 currently, that is up from a month ago, and up significantly more than a dollar from a year ago. what the consumer is dealing with, and what the voter has in front of them. we are seeing inflation is hottest in 2022 battleground states, continuously increasing consumer price index is worrying swing voters. you are seeing this reporting happening across the board. does that worry you as a democrat, robert? >> what worries me ...

Of a hole. that report is out at 8:30 a.m. we will break that on "new day." >> now to the price the at the pump. opec stays the course. agreeing to add 400,000 extra barrels of oil to world supply in january. this is a really closely watched move from capitals around the world. demand is surging for oil. the u.s. and its allies had asked opec plus to release even more when the cartel did not, the u.s. and nations released millions of barrels from their own strategic reserves to try to cool off gas prices. in a statement, opec plus said it is ready to make immediate adjustments if required. the...