96 09 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U.s. tech giant not announcing substantial layoffs. but some analysts predict modest cost cuts could come next. looking at markets around the world, european markets are mixed. china will fully resume travel. big boost economically for the region. on wall street enindex futures e leading lower. yesterday was the best start for the year for nasdaq since 1975. and s&p gained more than 1%. but then there are a bunch of tech earnings after the bell. alphabet, apple and amazon all reporting disappointing results. and meantime mortgage rates fell for a fourth week in a row, 30 year fixed rate now ...

Prices right in the pits of their stomachs and the folds of their wallets. about $6.43 average per gallon, so this gas station behind me at $6.09 considered a bargain. people here telling us stories about how hard they're being hit, they're changing some of their summer travel plans, we talked to a 72-year-old woman, a career counselor, her husband retired, and they are now recalibrating how to take those 100, 200 mile day trips. >> we're curtailing a lot of what we're doing. not taking any even short trips like going up north to -- or down south to san diego. >>it it is crazy. it went up a do...

Paul, californians, they're supposed to be laid back, but they're not about these gas prices. >> reporter: no, they are not, jim, and in fact, they're feeling it right in the pit of their stomachs and in the folds of their wallets. look behind me, this is considered a good gas price here in los angeles. $6.42 is the average here in california. this is $6.09. why is it so high? california has a legendarily high gas tax, $0.50 per gallon. this tax used to improve those roads and infrastructure and californians almost look at it as a birthright to go on weekend road trips once the weather heats u...

A gas station in l.a. paul, how are people reacting to these very high gas prices in california? >> reporter: they're reacting with shock and they're in agony. if you look behind me, this gas station is considered a discount at $6.09 a gallon. as you articulated, here in california the average now, $6.42. what drives all of this, california has an extremely high gas tax at 51 cents per gallon. these taxes used to improve roads and infrastructure and whatnot. for these vendors we're talking to today, they're absolutely getting jackhammered by these prices. a family rental business, party rental...

Days. cnn's paul vercammen in l.a. as we enter the busy summer travel season. what are drivers telling you about whether or not they'll move forward with plans? >> reporter: well they're laying out tails of heartbreak and cutting back the day trips that you've been alluding to. if you look behind me at this gas station here in california. we're at $6.43 a gallon and this is considered a great deal at $6.09 a gallon. also diesel here and that is what our trucks use, our huge agriculture business in california relying on diesel a lot. $5.75 a gallon. and i talked to one resident, she beautifully...