Consumer Sentiment Hit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and even more so, about the 77 minutes of inaction that the video shows. plus, in some big cities there will no longer be a starbucks on every corner. the coffee giant is closing several locations but not because of slow sales. is this about working safety or is it about unionization? >> welcome to "the lead." i'm jake tapper. we start today with our money lead and horrible news for your wallet. new data today released by the biden administration shows inflation surging to 9.1%. that is the highest level in more than 40 years and it means the prices we pay over all are 9.1% higher ...

>> i get paid tomorrow, and already my whole paycheck is spoken for. plus, adjusting for inflations. how surging prices are forcing some to make very tough choices just to make ends meet. welcome to your "new day." we are thrilled to have you this sunday, july 17. the days just keep slipping away. >> boris, i am so sorry, i'm having a tough time hearing you but good morning to you, boris, and good morning to all of you at home. unfortunately, we begin with a very sad story this morning. that search for answers in the tragic shooting at robb elementary school in uvalde, texas. hou...

>> reporter: consumer sentiment hit a record low as new polling shows 42% of americans are struggling to remain where they are financially. nearly double from a year ago. and 85% think the economy is getting worse. >> especially after covid nobody has money for anything and everything goes up higher and higher. >> reporter: it's forcing families to make brutal decisions. >> do you want to eat or drive? >> reporter: some foregoing bills or medication, others turning to assistance programs like food banks. >> we have seen skyrocketing numbers of people needing food and, unfortunately, we're not ...

Investors happy to see reports that the economy is continuing to improve, and consumer sentiment hit a six-year high. shares of jcpenney slid after the retailer reported another massive quarterly loss. maybe it's you. almost half of americans are not invested in the stock market at all, and so if you are not benefiting from the gains, maybe you are trying something on the jackpot. it's the biggest jackpot for powerball. what would you do with all of that money? let's bring in our personal finance and financial correspondent. zane? >> reporter: it's powerball mania over here in new jersey whe...

Percent. the s&p and nasdaq both up about 2% at the close. you can think the eurozone for much of that bump. the ecb president reportedly in talks to help refuel the euro. at home, shoppers not in the mood to do their thing. consumer sentiment hit its lowest level this year. and facebook spent the day trying to dig itself out of a hole. stock prices plummeting as question swirl about its virtual future. that's it for cnbc, first in business worldwide. now back to "hardball." welcome back to "hardball." u.s. congresswoman michele bachmann, who was invented here i think calls to look whether...