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If the democratic leadership is lucky some sort of covid aid for therapeutic, vaccines and tests for a potential next wave. i would just add one thing to that. manchin basically told the leadership they can roll the dice, wait until august and is he where inflation is and then maybe if they re lucky then, manchin would consider some climate provisions at that point. of course they ll be nowhere near what democrats want but that s not really a risk that democrats are willing to take. i would say at this point it is dead in the water. that doesn t mean something can t happen but based on talking to joe manchin every day for the last two years i would say it unlikely. jake sherman, thank you very much. just so you know, i was referring to insanely cool. that s what people say about me. i would say you re insanely cool. i think so. jake, thank you very much. the president is about to announce executive actions on climate change. we re going to go there. and just a moment ago, the fir ....
Things differently they were when gas was cheaper? sadly, on the very low income part of the spectrum, that s where people are really, really hurting on this. there s just no room in their budget. the purchasing power is hurt. you saw in retail earnings, the big box stores and retailers, you start to see those little signs that the paycheck-to-paycheck consumer was starting to feel the effects of the higher gas prices. if you have to drive your car to go back to work, you really don t have any other choices there. jamie dimon, the ceo at jpmorgan, he was warning about hurricane on the horizon last week. he also said consumers have six to nine months of spending money in their pockets still. they re still kind of flush from all that covid aid. he said there s about $2 trillion still floating around. that s the cushion for now. the question is, is the peak in inflation overall in? a lot of people hope it is. but energy could still be the wild card because of russia. vladimir putin, of ....
Are still spending like crazy. they are in a better position today than after the financial crisis of 08/09. jamie dimon says they have another 6 or 9 months of pocket spending because of all the covid aid. but he says the economy is being distorted by inflation. fastest price increases in 40 years. and inflation of course is the result of the economy roaring back after the covid crash. supply lines are still tangled. energy prices are surging. putin s invasion of ukraine one of the factors die modimon is s concerned about. he says wars go south and oil prices could go as high as $150 or $175 a barrel. and he said brace yourself for destructions in the grain and wheat markets too. the war means suffering around the world. and then there is the federal reserve already trying to cool ....