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than last year. still you have people out there looking for the cheapest gas they can find in their neighborhood and it is a welcome reprieve for consumers. yesterday we saw that those falling gas prices one reason why consumer inflation looks to have moderated a little bit in the month of july, we have producer price inflation, that is a factory-level gauge of inflation that comes out at 8:30 this morning. >> i will certainly take it if it's going to be, what, $3.70 versus $5 a gallon in the near future. thank you for that. the other major news this morning, reports that point to ...

$4000 a year in income since the president took office. lucas tomlinson's life for us in wilmington, delaware with the very latest, lucas. >> good afternoon aishah. the dow is down below when present biden took office inflation is up 40 years i the s&p 500 is down 17% this year for president biden's top economic advisor acknowledging the squeeze many americans are feeling. >> food prices are to hyperinflation is still too h high. the president understands that because his whole focus is defending working families. he knows even with the stronger job market, lower unemployment, he kno...

return to the campaign trail. cnn's joe johns joins us from the white house. joe, what does biden have on his agenda for this week? >> battleground states. he's about to go to wisconsin, pennsylvania, also ohio to a groundbreaking for a semiconductor plant there. a huge $20 billion semiconductor plant. so this time of year the labor day weekend is traditionally the time when campaigns start bearing down. the voters start focusing on the candidates. joe biden's name, of course, nowhere on the ballot. but the fact that he's going to these three battleground states tells you a little bi...

>> education, that's a big thing and we are throwing money everywhere else. >> prices and gas and food, export, import. >> equal opportunity housing, affordable rent. >> all the crime, drugs coming in to the country. a major issue in the current administration blows over it. >> used to be a democrat all my life. now i changed over to be republican. >> the emphasis everybody has on we should be happy and get what we want is crazy so the legislation is so biased toward people who complain about stuff and think they deserve something when really it's the whole country that needs somethi...

>> education, that's a big thing and we are throwing money everywhere else. >> prices and gas and food, export, import. >> equal opportunity housing, affordable rent. >> all the crime, drugs coming in to the country. a major issue in the current administration blows over it. >> used to be a democrat all my life. now i changed over to be republican. >> the emphasis everybody has on we should be happy and get what we want is crazy so the legislation is so biased toward people who complain about stuff and think they deserve something when really it's the whole country that needs somethi...