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alone. and they're expected to rise even further as we reach peak summer travel season. the high prices also driving inflation to the highest level since 1981. the consumer price index jumping 8.6% in may compared to the same time, same month last year. now the white house calling that staggering increase uncomfortably high. cnn's christine romans has more now on these troubling new numbers and how wall street is reacting. american consumers are still feeling the pain of higher prices for just about everything, but especially at the pump. look, the may consumer price index, that nu...

feel any significant relief at the grocery store or gas pump. fuel costs just hit another new high, $4.40 a gallon on average for the first time ever. >> cnn white house correspondent jeremy diamond is traveling with the president. jeremy, the president gave a speech about inflation yesterday. today it's supposed to be more about food supply. what can we expect? >> reporter: yeah, victor, but inflation will still be very much top of mind for the president as he addresses this dueling issue of rising food prices, as well as this global food shortage. part of it sparked by the war in u...

Most vehicles. Organizers urging them to conserve food, water, and fuel. The investigation this morning after one person died. The latest on the ground, and when they may finally be able to leave. George extreme heat seven states from minnesota to new jersey under alerts. The records forecast to be broken today. Plus deadly rip currents at the beach, the threats up and down the east coast several swimmers rescued in rough surf, and people forming this human chain, the conditions right now. Rebecca heading Home Millions taking to the skies after the Holiday Weekend capping the busiest summer on...

Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back...

Out what inning it is in. What inning are we with the weight loss drugs or electric vehicles . We are clearing the final inning of the nelson proxy fight for board seat. It is dizzy because he did not get the votes but he could pick up a full million in profit. That inning game that bothers me the most is, what inning are we in the Artificial Intelligence whom . For the last few days weve seen everybody coming down in the ai space. People arguing because the declining stock prices we are in the late innings of the story and perhaps it was all done to begin with. Fortunately it was not enough t...