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Saudi arabia. it s part of it. this idea that global growth won t be so growth. what fuels growth? oil. shepard: oil down is good for the gas pump prices. good for americans. everyday folks ought to be happy. and the other thing, big banks are down. this is confounding. we got a positive report on inflation meaning that inflation was not as high as we thought it was going to be. shepard: great. banks make money in a high inflation environment. not so much now. you know, the big names, the red banks, the blue bank, they re all struggling today about 3% down. i m talking about j.p. morgan chase shepard: for people on fixed incomes, they ve been waiting for a place to put money. treasury bonds, close to 3% over three months. that s better than we ve seen in a long time. so you have to think that the products for sabers will improve as well over time. they haven t done that much yet. we re expecting to see more and ....
Thanksgiving, and the good news is that drivers should pay the lowest gas pump prices in seven years. more than half of u.s. stations are selling gas for less than 2 bucks a gallon. and pump prices are down 75 cents compared to this time last year. still to come in the newsroom, french police say a second terror attack was just hours away before it was thwarted. that and new details about another suspected terrorist on the loose next. (vo) some call it giving back. we call it share the love. during our share the love event, get a new subaru, and we ll donate $250 to those in need. bringing our total donations to over sixty-five million dollars. and bringing love where it s needed most. love. it s what makes a subaru, a subaru. ....
well, i like pipelines over like using trains to move oil like we saw the problems in canada just recently. that doesn t deal with the issue that we re already doing basically all we can to keep our gas pump prices as low as we can. so they might go higher with the global disruption like in egypt, but the prove of this is there is no country with cheaper gas prices that isn t an opec nation that isn t america and, moreover, compared to our reserves which are like a tenth of saudi arabia s, we re about to produce more than saudi arabia. there s no country that produces more oil compared to their reserves than america. awe the other countries produce less oil and they have more to produce. so we re doing a good job, people. john, take him on. i love jonas. he s my friend, but he s completely wrong. look, the monterrey shale might be a big portion of saudi arabia in california. that takes away the california deficit. we re not sticking one drill ....
That nobody s read. [laughter] so, but it s a strategy, is it not, to sort of just keep a straight line, you don t have to dazzle, just don t, don t mess it up. he just wants to be that ford taurus that people look at and say that s a reliable car that s going to get me where i m going. he doesn t want to be a jaguar, he doesn t want to be something that makes your heart pound, he wallets to be something that s reliable, that you know and has good gas mileage. [laughter] megyn: thanks, chris. i love it when we do the car analogies. they work. thank you, sir. [laughter] well, we ll be watching these reports, and we re going to bring this to you. we also have some mixed news on other important parts of the economy. food prices have remained flat with grocery costs slightly down, but restaurant prices a little higher. at the gas pump prices have tumbled, about 40 cents from their peak in april according to aaa. the current national average is now $3.53 a gallon, but you can expect tha ....
Give president obama negative rate ogh economy. only 38% approve of his performance. why? the story is gas prices, two-thirds of americans, 65% say they disapprove the way the president is handling gas pump prices and 26% approve. chief political correspondent, by ron york joins us. these numbers, are they as stunning as we look at them as they look to me. they are really bad for the president. i think the reason they are bad, listen to the republican candidates. they are tying the rising gas prices to specific actions by obama and his administration. it s not just some uncontrollable outside force. they are saying that gas prices are rising because things the administration has done, not pursuing the pipeline. shutting down drilling in deepwater offshore areas. not pursuing more exploration in ....