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summer and that was problematic. >> cheryl: retail gasoline prices in summer normally tick higher, complicating factor end of zero covid policy in china means more demand for oil coming out of china, that story has the markets rocked this morning. >> ashley: now mcdonald's is closing a couple offices. >> cheryl: they are closing all their u.s. offices this week as the company is preparing to send out layoff notices. the company sent out this e-mail informing employees everybody has to work from home today, monday, to wednesday, so the ceo saying some jobs that are existing today are either going to get moved or the jobs may go away. no word on house minority leader jobs will be cut.
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alerted at 9 a.m. pacific time. cheryl casone is here with the breaking details. >> cheryl: i don't think we need the question mark at the cleaning house today, guys. they are bracing for layoffs and he is cleaning house for sure, layoff notices are coming today. the company notifying staff, in effort to place twitter on healthy path, we will go through the difficult process of reducing global workforce on friday, this will impact a number of individuals who made valuable contributions to twitter, this is necessary to guarantee success moving forward. several key executives were let go last week when musk took over and he dissolved the board of directors. it begins 9 a.m. pacific time, everyone will get an e-mailed titled your role at twitter.
now received layoff notices and have reduced hours. so i expect the president to go into south korea and tell the south korean government they need to stop dumping into our market. 78% of the dumping it or the still coming into the u.s. is coming from china and south korea. we just set a record this last two months of steel coming from south korea and other parts of the world into our market in two months. last year we had 32 million tons in. if we keep this trend up, we'll be close to 40 million tons. this is destroying the american steel industry. >> it's destroying the american steel industry, so you're going through layoffs, going through reduced hours, correct? >> that's right. >> so -- >> and the reality is -- sorry, go ahead. >> go ahead, go ahead, the reality is, what? >> the reality is, more and more people are losing their jobs, and as i said before once, the steel pipe doesn't come out of a furnace as a pipe, it comes out as steel, so if you're not
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initially, teachers at schools that are closing would be transferred, but last week, that same reform commission approved a budget so tight it left a $300 million hole which in turn left philly's school superintendent with a very difficult decision to make. >> late this afternoon, school superintendent william hite detailed who will get pink slips. in all, 3,783 workers are getting layoff notices. that includes 676 teachers, 769 assistants, and the largest group affected, more than 1,200 aides. >> all of this is the result of something that took place a little more than a year ago when pennsylvania's republican governor tom corbett who is my own dark horse pick for maybe the worst governor in the country, along with the gop-controlled house of representatives, cut statewide pre-k through 12 education budget by $961 million. a 12% cut in education. and i bet you can guess what part of the philadelphia community will be
the commission said they needed to close nearly 10% of the city's schools in order to erase a budget deficit of $1.35 billion over 5 years. initially, teachers at schools that are closing would be transferred, but last week, that same reform commission approved a budget so tight it left a $300 million hole which in turn left philly's school superintendent with a very difficult decision to make. >> late this afternoon, school superintendent william hite detailed who will get pink slips. in all, 3,783 workers are getting layoff notices. that includes 676 teachers, 769 assistants, and the largest group affected, more than 1,200 aides. >> all of this is the result of something that took place a little more than a year ago when pennsylvania's republican governor tom corbett who is my own dark horse pick for maybe the worst governor in the country, along with the gop-controlled house of representatives, cut statewide pre-k through 12 education budget by $961 million. a 12% cut in education. and i bet you can guess what part of the philadelphia community will be disproportionately affected by school closings.
a budget deficit of $1.35 billion over 5 years. initially, teachers at schools that are closing would be transferred, but last week, that same reform commission approved a budget so tight it left a $300 million hole which in turn left philly's school superintendentt with a very difficult decision to make. >> late this afternoon, school superintendent william hite detailed who will get pink slips. in all, 3,783 workers are getting layoff notices. that includes 676 teachers, 769 assistants, and the largest group affected, more than 1,200ç aides. >> all of this is the result of something that took place a little more than a year ago when pennsylvania's republican governor tom corbett who is my own dark horse pick for maybe the worst governor in the country, along with the gop-controlled house of representatives, cut statewide pre-k through 12 education budget by $961 million.
about white house tourists. if you look at the 6:00 news, they are talking about people getting furloughed from jobs, layoff notices, kids getting kicked out of head starts. those are real exaimpacts. we're going to create fewer jobs because of this. 750,000 jobs this year. economic growth will be reduced. there were a bunch of estimates that came out today all because of the sequester. >> you mention ed the white houe tours chrks have got an lot of press. you mentioned the other things. obviously most people haven't felt it yet. and the white house tours have become a big issue and talking point. . this week it was brought up repeatedly. here's a little touch of it. >> mr. president, maybe we could have cut the robotic squirrel before we went to white house tours. >> now he's decided to shut down