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This july 4th? >> nice to see you, too, brianna, and, yeah, it is more expensive than it has been in quite some time. the may inflation reading of course showed prices higher than we've seen them in four decades and specifically to break it down we've got gas prices at $4.84 on average, about $1.72 higher than just last year. the price of everything from your hotdogs and hamburgers and chicken wings to beer is up. survey from wells fargo and the bureau of labor statistics says the average cookout for ten people is costing about 11% more than last year. when it comes to those fireworks, the pri...

Prices soar. right now you pay on average $1.72 more than this day last year so despite those high gas prices a lot of travellers will have a getaway but might not go as far as they would have because of the gas prices. >> thank you very much. griner's trial is finally under way in russia. we have an exclusive interview with her wife with a plea for the biden administration. when moderate to severe ulcerative colitis persists... put it in check with rinvoq, a once-dai pill. wh uc got unpredictable,... check. when uc held me back... i got lasting, steroid-free remission with rinvoq.

The inflation. and he is worried about unwinding the huge bond portfolio. during the covid crisis, the fed bought up securities to cushion the financial system. called quantitative easing. qe in wall street speak. now it is selling them. tightening, qt in wall street speak. something that we've never done before. dimon said that people will be writing about this in the history books for 50 years. in may he warned about big storm clouds. now he is downgrading his forecast and warning about a hurricane. and overnight, we saw gas prices a record up another 3 cents, $4.72 a gallon. there is really...

As this riot is playing out, what he was doing, that is the piece we know the least about. the least public information has been available about, there is a lot of information about the house and about the congressional leaders and some aides in the white house, but exactly what trump was up to, what he was saying, i think is going to be incredibly important and i think we will be learning a lot more about that in the come weeks. >> on another note, gas prices, $4.72 a gallon, which is very high. >> that's a lot. >> president biden asked about this basically all the time. yesterday at the whit...

Skyrocketing even higher here in the u.s. >> we're coordinating with major energy consumers and producers. we're prepared to deploy all the tools and authority at our disposal to provide relief at the gas pump. >> no relief right now. gas in california hit a record high of $4.72 a gallon. many analysts say $5 a gallon is months away if not sooner. by memorial day you're looking at a $4 average likely for the average. tends to rise in the springtime but all of these other geopolitical issues here. >> just when people are hoping to get out. covid is subsiding. >> exactly. still ahead for you, ...