hi, there, live at msnbc headquarters in new york, it is friday, december 10th, and we start with that breaking news, we just got the latest numbers on prices and inflation, and to say the least, they are not good. consumer prices are up 6.8% from where we were last year. the highest jump in nearly 40 years. up 0.8% just from last month. for people trying to get a read on the economy, this is important. the cpi number has become the one to watch. even more than the jobs number, as inflation pushes americans to laser focus on their every day expenses. over the past year, the price of meat has gone up 16%, eggs are up 8%, milk roughly 5%. and the price of gas is up 58% over the past 12 months. i want to bring in nbc's michael a -- monica alba at the white