analysts blame the heat and cuts in oil production. a year ago a gallon of regular unleaded cost $4.36. potential u.s. strike has been called off for now. the shipping giant and teamsters have reached a tentative deal on a new contract. amongst the issues raised were air conditioning for delivery vans, demands for significantly greater pay and closing of pay gaps between workers. the tentative agreement still needs to be ratified by about 340,000 u.s. teamsters to end the threat of a strike all together. ceo of one of britain s biggest banks resigned late tuesday night after admitting that she leaked financial details about brexit campaign and nigel farage. she said she made a serious error of judgment by discussing it. last month farage revealed he had been dropped by a dmajor
the president put out real wages for the average american worker higher than it was before the pandemic, with lower wage workers seeing the largest gains. that s bidenomics. he s taking credit for what s not actually happening. january 2021, $11.39 an hour was the average hourly earnings. as of june 2023, $11.03. that is lower. the change is $0.36 per hour, a drop of over 3%. both of you know this, the economist don t speak in nominal terms, they work in real terms. it s adjusted for inflation. even if we happen to be going up, and inflation is going up faster, that s why we are all poor and losing money. if you think about the way economics works, it s on an inflation adjusted basis. i like how you put it, he s taking credit for things that didn t happen. the sad thing for him, of course, nobody buys it
that a lot of may be people are with. husbands that practice brutality. david: she was asked at the time why she stayed so long. i felt responsible. i felt that i couldn t leave because too many things would be destroyed. david: the documentary tina on hbo just two years ago. i had an abusive life. there s no other way to tell the story. david: telling the story of how she got out of that marriage, famously leaving with nothing. $0.36 in her pocket and as she would say, a gas charge card. so i said i ll just take my name. ike fought a little bit because he knew what i would do with it. and it was through court then i got it. tina. there something on my mind david: she would fight to get the name tina turner she said was hers. with young sons she struggled to redefine her career as a solo black female rock star and then
the single was produced by phil spector, who called her singing hurricane alto. by 1969, ike and tina had albums and 16 singles to their credit. 1971, rendition of proud mary. proud mary keep on burning the single topped the charts, earning them a grammy and pushing them to super stardom. from movies to mega stages all over the world, performing was always easy for turner, but life was not. she later told reporters that ike beat her, saying i didn t fear him killing me when i left because i was already dead. after ike beat her badly in 1976, she took off, with $0.36 in her pocket, a friend bought her a plane ticket, flew to los angeles and never looked back. when tina divorced ike in 1978, asked for only one thing in the settlement, her name, tina
china s factory activity expanded at the fastest pace in more than a decade. stock index futures bouncing a little bit. yesterday stocks extended their february losses for the month the dow fell more than 4%. the s&p down almost 3%, nasdaq down more than 1%. consumer confidence fell for the second month in a row dragged by inflation and recession worries. new this morning general motors is cutting several hundred salaried jobs part of gm s plan to slash $2 billion in costs the next couple of years. gas prices steady, $3.36 per gallon. and back to real estate. u.s. home prices falling for the sixth month in a row down 0.08%. housing market cooling rising mortgage rates cold water in what was a red hot market in the past few years. let s bring in in bess friedman.