if you do get canceled or delayed and you need to switch flights, it s a lot harder if your bags are already checked. also driving. 49 million americans will be driving at least 50 miles or more to get to their destination to see loved ones. in terms of the higher congestion periods, 11:00 a.m. to 8:00 p.m. on wednesday. thanksgiving, 11:00 a.m. to 3:00 p.m. if there is a silver lining, it s the gas prices. the average, according to aaa, is $3.66 compared to a week ago at $3.77, compared to a month ago, closer to the range of $3.82. a year ago, $3.41. still more expensive than a year ago but a bargain compared to recent months. people are buckling up, trying to see their loved ones and trying to make sure it s as smooth as possible. fingers crossed. back to you. that s right. we re all fingers crossed. turning now to the serious murders of four university of idaho students, a memorial service will be held today for
the world right now. asian shares all closed lower. europe has opened down to a grim mood around the world. stock index futures on wall street pointing to a lower open this morning. the dow ended the day higher after a stronger than expected gdp report. the s&p and nasdaq fell, a tech wreck. widely held amazon and shares of meta crashed to their lowest level since february of 2016 wiping out years of gains. the one bright spot, apple reported record revenue for its quarter. mortgage rates topping 7% for the first time since 2002. 20 years. gas prices held steady overnight at $3.77 a gallon. let s bring in john weir. so much going on, john. yesterday cnn s phil mattingly sat down with the treasury secretary, janet yellen, who said this. i don t see signs of a recession in this economy at this point. seeing the third quarter gdp
national gas price average is $3.77, in alabama, $3.36, $3.34 in louisiana. jason, if people like jamaica are struggling to afford gas and groceries, how can they spend any money with you? it is going to be very hard. we are starting to see areas are slowing down, families are having to make a choice. last year this time i was paying $20 for eggs and now it is $50 per case for eggs, we are seeing costs that have risen for citizens. todd: voters trust the gop to handle top issues like inflation and rising crime fchl we see the red tsunami, do you expect your
the nasdaq has fallen some 33% since its high last november. gas prices up slightly. $3.77 a gallon. keeping a close eye on ian bearing down. new home sales unexpectedly bounced back last month. potentially people jumping in ahead of higher mortgage rates. sales jumped 28% from july. here s evidence home prices may be cooling finally. the national home index shows home prices up more than 15% in july from the year earlier but that s smaller than the 18% price jump in june. it is the largest two-month deceleration in the history of the index and highlights how mortgage rates have doubled this year. causing prices there maybe to cool off. all right. a general motors walking back its new return to workman date. a memo sent out late friday said
him when he says the economy is doing just fine. we ve got a long way to go because of inflation. i call it the putin tax increase. president biden at it again. in remarks before union workers in ohio today, blaming economic woes here at home on a foreign adversary thousands of miles away. for what it s worth, if you count yourself among those not buying the putin line from the white house, apparently you re not alone. the latest monmouth survey found a paltry 10% of americans are convinced that the country is headed in the right direction. 88%, nearly nine in ten americans say the opposite is true. worse, nearly half of americans, 42%, say they are struggling to stay where they are financially. especially with soaring gas prices devastating household finances across the board with the national average for a gallon of gas hovering around $4.77.