Once praised for its timely and meaningful software updates, Rivian disappointed its customers in November with a botched update followed by a broken fix.
mortgage rates fell slightly this week, average 30 year fixed now at 6.6%. and on inflation watch, gas prices held steady overnight at $3.46 a gallon. consumer sentiment data from the university of michigan is due out later this morning to cap off a very busy week for your money. let s bring in john lear from morning consult. credit suisse accepted a loan from the central bank. you have big banks in the u.s. who swooped into help first republic. crisis averted here? in the near term crisis is averted but there are longer term risks that scare me. and biggest issue shearhere is had a prolonged period of very low interest rates that drives financial institutions to search and seek for higher yield that drives riskier decisions. and i think in the u.s. we have haven t had the sort of regulatory environment and
it would help fund business operations. and you can see asian shares closed mixed. europe has opened narrowly mixed. on wall street, barely moving here. stocks fell monday as investors worried that job strong market means the fed might have to raise interest rates several more times to control inflation. shares of alphabet fell about 2%, outlining plans for a new tool called bard to compete with chatgpt. add dell to the list of tech companies cutting jobs. dell laying off more than 6500 workers. and gas prices down a penny overnight, national average $3.46 a gallon. netflix once said love is sharing a password. not anymore. get ready for a track crackdow users sharing passwords. what is happening here? so either we re using somebody else s netflix password
as well. but on the chips, those investments are already being made in this country. let s talk about gas prices. a gallon of regular now up to $3.46 on average. a new seven-year high, up more it s up a dollar, almost, from a year ago. the president ordered release of 50 million barrels from the reserve. that was back in november, i believe it was, hit the market in december. opec is not ramping up increases to the desires of the u.s. what is the plan to control gas prices? this is something that s hitting people every single day. a three-part plan coming from president biden, who first of all, starts out by being very clear about precisely the stressors you just mentioned. anyone and that s most of us who have had to fill up their tank understands what you re talking about. number one, we are engaging internationally, both with oil-producing and oil-consuming
president s green agenda could be driving up energy costs. ed, what do you have for us? very interesting, john. in the last 24 hours the price of gas went up $0.02 a gallon. no new ideas out of the white house to deal with lowering gas prices and unwilling to talk about any changes or reversals in policies that constricted the supply of oil. so i had an exchange with the white house press secretary jen psaki about those policies. listen. topped the strategic petroleum reserve, sometimes it takes system time to be digested in the system, and worked with countries to do it similar, and engaged with the opec nations to have the supply meet the demand. and called out the record profits by oil companies. price of oil close to $90 a barrel, pushes the price to 3.46 a gallon. a year ago, 2.47 a gallon, about