law enforcement nationwide watching with heightened concern. cbs news is overhead. i m astrid martinez taking to the new york city skies with nypd as they showed me their massive security operations to keep the crowds safe on new year s eve. also tonight, red sea attack. u.s. navy kills iran-backed rebels in boats attacking a container ship as israel expands its fight agains hamas. i m ian leon the israel-gaza border. last night israeli prime minister benjamin netanyahu says the war behind me could last many more months. plus, president biden s new year. vacationing in st. croix, but juggling war, a migrant crisis, and reelection. i m skyler henry traveling with the president as he dials up the pressure on congress while his political opponents weigh in. death of nascar legend. remembering three-time champion cale yarborough. cale hits him. he is fine! later, we ll note the end of anner as america s last lighthouse keeper ends her watch. boston lighthouse is m
as millions gather for new year s eve celebrations. preparations are underway in some of the nation s biggest cities, with the fbi warning of increased risks of attacks. tonight, we speak with the nypd about keeping the ball drop safe. and a new year means new laws. for half the country, that means minimum wage is going up. we ll take a look at how the increase impacts workers and businesses. but we begin with the weather, and millions of americans bracing for rain, wind, and possible flooding. there s also a risk of more massive waves like the ones that slammed the california coast, some as high as 25 feet, damaging homes and prompting evacuations. cbs s reed cowan will start us off tonight from northern california. reed, good evening. reporter: good evening, major. well, communities all up and down the california coast hit hard by this powerful storm, arguably some of the worst damage here in the coastal community of aptos. they really got hit hard. a lot of people who li
cameras in federal court and at the supreme court i think they sawed stay in place. john: probably highly unlikely they would be allowed but what a show it would be. we ll see what happens. jason, thank you. sandra: president biden touting his economic policies saying they are working for the american family. touting bidenomics as americans are taking a bigger and bigger hit at the gas pump. why you are seeing gas as a national average, $4 a gallon, up $0.29 over the last month. peter doocy on the pain at the pump. what s driving the prices? pete: depends who you ask. they say it s rising because of the folks who work here. joe biden declared war on energy in the first day in office, shutting down the
have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let s start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it s a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, so more than doubled. and now it s settled somewhere in between at around $0.55 a pound. still, 90% more than before the pandemic.
and, you know, we don t have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let s start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it s a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, so more than doubled. and now it s settled somewhere in between at around $0.55 a pound. still, 90% more than before the pandemic. much of those costs follow the same