rates are cooling the housing market. a record slowdown in august home prices. the largest deceleration. home prices are rising but not as fast. gas prices fell overnight at $3.76 a gallon. asia slightly higher finding stability after two quick days. european markets narrowly mixed here. want to bring in kahne cnn global marketer. stocks have rebounded. the dow up 10%. still down dramatically for the year but there has been a bounce in october. there are so many headwinds, rana.
what when that s going to occur. the president trying to make improvements around the margins, cracking down on companies that charge hidden fees and overdraft fees. each year these junk fees in addition that companies charge cost americans tens of billions of dollars weighing down family budgets. it s not yet clear when americans will feel that impact or how big it will be. energy costs continuing to be a key driver of inflation still running near 40-year highs. the president claims gas costs are approaching pre-pandemic levels. that s not quite true. before covid, a gallon of regular costs around 2.51, much less than the 3.76 consumers are paying on average right now. biden blamed big oil. and they aring going to come down even further when gas companies, the oil companies agree to our demand my demand to pass on the savings from the price of a barrel of oil. no comment from biden on the saudi s warning not to sell strategic oil reserves it? is my profound duty to mak
let s get a check on cnn business. looking at markets around the world, asian shares closed down here declining after chinese export growth slowed more than expected this august amid covid lockdowns in china. the yen this year low against the dollar. european markets, a little of the same as fears of a recession grow in the region, worries about energy this winter. stock index futures looking up a bit. all three fell during a choppy trading session yesterday. the nasdaq down for a seventh day in a row. investors are grappling with the potential for additional sharp interest rate hikes for the fed later this month. and average price of a gallon of regular unleaded now $3.76. 31 cents less than a month ago, but still nearly a dollar more
not only for this case, but to learn what they re doing for the future. really this is a spy story for saturday night tv. it really is. does speak to just remarkable u.s. counterintelligence. phil mudd, thank you as always for your expertise. thank you. by the way, gas is $3.76 here in memphis, just so you know. lucky you. take advantage. poppy? see, everyone is happy about gas prices now. all right, next, turning the page, there is a nebraska mother and teenage daughter facing criminal charges this morning over an alleged abortion and the way that police investigated this case is raising concerns among some over online privacy in the post roe world. folks, we seem to have a visitor. it looks like - looks like you paid too much for your glasses. ...who? anyone who isn t shopping at amamerica s best - where two pairirs and a free exm start at just $79.95. book an exam today. buying a car from vroom is so easy, all you need is a phone and a finger. just go to vroom.com, scroll
to shift the country and they are going to lean into it all the way until the point where americans feel like they don t have a choice. steve: all right. speaking of you don t have a choice. we just saw top gun has made a bazillion dollars. when the family goes out, whether it s to the movie or the baseball game, it costs so much more. when you look at the cost of a family baseball game, back in 1960, the cost was 10 bucks. essentially. but now adjusted for inflation, that would be 102 in $1,960. but, given inflation now, it would be double that. so, double that. and then when you look at the cost of going out for a movie back in 1960, i don t remember it being $3.76. that s a lot of pennies, but, adjusted for inflation that same movie ticket would be close to $70. these prices have doubled. if you talk about theme parks, steve, it s even worse. steve: we have a graphic. perfect segue. i brought my family to a