homes fell nearly 5% from a record high of $47.7 trillion, the largest june to december percentage drop since 2008 when we had a housing crisis. looking at markets around the world, asia closed lower. european markets are mixed. eurozone inflation grew slightly faster. stock index futures are leaning higher after the fourth down day in a row yesterday for the s&p. minutes from the most recent fed meeting reveal most officials support slowing the pace of interest rate hikes. washington post reports that meta could slash about 13% of it workforce as of november. on inflation watch, gas prices fell by a penny overnight, $3.39 a gallon. and at 8:30 a.m., weekly jobless claims and revision of the fourth quarter gdp. want to bring in spencer
to the u.s. that s the fastest pace since 1981. the on wall street, stock index futures. the dow and s&p fell for the third day in a row. investors still worried about corporate earnings. more fed rate hikes even as inflation eases. news of more tech layoffs. google s parent company alphabet will slash 12,000 jobs. the company s largest ever round of layoffs. you ve heard the layoffs in the headlines but let s look more widely here. jobless claims. this is first-time filings for unemployment benefits fell lower than expected, 190,000. the labor market overall remains tight outside of tech and media. mortgage rates fell to levels not seen since last september. the 30-year fixed rate mortgage fell for the third week in a row now at 6.15%. on inflation watch, gas prices up one penny at $3.39 a gallon. one governor is pushing an interesting solution. newly elected pennsylvania
will: 30% down. rachel: do you remember during the trump years people would say i don t i ve met people who would say i m not a big fan of donald true but, boy donald trump but, boy, i love e my 401(k). [laughter] that s the opposite of right now. will: look at gas prices right now year-over-year. it s $3.68 a gallon right now, that s projected. a year ago $3.39. look at two years ago, $2.11 for gas. rachel: that s right. if you re having people come over for thanksgiving, the meal is more, expensive. first, let s talk about the airline prices, because with you were just talking about the gas and the diesel fuel for the airplanes. my daughter to fly out to see is us for thanksgiving was $700. a lot of people are going to sae to bring her, then she goes back, then i have to bring her back for christmas break. so these prices, a lot of people
example, he says grass is $3.39. no. it s $3.72. why do they care now, jesse? well, i think they re trying to see cya, because they have to before the election. i m going to steal the judge s line from the last block, where have you been? you can t all of a sudden throw pinocchios at them on the 7th of november? where were the pinocchios last year. or on the campaign trail. judge, are you surprised by the timing, that everyone seems to be on the same page on the left? no. the truth is the media understands what s coming down the pike. comes the coming down the pike is because the media, the left, the democrats have all been in cahoots. they want to take themselves out of that equation and say, oh, no, we ve been criticizing him too. the truth is the media is an
president delivered on the campaign trail. president biden have made false and misleading claims, on that campaign pitch, here is something biden said last week. today, common price of gas is $3.39. that s not true. the most common price is $2.39 and not over $5. the president made it sound like gas had gone way down when in reality it had gone up. perhaps this was gasp. he said gas was over $5 this june, not when he became the president. regardless the price of gas is important in the midterm and this time he was wrong about it. this next biden s claim about social security and it is deliberate and it is egregious. the first time in ten years, seniors are going to get the biggest increase in their social security checks. this is super misleading