susan li has shown no food spikes have a sign of ending. let s begin with kelly. hi, charles. the stock market is now in bear market. everything was done as we take a look at the red hot inflation data and they liked it less. the s&p 500 closed 4% down. the dow lost 900% and more pain is expected tomorrow that will likely near or be worse than friday s cpi. markets have flunk wildly as investors decipher how the central bank will raise rates. that s why investors broadly unloaded riskier assets. the national average hitting over $5 a gallon this weekend. records are nothing new. we ve seen new highs across the country. for context, to fill up a toyota camera, that cost has soared 63% versus last year. now it will cost you $79 at the national average. charles, we spoke to frustrated drivers here. they re beginning to change their habits. when is it going to end? it s a lot to take in. you have to get it. it comes in to play every single day, do i want to drive to the bea
afford the electric collar that the senators are talking about, don t worry about $5, $6 a gal gasoline. i want to ask you about this market. golly. i mean, the only thing that stops it from going down is the closing bell. well, look, it s looking right now like it s very difficult to avert a recession right now. you ve got a panic among investors, record low consumer confidence, record low small business confidence. it s simply an absence of leadership in washington. it s showing. it s really a precarious situation. i hope we can skate around a recession, but looking more doubtful every day. we ve lost $11 trillion in the last few months in the stock market. thank you for your wisdom.
this volatile republican nominating contest. since the last debate nearly a month ago, rick santorum has surged into the lead in the national polls. but it s a mitt romney-santorum dead heat in one of the states that votes next, that s michigan. and the polls here in arizona suggest a late shift here perhaps in governor romney s favor. our chief political analyst gloria borger is here to get us started. gloria let s focus on the poll here today. we had a poll out yesterday that showed a relatively close rates here. but if you look at the nbc marist poll they show governor romney with a pretty big lead, a healthy lead here. a lot of debates within the campaigns about the number. but why arizona apparently shifting in romney s favor? well, first of all, very very fluid as you know. and there s been a lot of changes in the last four or five days. and the shift has been to romney. you can t say it s because he s got a lot of ads on the air. you could also say perhaps and this