bear market territory. the federal reserve could boost interest rates by .75 point to try to time inflation that has the cost of everything rising. gas is still hovering above $5.00 a gallon nationwide, getting close to $7.00 out west in california. an estimate from moody s shows american households are spending about $460 more per month on necessities than they were one year ago. that means more families are having to make tough decisions just to get by. there s no way. it s cheaper to fly. it feels like you can t catch a break. it s difficult to save up for the things i do need in the long-term. we ll have more on it in a moment as well as the january 6th committee s next public hearing. it was scheduled for tomorrow. it was abruptly postponed. next steps in the senate on new gun legislation, when we could see actual text of a bill and most importantly a vote. we are going to start with the president s address genny moment now, and the economic realities that the coun
administration felt stabbed in the back that the saudis and opec did not adhere to what had been some of the conversations apparently about holding off on the gas price hikes and manipulating them. there were a lot of folks that felt like the saudis have not treated the biden administration well. weeks ago the state department weighed in a way that was very beneficial in a federal case here against the saudis and the crown prince. looking like the u.s. is trying to make nice, work out this relationship and yet it doesn t seem like in all the ways that this administration would like the saudis returning the favor and a warm welcome for president xi. neil: still on the subject of china. its end its so-called zero tolerance to covid. now we re hearing of covid speaks. xi jinping said we get a few cases, we shut down communities and factories. how do you think this goes? well, watching those protests
i would say this is leadership, i think so many times we see politicians here we have biden having restraint and saying i m not ready to talk, the stakes are way too high so i think we have to give him his due. not speaking. trace: i thought he was going to start blaming vladimir putin for the gas price hikes. got to go, thank you both for coming on very much appreciated. thank you. there you have at the g.o.p. controls the house after the california district 27 race was finally called for republican mike garcia but california still has almost a half dozen racist still undecided and the common sense department is baffled as to why it s taking so long. for one, california in the wake of covid now mails a balance to
Indian equities saw ferocious selling by foreign institutional investors (FIIs) amid the ongoing global economic concerns of crude and gas price hikes, rising inflation, and currency depreciation against the US dollar. Only in the first eight months of 2022 till August 31, FIIs have sold shares worth Rs 2.68 lakh crore in the Indian equity market.
and the answer is no. they don t associate with people who have a real problem, they talk about climate change or davos or transgenderism, it s issues that are important to them but they don t pull very high to the middle class people. they don t go to the french laundry, they don t go to tuscany, they don t have three mansions, they don t have a biden compound. i think we have to change our mentality and recalibrate that the democratic party is a party of the very wealthy but more importantly, the party of the elite and that s why people are leaving the democratic party, they understand that now. laura: on fox this week, pete buttigieg that expert in transportation was asked about the biden administration continuing to blame pruden for all the gas price hikes.