for the fed. they feel it could trigger a recession. john: gasoline prices record for the 10th straight day. average price now 4.58. and the cover the new york post summing it up, a picture of president biden riding a train right off the rails next to the words joe s train wreck. bret baier and larry kudlow will join us to break down the economic head winds facing the white house. gillian: jackie will join us in a moment, but first aishah hasnie at the white house. what is the messaging on the economy. we are waiting to find out, the president departed to east asia, and ten days in a row we have broken a record for gas. every state is spending more than $4 a gallon. households spend $5,000 a year. it could get worse. prices will surpass $6 nationwide by august. and get this, a gas station chain called 76 reprogramming pumps in washington state to sell gas at $10 a gallon. that s unbelievable. the white house responding to all of this by saying it s already released oil
To the economy caused by the protests and its violence oppression becomes clear. This is business. As welcome markets across the region region got off to a good start into the week hong kong extraneous surged 1. 5 percent following a big win for prodemocracy candidates in local elections shares got another boost on news that beijing offered an olive branch in the long running china u. S. Try talks over the weekend beijing announced it would hike penalties on violations of intellectual Property Rights the ip issue has been a major Sticking Point for the u. S. In the talks an agreement on it is seen as a key to their success. South korea is hosting a meeting of leaders president moon j in welcomed heads of governments of the Southeast Asian group to the summit its being held to celebrate 30 years of cooperation between the un and sold no one has unveiled
a new Southern Policy that aims to boost Economic Cooperation with the un as well as india the aim is to counter the negative effects o
powell. john: voter anger will grow as gas prices go up. people s yearly expenses on gas year over year. last year, on average $2,800. march of this year, 3800. now $5,000, and only going to grow. and now warnings we might even face gasoline rationing, a throwback to the 1970s. it s scary when you think about it. and people are outraged over this as they should be, especially we are heading into the summer driving season and yet, and points here. 4.59 the average today, 4.58.9, call it 4.59. a year ago, 3.04, still well above where gas price were when joe biden took office, 2.38. so the prices were rising and inflation was happening. they keep blaming this all on