new construction down 4.1% in the month of january. this is the first decline that we re seeing in housing in four months. this is very sensitive to higher interest rates so you ve got the gasoline spike that we re looking at right now. layered on top of that is the expectation of multiple interest rate increases this year by the federal reserve. yesterday we got the so-called minutes from the federal reserve which tells us what was talked about at their last meeting and the minutes suggested the federal reserve is stepping up its pace of interest rate increases. it will continue to tamper the housing market and the housing market overall being as big a part of the overall economy as it is will ultimately weaken the broader economy as well. you have a lot of moving parts here. there are some areas of the economy doing well because people want to get out. they are done with covid. they see the number of covid cases dropping and spending money trying to travel, planning vacations, servic
increasing domestic production, clean energy and all of the above approach. but no doubt about it, if the historical record is anything, the white house will be taking a hit over the gasoline spike we are seeing right now. megyn: i remember when i was learning to drive and it was a shock to see it go from 99 cents to a dollar. reporter: i remember it with it was 25 cents a gallon. megyn: and you were driving your desoto. reporter: no, it was an edsel. megyn: $4, that s not good. it still seems high even though it s been 25 years. the l.a. coroner s office issuing subpoenas for whitney houston s medical records. what is this about? where is this going and why are they doing it?