the news continues, cnn with jake tapper starts now. welcome to cnn tonight i m jake tapper. tonight the economic alarms are blurring, and i don t mean one of those vaguely known but soft alarms on your smartphone. [noise] no, i mean one of those really have noxious alarms that you might hear if you are he s back on the turn that off. but you cannot turn this alarm off. and as much as you want to wish it away, it is clear that with less than three weeks after the midterm elections, the forecast is doom and gloom. that is why president biden today today gave not one but two speeches on the economy. families are hurting, you have heard me say it before, but i get it. it has been a rough for five years for the country. but a lot of folks here are still struggling, but there are bright spots. i get it, folks are still struggling, but one word that you did not hear from president biden today? the word recession. but he did admit a recession was a possibility during o
here s jamie diamond, ceo of jpmorgan chase. europe is already in recession. they re likely to put the u.s. in some conversation six or nine months from now. here s david salman, the ceo of goldman sachs. with a chance we could have a recession. i think you have to expect that there s more volatility on the horizon. to which one of the wealthiest man in the world, amazon founder jeff bezos responded it is time to batten down the hutches. actors. even more important than the recession fears of those sitting at the boardroom tables are the worries of those just trying to put food on their kitchen tables, who were already struggling given how inflation has been gobbling up bank accounts nationwide ahead of thanksgiving. the average cost of groceries is up 13% since last september. eggs, up more than 30%. serial, 16%. milk and cheese, 15% with gas prices hovering at just about $4 per gallon on average. and they could soon rise again. look, there are a lot of reasons for inflation,