the president s visit comes as his administration is facing mounting pressure following this, you know, 41-year inflation high that we re seeing and a huge surge in gas prices. the nation s national average for gas, $5.02 a gallon now. all of this as a key inflation measure slowed slightly last month. also this morning, the white house is now confirming that the president will be traveling to the middle east, specifically to israel and saudi arabia, in july. we re also learning his visit will include a meeting with the saudi crown prince, mohammed bin salman. remember, president biden had previously called the kingdom a pariah for its role in the killing of washington post journalist jamal khashoggi. that was before he became president. we ll have much more on that in a moment. plus, the january 6th committee is postponing now a hearing that was scheduled for tomorrow. a member of the committee saying this was due to technical issues. we ll be live on capitol hill with
another prisoner swap? then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to the lead. i m jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration s coronavirus relief efforts, record new job creation, and low unemployment levels. sure, but that s likely little consolation to the millions of americans paying record prices for everything from food to gasoline. especially as many economists predict the federal reserve will drastically hike interest rates tomorrow to try to get control of the inflation. president biden will try to address one of those crises, gas prices, now avera
Still below 490. Up by about four or five basis points on the day. Risk appetite hitting bitcoin, moving lower. Under the 61,000 level. Down about 2. 8 . Lets talk about some midday movers. Yelp shares are struggling after unadjusted guidance for the full year. Macro headwinds for restaurants and growing competition from delivery platforms can pressure revenue. That is according to analysts at jefferies. Yelp shares down. 4 . Boosted samestore Sales Forecast for the full year. Analyst were positive on the upgrade, highlighting improved margins and profitability as its strategy gathers pace. Sweet green soaring higher than 35 . Ziegler has began trading. More than 30 on the day. We will talk about them later this hour. The dallas fed president says it is too early to think about cutting rates. I need to see some of those uncertainties resolved about the path we are headed and we need to remain flexible to policy and continued to look at data coming in and watch how financial conditions
And at the same time, record heat in the west. Rob marciano rob marciano tracking it all. An urgent manhunt under way in vermont for a Murder Suspect described as Armed And Dangerous. A woman found dead on a popular trail. The report of gunshots in the area. The suspect last seen walking toward a nearby university campus. Newly released body camera showing a shootout with deputies and a outside a bar. The battle to be house speaker. The heavily armed gunman defending his estranged wife. Former President Trump after signaling his possibly interest in being speaker himself this week now endorsing jim jordan for the post. And abc news Reporting Trump secretly plotted to become speaker back in january. Jonathan karl standing by in washington. A grim discovery in colorado. 115 bodies found improperly stored at a funeral home. Authorities say the bodies will need to be identified by dna. A new investigation into a deadly car crash involving the wife of embattled new jersey senator bob menend
Temperatures about to drop from the midwest all the way east. And at the same time, record heat in the west. Rob marciano rob marciano tracking it all. An urgent manhunt under way in vermont for a Murder Suspect described as Armed And Dangerous. A woman found dead on a popular trail. The report of gunshots in the area. The suspect last seen walking toward a nearby university campus. Newly released Body Camera Showing a and a outside a bar. The battle to be house speaker. Chaos on the hill. Former President Trump after signaling his possibly interest in being speaker himself this week now endorsing jim jordan for the post. And abc news Reporting Trump secretly plotted to become speaker back in january. Jonathan karl standing by in washington. A grim discovery in colorado. 115 bodies found improperly stored at a funeral home. Authorities say the bodies will need to be identified by dna. A new investigation into a deadly car crash involving the wife of embattled new jersey senator bob men