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
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 country is facing. msnbc s mike memoli at his post in philadelphia. he s traveling with the president. also joining me is nbc s tom costello and nbc s jake ward who is in half moon bay, california, keeping a close eye on the impact of the gas prices and oil price, affecting a lot of americans right now. mike, the president is about to speak at the afl-cio convention there. they represent about 12.5 million americans. this is a home field advantage for the president speaking to this group. what is his driving message to