migrants crossing the border. and why some are calling it the abbott plan. i m hallie jackson in washington along with our team, ali vitali is on capitol hill, we ll get to what i think you can only call the gut punch of a hearing that happened this morning on the house side. right now you have this debate on changing gun laws. it seems likely these bills will pass the house. then it seems likely these bills will hit a brick wall in the senate. that s why the focus is on the private negotiations on the senate side. where are those negotiations, especially on this idea of raising the minimum wage for semiautomatic weapons to 21, which mitch mcconnell is privately, though not publically suggesting he s open to. mitch mcconnell is someone we ve been tracking closely throughout this process. he both blessed the negotiations, deputizing senator john cornyn to be the republican representative in the room alongside thom tillis and this group of four senators trying to hash out som
all three major industries are down double digits for the years. the mounting losses will deal a blow to your retirement funds and your pension fund and we could go lower, dana. dana: a bitter pill to swallow as the cost of living is skyrocketing. the average price of gas now $4.58 a gallon up more than $1.50 from a year ago. bill: making matters worse the cost of rent hitting a record high in april. landlords asking for more than 1900 a month on average. dana: demand for mortgages is plummetings with average rates at a high. the new york post calling it joe s train wreck. bill: aishah hosni with a lot to cover from the white house on the north lawn. good morning. america is waking up and breaking all sorts of records in all the wrong ways. as of this morning the white house coming up with no new solutions outside of what it has already done and tried. take a look. let s start with gas prices here. shot up another 2 cents overnight to a new record high of $4.58
president biden said his policies are not to blame. i think our policies help not hurt. think about what they say the vast majority of the of the economists think this is going to be a really tough problem to solve but it is not because of spending. we brought down the deficit by. spring and kevin he s former chairman of the council of economic advisers under president trump and distinguished visiting fellow at the hoover institution. so kevin, welcome. the scout but was this is going to be the peak of inflation, how do you see it? yes, you and i ve talked about this before. one of the things i like to do is look at the more recent numbers instead of the change over the whole last year. because at the beginning of the year inflation was not so bad. the average, last three months of consumer price inflation and then annualize it right now is going up at 10% at an annual rate which is about what you and i i promised on your show a few months ago was going to hit. if you l
good morning. it is saturday may 14th. according to the latest survey, americans view inflation as the top problem facing the country right now. this is no surprise as the price of everything is rising. there s a lot more going on behind the scenes. i want to get in to it with gas prices. it rose averaging $4.42 a gallon, according to the automobile association. a top $4 per gallon in every state, well above $5 a gallon in california and hawaii. this leads us to the discussion of crude oil prices. the biggest factor that affects how much you pay at the pump. over the past 20 years, it s important to look at it overtime. the price of crude has had peaks and values. you can see the rise starting in 2002, then the fall after the 2008 recession, then another sharp fall in 2014, and then another in 2020, the beginning of the corona pandemic. oil falls when people use less than the world produces. now let s go to socks. i prefer to focus on the s&p 500. it is a better representatio
Im laila harrak. Out on strike or auto workers in the u. S. Still dont have a deal with automakers in the first strike against all of the big three. The death toll from floods in libya will likely keep rising as the search goes on. Well talk to a storm Health Official about how Recovery Efforts are going. Increased Police Presence as protests break out across iran to mark the anniversary of the death of mahsa amini in police custody. No breakthrough, but reasonably productive discussions, at least with ford. Thats how the United Auto Workers are describing labor talks on day two of the unions strike against three top u. S. Automakers. Striking Union Workers picketed outside the Ford Assembly plant in wayne, michigan. Ford has responded to the walkout by temporarily laying off some 600 nonstriking workers at that plant, saying the strike is causing a lack of parts. Gm is threatening to lay off 2,000 more. The union and ford, General Motors, and stellantis are far apart on wages and bene