and welcome to cnn newsroom. i m erica hill. president biden a short time ago laying out his plan to keep energy prices down for americans which includes another push for oil companies to boost production and it comes, that push to lower gas prices as early voting gets under way in some states. we are now officially less than three weeks to go. who is counting? yeah. the president just announced he will release another 15 million barrels from the nation s oil stockpile beginning in december. this is in addition to the 165 million barrels of crude oil that s been put under contract since this past spring. the reserves are at a 30-year low. with my you a nounsment today we are going to continue to stabilize markets and decrease the prices at a time when the actions of other countries have caused such volatility, and i ve told my team behind me here to be prepared to look further look for further releases in the months ahead if needed. we re calling it a ready and
the independent, which says soaring profits at energy companies are sparking outrage after they pass billions of pounds of profits onto shareholders. higher energy bills are also on the front of the financial times, as british gas owner centrica urges the government to support households as their profits also soar. the daily express leads with what they call an exclusive message from rishi sunak, who is vowing to double the number of foreign criminals who are deported if he becomes prime minister. he s been speaking with liz truss at a hustings at leeds in the last few hours. the guardian has a photo of a giant bull on its frontpage from the opening ceremony of the commonwealth games in birmingham. the metro goes with a court case involving met police who worked with sarah everard s killer, wayne cousins. the energy story is dominating a lot of the broadsheets. what do you make of the broadsheets. what do you make of it, the energy firms profit surges, that s the splash fro
get gas, like, everything s just more expensive. neil: americans speaking out and freaking out over prices still rising as their 401(k)s keep plummeting and now a new report warning that inflation may be staying and may be much longer than expected. a new fox poll that shows more voters are blaming the guy in the white house. before you run for cover, just know we ve got you covered with lucas tomlinson at the white house as president biden says it s not inevitable we ll have a recession. susan li on the markets indicating we already might be in one. first to susan li, taking stock of stocks just, well, taking a hit and a big hit at that. horrible week. yeah. well, you saw it, neil, the worst week for the stork market in two years stock market and that s after a historic rate hike by the federal reserve, the single sharpest move in 28 years by the central bank, and they re trying to move quickly. as a result, money fast in the markets, the dow jones falling below 30,000
attack with a number of russian missile strikes, including on this supermarket. welcome to bbc news. the next few weeks are expected to be a perfect travel storm for commuters on the road, railand air. the price of petrol saw its biggest dailyjump in 17 years yesterday, straining family budgets even more than they are already. on the railways, the rmt union is planning a walk out of thousands of its members onjune 21st, 23rd and 25th. downing street has called the move selfish and both the union and industry officials are under pressure to renew talks. and then there s the disruption to flights caused largely by staff shortages which are unlikely to be resolved soon. our travel correspondent, katy austin, has more. prices at the pumps are up again. i paid £2 a litre. it was a big surprise. i do deliveries part time and it is not worth it any more. we e gone electric- and that s the reason, because the price, as you can see, i £2 for diesel, it was impossible. i the rac says
two themes did seem to be linked in his speech, how technological upgrading could benefit from cooperation with other countries rather than conflict. , . ~ other countries rather than conflict. , . ~ . conflict. let s talk about decoupling. conflict. let s talk about decoupling. countries i conflict. let s talk about i decoupling. countries have conflict. let s talk about - decoupling. countries have been talking about it for awhile now. is it a significant concern for china? for china, it is an important concern for china? for china, it is an important matter- it is an important matter because they are trying to move into these new industries and they need foreign technology, because they have been trying to put in place a programme of domestic innovation. but the reality is china is much better at commercialising innovations from other countries, rather than creating innovations of its own to a significant extent, so they really need the new technology, they need acc