join us coming up. john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. sandra: i am sandra smith in new york. this is america reports. we are watching all of this, brand-new numbers today from may painting a bleak picture of the american economy. consumer and producer prices still skyrocketing, and hitting record highs. all has major implications for your wallet as those producers that are facing higher costs plan to pass those higher numbers down to the consumer in the form of higher and higher prices. john: national price of gasoline up 63% from a year ago and the highest ever. sandra: it is almost hard to believe, every day a new record. the white house has announced a middle east trip to saudi arabia n
all we know is tomorrow powell will spring to his slay and his team a whistle. we don t know where he will fly. we probably don t know what a down of a thistle is, but we know what a down stock market is. so we want to hear something as st. jerome drives out of sight. it s that something that is giving us all of this fright. in the meantime, this night before we ve got you covered for what could be in store, with legendary billionaire investoring ken fisher on why it s not action bad as you think and to powerful south dakota republicans who president biden said, you know, they don t stink. all that and adam kinzinger on the prancing and pawing on each january 6th member s hooves and how investors are already hit the roof. i m neil cavuto. to finish this sort of holiday theme, let s go to jacqui on news that might make you scream. it s a veer between christmas themes and dr. suess. take it from there. i think it was very eloquently put, neil. on in eve of the fed decision, o
european union leaders have agreed a compromise plan to block more than two thirds of russian oil imports. european council chief charles michel said the deal cut off a huge source of financing for the russian war machine. he added that it put maximum pressure on russia to end the war . european commission president ursula von der leyen praised the deal. i m very glad that the leaders were able to agree in principle on the sanctions package. this is very important, thanks to this council should now be able to finalise a ban on almost 90% of all russian oil imports by the end of the year. joining me now is janet mui, investment director, brewin dolphin. yesterday the oil price was up around $120 a barrel. what will this do to relieve the pressure on the oil price? this will incrementally support the oil prices, of course we also have the story that china is reopening shanghai so that will also put pressures on oil price. i think so far the supply from russia will be diverte
was taken to hospital. his condition remains unknown. mark lobel, bbc news. time for a look at the weather. no need for heroics, i m sure. stabbed danaos is here, looking rather pretty. this is scotland, the only place i could find a rainbow. most of the showers will be across scotland, western scotland, because close to the area of low pressure there more isobars on the chart so quite windy across northern areas but this area of high pressure is building and across the south bringing a largely fine day for much of england and wales. right across england and wales. right across england and wales of eastern areas, compared to yesterday, just the odd shower but most of the showers in scotland and northern ireland, longer spells of rain for the north west of scotland. temperatures impacted a bit because of the wind and rain, 14 degrees, but we could see the high teens across the south east of england, so warmer than yesterday. tonight it stays quite breezy, variable cloud, most