inflation, white house quick to point to those job numbers. cnbc s rosanna lockwood, have a great weekend, thank you very with us today live from london. still ahead, we return to texas and frustration and fury from parents in you ve all day. as law enforcement attempts to clarify what happened on tuesday, parents are slamming the response to the shooting. we are going to share their stories next one way too early. thei stories next one way too early time. it s life s most precious commodity, especially when you have metastatic breast cancer. when your time is threatened, it s hard to invest in your future.
and can help you get almost 30 minutes more restful sleep per night. save $1,000 on the sleep number 360 special edition smart bed, queen now only $1,999. only for a limited time. time now for business. for that, let s bring in cnbc s rosanna lockwood who joins us live from london. we saw the market sell-off yesterday. the s&p 500 fell to its lowest level in more than a year. what s your sense of it? how long should we expect this economic woe to play out on wall street and main street? it s a good question because i think the economic woes will certainly last a long time, and there is underlying fundamental factors in ukraine, and china, and interest rates, inflation, they are not going away, but the markets react differently day by day. now yesterday, the sell-off on wall street, it was outside the market, talking about it on the subway home.
particularly tech companies and the federal reserve looking at the interest rates last wednesday and since then walking through the number, apple, the most valuable public company shed $220 billion in the days since that decision. and tesla down as well by $200 billion or so. just change. and amazon market cap down by 173. i could go on. you get the picture here. the mega tech names are really suffering at the moment. and speaking to investment bankers this morning, they re saying they re looking at the small cap names. rosanna, i leave you with two pieces of news, the national average price per gallon of gas will likely hit a new record today. and overnight, andy warhol painting of marilyn monroe sell for a record $195 million. we ll look for it in the backdrop of your shot tomorrow. cnbc s rosanna lockwood, live from london, thank you very much. and still ahead the eu seems to be making progress on banning