Can buy milk. Prices for food, clothing, houses and more jumped sharply. I bought a sandwich at one point, not even a fancy shop, it was 22. Driven by lingering pandemic supply issues, stronger manned, and perhaps some Price Gouging to. It has hit every american at some point, whether is you personally or someone you know. Worst constant reminder, gas prices. The nationwide average for a gallon climbed over 5 at one point, a new record. Filling up my suv sometimes cost over 100. Thats part . Some parts of the economy that were just coming, unemployment very low. Wages, up, significantly for the first time in a very long time. So, is a Recession Coming . I think its a different no. If you listen to a lot of the economists. I dont even care if theres a Recession Coming. It already feels like we are in a recession. Despite topping 1 Million Deaths in the u. S. , the covid pandemic brought some good news. More than 80 of all americans have now received at least one dose of vaccine. The rat
And nasdaq down 15 points, the sp sitting at 1752, also worth noting we were still on the 5 pullback area where we have been watching for the dow and the s p, the most recent highs, we were off 5 and 6 respectively. In the meantime what is interesting is trading, the market has turned a little bit negative. The fear index in the green at 1953. And the Third Session in a row, the key level as well and save haven of gold up 6. 5 to 2. 6 . Adam we want to turn to commodities. Will prices are wavering on the latest inventory data. Phil flynn is in the trading pits of the cme so supplies rose less than expected. Where are the bigger gains . Those numbers are skewered by the weather in the gulf of mexico. In the gulf of mexico last week we had massive fogs, storms, snow, you name it and oil tankers could not offload for. A lot of tankers are still sitting in the gulf of mexico that they think will get back in non land next week so that is tempering its somewhat. The other thing we are lookin
Calling him a chicken. Connell on the top of your head. But the story everyone is talking about this morning, the Business World announcing pulling all Tobacco Products over 7,000 pharmacies around country and they will get it done october 1st. Dagen cbs stands to lose 2 million in annual revenue with this move but that is only roughly 2 of its annual revenue overall. The retailer plans to have this move complete by later this year, operating 7600 cbs and Pharmacy Stores nationwide. The ceo on the move. Tobacco products have no place in a setting where health care is delivered. When we asked ourselves where we expecttto be in the future as a Healthcare Company it became clear that removing Tobacco Products from our stores is the right thing to do. Connell for more on this, jeff flock joins us. He is on the story for us. Jeff interesting, obviously, interesting impact talking to analysts who say cvs is a Healthcare Company taking a shot at walgreens on this, the concept we provide your
Rosa is in the upper 20s, 38 degrees for richmond and milder weather for San Francisco. You will probably need a jacket right now. Take a look at the afternoon. We would need an umbrella instead. Future cast 4 shows by 8 00 a. M. We will start to see if you like sprinkles. As we pushed the clock into motion the bulk of the moisture will fall over by. This will continue overnight and waking up thursday morning, by 6 00 a. M. Will have slick conditions. The rain will continue for the rest of the morning and it will not start to taper off until about 11 00 a. M. Tomorrow. Mostly cloudy conditions and perhaps a 10 chance for showers. We still have more changes on the horizon with another system for the weekend. I will break down their portion of the forecast coming up. We are looking at plenty of slow traffic and we are tracking hotspots. Lets start of the east, the heavy traffic on 880 southbound is backed up into oakland with an accident at 8 straight, was 580 is heavy and your ride on 6
Per hour. You cannot see very far and fungi. In front of you. It has been terrible. Anywhere from 2030 mi. Per hour. The snow is built up in the center between the lanes. It is pretty tough. There has been probably about a dozen racks up and down the road. It passed a freak you out. Asked for a kilo. Must free queue up youre not going to get there any faster. As the morning wore on and the snow slowed down and crews were able to get out there to plow the streets travel times obviously improved. The wind is still kicking up shriver still need to take precautions. Driver still need to take precautions. At the height of the morning rush chicago deployed 287 plows to the streets. Driving down the side streets are news crew reported that those behind the wheel were traveling only about 15 mi. Per hour. Many of the larger roads that are usually clear were not easily travel. Even though driving wasnt at a snails pace some drivers told us that the city was doing a pretty good job under the cir