performance on wall street today. a positive jobs report was not enough to overcome worries over rapidly rising crude price prices oil prices. the dow cratered 630. down 700 at one point. the s&p 501 o5. for the week the dow gained 2 percentage points. the s&p 500 was up 1.5. the nasdaq gained three quarters of a point. let s find out what today was all about with the markets. fox business correspondent kelly o grady is in los angeles tonight with the latest. good evening, kelly. good evening to you, bret. after a strong couple of days to start off the fourth quarter earlier this week, stocks are now plummeting and driving that sell off is today s jobs report. at first glance the report is strong 263,000 jobs were added beating an expectation of 250,000. the unemployment rate also came in slightly lower than expected at 3.5%. president biden today touting the economy s performance. just look at today s jobs report. our economy created 263,000 jobs last month. that s 10
according to u.s. intelligence the missile tests do not pose an immediate threat to the united states. let s go to seoul and bring in paula hancock. give us the latest. reporter: john we re hearing here from the south korean side that the u.s.s. ronald reagan is off the east coast, carrying off navy drills as north korea fires yet more missiles. as north korea continues to break its own missile launch record. south korea says trilateral naval exercises are back in the water. holding drills to track and intercept missiles, a response to the north s launches. american aircraft carriers cruising around, pretty much nothing. it will probably make some people in the united states and republic of korea happier. but it will have zero impact on north korea s behavior and decision making. reporter: north korea blamed the flurry on the u.s. calling them counter measures against last week s naval drills. it will increase the condemnation, isolation, increase the steps that are
there s a lot of alternatives. we haven t made up our mind yet. the white house evaluating how to respond as some key global economic forecasts have gotten gloomier. so what do all these forces mean for you at home and your wallet? let s discuss with cnn s matt egan. he s at the new york stock exchange. and cnn s kaitlan collins is with us from the white house. so matt, lay it out for us. is there a direct cause and effect between this production cut and prices at our local gas station? ana, the simple answer is yes. we re already seeing an impact. just ten days ago recession fears drove world oil prices down to eight-month lows but they have since raced back to life in large part because of rumors of this opec supply cut and now the actual official confirmation. and prices at the gas pump are responding swiftly. a gallon of regular now fetches $3.87 nationally. that is up from $3.83 just a day ago. up nine cents over the past week. prices are still lower, of course, than
soon as december. and herschel walker now says he s not backing down despite the abortion scandal rocking his campaign. ma maggie haberman joins me this hour on donald trump s decision to back walker despite his checkered past. i m wolf blitzer. you re in the situation room. let s begin our coverage in ukraine where a furious counteroffensive is now sweeping russian troops out of territory. moscow has held for months. cnn is your national security editor. nick paton walsh is joining us live from the war zone. nick, this rapid ukrainian advance comes as vladimir putin laid claim to that troubled nuclear power plant. what s the latest on the ground tonight? ukraine s president zelenskyy clear that half a thousand square kilometers of territory in the kherson region have since the beginning of the month been liberated from russian control. that s a larger number of than officials said earlier today and it s part of the slow drip we saw ourselves just yesterday of territory r
take him behind the school and beat him up. tough guy. but he falls over with the wind, going on air force one. nobody fs with the biden except for venezuela, saudi arabia, every other opec nation. we ll explain in detail. recently, biden got on his knees, hands and knees begging and pleading the saudi s crown prince to please produce more oil. he s been begging opec as well. the same crown prince in this case that biden openly refer to as a pariah, that he accused of torturing and murdering the journalist jamal kavhogghi. opec says they will be reducing oil production by a whopping 2 million barrels a day that will reduce supply and increase the price of the a barrel of oil. this is not only deeply humiliating for joe biden and the u.s., most importantly, it is painful to millions of americans. now, gas buddies, patrick is predicting opec s decision today will drive passes up to 15 to 30cents per gland. look at this, $5 in reno. $6.42 in california. that s average. $5.47 in