last year. why? an invasive insect disease that damaged a lot of florida orange groves across the county, and then you had prices so far up 16%. we re seeing also today oats surging to their highest level ever, dating back to 1973. and that s because of a drought in north dakota and certain parts of canada. so it sounds really bad and the usda is warning companies will probably move ahead with second and third rounds of price hikes to keep up with this inflation. such an example of how interconnected all of it is. as you look ahead to tomorrow morning s inflation report, what s the one thing you re watching for? it seems like from the perspective of where i m sitting here in washington, you will likely see the white house look to frame this by pointing the finger at vladimir putin and this war in ukraine. right. they most likely would. but the inflation problem with a lot of these food products has been a longer term story, right. we haven t necessarily seen it with fruits and vege
perspective. there s the threat of a physical attack of course, but then also the threat of a virtual attack which goes far beyond ukraine s borders. we re learning u.s. officials are preparing big banks in this country for potential russian cyberattacks as the ukraine crisis deepens. the justice department is warning companies to shore up their cyberdefenses now. given the very high tensions that we are experiencing, companies of any size and of all sizes would be foolish not to be preparing right now as we speak to increase their defenses. to do things like patching, to heighten their alert to be monitoring in realtime their cybersecurity. that was deputy attorney general lisa monaco. daunte wright s father says he feels cheated after the former officer who killed his son is sentenced to two years in prison. more on the reaction to this decision and the head of the
price the gas price increases on putting and also us a noted leaned into warning companies against price gouging. ron, i wanted to talk to you as i heard the announcement come in and we re getting reporting from the cnbc saying that the uk is going to phase out the production of russian oil and product by the end of 2022 as well adding to that. right. let s talk about how they are going to bridge this gap. you ve got 11 million barrels per day of crude oil exports out of russia, 40% of their gdp to some extent. this is going to be a major hurt to the russian economy whose ruble is below a penny, equivalent to a dollar. that being said, how does the united states bridge the gap? the president said we ll release the 60 million barrels of oil. we know that won t go very far, right. right. what conversations does the president need to be having with the saudis, with china as well and can he put more pressure on
Ryan Stockton, left, chief executive officer of Arning Companies, and Rachael Freeman, Arning's marketing manager, present Cassville superintendent Merlyn Johnson, middle, with a check for $500,.
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