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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 13:54:00

As macro economic trends significantly worsened and it happened quickly here. an that is what they re really concerned about. so the ceo went on cnbc and was asked you could de a global recession, he deferred and then said, well, yeah, this doesn t por tend very well to the global macro environment here. so specifically asia and europe, they re compress businesses saw a reduction in packages. and mortgage rates, indicate what is ahead. last hour we had treasury secretary larry somers on with new day and he said they doesn t think they have peaked yet. because the fed will raise interest rates and these rates tend to rise as well. you could see 6.02%, that is a 30-year fixes and a year ago it was 2.87%. it is a a quick period of time to more than double mortgage ....

On Cnbc , Doesn T Por , Global Macro Environment , Mortgage Rates , Larry Somers , Interest Rates , 16 02 , 12 87 ,

CNN New Day Weekend June 4, 2024 12:35:00

At 2.87%. so if you were able to lock in those rates from a while back, you re obviously quite lucky. but, there s also been a lot of criticism against the feds, right, for i guess perhaps moving too slowly to raise rates. what is your thought on the housing market and if home prices will ever go down? well, what goes up usually comes down. i guess i can say that positive piece of news, butly have the negative as an economist. we always have the other hand. we did a piece on housing affordability and what we found is with higher prices earlier on, extremely high prices, higher than i believe record highs in some cases, what we saw was that people could afford them because their monthly payments were low. now we re seeing that a lot of people are squeezed out of the market because of those high prices, meaning those monthly payments have gone up. we see that now 60% of ....

12 87 , Home Prices , Housing Market , Housing Affordability , We Saw ,

CNN Early Start With Christine Romans and Laura Jarrett June 4, 2024 09:54:00

Slowed. but anyone shopping for groceries is still feeling the pinch for every day oig items at the supermarket. that same data shows eggs cost 38% more this year than last year. flour is up nearly 23%. chicken, 17.6%. milk, 15.6% more expensive. severe drought and the war in ukraine playing a factor. but relief again at the pump, gas prices fell another penny overnight to $3.98 a gallon, more than 18 states now have. as below $3.75. and mortgage rates rising back above 5% after dropping below there last week. 30 year fixed rate mortgage averaged 5.22% for the weekending yesterday, up from 4.99% the week before. quite a bit higher than last year, last year you could have the loan for 2.87%. walgreens needs more pharmacists and one source tells cnn the company is offering up ....

Gas Prices , 17 6 , 315 6 , 53 98 , Mortgage Rates , Rate Mortgage , Weekending Yesterday , 95 22 , 23 75 , 4 99 , 12 87 ,

Magnolia scores 1st win in PBA PH Cup

MANILA - Rome Dela Rosa scored on a game-winning triple with six seconds left as Magnolia scored its first win in the PBA Philippine Cup at the expense of NorthPort, 80-77, on Wednesday at the Mall of Asia Arena in Pasay City. Through Dela Rosa's heroics, the Hotshots evaded a huge comeback threat from the Batang Pier. Magnolia was ahead by as much as 17, 40-23, late in the second quarter, but NorthPort came alive in the second half and even took the lead before an up-and-down fourth quarter led to a 77-all tie. However, Jio Jalalon found Dela Rosa wide open from the left wing for the dagger with six seconds left. "We want Jio to create for his teammates, and good thing Calvin [Abueva] and also Aris [Dionisio] dived to the basket. And then nag-collapse sila, so si Rome yung nalibre (they collapsed, so Rome became wide open)," Coach Chito Victolero said after the game. Arwind Santos tried to force overtime, but he missed the potential game-tying three as time ran out on th ....

Japeth Aguilar , Mark Barroca , Dela Rosa , Jio Jalalon , Beau Belga , Paul Lee , Chito Victolero , Arwind Santos , Miguel Beermen , Jamie Malonzo , Scottie Thompson , Ian Sangalang , Corps Player Of The Week , Asia Arena , Corps Player , Rain Or Shine , Gin Kings , Elasto Painters , Blackwater Bossing , San Miguel Beermen , Manila Rome Dela Rosa Scored Ona Game Winning Triple With Six Seconds Left As Magnolia Its First Win In The Pba Philippine Cup At Expense Of Northport , 80 77 , N Wednesday At The Mall Of Asia Arena In Pasay City Through Dela Rosa 39s Heroics , He Hotshots Evadeda Huge Comeback Threat From The Batang Pier Magnolia Was Ahead By As Much 17 , 10 23 , Ate In The Second Quarter ,

CNN CNN Newsroom Live June 4, 2024 08:25:00

Eight and a half percent last week, with gas and food prices largely to break. the nationwide average of gas prices is just over $4 a gallon, with the war in ukraine keeping global commodities unsettled. a year ago, gas was $2.87 a gallon. and potential home buyers looking to escape record high rents are now facing mortgage rates of 5% for over a decade. still to come, the austrian chancellor is revealing more about what he discussed with vladimir putin in moscow. and what this might mean for the ongoing conflict. plus, many estonia s are using work-arounds to watch russian state media channels broadcasting kremlin propaganda. how it s affecting their view of the war, when we return. ....

Gas Prices , Austrian Chancellor , Mortgage Rates , 12 87 , Eastern Estonia , Vladimir Putin , In Moscow , Work Arounds , Russian State Media Channels Broadcasting , Kremlin Propaganda ,