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This is tesla s fifth price adjustment this year. elon musk says cuts on other models boosted demand. asian markets closed mixed and on wall street, stock futures are undecided leaning a little higher here. markets finished mixed to kick off a very busy economic week for investors. stocks gave up early gains to end the day basically unchanged. bloomberg is reporting meta will layoff thousands of workers this week on top of the 11,000 who were given pink slips last november. gas prices rose a penny overnight to $3.42 a gallon. today jerome powell will testify before a senate committee on interest rate hikes and whether they are actually working to bring down inflation. want to bring in financialberry. nice to see you this morning. good morning. and i m heading to iowa later ....
3: $3.42 a gallon. and president biden s nominee to lead the irs facing tough questions on capitol hill about how he plans to use $80 billion in newly allocated funds. if i m fortunate enough to be confirmeds the audit and compliance will be focused to ensure that america s highest earners comply with applicable tax laws. let s bring in our senior policy analyst garrett watson. nice to see you. so you heard biden s nominee say that the irs is not going after small business and working class americans, this is about getting revenue from millionaires and billionaires who have a very small audit rate. will that calm any fears? right, the irs nominee did go ....
Average hit $3.42 for regular unleaded up 11 cents from one month ago. in nearly the same price it was when president biden began to release from the strategic petroleum reserve to lower gas prices. in tent s special report spotlight, energy matters, my colleague bret baier looks at how sales from the stockpile impact prices at the pump and why it could send costs even higher. bret: thanks, mike. in our last installment in our energy series we told you about our strategic oil reserves hitting an historic low. that number has only declined since. and now sits at under 372 million barrels. of the maximum withdrawal amount per day is 4.4 million barrels. so, if that were the country s only supply, it would last less than three months. some lawmakers and economists say that puts the u.s. at risk. national security risk. now, they must figure out how to re-fill the stockpile while ....
The nasdaq fell 4.2%. that s the worst weekly climb this year. the first significant read on inflation in 2023, the consumer price index that comes tomorrow. also this week, readings on sales, housing starts and jobless challenges and gasoline $3.42 a gallon. which super bowl ads were worth spending $7 million this year? wait, i can erase my exes? i don t even remember this guy. what about that dunk in the third quarter? what dunk? let s bring in alisa lacey. that ad did disappoint. what made it effective? i think we ve faced common themes we ve had celebrity-heavy super bowls for a number of years now. ....
Weakest year since 2014. high prices and mortgage rates kept buyers out of the market but economists expect sales will ramp up again as mortgage rates fall. looking at markets around the world, european markets have opened higher, they re up. asian markets are closed for the lunar new year holiday. on wall street, stock index futures are barely mixed here. the dow and the s&p look to try to bounce back after the first weekly declines of the new year. tech heavy nasdaq finished higher notching the third consecutive week of gains. bloomberg this morning is reporting spotify could be the next big tech name to announce job cuts. the number of layoffs at the streaming service expected this week not immediately clear, but we have seen these big tech companies unwinding some of their super aggressive hiring sprees over the last couple years. inflation watch, gas prices holding steady at 3.42 a gallon. up next, gdp numbers for the first quarter. jobless claims, new housing data and the pce ....