which is good news for wall street. boeing announcing its plans to slash 2,000 hr and finance jobs. and an earnings watch, uber and disney are set to report later today. and gas prices fell a penny overnight now sitting at $3.45 a gallon. zoom the latest to announce a round of job cuts, it will layoff 1300 workers or about 15% of its staff. in a memo to employees, the chief executive said he made mistakes in growing the company so quickly during the pandemic. ceo and other executives will take a significant pay cut because of it. and president biden heckled by some republicans during the state of the union. how he reacted, ahead. and how many spying eyes in the sky does china really have. and effortlessly responds to both of f you. our smart sleepers get 28 minutes m more restful sleep per night. proven qualility sleep. only from sleep number.
microsoft, they hired too much over the past few years and now tech ceos are unwinding that pandemic hiring spree. markets around the world this tuesday morning. european markets are mixed. asia closed for the week. chinese markets closed for the week. new data shows modest growth in business activity in the eurozone. wall street, stock index futures leaning down after a big rally on wall street led by tech. bad news on main street is good news for wall street. investors cheering all of that cost cutting and layoff and tech. the fed will slow the interest rate in hikes. it s been a strong year after a lousy 2022 so far. look at the nasdaq, up 8.6%. the s&p 500 up nearly 5%. the dow up 1.5%. on inflation watch, gas prices rose three pennies. 3: $3.45 a gallon.
reporter: of course gas prices is something americans are keeping a close eye on. the white house trying to promote to americans and voters in and around these jobs numbers. arlette, we ll leave it there for now. thank you so much. all right. even though gas prices are now lower than they were, they might not say that way much longer. cnn s pete muntean looks at what is behind the prices and how long it will last. reporter: a key meeting on sunday. the latest is opec will not raise prices. the latest numbers from aaa, now $3.45. think about where we were in february 24. we are now well below that number. gas prices are starting to stabilize. we have seen it go down 13
french history in that part of the united states, christine. interesting. thank you so much. back here inflation issue number one for americans for a year now is prices at the pump. a gallon of a price of gas cheaper than it was before russia invaded ukraine. the national average $3.45. below $3.54. the price of gas has dropped nearly 15 cents in the last week and more than 30 cents over the past month. now to a storm system expected to bring heavy snow. in california they are already blanketed with snow with another 2 feet this weekend. how much could they see? this is not a typo. 1 to 3 feet from two different storm systems right now. just in time for meteorological winter which started yesterday, by the way. remember, astronomical winter
occupant of this covid crash and get to a more normal level, but the job market is just still strong. third quarter, the economy grew 2.9%. you re seeing signs of inflation starting to cool, but the ko consumer is still driving things forward. what i learned about the economy this week is it is showing a really robust strength here at a time when the fed is trying to slow it down so inflation isn t a permanent problem. we re expecting another rate hike later this month. christine romans, we ll take this good news. a really strong jobs report. gas prices are falling across the country. also good news here. today s average hitting $3.45 a gallon, finally returning below where prices where when russia invaded ukraine in january. it s down 30 cents from last month. it was above $5 earlier this summer. pete muntean is outside a gas station in alexandria, virginia.