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Fed official say it is likely interest hikes could stay at 25 basis points rather than something bigger. all three indices are on the way to a positive week. and citigroup announcing that it will cut hundreds of jobs across several divisions and mortgage rates climbing for the fourth week in a row. 6.65%. and gas prices rose two pennies, $3.37 a gallon. tesla announcing plans to expand production and build a new plant in mexico. but shares fell nearly 6% after elon musk failed to offer details on a new generation of products during investor day on wednesday. and who was watching that investor day? dan ives. they had a terrible last year. what is happening for tesla investors some. 2022 is harsh really because of the musk/twitter situation, a that was a huge overhang in the ....
Here i d call that, stocks fell as bond yields rose. economic news coming in strong meaning inflation and interest rates could stay higher. mortgage applications fell to 28 year lows as home buyers are pulling back there. on inflation watch, gas prices rose a penny overnight, $3.37 a gallon. and jobless claims are expected to stay below 200,000 for a september weeseventh week in a . and it is tax time and your return might look different. first expect a smaller refund.m. and it is tax time and your return might look different. first expect a smaller refund. many tax breaks have changed. for tax year 2022, the maximum child tax credit is $2,000 per kid if your income is below $200,000 or 400 grand filing jointly. above those levels credit starts to phase out. and that is at least $1,000 less than the covid era enhanced child tax credit that expired at the end of 2021. ....
Decline in the nasdaq. it was a strong week overall, and a strong start to 2023. the s&p , let s see, we re watching down markets there. nasdaq up 3%. five-week winning streak there. shockingly strong jobs report friday has investors worrying what the next fed hike move is. and next this week, we ll get more information. from jerome powell, state of the union address, and weekly jobless claims. another week of big earn, pepsi, uber slated to report. inflation, gas prices falling a penny, $3.37 a gallon. let s bin in ken robach. ken, nice to see you. what do you make of that jobs report friday? well, i was shocked. if you told me it was minus 100,000. it s over 500,000. incredible. it s a good thing. ....
Gallon. so, i hate to say this, i think the inflation problem is not behind us, its in front of us. sandra: nobody likes the high gas prices, the national average, 3.37 currently, that is up from a month ago, and up significantly more than a dollar from a year ago. what the consumer is dealing with, and what the voter has in front of them. we are seeing inflation is hottest in 2022 battleground states, continuously increasing consumer price index is worrying swing voters. you are seeing this reporting happening across the board. does that worry you as a democrat, robert? what worries me is american. so, politics aside, inflation is not a good thing. as you said, steve and i have been on the same side inflation was here before, it s here now and for the foreseeable 2022. i could also say the glass is half full. we had north of 5% g.d.p. in ....
Of a hole. that report is out at 8:30 a.m. we will break that on new day. now to the price the at the pump. opec stays the course. agreeing to add 400,000 extra barrels of oil to world supply in january. this is a really closely watched move from capitals around the world. demand is surging for oil. the u.s. and its allies had asked opec plus to release even more when the cartel did not, the u.s. and nations released millions of barrels from their own strategic reserves to try to cool off gas prices. in a statement, opec plus said it is ready to make immediate adjustments if required. the group s next meeting january 4th, a look at gas prices in the u.s. right now 3.37 for a gallon of regular, down from last month. but up sharply from last year. the biggest factor in oil this week actually is the new variant, the omicron variant, and concerns it could close factories and hamper travel around the world. of course, that would depress the economy and lower gas prices. where have all ....