u.s. tech giant not announcing substantial layoffs. but some analysts predict modest cost cuts could come next. looking at markets around the world, european markets are mixed. china will fully resume travel. big boost economically for the region. on wall street enindex futures e leading lower. yesterday was the best start for the year for nasdaq since 1975. and s&p gained more than 1%. but then there are a bunch of tech earnings after the bell. alphabet, apple and amazon all reporting disappointing results. and meantime mortgage rates fell for a fourth week in a row, 30 year fixed rate now 6.09%. on inflation watch, gas prices falling a penny overnight. and the first jobs report of the year due out later this morning, expectation is 185,000 jobs forecast added in january. jobless rate ticking higher to
prices right in the pits of their stomachs and the folds of their wallets. about $6.43 average per gallon, so this gas station behind me at $6.09 considered a bargain. people here telling us stories about how hard they re being hit, they re changing some of their summer travel plans, we talked to a 72-year-old woman, a career counselor, her husband retired, and they are now recalibrating how to take those 100, 200 mile day trips. we re curtailing a lot of what we re doing. not taking any even short trips like going up north to or down south to san diego. it it is crazy. it went up a dollar in a week to $6.39 now. and we fill with quarter tank and it will probably last us for the rest of the day, if not we have to fill up later on today again. reporter: so alexis and his
two months. not enough, but it moderated. it s come down. and we need to come down much more quickly. as you can imagine drivers in california are frustrated, many are being forced to find alternate ways to get around. listen to this. we re curtailing a lot of what we re doing. not taking any even short trips like going up north, love to go down there, or down south to san diego. it went up a dollar i think within a week, went from $5.39 to $6.09 is what it is. and we only have a quarter tank and it will probably last us the rest of the day. if not, we ll have to fill up later on again today. and it is not just gas prices. new government inflation report shows the steepest inflation spike since 1981. despite that, u.s. president biden says that the economy overall is in the position of strength. here is white house correspondent arlette saenz.
them, be prepared to pay a little bit extra. prices are up nearly 10% compared to one year ago. hot chili sauce fans are in trouble, too. the makers of sir a.j. aftera say they expect a major shortage of the popular condiment because of issues like bad chili pepper crops from the spring harvest. you are next hour of cnn newsroom starts right now. a massive crowd of demonstrate stwritors make their way from brooklyn to manhattan. keep marching. it has to become an election issue. our enemies are not left or right. our common enemy is gun violence. the national average for a gallon of gas setting an all-time record. here in california, this is considered a great deal at $6.09 a gallon? we are curtailing a lot of what we are doing. not taking any even short trips.
paul, californians, they re supposed to be laid back, but they re not about these gas prices. reporter: no, they are not, jim, and in fact, they re feeling it right in the pit of their stomachs and in the folds of their wallets. look behind me, this is considered a good gas price here in los angeles. $6.42 is the average here in california. this is $6.09. why is it so high? california has a legendarily high gas tax, $0.50 per gallon. this tax used to improve those roads and infrastructure and californians almost look at it as a birthright to go on weekend road trips once the weather heats up. we were talking to a 72-year-old woman. she works as a career counselor. her husband is retired, and those 100, 200 mile day trips, they are starting to disappear for this couple. we re curtailing a lot of