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prices, high consumer spending and markets fighting off fears of the omicron variant. those are all positive signs pointing to a strong economy, wages, also expected to increase for employees next year. the white house working to temper expectations ahead of this report. janet yellen reportedly urging lawmakers not to be spooked by new inflation numbers as they continue to consider the price tag of president biden s social spending bill. what does all this really mean? let s bring in christine romans. when it comes to higher prices, look, we can all attest to that. we have seen it in different areas. what does this report tell us? these are the numbers that really quantify the gut punch for american consumers. that gut punch that feels like it really peaked in november. 6.8% is a big number. back to the 80s when stevie wonder and ebony and ivory was at the top of the charts, we were wearing clogs. this is not something we have seen in modern times, numbers like this. ....
hitting new low. david spunt live from the white house with the latest. david: the president and his top aides are well aair of that statistic that we are seeing the inflation rate at 30-year high, highest in 3 decades. that s significant for this white house. nay are aware of the fact and they are also looking at all of the different polls. aides say they don t pay attention to poll. there s a new poll that we want to share with you from abc news and the washington post. looking at the president s overall approval rating, 41% approving, and 53% disapproving, 40% 47% rather approving with 49% disapproving and the economy 39% approval and 55% disapproval. gas prices continue to climb, store shelves in many cases bare and the cargo ships continue to sit in the parking lot, ocean parking lot wait to go pull into port and weeks after we reported the story there s still the backlog and don t forget the trucker shortage. that s certainly of concern to the president. every ....
to the capitol. when he emerged after a meeting with house democrats, the message was take your time. i m telling you, we re going to get this done. it doesn t matter when. it doesn t matter whether it s in six minutes, six days, or six weeks. we re going to get it done. now, standing with the president as you saw there, house speaker pelosi, whose message all week was proitd pretty much the opposite. that turns out to be wishful thinking on her part. the bottom line remains the same. getting it done for democrats and the president means satisfying progressive lawmakers who successfully blocked a vote on the infrastructure bill without alienating two sen stribt senators, joe manchin and kyrsten sinema, who have been pushing against the kind of sweeping legislation that the progressives and the president want. the president today did not bridge that gap. at least publicly. the question now, will members of his party use the time he apparently bought for some bridge b ....
with house democrats the message was take your time. i m telling you, we re going to get this done. [ inaudible ] it doesn t matter when. it doesn t matter if it s in six minute, six days or six weeks. we re going to get it done. standing with the president as you saw there house speaker pelosi whose message all week was pretty much the opposite and that turned out to be webful thinking on her part, regardless of the timing, though, the bottom lean remains the same. getting it done for the democrats means satisfying progressive lawmakers who successfully blocked a vote on the infrastructure bill without alienating joe manchin and crist en sinema who had been against what the president want. they did not bridge that gap. will members of his party use the time for bridge building of their own. joining me is congresswoman jayapal. thanks for being back with us. you called this last night when you said that this wasn t going to happen. what is the position of your cau ....
to conflicts in ukraine and syria, and raised concern over attacks injerusalem and the surrounding region. you re watching bbc news. now it s time for talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. the cost of living has been going through the roof, but can it possibly go up even more? and do prices ever really come down? we re going to be looking at how those prices get set and what goes on behind the scenes between growers, suppliers and the shops themselves. i m going to be discussing all of that with this crack team. there they are. commodities expert kona lasker haque can tell us where the markets think prices of raw materials are heading. kai markus mueller, who s the neuroscientist who gives us the psychology behind the way shops set their prices. and christel delberghe, she s the boss of eurocommerce, which represents the big retailers in some 27 countr ....