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yet it still plans to launch its own! let s start in the us, where president biden has announced plans to release 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. the move is being taken in parallel with other major oil consuming nations including china, india, japan, south korea and the uk. but what impact will this have? our north america business correspondent michelle fleury sent us this report from new york. the cost of petrol will be at the front of american voters mines this week as they travel for the thanksgiving holiday stopping a mismatch between demand and supply during the pandemic has pushed up prices to their highest level in seven years. with his approval rating thinking partly because of inflation, president biden was moved to act. inflation, president biden was moved to act. i ve worked hard these past moved to act. i ve worked hard these past few moved to act. i ve worked hard these past f ....
liable and ordered to pay millions of dollars. but will the plaintiffs actually be able to collect? and with gas prices soaring, president biden is making moves to try to ease the pain, but many experts say it s just a drop in the bucket. announcer: live from cnn center, this is cnn newsroom with rosemary church. we are waiting for jurors in georgia to decide the case against three white men accused of killing ahmaud arbery, an unarmed black man. they deliberated for more than six hours yesterday. the last argument they heard came from the prosecution, who used their rebuttal on tuesday to remind the nearly all-white jury about the racial implications of the murder case. cnn s sara sidner has more now from brunswick. when three people chase an unarmed man in two pickup trucks with gun in order to violate his personal liberty, who gets to claim, i m not really responsible for that? under the law in georgia, no one gets to say that. reporter: the prosecution ....
charlottesville are liable and ordered to pay millions of dollars, but the defendants in the case are destitute. none of them have any money. i don t know how the plaintiffs are going to get any of this. and with gas prices soaring, president biden is making moves to ease the pain. many experts say it s just a drop in the bucket. announcer: live from london, this is cnn newsroom with isa soares. hello, everyone. it is wednesday, november 24th, and just hours from now jurors in brunswick, georgia, will begin their second day deliberating the case of three white men charged with killing ahmaud arbery, an unarmed black man. now, the jury spent just over six hours on tuesday deliberating the racially charged case, garnering really international attention. here s cnn s martin savage with more. reporter: the jury deliberating the fate of the three men accused of killing a black man running through a coastal georgia neighborhood last year. the law of the case ....
probably helped fuel a subsequent covid surge in this country. this year americans are hitting the roads and the skies with travel expected to be way up from last year to near pre-pandemic levels. and gas prices are the highest they ve been, though, in years. on tuesday president biden announced the release of u.s. strategic oil reserves in a joint effort to ease gas prices along with china, india, japan, south korea and great britain. while our combined actions will not solve the problem of high gas prices overnight, it will make a difference. it will take time, but before long you should see the price of gas drop where you fill up your tank. and in the longer term, we will reduce our reliance on oil as we shift to clean energy. truly a unique holiday this is. vax-giving than thanksgiving. it is one of the busiest travel days of the year. the crowds will remind you of pre-pandemic times. preside aaa estimates travel will be up 80% over last year. it s a holiday t ....
let s start in the us, because after months of speculation, joe biden has nominated jerome powell for a second term as fed chair. the role is known as the most powerful economic position in the world and the financial markets initially reacted positively to the announcement, with the s&p 500 hitting a record high before retreating. lael brainard will be vice chair of the central bank as it wrestles with high inflation which, if it lasts, could play a pivotal role in congressional elections next year. the bbc s michelle fleury has more from new york. four years ago president trump backed tradition by appointing jerome powell instead of re nominating janet yellen to become chair of the us federal reserve. he become chair of the us federal reserve. , , ., reserve. he is strong, committed, reserve. he is strong, committed, smart. i reserve. he is strong, | committed, smart. he reserve. he is strong, committed, smart. he eventually soured on him, committed, smart. he ....