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streak could be ending. meanwhile, the busy father s day and juneteenth holiday weekend was a nightmare for airline passengers. according to flight aware, more than 900 flights were canceled sunday across the u.s. since thursday there have been more than 4,000 flight cancellations, another 1,500 flights have already been canceled today. let s bring in cnn chief business correspondent and early start co-anchor christine romans. we were talking last week about a vibe shift and, man, does it feel like we are right there. it really does. the mighty american consumer, the backbone of the u.s. economy remains strong but how long that lasts in the face of decades high inflation, that s what experts are scouring the data for. now, gas prices have been a daily tax on families and sentiment. prices at the pump have stopped rising at least, the average price per gallon dipping below $5 to $4.98 but the busy summer travel season is about to start, that could push prices highe ....
Again and russia s war on ukraine could keep oil prices high for some time. at the same time we are seeing signs americans are changing how they are spending their money. households are cutting back on the big ticket items as prices soar there. may s retail sales pell .3%, that was driven by a 4% drop in car sales. car prices are at record highs, airfares are rising too. u.s. flight bookings dipped 2.3% in may. americans have pulled back spending on services in about the past four to six weeks on things like dining out, travel, air cuts, home cleaning and this is all americans up and down the income ladder. higher income americans unnerved by big stock market losses. there had been hope consumers would shift spending from stockpiling goods during the pandemic to now splurging on vacations and eating out. so watch this space here. and we can see that higher prices are beginning to eat into ....