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When the closing bell rang friday the news wasn t good. the dow dropped 486 points to its lowest level since late 2020. all this as inflation is hurting americans at every turn. inflation, gas prices, fuel. it s all up. reporter: since last year new car prices are up 10%. food is up 8%. and electricity, up 15%. while oil prices fell to an eight-month low and gas prices have dropped in recent months, they re still too high for marilyn park in san jose, california. makes me think twice before i drive out of the way. reporter: in pinellas, florida, saying this man s rent rose so much he had to give up his home and now lives in a tent set up as a temporary shelter. literally a short conversation sunday afternoon completely changed my life. reporter: the federal reserve hishged interest rates against this week in an effort to cut inflation by slowing the economy, but that also means ....
0 next. see you in tonight double trouble. it s the fury of fiona. deserve stating and deadly from the maritimes to puerto rico. in florida, state of emergency with ian threatening to be a major hurricane. a rush to get ready. we ll have the latest forecast. also tonight ukraine referendums. russian soldiers go door to door for votes. russia holding elections in occupied territories to push through a vote to annex it. plus, stock markets fall as americans feel the pitch. i m michael george on wall street with impact on the cost of food, homes and travel. and later a seal saga. schubert turns himself s in after evading capture and captivating a community. announcer: this is the cbs weekend news from chicago with adriana diaz. captioning funded by cbs good evening. with begin with breaking news or two fronts. the second storm, ian a threat to the mainland but we begin in canada. what was hurricane fiona roared through five provinces with drenching rains and powerf ....
Even at this hour. reporter: the probability is high, yes. i want to ask you, we have had reports from miami-dade about 48 arrests for looting. have there been any reports in your area? reporter: so, i saw that same report, sign thecynthia, about taking place in the miami area about looting and arrests. for this area specifically in hillsborough and pinellas counties, they had curfews. in pinellas, which is clearwater and over in the area of st. petersburg, they had a curfew that went into effect at 5:00. here in hillsborough, they had curfews that went into effect at 6:00. now, earlier when we heard from sheriffs, they say they had no incidents to report of anybody that was breaking curfew or incidents they were responding to of a nature like we ve been seeing early this morning and overnight out of miami. if i get new information on that, i ll bring it to you right ....