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susan li has shown no food spikes have a sign of ending. let s begin with kelly. hi, charles. the stock market is now in bear market. everything was done as we take a look at the red hot inflation data and they liked it less. the s&p 500 closed 4% down. the dow lost 900% and more pain is expected tomorrow that will likely near or be worse than friday s cpi. markets have flunk wildly as investors decipher how the central bank will raise rates. that s why investors broadly unloaded riskier assets. the national average hitting over $5 a gallon this weekend. records are nothing new. we ve seen new highs across the country. for context, to fill up a toyota camera, that cost has soared 63% versus last year. now it will cost you $79 at the national average. charles, we spoke to frustrated drivers here. they re beginning to change their habits. when is it going to end? it s a lot to take in. you have to get it. it comes in to play every single day, do i want to drive to t ....
Gears. we re hearing reports that some democrats are moving away from president biden. what do you make of that? well, i think that this election in 2024 is going to be all about the comply and the pocketbook. we always see switchings like that. if people are hurting financially, that s the most important issue. other issues are secondary. this president hasn t made a pivot to show that he feels the pain of americans as much as he talks about it. he s continuing his course. people don t feel like he gets it. meme don t feel like he will make the changes. if democrats want to stay in, their best hope is someone else. i don t know who that will be or how that could come to be. right now republicans have the edge. the generic people, republicans up. president trump is well ahead of the democrats as well. so i think it s going to be really hard for any democrat to make the case that he or she will make the economy better. i think right now the mental ....
He went to visit folks in texas and north dakota. much shorter. we could get the gas. we have it. we should be up to 15 million barrels a day production and we would be if trump were president. we re now we re at 10 or 11 million. we re way belower where we should be. there s no question about it. that s a factor that has led to the huge doubling of the price of oil that we re seeing on the screen. the prices are getting worse. it s very frustrating. we have more oil and gas than any other country in the world. i love the way you put it. let s get the oil and gas from alaska, north dakota, pennsylvania and texas and not from and don t forget venezuela. apparently they re going to give chevron an okay to do business ....
Afford the electric collar that the senators are talking about, don t worry about $5, $6 a gal gasoline. i want to ask you about this market. golly. i mean, the only thing that stops it from going down is the closing bell. well, look, it s looking right now like it s very difficult to avert a recession right now. you ve got a panic among investors, record low consumer confidence, record low small business confidence. it s simply an absence of leadership in washington. it s showing. it s really a precarious situation. i hope we can skate around a recession, but looking more doubtful every day. we ve lost $11 trillion in the last few months in the stock market. thank you for your wisdom. ....
Jardiance is a once-daily pill that.not only lowers a1c, it goes beyond to reduce the risk of cardiovascular death for adults with type 2 diabetes and known heart disease. and jardiance may help you lose some weight. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis or an allergic reaction, and don t take it if you re on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. a once-daily pill that goes beyond lowering a1c? we re on it. we re on it with jardiance. ask your doctor about jardiance. charles: to the u.s. southern border. thousands are heading up to the ....