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Transcripts For MSNBC Velshi 20240707

good morning. it is saturday may 14th. according to the latest survey, americans view inflation as the top problem facing the country right now. this is no surprise as the price of everything is rising. there s a lot more going on behind the scenes. i want to get in to it with gas prices. it rose averaging $4.42 a gallon, according to the automobile association. a top $4 per gallon in every state, well above $5 a gallon in california and hawaii. this leads us to the discussion of crude oil prices. the biggest factor that affects how much you pay at the pump. over the past 20 years, it s important to look at it overtime. the price of crude has had peaks and values. you can see the rise starting in 2002, then the fall after the 2008 recession, then another sharp fall in 2014, and then another in 2020, the beginning of the corona pandemic. oil falls when people use less than the world produces. now let s go to socks. i prefer to focus on the s&p 500. it is a better representatio

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