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sandra: america s energy crisis, president biden will ask congress to suspend the gas tax for summer. critics say it will have little impact on american wallets and could make the inflation situation worse. hello, welcome, everyone, i m sandra smith in new york. hi, john. john: i m john roberts in washington and this is america reports. the president will request a three month suspension of the gas tax through september, currently $0.18 a gallon for gasoline. $0.24 a gallon for diesel. studies show a move like this does not save people all that much money but does cost the government billions of dollars in revenue. sandra: former president obama famously called it a gimmick in 2008, and all of this as we expect president biden to pin the blame once again on his favorite bogeyman, vladimir putin. jacqui heinrich is live at the white house. hi, jacqui. jacqui: good afternoon to you. the president is expected to call on congress to extend a federal gas tax holida ....
Care. Look at what is happening, Insurance Companies are pulling out. 0bamacare is a fallacy, it is gone. We need health care, we need to cut taxes. We will cut taxes. It will be the biggest tax cut in the history of our nation and that is what i want. It will bring back companies, it will bring backjobs. We lost so manyjobs it will bring backjobs. We lost so many jobs and we will change that. We will have expansion. You look at what is happening with ford and General Motors in mitch can an ohio, you look at the tremendous number of jobs being announced, that is what i am proud of and that is what we will focus our am proud of and that is what we will focus our energy on. Am proud of and that is what we will focus our energy on. There was no collusion. And even my enemies have said, there is no collusion. We want to keep on the track we are on because the track we are on ....
Care. Look at what is happening, Insurance Companies are pulling out. 0bamacare is a fallacy, it is gone. We need health care, we need to cut taxes. We will cut taxes. It will be the biggest tax cut in the history of our nation and that is what i want. It will bring back companies, it will bring backjobs. We lost so manyjobs it will bring backjobs. We lost so many jobs and we will change that. We will have expansion. You look at what is happening with ford and General Motors in mitch can an ohio, you look at the tremendous number of jobs being announced, that is what i am proud of and that is what we will focus our am proud of and that is what we will focus our energy on. Am proud of and that is what we will focus our energy on. There was no collusion. And even my enemies have said, there is no collusion. We want to keep on the track we are on because the track we are on ....
Office is trying to control the press, trying to designate specific journalistic cover his visit to mali tomorrow. Navy vet withu. S. Two prior arrests for driving while intoxicated has been taken into custody after his car plowed into 23 pedestrians in times square this afternoon, killing one of them. Witnesses say Richard Rojas appeared to be intoxicated. Witnesses also reported that he drove the wrong way and on a sidewalk for at least three blocks, mowing down pedestrians. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in your, im julia chatterley. The we are 30 minutes from close of trading here in the u. S. Julia u. S. Stocks rebounding from the worst daily say law of the year. Scarlet newfound credibility for the russian inq ....
Go, go go big or go home go, go welcome to power lunch. As melissa mentioned a major average is bouncing back a bit from yesterdays big selloff as we take a look at the dow right now, we are higher by about 40 poin points s p 500 up by 60. Walmart is up over 2 on the back of their Earnings Report out before the bell. Meanwhile, cisco down sharply. The Company Giving i a weak outlook for the Current Quarter and announcing 1,100 new job cuts. Shares of Athena Health up 20 . Disclosing a big stake in the company and saying its shares are, quote, significantly under belly. Tyler . Thank you very much, courtney. Welcome, everybody. We begin with breaking news. Sue herrera as your news desk, sue . Right now we know one person has died, 12 others are injured after a car s ....