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Analysts blame the heat and cuts in oil production. a year ago a gallon of regular unleaded cost $4.36. potential u.s. strike has been called off for now. the shipping giant and teamsters have reached a tentative deal on a new contract. amongst the issues raised were air conditioning for delivery vans, demands for significantly greater pay and closing of pay gaps between workers. the tentative agreement still needs to be ratified by about 340,000 u.s. teamsters to end the threat of a strike all together. ceo of one of britain s biggest banks resigned late tuesday night after admitting that she leaked financial details about brexit campaign and nigel farage. she said she made a serious error of judgment by discussing it. last month farage revealed he had been dropped by a dmajor ....
Four-decade high inflation. up 9% year over year in illinois, mother of three and special ed teacher ali alvarado says it s taking a financial and emotional toll clothing up 5%, gas up nearly 60%, food prices up 10.5% forcing them to cut back and now it s back to kind of paycheck to paycheck and watching to make sure we re not going into overdraft. reporter: at a food bank in loudoun county, virginia, so many families are asking for help they ran out of food after 90 minutes today we are seeing 20 to 25 new families each week that are coming in that are new to us that have never gotten our services before. reporter: meanwhile, a new aaa poll finds 88% of those asked are cutting back on driving due to high gas prices while prices have recently dropped they re averaging $4.36 a gallon nationwide all of it adding pressure on the fed expected to raise interest rates another three-quarters of a percentage point this ....
Aaa poll finds 88 of those drivers are cutting back on driving due to higher gas prices, while prices have recently dropped, they are still averaging $4.36 a gallon, nationwide. all of it, adding pressure on the fed, expected to raise interest rates and other three quarters of a percentage point this week. just a second quarter gdp numbers could signal that the economy shrank for two quarters in a row. a common definition for recession. but americans are still spending, and employers are still hiring. president biden says there is just a recession is not a done deal. i don t think we re gonna see recession. we have got a lot to cover on this. here to help me break it all down, brian deese, director of the national economic council for president biden s white house. brian, there s all of this talk about a possible recession, and a technical definition of what it means. let s forget that and just get practical. explain to us, the health of our economy right now? well, we are in a t ....
News tonight for anybody about to take a summer road trip gas prices across the country are still falling. today, the national average hitting $4.36 a gallon according to aaa. that is a 65 cent decrease since prices peaked in june the baseball hall of fame in cooperstown, new york inducted seven players today, including three-time world series champion david big papi ortiz he is a legend, of course, for boston red sox fans and he was inducted in his first year on the ballot now to an amazing sight that lit up the skies over the northern u.s. last night. look at this video from a remote area of montana. those are the northern lights, putting on an incredible show, glowing right above a mountain ridge that you can kind of spot in the distance there. it is rare to see the northern lights in the continental u.s., but this weekend, they were spotted from washington state all the way to michigan. there will be a new addition to the ....
I m not saying that we will definitely avoid a recession, but i think there is a path that keeps the labor market strong and brings inflation down. and here is a quick check of the markets now as concerns about the economy simmer, markets looking open to mixed, dow down, s&p 500 is down and nasdaq up as you can see there in the green. but there is good news at the gas pump, aaa reports prices are continuing their steady decline, for now averaging about $4.36 a gallon, that s down from nearly $5 a month ago. okay. still to come, there are growing concerns over the deal to export ukraine s grain after a missile strike at the odesa port. cnn s ivan watson is live in ukraine with the details. reporter: that s right, christina. i will have an update on russia s ongoing blockade of ukrainian ports and the latest ....