Willis with the pain at the pump and casey stegall with how flyers are returning to the skies. First, alex in new york city. Alex? hi, charles. A lot of festivities taking place around the country. If you picked up fresh fruit, the price went up 1. 5% since april. If chicken made your cut, it s 31% more than this time last year, this try of chicken wings in new york city cost me $9. Last year it was $6. 87. In the last 12 months, prices have increased 2. 4%. Eating out isn t much better. Restaurant food, 3. 8%. The consumer prices jumped 4. 2% exceeding the 3. 6% expectation. It s the greatest increase in 12 years. Keep in mind economists a tribute that to the economic fallout during the pandemic. The last time inflation grew this was 2008 after the recession. There s additional price changes this year. In terms of travel and transportation, used cars and trucks spiked 21%. Motor vehicle insurance is up as well as airline fares. Aaa pro predicts 37 million americans will travel this su
rioters stormed the capitol one year earlier, president biden cast donald trump as holding a dagger at the throat of america, spreading lies that undermined core democratic values. a remarkable speech on a remarkable day, cnn s jasmine wright joins us live from washington. good morning. what do we know? reporter: that s right, christine. we can think of it as a political reset of sorts. really, president biden over the last few months has had a lot of highs, but also some lows. so really at the start of this year, it was one of, if not the strongest speeches that he s given since being in office for about a year, and it did something, as you said, he has been reluctant to do. it took on former president donald trump directly. and even though he did not say him by name, about 16 times he made references to the former president, the former defeated president, and i think it really is a strong look at president biden because he did spend a lot of time writing a lot of parts of
good afternoon lucas. good afternoon mike to ours by the first air force c-17 arrived in indianapolis curing 70000 pounds of for to fill half a million baby bottles. the pallets are now being loaded onto fed ex trucks waiting next to the plaintiff. the first time in history the u.s. military has launched an emergency mission like this to rush critical nutrition to millions of hungry american babies. some are calling this disaster relief here at home. normally the military wise admissions like this to countries devastated by war, famine or national disaster but only three companies make about 90% of the nation s baby formula. the white house says that needs to change. have a president now is saying you need to pursue competition across the economy in this sector and in others by creating more pathways for businesses and entrepreneurs to get into these markets. president biden secretary of agriculture, tom vilsack out on the ramp coming off the plane writing and to the w
a very warm welcome to the programme. breathing life back into the high street that s expected to be one of the focuses of the queens speech later today as the uk government promises to rid britain s high streets of derelict shopfronts and help to restore neighbourhood pride. more money will be given to local authorities and extra powers will enable councils to force landlords to rent out empty shops. the plans are also set to include the ability to make pavement cafes a permanent part of the town centre landscape. joining me now is andrew goodacre, ceo, british independent retailers association. how far will this go to reviving high street? we reviving high-street? we welcome reviving high-street? we welcome a reviving high-street? we welcome a focus - reviving high street? - welcome a focus of regenerating high street, solving the problem of renting properties. they destroy the image of high street and make it seem as if it is not successful so that does need to be
we start on the markets because a day after wall street closed at new record highs the jitters have returned. but i don t seem to have a camera! what i can do is. you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields the effective interest rates on government debt have soared again. the yield on the 10 year us treasury bond hit almost 1.75% its highest since the very start of the pandemic back injanuary 2020. what s that telling us? that investors are scared inflation is about to take off and interest rates will have to rise soon. that s despite reassurances to the contrary from the head of the federal reserve. we d had about a 45 basis point jump in that treasury yield, and during that time, that is when we saw the nasdaq sell off more than 10%. so the question here is, what does it look like on the chart now for the treasury yie