you, i m abby philip in new york. with the political heavyweights ready to go, we are following the key races across the country and the big names rallying behind candidates who could shift the balance of power in washington. let us start in the state of florida where the president is headed today. cnn s jeremy diamond is out there for us. so president biden is bringing a new message, the extreme maga republicans to florida, but privately his aides are telling you and our other colleagues that this is not necessarily about making these two races, the senate and the gubernatorial races competitive this fall. reporter: a spoke with democratic strategists who say they do not have high hopes that the president s visit will shift a race that appears to be heading in the governor s race and in the senate race in republicans direction but a week from election day we are very much in the closing argument phase of this election and the president s advisers have told me that they se
profits and prices are have fully recovered from covid, as you can see on that chart u.s. oil production has not. they are producing a million barrels less a day than during the peak in 2019. now, the question is how do you fix that? some democrats are pushing this windfall profit tax which would essentially be a surcharge on top of oil company profits and they could return that to consumers in the form of a rebate, not surprisingly the oil industry thinks that s a terrible idea but got some support from larry summers today, the former obama and clinton official, he said that a windfall tax profit would actually backfire because it would discourage investment, which is exactly the opposite of what you want to do. abby, no easy answers here, especially if you ran as a pro-climate president as this one did. yeah, especially given that this threat is coming at a political time when the president wants to make a point about being tough on oil companies. i did want to ask about food. fo