♪ ashley: little ccr for this thursday morning. empire state building points skyward and partly cloudy skies in new york city this morning. good morning, everyone. we're right coming up to 10:00 eastern and, yes, i'm ashley webster in today for stuart varney. the markets moving higher and

all the major exchanges down more than 1% and the dow up 272 points and the s&p 500 up one and a third percent and nasdaq up nearly 2%, 191 points on the nasdaq. 10-year treasury yield coming down 3.2 basis points at 3.85%. take a look at big tech name ifs we can. apple managing to snap a four-day losing streak and moving higher up two and a third percent. meta also up strongly 2.6% but amazon, alphabet, microsoft all moving higher. bitcoin also moving higher, up $15 at 16,625. all right, chaos at the airports and if you think it's over, it's continuing for yet another day. 3,000 southwest airline flights have now been canceled today alone. but remember this, transportation secretary pete

buttigieg said travel issues would be better by the time holidays rolled around. roll tape. >> do you think this issue will be sorted in time for the holidays? >> i think it's going to bet better by the holidays. we're really pressing the airlines to deliver better service. ashley: yeah, how did that turn out for you? sean duffy joins me now. sean, this is a transportation secretary who is almost absent when it came to the supply chain meltdown. now we have a meltdown of southwest airlines, thousands of people trapped in airports. he's always late to the game, isn't he? >> yeah, just to talk a walk down history lane, ashley, go back a year ago when we had ships in ports waiting to come in, he was on paternity leave for four months, we didn't miss him. he was in portugal a little over a month ago when there was a strike for the rail workers and now he's predicting that airline travel will work when it hasn't been working as we've seen and

you mentioned, airports full of travelers in&all these cancellations and the problem was when he was the mayor of south bend, there were potholes everywhere. he couldn't take care of the infrastructure of south bend as the major and why did we -- mayor and why did we think he would be a good transportation president. we've seen people, 35+ people die in cars in the blizzard in buffalo and there's an open border. they've been an absolute disaster whether joe biden or pete buttigieg, they can't seem to get their act together. going back to airlines and the fact that you think that pete buttigieg is going to do an investigation into southwest airlines and that's going to do anything for southwest airlines and travel? listen, capital markets work and capitalism works and southwest lost considerably, not obviously today as i see, but they've been done and they're going to fix this problem. they're going to come back otherwise consumers, fliers will

go somewhere else and southwest will fix this. pete buttigieg never will. ashley: yeah, you see just doesn't exactly inspire confidence, but i'm going to move on, sean to this story. a new poll found that 47% of americans say that u.s. influence on the world stage has grown weaker in recent years. look at that. just 19% say it's actually gotten stronger and i question the 19%. why do you think our influence is declining, sean? >> i think you've seen a weak american economy and you've seen american leadership focus on things that don't work, whether it's critical race theory or transgenderrism and these woke auditory systemsologists and look at school -- ideologies and school systems teaching garage to our kids and my daughter went to the university of chicago, a great school, and i saw what she was learning and what you put in is what you get out and they're putting in garbage to these

young kids. you know, i think you put that all together and you look at who's actually working for this administration. again, they're more concerned about what the color of your skin is or what, you know, your sexual preference is or how you identify them, how competent you are and the rest of the world sees that and again, we go to the open boarder and you can't control your own border and can't fly airports effectively with your infrastructure and look at that and go america is absolutely in decline, when you're in decline, your influence goes down. that's what's happened around the country and it's sad. you saw with four years of donald trump, some people love him, some people hate him, but you saw america on the rise when you put your country first and your country men first with policies and grow your economy and rely on capitalism, america is an amazing place, ashley. you know that. if you go back to the systems that have always failed whether in cuba or venezuela or the old soviet union and we start doing that here, you get the same results of the economies, which is failure and then therefore a

lack of influence. ashley: donald trump addressed nato countries for note paying their fair share and they stood there like school kids and i love that. sean, we're a country of appeasement rather than leading through strength. sean duffy, great stuff as always. thank you so much. >> happy new year. ashley: happy new year to you too, sean. thank you. a top high school in virginia is being accused of withholding academic awards from students in the name of equity. come in here u lauren. what's this story? lauren: this story makes me so mad. the very prestigious thomas jefferson high school for science and technology in alexandria, virginia. they didn't tell their top students about the honors award, the national merit award given to the top 3% of students in the entire united states of america. they didn't tell them in time

for their early college applications. are you kidding me? that putting their admission and their scholarship, this is the best of the best, these kids likely get scholarships, put those opportunities in jeopardy. here is one mother. she's calling in an organized war on merit. listen. >> the school wanted to recognize students as individuals, not their achievements as if the two had to be separated. it's part of this agenda that's the dumbing down of america. these kids are the ones that are going to be like i said, scientists coming up with our solutions for the things that make us pull our hair out. this war on merit is happening everywhere. lauren: so the school followed up with the colleges to alert them of the change for the affected students, but the idea that they just delayed this, this wasn't important and it shows that meritocracy and hard

work and actually maybe naturally being smart and working on it, it's so de-emphasized these days just to put everybody on the same page, and that's not fair. because you want to look at the smartest kid in that room and say you're investing the rocket that's going to colonize mars or whatever the great vision is. we have to support those children. ashley: it's a race to the bottom and you can't punish achievement and it's just plain wrong. thank you, lauren. gets your blood boiling. back to the markets and i'll take a deep breath. bring in my good friend gary. gary, my last call was december 5, stating that you thought the rally was ending and, boy, were you right. >> nasdaq down 11% coming into today and quite amazing and all we saw at the time is we thought the financials were topping scout if the financials are

topping out in already fragile market, we expected some downside and i have to tell you i did not expect what we've seen and today, look, i think it's part of near term relief rally maybe lasts a few days and i don't think it changes the main trend and that's being one of the more brutal bear markets that really is kind of weird and the dow is only down 10, 11, 12%, s&p 20 and nasdaq's been taking the brunt and i think there'll be more to go going forward but it's going to be choppy near term. ashley: near term any light do you see and that's a very difficult question. any light at all in 2023 maybe the second half of next year and when can things turn around? >> being bearish all of 20122, let me guarantee the viros one thing and 100% of the time bear markets end and 100% of the time bull markets begin and i'm not sure when, i think there's a

chance it's going to be in 2023 and everybody should get very, very focused because coming out of bear markets, garganchuin money can be made and hold up at the end of the bear and strong earnings and revenue growth and find doubles, trimbles, quo -- triples and quadruples and even more and that's the study of bear and bull markets of the new bull and keep first things crossed that sooner rather than later. ashley: we'll have to leave it there, gary. i was going to bring up the fed but i didn't want to ruin your holiday season. we won't get into that. gary. >> happy new years ashley. ashley: same to you, sir. the ceo of goldman sachs david solomon said job cuts are on the way for the company. lauren, come back in. lauren: this will happen in the first half of january so in the next couple of weeks and dave solomon told staff in his

traditional year-end message that layoffs are coming and had about 50,000 employees and reporting 4,000 could be cut and we do not have numbers and we don't have numbers but it's a large amount of people. for the ones that stay, their bonus is likely a lot less so goldman reportedly cutting bonuses by 40%. advising on deals, ipos, bond sales and equally down 40% this year. this is across banks and deallogic puts a number on it saying the little deal making we've seen wiped out $50 billion in revenue for the banks overall and i'm not crying for a banker. they make nice paychecks, but they do tend to rely on really nice bonus at the end of the year and it'll be smaller this year. ashley: take a look at markets and the dow up now 300 points. you're looking at some of the movers and let's begin with netflix. lauren: santa claus is coming to town a little bait lumis he's --

bit late but he's coming. netflix up 4%. a double upgrade in other words from sell to buy at cfra, price target $3.10. they say it's going to be difficult for competitors to catch up to the scale that netflix achieved globally and take a look at amazon finally up and share price cut in half this year, and the impeak spltous today is -- impetus for the shares. tesla on the s&p 500 and it's up. musk said ignore the stock and focus on deliveries instead and piper sandler is looking at all this and i was just looking through a note that they put out. they said, look, obviously tesla's growth could slow next year. recession, rising interest rates, people are just tapped out and might be not as much demand but it's not like tesla's not going to be tesla or they're

suddenly "succumbing to a new wave of competition" so they're long term bulls and it's paying off today. ashley: it is indeed. lauren, thank you very much. now this, a new book claims president biden would grow frustrated by the media's coverage on one particular issue. we'll tell you what it was coming up. also, our climate impact label coming to fast food menus? i'm not making it up. we'll bring you the details on that. and russia used iranian made drones this morning to file several missiles across ukraine including kyiv. we've got a live report from there next.

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ashley: dow up a little bit after maybe a momentum claims and jobless claims showing they gained 9,000 or so from last week and bad news is good news. could that affect the fed? some investors think so and you can see, we have lots of buying across all the major exchanges. now this: russian forces firing more than 70 missiles throughout ukraine overnight and explosions rocking the capitol city of k kyiv. nate foy is there. good morning, nate. what's the latest? reporter: yeah, russia accused of conducting the eighth mass missile strike on kyiv and ukraine said russia launched 69 missiles and 11 iranian-made drones and 15 of the missiles

got through the air defense. right now we know at least three people are hurt in the kyiv region as a result of this, 40% of people in the kyiv region are without power and others lost their homes entirely. look at this. when those missiles came in this morning, two men were inside the home and you see the effects of the missile strike and massive crater where the home has fallen into it, massive damage scattered all across the yard and see a burned out car next to emergency workers who are ensuring there's no further threat to the public here. ashley, unbelievably the two guys inside that home are okay today but also this morning, take a look at this, a massive fire at an energy facility in kharkiv and critical infrastructure was hit here as well as odessa and lavive and

belarus claimed a ukrainian missile landed on the territory during the strike and the president informed they've summenned the ambassador and many will be waiting to see if belarus getting directly involved in the war. back out here live two days after russia was accused of hitting a maternity hospital in the recently liberated city of herson and russia conducted more in the area and another medical facility hit and ukraine said two people are hurt as a result of that. back to you, ashley. ashley: nate foy in kyiv. nate, thank you very much. katie mcfarland joining us now. katie, why do you think russia is ramping up the attacks right now. is it a continued attack on the ukrainian infrastructure? >> no, initially russia thought it could invade ukraine and

destroy the ukrainian army and tackle the government and control with puppet leaders and they wanted to keep ukraine more or less in tact. that's changed. they know that's not possible. so in the fall, their tactic changed and tactic is now we're going to destroy ukraine and we're going to deliberately target civilian infrastructure and as winter comes we'll target the water filtration plants and electricity so even if people had water, they'll have frozen pipes and not going to have water. the russians have now decide if we can't have ukraine, we're going to destroy ukraine and that's -- ukraine and that's why what you're seeing today is only going to get worse as winter months get more bitter. ashley: yeah and they get more bitter the ground fre freezes ad tanks don't get stuck in the mud and that also is a factor here. i mean, peace talks, katie. is that just a dream at this point? >> right now it's a frozen conflict and ukraine is not going to win and russia is not

going to win and win is destroyed from the russian perspective. i thought the way to fight the war for ukraine. you can't win, you'll be destroyed but you can win the peace. here's how. ukraine is talking about people investing in the postwar ukraine, probably a trillion. the west and western companies, they'll rush into ukraine to rebuild the infrastructure and a lot of agriculture resources and mineral resources and ukraine couple years down the road could be a prosperous integrated economy. meanwhile how does russia win? they can't win the peace. nobody's going to invest in russia. maybe they'll buy russian oil and natural gas and maybe russian weapons but russia five years from now is going to be a destitute economy. don't go for the war victory, go for the win in the peace. ashley: exactly. very well -- very interesting indeed. i want to get to this issue too, katie, if we (&.k the white house announcing it's going to

now require travelers from china to produce a negative covid test prior to arriving here in the u.s.. now, remember president biden calling donald trump xenophobic for very similar restrictions back in 2020. now he's doing exactly the same thing. is this a good move? >> yeah, frankly it is. you know, i was in the trump administration and trump stood up to china and understood that once that virus got out, however it got out, it was out and the chinese used it as a biological weapon. they knew they had a problem with covid and locked down their own country and sent chinese abroad so it went all around the world and president trump said we're closing the doors to china and everyone accused him of being racist and signe phone and et cetera and et cetera and same thing is happening again. what are the chinese doing with their outbreak again? they're locking down their own people internally. their people aren't traveling and the chinese are sending people around the world.

it's irresponsible of the chinese to continue to do this, and i think it's actual finally smart for the biden administration to do something good. we can't keep doing this and it all seems to start with china. ashley: yeah, we'll have to leave it right there. always tremendous information kt mcfarland, thank you very much kt for dropping by today to chat with us. >> thank you. ashley: always lots to talk about of course. thank you. now this, an iranian chess player has become the latest athlete from the islamic republic to compete without the mandatory headscarf causing quite a stir. lauren, give me the details. lauren: that's a big deal. the 25-year-old competed in two chess tournaments in kazakhstan without her hijab and public showing of defiance will likely have repercussions by the iranian government and could be arresting her, could be doing something to her family. we've seen that in the past.

they've yet to respond, but a young woman representing iran in an international competition did not wear the mandatory hijab. ashley: wow. well, i admire her bravery. lauren: very brave. ashley: the protests go on but very brave indeed. lauren, thank you. now this, new data shows inflation hitting the middle class the hardest. no big surprise there. we've got the details straight ahead. also, republicans will take control of the house next week. we know that and steven moore says anybody that includes $87,000 new irs agents should be an automatic no. steven moore is here next. ♪

look at these markets. ashley: trying to get an end of the year rebound going up here and dow up more than 300 points and s&p up 1.5% and s&p up 2% and tech names gaining ground at least today.

come in here, lauren. you're looking at some of the movers today on up day. let's begin with comain foods. lauren: you've bought eggs and the selling price is $2.88 for a does and it was $1.15 last year. that's an astronomical increase in the price and still their margins are hit big time because their expenses and higher feed costs have gone up. stock's down 11%. coin base, ugly chart on the year and down about 90% and we're seeing in the big rally, broad-based rally today some relief for the battered crypto sector. tall education as well as these other education names that you're seeing on the screen, they're all down sharply today. they're education providers out of china and beijing published this list of restrictions of

fees they can charge and times they can operate when tutoring students. ashley: all right. got it. thank you very much. lauren. take a look at this headline. it says "republicans should just say no to any budget that funds 87,000 new irs agents". stephen moore joins me now. supporters say there's an enormous backlog of returns and irs needs all of these new workers to process an overwhelming backlog. what say you? >> well, merry christmas and happy new year's, ash. they don't need 87,000 new agents and steve forbes, my good buddy always said. all we need to do is radically simplify the tax code so people understand it, can comply with it. voluntary compliance is the hallmark of the american tax system. people will comply if the system

is fair and low rates and so on and we've moved to mess of tax code and nobody understands it and you have to have a swarm of irs agentses like we've never had before. the budget that passed last week, the god awful omnibus spending bill and has additional funding for the irs in it and find that to be unconsciousable that any remember -- unconscionable that any republican votes for a bill to fund the irs and the other issue with this is they're now auditing and monitoring financial transactions as little as $600. so that means if you buy an air conditioner, if you buy a sofa, if you pay a monthly rent, that's all being monitored and reported to the irs. that's a real invasion of people's financial privacy. ashley: at least they postponed that for a year and maybe it'll

go away. i want to move onto talk about the economy as a whole. >> we'll see about that. i'm not so sure they're going to postpone that . the irs is already starting to look at those kinds of records. they want to get to know everything about you so we'll see. i'm a little skeptical about that. ashley: i understand. yeah, we wanted to talk about the economy as a whole. listen, inflation still biting the housing market's still falfalling and the fed's still raising rates and on and on and on. is it going to be a tough go next year? >> well, i think almost every economist would say it's going to be a tough go. i'm not one that believes that a recession is inevitable. i think if we can get good pollties out of washington, that's a -- policies out of washington and that's a big if, and we could produce more energy here at home and get some budget control and look, we can't keep borrowing a billion and a half a year and expects economy to be

strong. it depends a lot on what this new congress does. for the first time now in a couple of years, you're going to have some ch checks and balances with republicans now controlling the house. ed of course we don't know who the speaker of the house will be and that election will be a week or two away. ashley: but this government spend asking out of control beyond anything a lot of people can imagine. what are the long-term implications of that, steven? >> i'll give you one is it a it's ick to -- statistic to think about for the viewers. when i first arrived in washington in 1983, '884, take a wild guess what the national debt was at that time. ashley: i can't imagine. it wasn't anywhere close to what it is today. >> okay, i'll -- the answer is a little over $1 trillion. by the way, we were horrified by that . a trillion dollars of debt. now here we are 38 years later and the debt is not $1 trillion

but it is closing in on $33 trillion. your question is absolutely right. can the country continue to go on with these levels of debt? absolutely not. show me anywhere in the world where that kind of story has a happy ending where you have out of control government spending or debt. can't continue. ashley: it's awful. we'll have to leave it there. great stuff as always, stephen. thanks so much. one group getting hit the hardest by rising inflation. come on in here, lauren. who is it? lauren: it's the middle class and they're getting squeezed and don't qualify for the federal programs and other pandemic programs have run dry. the census borough finds purchasing power from middle class households down 2.9% this year and up for the lower income households that have seen their paychecks surprise they get government assistance and it's also up for the higher income

households and there was a story in "the wall street journal" that really impacted me. it's a family of six in new jersey and the dad works and he's a police sergeant making over $100,000 a year and mom works from home doing assistant work for $30 an hour. they can't get by and they have four children. the oldest son said instead of games this year, just give me money for christmas and maybe i can contribute and help out. the younger daughter is making bracelets and selling them on etc.ky. it goes to -- etsy. the middle class is struggling right now because of inflation. they make more than -- look this, is the median household income about $71,000 and they're doing better than that in new jersey but nevertheless they're struggling. ashley: very stark reminder of how difficult it can be. thank you very much. a new book about life inside joe biden's white house claims the

president got angry about the reaction to the supply chain crisis. tell me more. lauren: we're talking about chris whipple's book the fight of hirsch life and comes out next month and contain this is from the chief of staff. "what frustrates him, being president biden, is the media going into a frenzy about whether or not anybody will be table to buy a turkey for thanks giving and whether everyone's christmas presents will show up. ". everyone's presents showed up and they got a turkey. if there isn't a real panic, seems like the media invents the panic. ashley, the media got to president trump also. i think the reality of this situation is that thanksgiving dinner cost 14% more this year, 20% last year. it's not an invented crisis. we just gave you the middle class squeeze story. it's prices that people face every single day.

ashley: it's the standard response from the white house and crisis at the boarder and manufactured by fox. they just won't accept it and we're being told to move on. lauren, thank you very much. thousands of millionaires fled new york since the start of the pandemic and the big reason is something that president cuomo implemented and buffalo digging out from the deadly blizzard and we'll have a live report from there, next.

ashley: cleanup efforts connelling in buffalo today -- continuing in buffalo today last week with the deadly winter blizzard that killed at least 33 people there. robert ray in buffalo this morning. robert, at least the temperature is above freezing but the cleanup goes on; right? reporter: ashley, exactly.

i have to say, yes, it feels very warm out here but the pictures would not really tell that story. i mean, look at this street, ashley, it is loaded with literally feet of snow, they've not plowed this one in south buffalo. how about three miles from downtown buffalo, which we know sitting on the shores of lake erie. that travel ban was lifted at 12:01 a.m. and you're starting to see vehicles move around the city and looking for food and medicine and get to their job ands this street in particular, ashley, i can tell you there's a nurse that lives here and there's an ambulance driver and these people have not been able to get out really for the past week and they're looking forward to the potential of doing that today or even later tomorrow. there's a massive snowplow behind the camera about a block away that we're trying to get the attention of that plow to

head down here and help these people so they can get their lives moving here again. in the meantime the national guard continues to do door checks, wellness checks and make sure people are okay. unfortunately there's dozens that lost their lives and we hope that number does not continue and the city is telling us that there are over 450 heavy pieces of machinery trying to remove all these snow from roads and major thorofares -- thorough fairs and the temporal integrations and the sun and temporal integrations are up and snow will melt and the next part of the aftermath is flooded basements potentially and flash flooding in and around buffalo. what a scene here to end 2022. you just hope that 2023 is not full of all this.

these people need a break. ashley: they do. they deserve it. robert ray in buffalo. great report, robert. thank you very much. now let's come further south than new york state. the mayor of new york city, eric adams is defending himself after he fled the big apple ahead of that deadly winter storm. come back in here, lauren. what h is he saying? lauren: i'm going to defend him too. i know, shocker. the mayor admitted he spent time in the virgin islands because he needed a mental health break. >> every mayor travels away. i deserve private time. i'm a believer of that. i deserve to walk out of a building without reporting or hiding behind a flower pot, without someone following me. i deserve a moment to really deescalate, and there will be many days that my body and my mind is going to tell me, eric, you need to get away. lauren: and he put the first

deputy ma mayor in charge and ty were in contact the entire time. the president of the united states is in st. croix at a billionaire's mansion as there's the southwest debacle. you know, i'm curious your view on this, ashley, but i think if we didn't have that massive storm, the deadly storm in buffalo, eric adams might have gotten away with this trip without the media attention. ashley: yeah, but you know what, it kind of comes with the job. you're supposed to be there at times of big events, especially difficult events like blizzards and it just doesn't look good when you're on your vacation. i understand his reasoning and what he's saying, but if you're going to be the mayor of new york city, one of the most difficult jobs out this, you have to be in the trenches no matter what, especially in situations like that. that's my feeling but, lauren, i understand yours as well. all right, new data shows more than 2,000 millionaires fled new york city after the pandemic so,

lauren, how many millionaires are we talking about? lauren: almost 2400 and that's important because it these are the people, the top 1% that pay 46% of all income tax in new york. that tax helps fund all the progressive dreams that we're always criticizing. former governor andrew cuomo lliterally made new york state the highest tax state in the country and added a surtax on millionaires. the current mayor, eric adams who we were just talking about says of course i don't want to see anymore new yorkers leave and he's trying to clean up the streets but what else is he doing? i haven't heard anything on taxes, i haven't heard of any arrangement with the rich people leaving to keep them and their money here. ashley: that's what you get when you have a tax policy like new york and people can't take it anymore and they leave. they should understand that's why they're leaving. lauren: where do they go?

florida, texas, and tennessee. ashley: florida, low tax states, coincidence? absolutely not. all right, gas prices are ending the year down but could $4 gas return in the new year? gas buddy's patrick tehan will . also, used car prices finallg i. that story is next. ♪

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and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. ashley: well, guess what, used car prices are finally falling after reaching record highs this year. grady trimble is at a used car lot in illinois this morning. grady, how much have prices come down? >> they've come down about $3,000 from their peak, ash. take a look at numbers and the latest month we have data for is november and then average used car prices were around $23,000. that's nearly an 8% drop from november of last year.

analysts say prices could keep falling and jp morgan says they could fall 10 to 20% in 2023. we're at woody buick gmc in naperville and i have woody woodring with me and you've seen car prices fall but you're saying they're not going to fall that much next year? >> i think they've taken the fall but it was a very weird year last year and they've taken the fall. there's no way that to sell the amount of new cars we need to sell and trucks that used cars can afford to take that kind of drop. reporter: you're saying the frenzy is over but they're not going to fall that much. you're still kind of short on inventory and the reason prices are falling is because supply and demand is leveling out a little bit but you are still short vehicles. >> oh, yeah, we're short and have them in the pipeline but being in a pipeline and on the line are two different things and used cars are pivotal to selling new cars and i definitely feel that used cars have leveled off and if there's

a drop, that's going to be because the overdemand of used cars with the demand for new cars still there, we need the friday trades. reporter: by the way, ashley, i think you'd look good in this corvette stingray, 2022 model year and only 5,000 miles and only $91,000 if you're interinterested. ashley: yeah, that's going to take a lot of financing. you know, grady, you just read my mind, i was going to suggest you get in on that. you're right there with woody but i don't think i'll o be going for that. why not, take for a test drive, young man. there he goes. it's your style, grady. there you go. found it. very nice. isn't that great? look at that. oh, suits you, sir. there you go. right now woody is like what the heck is going on? is he going to take tafanely car? great stuff, sir. thank you very much.

we've got to move on. grady will drive off into the sunset. the national gas price by the way average is ending the year slightly down from the start of 2022. the price for a gallon of regular gas currently $3.15. are we going to be seeing gas prices staying down into the new year? what do you think? >> ash, i think now is maybe as close to as good as it gets and prices are inching up and filling up that corvette and now might not be so bad on your wallet but next summer we could be talking about gas prices especially for premium fuel, which is probably what the corvette needs, which is well over the $4 mark and not quite as bad and average household in 2023 will spend about $300 less on gasoline than we did this year. that did you say not mean we'll see prices go up. we're see ago bit of that and

seeing more of the increases starting in march and that'll last through memorial day. again, go over $4 a gallon. ashley: $4 gas may be later on april/may, that type of time period? >> spring is the biggest increase and will last for the next couple ovmonths. ashley: what about diesel that's continued to be subbornly high? stubbornly high and shooting up the cost of semis and you'll have to crisscross the country and thank you very much. sorry we couldn't fineish it off. mercedes schlapp, karol

markowicz will finish it off. the 11:00 hour of "varney & co." is next. ♪

>> part of new york term relief rally and lasting