. >> we have cnn's matt egan with more the good and the bad news. matt egan because this survey says americans haven't been this worried since april of 2020 at the beginning of the pandemic. >> that's why brianna and boris, you know, this does make sense because we know interest rates have been sky high it for years bank raid says the average credit card rate is above 20%, just shy of the all-time high. so this new york fed survey finds that the average perceived probability of missing a minimum debt payment stands at 14%. >> now, this is the fourth straight month where this number has gone up and as you mentioned, this is the highest level since april of 2020 when millions of people were losing their jobs outside of the pandemic, you have to go back to january 2017 for a higher figure there and just to note, this is measuring all debt, so yes, credit cards, but also mortgages and car loans and student debt as well. >> and this is clearly a sign that some americans, despite low unemployment and cooling inflation, some people are obviously still feel

let's discuss with cnn's matt egan, matt good prices for 20 states. but where do gas?es stand across the rest of the country and what kind of impact does that have on the election well, boris and brianna, i have good news for you today, right? >> gas prices, they're falling across the country. the national average is down to 313 a gallon. that is the lowest level in nearly nine months. it's $0.09 cheaper than a month ago $0.37 cheaper than this point last year. and this trend, it really may just be getting started gasbuddy's patrick de haan, he told me that he thinks that next seven to 12 days we could see the national average plunged below $3 a gallon. that's something that we have not seen in 3.5 years. look, this is a big deal because a lot of people view gas prices as a real-time barometer for the cost of living. and a lot of people remember all too well when two years ago does that chart shows gas prices spiked above $5 a gallon for the first time ever. that was really painful for a lot of people. it was a political disaster for the biden harris administration and

matt egan. >> matt, i keep reading the rupert murdoch owned wall street journal talking about how economists almost universally pan the tariff project from donald trump yeah, john that's right. trump's tariff plan is really the part of his agenda that freaks out economists. the most right across the board. and rather than soften his pitch yesterday, trump really win all in he praised tariff as the most beautiful word in the dictionary. if anything, he sounded concern that his tariff plan isn't tough enough suggesting that his idea of ten 10% tariffs on all us imports hasn't gone far enough and it might have to go up to 50%. but look, we i've heard across the board economists say that they're worried that this could reignite inflation the wall street journal had a survey of economists. were they found that the majority, 68% of economists say that prices are going to go up more under trump than under harris just 12% said harris and the same survey of economists found that they think that the numbe

are seeing as matt egan is with us now on this issue which comes up every four years, matt yeah, it does. >> john listen, it's been a really, really long time since the minimum wage went up the last time congress voted to increase the minimum wage. patrick mahomes was just 11-years-old, bear stearns and lehman brothers. they still exist and kamala harris was the da in san francisco. so that was in 2007 and that lifted the minimum wage from 515 an hour, eventually up to 725 in 2000. and it has stayed there ever since then. remember that equates to about $15,000 a year. now some states, they have raised their minimum wage, but a lot of them, there still only requiring that 725 now, that includes some of the more rural states that you might expect, like idaho and wyoming, north dakota, but also some battleground states like north carolina, wisconsin, and even pennsylvania, where trump was at the mcdonald's at during that trip, during that camia mcdonald's, he was asked whether he supports lifting the minimum wage. take a listen to what he said great and i just saw something a process is it'

cnn's matt egan is with us now on this. matt this rebound comes after record lows for the stock in late september. what's driving the comeback? >> well, boris and brianna i feel like every time i look at this stock it's trading higher and higher. it's just incredible. it was only five weeks ago that trump media was trading at those record lows of about 12 bucks. but look at this up 19% today all the way to $46. so it has tripled in a very short amount of time. and this is all being driven by bets that former president trump will win the white house. because trump media has become basically a proxy for how traders think that this election will turn out. and that stock chart shows it's been moving around all over the place. in fact, in the summer after president biden stepped aside, we saw this stock price fall to record low after record low. but it's completely turned around because some traders think that trump will win and that a trump victory will enhance the value of truth social. of course, we should note that markets ar

no gas that's especially troubling, will try to get out of milton's path before tonight's cnn's matt egan joins us now, matt, governor desantis says, there is enough fuel in the state of the challenges getting it to the pumps right now, right? >> that's right, pamela, because demand has just been through the roof it up because obviously a lot of people are listening to the evacuation orders but it's also a because people are filling up tanks because they want to power their generators. so as of the land first update from gasbuddy at 9:30 this morning 23% of the gas stations across florida had no fuel. but as you mentioned, this is even higher in some of those areas that they're bracing for direct hits from the hurricane 59% of the gas stations in tampa, st. petersburg had no fuel, about one in three in fort myers, naples, and gainesville, also an issue in orlando as well? now, gasbuddy says that you're searching for gas your best bet is to go to some of those large chains or rest stops. now, florida governor ron desantis, he stresses that this state is doing everything they can to surge e

matt egan. thank you so much still ahead, president biden, getting a firsthand look at the widespread destruction caused by hurricane helene. as he meets with first responders in the southeast since hundreds of active-duty soldiers to help with this massive recovery 30 years, i've been saying publicly, what people are saying themselves. >> i have enough money. i could just shut off and back i can't car saturday at seven on cnn these bills are crazy idea. she sitting on a goldmine. >> well, she doesn't know that if she owns a life insurance policy of $100,000 or more, she can sell all or part of it to coventry for cash, even a turn policy even a term policy out if you're sitting on a goldmine call coventry direct today at coventry direct.com our right to reproductive health care is being stolen from us. >> the rights for ourselves, our kids, and our grandkids gone just like that. i can't believe this this the world we live here where we're losing the freedom to control our own bodies planned pare

matt egan thanks a lot. appreciate that update and with less than three weeks until election day, former president donald trump and vice president kamala harris are in a race to expand their appeal. this evening, harris will sit down with fox box for her first interview with the network as the democratic nominee. this comes after trump tape to fox town hall yesterday with an audience of all women. he told them he is the quote, father of ivf. let's discuss with democratic strategist and former senior adviser to president biden's 2020 campaign. alencia johnson and political strategist and former spokesperson for the republican national committee. madison jesse prado madison, let me start with you first what do you make of trump saying that he's the father of ivf? >> this is an issue that recent months. hearing criticism, i think from his base, from many women in the republican party who have suffered with fertility issues, who have had to go to ivf to start their families as the republican party, i think we wa

. >> let's go now to cnn's matt egan, who has the details on this report. matt, bring us up to speed. >> well, boris and brianna social security was already in deep financial trouble in this new analysis warns that a trump presidency could make matters much worse. now, this is coming from the committee for responsible federal budget. this is not some left-wing group. this is a budget watchdog that over the years has called out republicans and democrats alike on the national debt. and now they're warning that trump's campaign proposals could leave social security funds depleted within six years. that compares with nine years under current law. now this analysis finds, among other things that trump's campaign proposals would shortfall by $2.3 trillion over the next decade, it would advance insolvency i three years and it would lead to benefits being cut by a third as far as why this is their pointing to a number of trump's specific proposals, including ending taxes on social security benefits. that alone would cost almost a $1,000,000,000,000. the social secur

but first let's get straight to cnn's matt egan to break down these latest job numbers for us that the biden demonstration is applauding this morning, matt, will pamela it feels rare that we get positive surprises, but yes, we've had two in just the last 18 hours. first, the port strike ending suddenly and now these jobs numbers that came in much stronger than expected, lowing away forecast, this is a very healthy number in any environment, but especially now because there's been all these concerns that maybe the jobs market is slowing down. but when we look at the trend, we can see that actually hiring is accelerating the third straight month a faster hiring. this was actually the most jobs added since march. >> the unemployment rate was expected to hold steady. >> some are bracing for an increase, but look at this, it went down to 4.1%. that is historically very low. university of michigan economist justin wolfers. he described these numbers to me as quote, incredible fantastic. and the kind of numbers we dream about when you dig into the report, we can see that hiring was strong acr

cnn's matt egan and daniel dale are here to sort through all of this. matt, let me start with you. what are economists saying about these tax plants? >> well, jim, i both of these candidates have laid out a laundry list of promises, right? everything from bringing jobs that were shipped overseas home to tackling the affordability crisis. but these proposals, they carry hefty price tags and neither candidate has clearly laid at plans to fully pay for them. so that's why experts say that the national debt is likely to go sharply higher no matter who wins. in november now, under the harris economic plan the national debt would go up by 3.5 trillion over a decade. that's according to an analysis from the committee for a responsible federal budget. remember, harris has called for extending some of the 2017 tax cuts. she's also called for expanding the child tax credit, the earned income tax credit. but look at that under the trump agenda than trump proposals, the national debt would spike far more by $7.5 trillion under his plans. the big cost, of course, is fully extending the trump ta

. >> cnn's matt egan is tracking all of this and that would be what well, listen, kate, this is a very serious situation that's happening in the most critical region on the planet for energy, there's a growing risks that this becomes not just the security disaster or humanitarian disaster, but an economic one just weeks before the election. what's surprising is how relatively calm the oil market has been. yes, prices have gone up, but not dramatically. so you can see lower than other points during this year. years ago. this is the kind of scary situation that would have caused oil prices to go well past the 100 dollars a barrel, only last 24 hours or so, have investors started to wake up here to the danger? you're there is a boy who cried wolf mindset because investors had been burned in the past by security situations that did not cause actual disruption and the threat of like direct conflict with direct conflict with iran is greater than ever yeah, it's massive. i've talked to bob mcnally, a veteran energy analysts and he told me this is going to get worse before it gets better. and

matt egan, thanks. so thank you very much for that. kate the trump campaign is doing something that it really does disavowing comments made by a speaker at one of its rallies now, distancing themselves from a man who trash puerto rico from the stage why they're moving so quickly to try and play cleanup on this one and in emotional reunion during adele's las vegas residency when she spots one very special guest in the so many ways to save life ready wallet, happy. >> that's 365 at bomba we dream of comfort and softness this is why we make the best socks and slippers and the history of feet off your first order these are people who are trying to change the world startups have this energy that energizes me. i'm thriving by helping others thrives everyday. >> people who know, no bds okay. everyone, our mission is to provide complete balanced nutrition for strengthened energy ensure with 27 vitamins and minerals nutrients for immune health, and ensure complete with 30 grams of protein i think really going to spend all day streaming college

i do want to bring in cnn's matt egan. now, who's been tracking one of the chief concerns for locals and obviously officials in this area. and that is act the fuel gasoline matt just yesterday as i was driving back from treasure island further inland, that's a barrier island on the gulf coast back inland toward tampa. i noticed gas station after gas station was shut down and i kept watching folks try to to approach them to see if they had gas. but for a lot of folks, it seems like it's too late now yeah, boris, that has been a major problem and it's because demand has been through the roof. >> i mean, thankfully millions of people have heeded those evacuation orders and then some of the people who've stayed, they've been filling up tanks to try to power for their generators. so gasbuddy finds that almost one in four gas stations across florida are without fuel. >> that amounts to more than 1,700 gas stations. >> and this has been an even a bigger issue in some of those areas that are bracing to get hit the hardest. so where

matt egan has been digging through this i understand one can't a lot more. >> yeah, absolutely. john national debt is going up no matter who wins in november, but it's gonna go up much, much faster if trump wins. that is according to this new analysis from the committee for a responsible federal budget, it funds that the harris plan would cause $3.5 trillion. that is nothing to sneeze at, but look at this more than twice as much as the harris plant is what trump's would cost 7.5 trillion. et's look at how they got here. the trump plans most expensive line item is extending the 2017 cuts. that alone would cost more than 5 trillion plus there's his proposals for no taxes on four-time no tax on social security, no tax on tips 15% tax on us manufacturers. now, trump says he would pay for all of this by imposing massive tariffs of cost. of course, there are massive cost to that as well that harris plan calls for a number of things would cross a lot of money, including partially extending those 2017 and trump tax cuts that would cost three chilean dollars. she's also got plans to expa

he owns a big piece of that cnn's matt egan is here. >> john epic day for tesla and elon musk, sharece going to the moon after they reported blockbuster results. so up 22% for tesla in one day, best day in 11 years, second best day since they went public back in 2010. >> so the market how are you went up by $150 billion with a b, that's with a b some context $150 billion. that's more than nike is worth and tesla gained that much value in a single day. it's stunning as you mentioned, elon musk, the biggest shareholders. so he his net worth went up by more than 33 billion. he was already the richest guy on the planet, and he's kind of running away with this thing, right now because his net worth has surged to $270 billion. well ahead of number two on that list, amazon co founder jeff bezos well ahead of facebook co-founder mark zuckerberg and all this coming of course, as musk has emerged as one of the most prolific backers to former president donald trump, musk is clearly betting that his own business empire will be better off if trump is back in the white house. >> so what exactly ha

those proposals could actually do more harm than good boris and brianna very good questions. >> matt egan. thank you so much. we'll be right back. stay with cnn stricken a break from breaking news to air. have i have news for you? breaking news. i'm getting a sandwich. >> we need to talk about what constitutes breaking news. >> provide guards news for you saturday at nine on cnn and streaming next day on man if you have heart failure, far sega can help you keep living life with the ones you love. ask your doctor about far sega today. for seizures can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract, or genital yeast infections and low but trigger a rare life-threatening bacterial infection in the skin of the perineum could occur. stopped taking for sega and call your doctor right away if you have symptoms of disinfection and allergic reaction or ketoacidosis and try new zero sugar gummies whether you're a professional driver or just a fan vehicle breakdowns, are costly. >> it started tugging, start making some really weird noises. >> the las

matt egan, first to you to talk about some of the economic back-and-forth here. what did you think about what you've heard? >> well, brianna, there was definitely some economic back-and-forth as someone who regularly covers business and the economy and tries to make sense of some of trump's policies. it was really nice to hear some serious pushback and challenges from the bloomberg editor and chief particularly around tariffs and former president trump. we know loves tariffs. and he went all in today talking about how great tariffs are he called tariffs, the most beautiful word in the dictionary. he said, tariffs still a public relations firm to help it. and he said that tariffs are going to be a way to bring companies back to our country at one point, he even recalled a recent conversation. he said he had with auto manufacturing company and he said that he threatened massive tariffs on imported cars, cars that were made in mexico. he said 100, 202,000%, the highest tariffs in history. now, in the past trump, trump's campaign has said he is being hyperbolic when

. >> there's the daily family matt egan's all of these families sort of become part of this mafia. a political mafia. and they're the ones who make the rules i didn't come from that. i had to marry into it and not a girl 6 march 1988 she was wearing a red dress and she happened to be the daughter of a old-fashioned chicago political ward boss and she's my wife, patti. we fell in love patty will go abij is a loyal wife she is a tough customer, and she's the daughter of d68 male. >> she's complicated that budding relationship between those two is how rod goes from this. >> nobody politically finding a way to come and of embed himself into one of these big political families in chicago. they had so much power i don't think it was some great surprise that when it comes time to meet the parents that dick mel was the father-in-law in powerful city council chieftain in a shrine to work together to for this great city back together. so they're all part of it all for free kick mill was a guy who always had a voice in the back rooms. he was a powerbroker in that kind of chicago classic since

could actually do the opposite and make it potentially run out of money in just six years, as cnn's matt egan joining me now. so matt, some 60 million americans get social security benefits now, could that money really dry up by 2030? >> well, erica, social security already faces a serious funding crisis, right? it's projected to go insolvent in nine years, no matter who wins this election. but this new analysis finds that that insolvent it's the date would not be nine years from now. it would actually be six years from now if president trump's agenda is enacted here. so this is coming from the committee for a responsible federal budget and it finds that trump's campaign promises would increase social security's cash shortfall by two 2.3 trillion the over a decade, it would advance insolvency by three years, and it would lead to 33% across the board benefit cuts in 2035. so all of those clearly moving in the wrong direction. this report summed up the situation by saying, we find president trump's campaign proposals would dramatically ugly, worsen social security's finances and obviously, this

cnn's matt egan is tracking this for us. what did you find, matt? >> well kate, hurricane helene unleashed total destruction right? we're talking about torrential flooding catastrophic landslides and biblical flooding. and that storm is going to financially destroy some people, even as another one looms. so corelogic found that hurricane helene, estimated to cause between losses. that's across 16 states. now these are modeled losses so they could go even higher as we learn more about the scale of destruction, especially in hard hit states like north carolina. now, the problem is that some homeowners and business owners, they didn't have insurance here so corelogic estimates that the insured losses of up to $17.5 billion will be totally dwarfed by the uninsured flood losses of up to $30 billion. now, that is massive. and of course, some of the people who don't have insurance right. they're going to be out of luck. they could have to go into foreclosure, right? they could lose their businesses. this all spotlights this massive problem between who has

nationwide, what does that mean for the republican attack line against kamala harris this election, cnn's matt egan with more on that, even looking into this, what do you see here, matt? >> well, kaitlan gas prices are falling fast right now and that is really good news for all consumers. so the national average, 313 a gallon that's the lowest life level in nearly nine months. clearly heading in the right direction down $0.09 from a month ago $0.37 cheaper from this time last year and gasbuddy's patrick de haan, he tells me that in the next seven to 12 days, the national well average is very likely to break below $3 a gallon for the first time in 3.5 years. now, this is a big deal because a lot of people we'll view gas prices as sort of a real-time barometer into the cost of living. and remember, it was just two years ago when the most visible part of the inflation crisis was gasoline prices spiking above $5 a gallon for the first time ever. i mean, this was a nightmare for consumers and it was a disaster politically for the biden/harris administration, even though a lot of it was caused by russia'

have pulled off a remarkable and historic achievement, a soft landing to avoid a recession cnn's matt egan is here. >> he's been tracking this and this is tied to the new gdp data that's out this morning. walk us through this economy, just keeps cruising along. >> it is relentless, sorry, it won't be stopped by high inflation, up by high interest rates, not by these crazy election cycle. it just keeps going and going. so these new numbers out measured gdp, that's the broadest measure of economic growth is kind of like a quarterly report card for the economy. and it showed that the u.s. economy grew at an annual rate of 2.8% during the third quarter. that is very solid growth and it's being driven by the fact that everyone keeps spending money. the government's those spending money businesses are spending money. and perhaps most importantly, consumers are spending money because there's been a lot of concern about consumers being under pressure right now. but look these new numbers show that consumer spent nearly growth was nearly 4% for consumer spending. that's the biggest part of the econ

cnn's matt egan has more on this. so what are the changes? and maybe most importantly, why? hi yeah, kate, i hate to be the bearer of bad news, but you are but starbucks, they are cutting back on those discounts that we've become accustomed to. >> cnn has confirmed that the company is scaling back on promotions through its app, while she journal's reporting that they're not going to be running those broad offers during the holiday they plan to really do more promotion of their seasonal drinks through advertising. now, this is a shift, right? because earlier this year they were trying to win back customers who were frustrated by higher prices this is frustrated by long wait times, by offering buy one, get one by having 50 50% off. but here's the thing, kate. there's a new boss calling the shots at starbucks, right? former chipotle ceo brian niccol's, he's taken the helm a few weeks ago in this is really one of his first big moves. he's trying to reposition starbucks bucks as a premium brand, not an online-driven business. and so yes, unfortunately for coffee lovers, that does

cnn's matt egan is joining me now. there is a serious problem here. you are seeing these lines and you're seeing the frustrations go sky sky-high? >> yes. sara, this has been such a headache for people who were just trying to recover from back-to-back hurricanes hundreds of gas stations in the region have no fuel when people are unfortunate enough to find them, sometimes they are on long lines, sometimes hours-long, and yeah, tensions have flared. >> there had been reports of fights at gas stations. now, as of yesterday afternoon, according to gas, but he's had no fuel that amounts to about 1,200 stations that are dry. now in tampa, its nearly half of them that don't have fuel. the good news though, is that we have seen these outage numbers come down. and if you look at the trend in tampa, that chart shows it nicely at one point a couple days ago, they were 80% of the gas stations. they didn't have any fuel. so now the fact that it's below 50% is moving in the right direction. the problem is that there's no pipelines delivering fuel into south florida

cnn's matt egan is looking into it for us. he's here with us now. what are you finding them?well, kate, listen, the minimum wage has been stuck at 7:25 an hour for 15 years. now it used to be that congress would bump it up every few years and the 90s, there were four minimum wage increases but we've had none since 2009, which is kind of crazy when you think about it, right? most of the obama years, all of the trump administration, the pandemic, the inflation crisis. it's still been stuck there more than 5,000 but that wasn days since an increase. that's actually the longest stretch since the minimum wage was actually established back in 1938 under fdr. now, harris is calling for $15 an hour. she says that the current level is poverty, wages. she's actually wants to double it and she's even suggested maybe higher because you told nbc at least that level, this is an important issue for out of people, especially younger people who tend to make up the bulk of the minimum wage workers, to be more female, less education they work in the service sector, but look, kate, as you know,

but why and why now cnn's matt egan is looking into that. he's here this now, what are you expecting with this now? what are you hearing about this and what are you expecting now with the markets about to open your kid? >> it's not moving. watch this morning, but that'll change. i'm sure. listen, this stock was in meltdown mode. all summer button now it is on fire since september 23. it's up 100 108%. that's doubling in the span of three weeks. it's a stunning move. one of many stunning moves for this company, and it's a reminder of two things, right? one, this is not a normal stock. it doesn't treat on fundamentals, things like earnings revenue. it treated for growth, it trades on hype and momentum and the mood in trump world. the other thing that this shows though, is that it's inextricably linked to the election when president biden dropped out over the summer, this stock went down, it crashed a record low after record low one point it was down more than eight 80% from its peak. look at that chart, you see kept going down, down, down. >>

siemens matt egan has been looking into it and he's joining us now for a bit of an analysis on this.t have you found well, kate, listen, there's no doubt that rent is just a major source of frustration for millions of americans. >> rent has gone up so much, and that's on top of the cost living considered that half of all renters in the united states are considered cost-burdened, meaning they spent 30% or more of their income just on housing costs. and 2.5 million black households are considered severely cost-burdened because they they've spent more than half of their income on housing costs. so that's why the harris campaign has come out with a number of proposals here right there trying to add more supplied by incentivizing builders with a combination of tax credits and cutting red tape. there also vowing to take on what they're calling quote, abusive corporate landlords they're calling on congress to pass a law to remove tax benefits for investors who acquire 50 or more single-family homes. again, all of this designed to show that they would take action to address housing affordabi

the last fiscal year, cnn's matt egan is following this tracking this money how significant $1 billion is a lot how significant is this? >> yeah, i'm told this has been transformative for the federal government in the fight against financial crime. so about two years ago, treasury quietly started using machine learning ai to detect when people are trying to steal from taxpayers. and this secret weapon is already paying off some significant dividends. so as you mentioned 1 billion billion recovered just in fiscal 2024 alone. that's according to these new estimates shared first with cnn as that chart shows, this is nearly triple the year before it has been a game changer. it's really helped it's kinda level the playing field against fraudsters. and this of course, is a massive problem. fraud, right? juniper research finds that 362 billion is the online payment fraud projections by 2028 in some of that actually has been turbo charged by ai itself treasury is a prime target because it's among the biggest payers on the planet, right? i mean, they're paying out every year, almost $7,000,000,

matt egan has been digging through this i understand one can't a lot more. >> yeah, absolutely. john national debt is going up no matter who wins in november, but it's gonna go up much, much faster if trump wins. that is according to this new analysis from the committee for a responsible federal budget, it funds that the harris plan would cause $3.5 trillion. that is nothing to sneeze at, but look at this more than twice as much as the harris plant is what trump's would cost 7.5 trillion. et's look at how they got here. the trump plans most expensive line item is extending the 2017 cuts. that alone would c

matt egan. thank you. thank you, john. great to see you. brand new era of cnn news central starts now about it. we're going to get hit and it's going to be hard everybody out from milton. and we're trying to get all the debris up from helene you can't take no chance at all. i know that this storm is the storm. >> what are you guys doing? >> we're actually saw about actually until friday, we were able to come out and do some rescues for families with kids that decided to try and hunker down and that was not a good idea. i hope that people learned from that and decided to leave. once we leave, there'll be no first responder here. if you don't take heed you're on your own update on hurricane milton is now out of this hour. >> the monster storm is a category four storm that's downgraded slightly from where it was as a cat five wind speeds are now up 100 now at 155 miles an hour this is just shy of a cat five, but make no mistake. this is a bohemian, this is deadly and dangerous is, it is expected to keep this intensity until it makes landfall i