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-- prices to spike. today, i am announcing three typical steps that my -- critical steps that my demonstration will take to reduce gas prices. we won't release 50 million barrels from the strategic petroleum reserve, extending our previously announced through the month of december. note -- independent analysis -- analysts have reserved -- bringing them down and we will continue to respond -- the national asset and right now, the strategic petroleum reserve is more than half full with about 400 million barrels of oil. that is more than enough for any emergency drawdown. with my announcement today, we will stabilize markets and decrease the prices at a time when the actions of other countries have caused such volatility. i have told my team behind me to be prepared to look further -- for further releases in the months ahead if needed and we are calling it a ready and release plan. this allows us to move quickly to prevent oil price spikes and resort -- respond to international events. secondly, we need to

this allows us to move more quickly to prevent price spikes and respond to international events.econdly, we need to responsibly increase american oil production without delaying or deferring our transition to clean energy. let's debunk some myths. the biden administration has not stopped or slowed u.s. oil production. quite the opposite. we are producing 12 million barrels of oil per day. and by the end of this year, we will be producing one million barrels day -- barrels a day more than the day i took office. we are on track for record oil production in 2023. today, the u.s. is the largest producer of oil and petroleum products in the world. we export more than we import. and i have heard from oil companies that they are worried that investing in additional oil production today, in case demand goes down in the future, and they are not going to be able to sell their products at a competitive price later. we have a solution for that. today, i am announcing a plan to refill the strategic petroleum reserve in the years ahead at a profit for taxpayers. the u.s. government is going to

first 60 cent spike in gas prices just this week and big cut in oil production could send costs higher. team coverage with jeff in los angeles, where gas prices are over $6 a gallon. we begin with white house corres correspondent kevin corke. good evening. >> kevin: got their hands full. good evening. sometimes headlines sound meaningful, but upon closer inspection, they mean little. administration pledge to release more in november in the wake of opec's decision to reduce production. 10 million more barrels, according to the white house. for a country that know coassumes on average close to 20 million of petroleum everyday, 10 million barrels seems less like a major move than underwhelming response to a potential crisis. the white house calling the move by opec short-sided. mr. biden said this. >> what about opec? >> opec. [indiscernible] -- >> trace: i am concerned and it is unnecessary, unnecessary, perhaps, but critics point blame at the administration, they say they are inviting crisis like this in effort to defeat the policyings. >> dependencies on foreign countries for american

the price spiked up and the wholesale price of gasoline spiked up first and then the price came backe've had this happen since we went to a different blend of gasoline in 1995. and usually the retail price comes back down and the differential is back down to that basis of taxes and environmental fees in 2015 that didn't happen and since then, california's prices have averaged an extra 35 cents an gallon from the rest of the country. overall since 2015 that amounts to over $40 billion for california drivers. reporter: that's a huge amount of money out of people's pockets. is that a function of oil companies and gas companies and refiners making a profit? >> we're not exactly sure what's gog on. i have been arguing for the last seven years that california needs to invest some money into a serious investigation to find out because this is a huge amount of money beyond what you could normally explain with just the taxes and fees. it is clear that that differential over the last seven years is not at the refinery level. because that spot price for gasoline, the price for giant shimments o

the price of insuring against default, you see the big spike.ve not seen that back -- since back in the financial crisis but market watchers point out there are deteriorating conditions, but not collapse. some people thought, stop with the fear mongering. rishaad: did analysts manage to restore confidence? two memos being sent saying there nothing wrong here, when they are unprompted, that's going to raise a few eyebrows. especially when the new ceo starts his day with one of them. >> analysts put out their opinion saying the ceo is correct. there is a lot of liquidity, a lot of capital, no need to worry . citigroup's analysts said it is not 2008. you will notice a lot of concerns that do include the spike in credit defaults. many such as -- tweeted out take a deep breath guys. being compared to deutsche bank, very different. the spread was twice as wide in 2011, both deutsche bank and morgan stanley came through eventually find. the big question is how the bank is going to pay for restructuring. there's a big restructuring strategy announced fo

spike up to 12%_ winter than inflation will spike up to 12% in— winter than inflation will spike up toch would be difficult for the bank of - to 12% in april which would be i difficult for the bank of england which _ difficult for the bank of england which has — difficult for the bank of england which has tried _ difficult for the bank of england which has tried to _ difficult for the bank of england which has tried to keep- difficult for the bank of englandj which has tried to keep inflation down~ _ which has tried to keep inflation down and _ which has tried to keep inflation down and it— which has tried to keep inflation down. and it would _ which has tried to keep inflation down. and it would be - which has tried to keep inflation down. and it would be huge - which has tried to keep inflation- down. and it would be huge squeeze on hostile _ down. and it would be huge squeeze on hostile incomes. _ down. and it would be huge squeeze on hostile incomes. something - down. and it would be huge squeezel on hostile incomes. something needs to be done _ on hostile incomes. something needs

kennedy: spike thank you so much. >> thank you. kennedy: there we go, game night, party panel is ready for battle. place your bets over r -under, on tap, next. 00 years, lincoln's been exploring new ways to deliver sanctuary in its vehicles. comfort for body and mind. that's ambitious. but the future of sanctuary, well that's downright audacious. ♪ psst! psst! with flonase, allergies don't have to be scary. flonase sensimist provides non-drowsy, 24-hour relief. in a scent free, gentle mist. psst! psst! flonase. all good. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause status. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor start an anti-diarrheal and drink f

this has been a sharp, fast spike in energy prices. obviously big political implications. we'll talk to nikki haley about that, and thoughts how the administration could turn it around but are not committing to it. a new fbi report showing alarming surge in crime nationwide. numbers could be even worse. that report was missing data from some of the nation's largest departments, including the chicago police department and the nypd. comes as we follow the senseless murder of a long island father. a preliminary hearing is scheduled this afternoon for roy johnson, jr. the alleged gunman who they say shot and killed the man in the lobby of a poughkeepsie, new york hotel while he was visiting his son at college. former u.s. ambassador to the united nations is standing by along with garrett and alexis mcadams. just heartbreaking and i know this community is still reeling after the death of this father, alexis. the alleged killer has quite the rap sheet we are learning. he recently had some serious charges dropped against him. >> yeah, we are learning more and more things if it's

spike. ? you are 30 years old, you can look into privatizing your investments, if you are close do retirement anx agent, has the government hosed. >> you they have, thankfully there are two plans that i know of 6.2% solution. that was developed by cato institute, and another plan this i found out about called plan for america. they would allow people to be able to keep their social security as it exists or opt who another voluntary system they have their own individual investment account. and i encourage people to look into those, but we mead to be clear, social security is not a retirement plan, if it was you would have money what you tied would be passed on, this is a ponzi scene scheme, it has diminishing returns year-over-year until we're at point where it is projected millennial gen-z will see a negative return on investment that is if they live to you know average expected age for their generation. if they die sooner, they mines they get less of their own money they were forced to pay in

these circles here -- in 2016, this is the brexit spike. this is the covid spike. here are the recent days. one of the things to take into account is when we were at the zero bounded rates, it was pretty hard to get much volatility. now everything is fair game in terms of policy moves. there is not much certainty. that is why we are getting such wild swings and that is why pensions were put under pressure. it plays into the political story. there is some hope that with some certainty we might get more stability in u.k. assets. i'm not so sure. we might get a little stability but we are not going back. the bank of england continues qt and we still have the uncertain rates path ahead. it is this gilts volatility playing into the negative sterling. what this chart shows is the premium for 25 delta calls over 20 five delta puts. this is the zero line. above it hear people want to buy calls. when it is down here, they will pay for the downside of sterling dollar. people got negative during the brexit spike so we had a massive premium for puts in cable. this is the covid

huge spike between 21, 2020 and 2021. um roughly a 30% 38. 30% increase in homicides and shootings with injuries across the country. that's the biggest single year jump in ever in recorded history. so oakland is not a communist now specific to oakland. there are several dynamics one is that. there are violence has spiked since covid both gun related violence, gender based violence, school violence, um more guns on the streets, and it's been an 18% increase in households buying guns across the country since the pandemic. and fear of communities our families are justifiably fearful. what's been going on? let's talk about that fear in particular. you know, i there is a feeling by longtime oakland er. some of them say it is worse now than it has ever been. i did a little bit of digging and i looked back and i found back in 1992. the number of homicides in the city peaked at 175. oakland is just over 100 . now can you speak more to that feeling of things are so bad right now. well, i think. what we do know about violence from

10 hour wait times in the er, the record spike in childhood respiratory illnesses , overwhelming more hospitals, one facility at 200% capacity we hear from the father of twins in a coma from rsv. it's not the record he wanted to set the new distinction for tom brady as he suffers yetanother loss and later he's been called dad of the year. the kentucky coal miner who rushed from work to be with his son at the basketball game, no time to shower. hear what they're planning. now, after an outpouring of love. from abc news in new york. this is america this morning. good friday morning, everyone we begin with the economy and some news. many americans may find hard to believe. the government says the economy is growing and science claims there is no sign of a looming recession, at least not in the near term. democrats say this should boost their chancesin the midterm elections next month. but critics say inflation is a racing any progress in many analysts predict a mild recession in the next year. in the meantime, a hot mic revealed what democrats now think about their chances of holding on

support trump if he's the nominee in 2024 health alert for parents, doctors seeing an unprecedented spike in respiratory illnesses in children, what's to blame and what to look out for daycare outrage the felony charges these daycare workers now face for dressing up and scaring young children. parents saying the kids were left traumatized drawing delayed the glitch during the powerball lottery drawing overnight and what happens now and later forget the planes and trains the new way to travel in style for cheap. from abc news in new york. this is america this morning. good thursday morning, everyone we begin with the situation unfolding right now and ukraine widespread breath. widespread blackouts are expected today as russia targets power plants and other civilian infrastructure comes just hours after vladimir putin declared martial law move , experts say is aimed at escalating the war, mobilizing the civilian population and tightening his grip on power. abc's justin finch is here now with the very latest justin. good morning. andrew good morning, russian missiles have pounded ukrainian p

and since september there's been a massive spike of cases until october and recently ah, the update is there $269.00 cases with $157.00 death cases. so the fatality or the chance for patients to, you know, to die is high. and the numbers are predicted to, you know, even higher because of the under reporting. so what measures are being taken to prevent further deaths? yet the government has banned a few medicines. they have released the names of them and who contains toxic chemicals. and also, besides that, we have received an antidote to treat the acute injury or the acute kidney injury patients. and we've received it from singapore and we're still waiting for more from japan. and the antidote that we have received. they've been entered, distributed to several cities across indonesia, and that's definitely good news. but what about the system itself? obviously, with all this finger pointing going on, something needs to change. yeah. show besides, you know, prevent, they are strengthening the supervision system and also monitoring system. i believe what needs to change is the willingnes

and then can bring the full force to bear of his spike like a man would as opposed to a woman.orld of sports, i know this. anybody out there who thinks about sports knows this, but let's just presume that you're not paying a lot of attention to all these stories. go to little league. we don't let in an 8-year-old little league game -- and i have coached 8-year-old little leagud up with a 16-year-old and tried to say, well, he identifies as an 8-year-old, so he gets to play little league baseball, every single parent would say this is totally unacceptable, what are you talking about? we divide schools based on the size of the school, right? the 5a school, the 1a school, because we know that the number of kids in a school can dictate how good a team will be. in boxing or ufc, there are weight classes to dictate so mike tyson didn't get to fight against a flyweight. we have age distinction, as i just said, for purpose of little league. this is a seismic difference, and might be out there that has not realized it is patently absurd that one day somebody can be a biological man and

itself, the spike itself, because the spike is a symbol of fertility, as a symbol of the renaissance, one more move sale of an accessory with a map of our country one of our ornaments is a pendant with ukraine with the outline of ukraine and its feature is that we put the heart exactly where the customer wants it. the girl is responsible for the visual presentation of communication with customers and sales . i recently counted and there are many types of earrings, e-e, rings, brooches, necklaces, pendants , coffees, everything you can imagine, and this is our main feature, and the brand creates both women's and men's jewelry. you can also order silver beauty . from such exciting ones, i would tell stories that simply make me feel inspired . in silver. here he sent this stone and we made it in the plans of young entrepreneurs to purchase an additional machine that will help speed up the production of jewelry. also, denis dreams of treating his bride to watermelons in the liberated ukrainian kherson. kateryna oliynyk roman kovalyuk tv channel espresso well, let's not move from microeco

while authorities investigate the southern spiking cases together with experts from the world health organization, it's the indonesian way of saying rest in peace join. i lost her baby daughter only weeks ago. she is one of over 150 children in, in, in asia who died of acute kit me injury. the 9 months old baby was prescribed to parse at almost syrup by a public health clinic to treat her cough. but soon after that sha quina could no longer you're in it that a more i 20 not a it is like the dialysis her help was declined. she was put on frankly later, but her pulse was getting weak. awesome, on friday at 4 am at dawn. selina passed away, i was shocked in the beginning, she only had a cold. how did i got to this in just a matter of weeks? lashonda antonio, whom i'm the likely cause of death is a tainted cough syrup. in any case, food and drug monitoring agency at the a says they found unacceptable. amounts of little chemicals normally used in the production of pains. in the medicine. this year has since been bent from pharmacies across the country and the 8th, considering launching cr

thursday october 20th to be sf spike's day. it is a queer soccer club started 40 years ago to represent san francisco in the first gay games they won gold this jeer and the increase and contribution has been invaluable since. founding members of the gay and lesbian football association noters growth of lgbt football. the igfa and the spikes host world champion tournaments and w to promote inclusion net sport all jenldzir lgbt and allied club caters to everyone the organization has 5 competing teams with coaches and tournaments. improve soccer skills and build confidence and self e steam of keep fees ford afford annual it is building community creating a welcoming space. today i ask for your vote as we recognize the spike in honor of the 40th anniversary. thank you. >> thank you, mandelman. call the roll on item 33. >> supervisor peskin. >> aye. >> supervisor preston. >> aye. >> supervisor ronen. >> aye. >> supervisor safai. >> aye add me as a cosponsor. >> supervisor stefani. >> aye. >> supervisor walton. >> aye. >> supervisor

i think this price spike isn't going to last.cting the price to go down pretty drastically over the next couple months. >> bornstein says gas prices seem to vary from place to place more in california than anywhere else in the country. so he suggests not going to the same gas station all the time to purchase your gas shop around because you'll likely save some money reporting in menlo park. dan thorn kron. 4 news. >> and for your health this morning, health officials say that monkeypox is not going anywhere anytime soon. the cdc says the disease is spread is slowing, but the virus has spread so far. that's likely couldn't going to be continuing threat for the next few years. the cdc says the outbreak appears to have peaked in early august. officials expect the decline to continue for the next several weeks. still ahead on the kron, 4 morning news, governor newsom signs a new law to provide more family paid family leave. >> we tell you who benefits. this is john. he never gives up—no matter what life throws his way. high cholester

amid stock price and spiking -- the ceo sep out an internal memo on friday.are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank. sound familiar to some that language is rappinis standpoint of the financial crisis when banks ceos tried to go to the public and assuage counter parties and investors that their firms were on stable footing only to go under shortly after. unlike the financial crisis, the banks had faulty mortgage backed securities it's unclear what the if anything could cause credit suisse to face issues. based on available financial statements the firm has a respectable 13.5cet one ratio, the measure to with stand distress and a 13 of the assets in liquid low risk deposits and securities testimony big question mark is this transformation plan set to be unveiled when the it reports 13 quarter earnings on october 27th. the overhaul is expected to consist of divestitures and restructuring business units and resave phoning off the risky assets into a bad bank. analysts estimate this c

and he said we have to remember where black-americans and saw it spike to 17% and black unemployment under 6% and income growth for plaque americans and participation improve and those kinds of gains could be shaping and how they weigh these other social issues that are in society right now. yamiche: obviously, the president and democrats -- they have talked about republicans and the fears they have over social security and medicare but now beefed it up. how much a difference that 12 million people have already voted? >> they are trying to lower the deficit and that they have often talked about job growth and this report pointing to soaring inflation but we are seeing a change in focus. particularly after the dobbs' decision and democrats will tell you that the democrat party look at that decision as a moment to energize the base. recent poles like in nevada as well, you still have ohio, too. the economy tends to be the top concern and the economy is the top concern for voters. voters are complex as well and you can care about policies and issues. but there was a schedule for the pre

i that have prompted this spike, this huge number?n ou have this huge number? i think when you have a _ this huge number? i think when you have a staggering _ this huge number? i think when you have a staggering loss - this huge number? i think when you have a staggering loss of i you have a staggering loss of population, average population numbers across the planet, you are talking about a lot of species, a lot of individuals across a vast geography, and so there are certain species that have declined more than others, and those include things like sharks and rays which i think we've all heard about in the news. it also includes low land gorillas and it also includes other species like the australian sea lion and amazon pink mentioned their australie and the amazon. talking geographically, what particular parts of the world are of concern to you?- parts of the world are of concern to you? parts of the world are of concern to ou? ~ ., , , concern to you? what we see is the steepest — concern to you? what we see is the steepest decline

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. ♪ sonali: the yen is truly spiking.is up more than 1% against the dollar, and the spike is good then the spike from the ministry intervention last month. we are going to talk about what is driving the spike. vince cignarella joins us now. to talk us through what you're are seeing here in the yen movements. vince, we will get right back to you once we can get your sound. these moves, the reversal we have seen in a half an hour here is dizzying. i wonder what you are making of these moves? guy: it is going to be interesting to see what ultimately is the driver of this. it looks like the yen is half of this, but you are seeing it ripple across other assets. the swissie, you have other trades working, but is this the japanese authorities coming in? is this something else? there is a whole range of possibilities here. let's go back and talk to him. vince, what do you make of this? vince: this smacks of what traders do, is when you see a big move in dollar-yen -- this happened in 1997. in two weeks we went from 145 115. what

this allows us to move quickly to prevent oil price spikes and respond to international events. secondly, we need to responsibly increase american oil production without delaying or deferring our transition to clean energy. let me -- let's debunk some myths here. my administration has not stopped or slowed u.s. oil production. quite the opposite. we're producing 12 million barrels of oil per day, and by the end of this year, we will be producing 1 million barrels a day more than the day in which i took office. in fact, we're on track for record oil production in 2023, and today the united states is the largest producer of oil and petroleum products in the world. we export more than we import. i still heard from oil -- and i've heard from oil companies that they're worried that investing in traditional oil production today will in case of -- in case demand goes down in the future ask they're not going to be able to sell their oil products at a competitive price later, we have a solution for that. today i'm announcing a plan to refill the strategic petroleum oil reserve in the yea

we did have the big spike come around 2.7 percent with officials intervening once again. also tracking what we are seeing in the other g10 currencies, the currency online but the pound here moving higher. rishi sunak is deemed as being better to lead the u.k. economy in such a time of crisis. shery: seeing perhaps a little more confidence when it comes to the pound but bank of america still keeping its call of dollar parity given the weakness we see in the u.k. economy. take a look at what markets are doing when it comes to u.s. futures. it's all about the treasury space when the volatility in the rates market and the treasury space. the 10 year yield falling for the 420 level. with the treasury selloff fading a little bit, we saw u.s. stocks having a boost in the session friday. talking about a stunning reversal, so many we have seen recently. we see the egg -- we had already seen every sector in the s&p 500 in the green, managing to eke out a gain, the biggest since june. we continue to watch the oil space because we see a little upside in asian session and a little gai

a modest spike, the ingredients the fed wants, the last piece to stop hiking and then they pivot. charles: we're in the midst of the fourth rally, 6% or better this year, at what point would investors start to consider these moves long-term or sustainable rather than bear market bounces? >> $185 billion come into the market in last now seven weeks. you're seeing it globally, dose domestically. i get it, sure the sellside or shorts coming back into the market but seeing retail investors pour in. if that number continues we break 4,000 on s&p, we're a stone's throw away from it. you need to get into the market. i think get in now. why? earnings are not expensive. stocks are not expensive. go to value stocks, earn a nice dividend, mid-cap value stocks, regional banks make a ton of money on the cash balance. you get paid a nice dividend involved in the market but the dividend feels volatility i think you can get there now. charles: right. >> resistance at 4,000, break through 4,000, we're off to the races. >> you realize almost everyone else, all of your colleagues are saying the exac

there is a range of reasons for the spike in - reasons for the spike in cancellations, predominantlys of sickness, alongside a bil high levels of sickness, alongside a big training programme that is ongoing — big training programme that is ongoing for our drivers. transpennine says it will work towards providing a more consistent service that customers are already losing their patients. avanti west coast rail services will be cut throughout the day, because of strike action by train managers. services from cities including liverpool and manchester are affected. a 12—year—old boy has died after a wall collapsed at a house in essex. emergency services were called to the property in clacton last night after a garage attached to the house collapsed. a man in his 30s was pulled from the rubble with an arm injury. the uk's economic outlook has been lowered from stable to negative by the ratings agency moody's. the group said political uncertainty and last month's mini—budget had contributed to its decision. the rating is a marker of the strength of a country's economy and its stability. sp

that's a 22% spike since 2019 since before the pandemic. this data is just been releases from the point in time report. >> that comes out. well, it's supposed to come out every 2 years, but it was delayed because of the pandemic. so they actually went out there on the streets and hand counted to find out what we're dealing with in terms of homelessness in alameda county. and 75% of the people have been living on the streets for over a year. black people make up 43% of the homeless population. >> the community-based organization, everyone home releases these reports, the executive there. she says that there's many economic factors that drive homelessness, including the fact that a resident must make $44 an hour to afford a 2 bedroom apartment alameda county. and that's 3 times the minimum wage. 16 1% of the homeless people being surveyed say they lost their homes due to the pandemic. the executive director was surprised to see a 62% increase in people living in their cars. they lost their homes in there, moving into the cars that they alread

this is incredible, as crime spikes everywhere. mark, your reaction?s chill out a little bit. it really doesn't matter that there's crime in new york city and l am because everyone's going to be driving an. v by 2035. that is the focus. maria: unless you're told to lay off on the charging. >> exactly. when you have you to unplug your tesla for a month straight, you might have some issues. but it's completely -- obviously, it's a dead give-away when you hide data that you've got something to hide which is absolutely insane. but look, we all know that in these democrat-run cities, progress i've-run cities, they continue to go back to the same playbook over and over again which is climate change. i'm surprised we haven't heard the climate change is the reason for an increase in murders and rapes. they could probably connect those dots. >> they will. >> somehow, some way. >> give them time. maria: this is why lee zeldin is gaining on cay kathy hochul. -- on kathy hochul. she said she won't discuss cashless bail until after the election. >> that's the numbe

i think this price spike isn't going to last that in fact, the wholesale price for >> heard november delivery is $2 lower. then the wholesale price today. so the market expecting the price to go down pretty drastically over the next couple months. >> bornstein says gas prices seem to vary from place to place more in california than anywhere else in the country. so he suggests not going to the same gas station all the time to purchase your gas shop around because you'll likely save some money reporting in menlo park. dan thorn kron. 4 news the search continues for 2 men accused of opening fire inside a school in east oakland. >> the city's police chief is calling on people with information to step forward. the chief says with the increasing level of gun violence in his city, it was a matter of time before someone on a school campus was targeted. he says he is not convinced any level of security could have prevented it. >> these are very difficult situations that, you know, it's hard to say if you can prevent them. i have somewhat at any location when you have 2 armed suspects who inte

why is it spiking this year?erts say one key reason after kids are back in school after the pandemic. many children haven't built up their immune systems and masks and social distancing are a thing of the past. >> this is the first time they're seeing a lot of these viruses. >> rsv symptoms seem similar to cold and flu, runny nose, decrease in appetite, coughing, sneezing, wheezing and fever. >> you should think about bringing your child to the emergency room when you notice that your child is having what we call respiratory distress or increased work of breathing and that's typically characterized in breathing really fast and a difficulty catching their breath. >> children need attention quickly. >> they no vaccine and no specific remedy, but severe cases can be treated in a hospital with fluids, oxygen or even a ventilator and ice packs to bring down the fever. >> i don't know how, but she slept with the ice packs on top of her. >> she was taken by ambulance and admitted in cooke hospital in houston. >> running

the yield spike here in fiscal chicken turned into fiscal roadkill?ield my remaining seconds to you to respond to my monologue disguised as a question? >> you are right about all of that, thanks for challenging conventional wisdom, something washington doesn't like to do. when key point is to watch the way they happened in november. if it is a big been for republicans they have to make a deal with the white house, it is easier to make that deal. all of congress working together to make it. if they win by a few seats almost every member of congress will have enough leverage to push the us to the brink of default. we've seen at least a few that are willing to go to the edge on this. carleton: curious what the midterm elections going forward? >> watching this closely. the midterms mean everything for the fiscal spending we will see going forward. in the past few years, probably little to no fiscal relief in the event of recession. that will leave the central bank on its own to navigate us through. any recession is nothing like extending an employment aid

so will that be enough to stop the spike? why one expert says no. >>> good evening, i'm sara donchey. so if you ivr e area, you have felt the pain at pump surely. now the governor is pointing his fingers at exhale companies. gas prices have dropped a bit over the past month here in california. regular costs $5.80 on average one month ago. today it costs $5.68. however, our gas prices, the high of $3.76. we don't even know what that's like here. so the question is now. is the governor's plan a good long-term solution to keep prices from spiking? anne makovec live for us in mill valley tonight with what the experts are saying about this. andrea? >> reporter: well sarah, the good news is gas prices are going down here in california. t noisthe time to shop around for the best price. now is also the time to not forget how high the prices got in the last few months. >> i like here because it's theo wewereat a minute ago was $6. this one is like $1.50 cheaper. >> reporter: drivers are starting to sew see only see. the state is looki

crime is on the rise with much of the spike in democrat-led cities. it's just the latest on the growing issues facing president biden. and vice president kamala harris takes a trip to austin for a major dinner for democratic donors but our border czar does not actually visit the border. we have fox team coverage on all of these stories but first to wilmington, delaware, with the latest on the growing problem facing president biden. lucas. >> john, on the sunday talk shows on fox the members of the trump administration sounded off on president biden's armageddon comments. >> those congressmens were reckless and even more importantly they democrat stated maybe one of the greatest foreign policy of the last decades and failure to deter putin. >> what he said was irresponsible on every level. even if regardless of the situation you never go and scare americans. >> haley said it's biden's job to tell americans everything's going to be okay and not scared. john kirby defended his boss. >> with the president reflecting is that the stakes are high right now.

we'll tell you about an alarming spike in talk of civil war online. and by some republican lawmakers. and later? our reveal of the day's biggest mystery. why conservatives are suddenly freaking out over scooby-doo. and frankly? why i'm not surprised. all of that in more is coming up. and, a good saturday morning to you. i am katie fang. breaking overnight! vladimir putin's military facing yet another critical setback on the battlefield. a massive explosion causing major damage to a bridge connecting crimea to russia. part of the bridge collapsed into the sea, compromising the main supply route for the russian military. and it happened one day after putin's 70th birthday. we've got kyle perry, he is live now in kyiv. cal, good morning. what can you tell us? >> he catie good morning. it's hard to understate what a moment this is and how important this bridges to russia's military effort. we've been talking so much about the ukrainian military pushing about the east and southern part of the country, while this bridge is the only land bridge between russi

we have seen wheat prices spike a new.n we get continued price pressure in wheat, what nations are the most vulnerable? eimear: this is the key risk going into 2023. the big risk is a food prices and especially in terms of fertilizer prices which are higher. we will see global central banks pivot away from to just keep hiking endlessly. that risk is higher food prices and it is in the space that is most at risk because they have higher current account deficits and there is that risk of fiscal service. dani: how do you square the two with more inflation coming from food prices but central banks starts to back off the aggressive rate hike cycle? eimear: it is aggressive in terms of the real rate you are offering to investors and that is most pronounced in seen the outlook. if you look at hiking over 1000 basis points, real interest rates are still negative. what we are most concerned about is poland. we think we are coming into an election year where the ruling party is campaigning on, we are going to do increased outlays, i

bond yields spiking again. we're going to hear from somebody who says the fed needs to slow down the speed of hikes. let's talk oil it is actually slightly higher, even as the white house keeps selling america's energy reserves are we on a collision course with opec as well? we're going to hear live from the president in moments >>> and trouble on the mississippi. how ultra-low water levels may turn into another supply chain and maybe even energy crisis there is a lot to do on this very busy wednesday. we are going to get to it all. but first, let us begin, of course, with tehese markets just heard on "halftime," talking about the stock market being down as yields rose once again. it's not quite perfect sink rownicity, but when we see yields pop, stocks almost inevitably go down when yields hold steady or go down, we see stocks go up. not 100% of the time, but that certainly has been the macro trend. right now, we are seeing the nasdaq and tech, we've had a nice rally the last couple of days, noted to nasdaq do

rsv cases spike around the country among young people as some hospitals become overwhelmed by patients. what symptoms parents should look out for. >>> drone outrage. u.s. officials say they have credible evidence of russia's use of iranian-made drones in the latest strikes in ukraine. how countries are responding. >>> truss resigned. liz truss steps down as the uk's prime minister after just 44 days on the job. when a replacement will be announced. >>> good morning, and good to be with you. i'm anne-marie green. we begin this morning with an alarming rise among children of a respiratory virus called rsv. it is pushing some hospitals to the brink. hospitals in at least 33 states are seeing a dramatic inse in cases affecting children. some health care facilities are so overwhelmed they're running out of beds. it's gotten so bad in connecticut, they are thinking about bringing in the national guard to help. omar villafranca has the details. >> reporter: at connecticut children's medical center, doctors are slammed with the surge in rsv cases. dr. john brancato says every inch of the emerg

then, inflation spike. american families forced to make tough choices as the cost of food rises.hind spiking prices. >> the vast majority has to do with things like processing costs, transportation, wholesale and retail trade. we see all of those prices go up. william: and growing outrage. pressure mounts on essentialist city council members following leaked audio of racist remarks.