the smp is now a majority and it wasn't _ the smp is now a majority and it wasn't the — the smp is now a majority and it wasn't the case and we are the largest— wasn't the case and we are the largest now and more councils than was the _ largest now and more councils than was the case before north lancashire for example. we are the largest party— for example. we are the largest party in — for example. we are the largest party in a — for example. we are the largest party in a number of counts use you councils _ party in a number of counts use you councils. that puts us in pole position _ councils. that puts us in pole position. our position in coming to agreements of what's best for local communicate these and we won't do deals— communicate these and we won't do deals and _ communicate these and we won't do deals and quite frankly the tories have _ deals and quite frankly the tories have taken such a defeat today i don't _ have taken such a defeat today i don't think that will be in prospect for many— don't think that will be in prospect for many councils anyway. beyond that.

installing smp is finishes the party. we will have more on all of that in the moment. verse eight look up the results in england. nearly 200 of those went to the lib dems. they could would have 30 with the 16% divide but the other parties and independents. 0ur political editor does contain some flashing images. political editor does contain some flashing images. 0k, folks, this is going well. trademark optimism, a contrast with the facts. around 500 tory councillors have lost. but in the safety of a primary school classroom in his constituency, the prime minister did not seem downcast. that's a very good, that blue margin, there. what about some sort of baubles here? he lost iconic london councils, giving away comfortable conservative ground. and what are we going to have when we have the party? - anger at downing street parties and concerned about making ends meet... there you go. ..yielded some terrible results, yet not disaster. mid—term and it is certainly a mixed set of results. we have had a tough night in some parts of the country but on the other hand, in oth

the smp are shortjust six seats of a majority. —— snp. they've lost a couple seats, the conservatives have really fallen back and it's labour in the greens who gained there. in terms of the first preference share of the vote, as always, i like the first preference change since 2017. the snp has actually slipped back in glasgow, as have the conservatives, and that is to the advantage of labour in the green party. many thanks for— labour in the green party. many thanks for that _ labour in the green party. many thanks for that overview - labour in the green party. many thanks for that overview for - labour in the green party. many thanks for that overview for us i labour in the green party. many| thanks for that overview for us of what's going on in scotland. now we have a full set to consider so we can make more definitive statements. kate forbes is a scottish finance secretary. thanks very much, good evening to you. secretary. thanks very much, good evening to yon-— secretary. thanks very much, good| evening to you._ nice evening to y

. >> you got paid a good yield on it, 10.25% but i guess the question is was it smp ksome kind of canary in the coal mine where it's going to get a lot harder for companies to access financing and they'll have to pay higher rates. >> the high yield market is in much better shape than it used to be. that being said, you would rather have a select number of high-yield issuers in the portfolio rather than the broad market, because the broad market may have many sectors that you may not wanti to own. i think you want to be careful about the credit you decide to pick and how you're going to build your portfolio that makes sense there's going to be opportunity also of investment grade they're going to be great companies to own and earn significant yield. i think to encompass both the public and the private side and find the best opportunity is the way to do it. >> where are you guys on the dollar, which just continues to scream higher? >> i think if the fed keeps on raising rates fast, i think the dollar will do well. i think when you look at europe, and i say this as a frenchman, it's difficu

than 1100 points the nasdaq plummeted 566 then smp slid 165 the dow's drop is its ninth biggest point loss in history the nasdaq suffered its sixth largest single day drop ever. well the price of gas continues to soar throughout the country and here in the bay area gas prices hit another record high today. san francisco has the highest prices in all of california gas in san francisco is now averaging 628 per gallon. that's according to triple-a in the a oakland gas is $6.15. same price in san jose. these are all new record highs by the way, according to triple a the state average price for regular gas is 605 nationwide nearly. every state is paying more than four dollars per gallon. coming up next the i-team with the story. you'll see only on abc 7 news what happened between two firefighters that ended with one of them in the hospital and the other under? rest united airlines cancels a couple's flight then charges $4,000 more to read book. can they do that? hi, michael finney cheven on your side is just ahead. i joined the district attorney's office to pursue justice for everyone. but

again really soon, the market owned luncheon opens in five seconds we are expecting green, the dow, the smp and the nasdaq just up a little. let's see we are up and running this wednesday morning, we're going to open up on the left inside of your screen there is a dow 30 most of them are open it is a split decision about half her up and how far down, not that much movement the dow is up 60 points, the s&p 500 is also up slightly again a .14%, the nasdaq composite is up very slightly 0% 1% higher. boys interested in the big tech that's where the money is the microsoft is up, apple is up in alphabet, amazon and meta are down, let me please sealift, the ridesharing people. down 28% that is a huge drop, were getting it from all angles. there is a lot of reason why the stock is losing a quarter of the value, the biggest one i'll give you numbers, they forecast 10 - $20 million and adjusted earnings when wall street wanted 83 million, that is a huge miss. also incentives can get drivers that cost them a lot of money and they only operate right here in the u.s., but contrast that to her, internati