The bar should be higher but it won't really be "on your chest", it will be in your handpalms. Think "chest up" and flex your lats, abs, legs and glutes.
Look at the angle of the forearms, they are straight up. Yours are pointing forward and the barbell is floating somewhere in front of your body in stead of at the midline.
Widening your grip will not straighten your forearms, they would end up pointing forward AND outward.