plus, more evidence of an economic funk. a new data point shows american consumers are getting even more pessimistic, and it s because of inflation. and a split screen day for republicans. trump in washington. so is pence. competing speeches put their rift in the wrestling match for control of the republican party front and center. up first for us, though, a federal grand jury, its highest profile witness, and what it might mean for donald trump and those who helped him try to steal the 2020 election. a former mike pence cheech of staff, marc short, confirm last night here on cnn, that he did receive and did comply with a grand jury subpoena, his first appearance before the washington, d.c., grand jury. marc would not discuss the content of his testimony. but a witness to a long list of episodes including the senior circle of trump allies who pushed a scheme with the home that vice president pence would then refuse to certify the real biden electors. multiple reports say greg
safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree. ceos are noting a shift in how we shop from buying big things like electronics to appliances to food and essential. goldman sachs says they re seeing customers tap into credit to get by. dave powell says the federal reserve must bring down inflation. they re going to act aggressively raising rates to do so. that warning hit the growth stocks today. apple, the country s biggest company is down 22%
topping our political radar glenn thompson s mixed message on same-sex marriage. just three days after voting against the federal law that would require states to recognize same-sex marriages congressman thompson attended his son s wedding. his son is gay. the congressman s office said he was thrilled to welcome his new son-in-law in the family but called the bill a stunt by the democrats. thompson one of 57 who voted no on that legislation. the european union today agreeing to an emergency plan to ration natural gas this winter. the deal aims to cut back gas use by at least 15% until next spring. the move comes amid fears russia will continue to further squeeze europe s gas supply because of its invasion in you careen. russia says it will be withdrawing from the international space station project after 2024. the leader of the space agency says it plans to build its own
the prices seemed high for the rest of the country. we re learning that is now the new normal. the first time the price of gas is more than $4 in all 50 states. georgia, kansas and oklahoma have yet to cross the $4 mark until this week. as soon as i turned the corner, i saw the price and thought we don t have time. it s a convenience thing for us. i expected as much. with prices getting so high, talked about price gouging and congress introducing the consumer fuel price gouging prevention act. the u.s. chamber of commerce has issued a statement saying they re against the measure. they feel like it would be back gas lines that we saw in the 70s and discourage energy production, this is a sign of how consumers are responding for the first three months of the first quarter of 2022. the registrations for new
nearly half the country s coal fired power plants are only eye two-day supply left. they could face electricity shortages in the coming months. rolling blackouts have already begun for some residents in china. it s a growing power supply crunch crunch really that forced companies to cut production. prices left countries scrambling. that may hinge on the controversial north stream to pipeline. reporter: gas prices have increased eight fold over the last year, but they did ease thursday after president putin said russia could look at exporting more gas to europe which is something that iea called for two weeks ago. at the same time, russia s deputy prime minister suggested that a speedy certification of its new pipeline nord stream 2 would bring deion gas prices. this increase owes concerns russia could keep back gas to