hello, i m christian fraser. you re watching the context on bbc news. the snp market is down again. the dow in the us and stock markets in germany, france and uk are all down, too, as economic issues continue to sweep the globe. and while stocks fall, the most powerful country in the world can t feed its children as president biden invokes war time powers to tackle the baby formula shortage in the us. and coming up, we ll explain the nokia gate scandal, which has landed the dutch prime minister in hot water. tonight with the context, stephanie rawlings blake, former mayor of baltimore, and lord peter ricketts, former uk national security advisor. the stocks are tumbling, prices are rising, and the anxiety on global markets is boiling.
that has never happened before. now financial experts are warning of a, quote, summer of pain. oh, good. plus president biden invokes the national defense act to get baby formula back on shelves. how quickly will it come? how quickly will it come our goal as a parent to make sure our child has what they need. sure our child has what they need miss allen over there isn t checking lesson plans. she s getting graded on her green investments with merrill. a-plus. still got it. (whistle blows) your money never stops working for you with merrill, a bank of america company. you re pretty particular about keeping a healthy body. what goes on it. usually. and in it. mostly. here to meet those high standards is the walgreens health and wellness brand. over 2000 high quality products. rigorously tested by us. real world tested by you.
shockingly, yes. democrats and republicans need to work together on the issues facing america. steve: unfortunately, it sounds like once this verdict this judgment is announced, it sounds like, you know, the country is bracing for some sort of turmoil and it doesn t sound good. let s hope none of it happens. congresswoman nancy mace from south carolina, thank you for joining us today. thank you. steve: 21 minutes before the top of the hour. coming up president biden invokes the defense production act to help ease the baby formula shortage that the congresswoman was just talking about. because parents nationwide are struggling to feed their kids. lara trump says it s about time. joins us coming up next. signed, sealed, delivered, i m yours. here i am baby that s just growing. i feel kinder, when nature is so kind to me.
because i think the idea even after january 6th, the idea that we would still be talking about the election that president trump former president trump would still be trying to overturn said election or said states, that that would still be happening to this day. right. and it still is. i think what is happening in the republican party is something that is hard to get our hands around in trying to figure it out because it is growing and continuing. and it is going to continue until someone stops it and there is no one in the republican party willing to do so other than people like liz cheney and adam kinzinger. you either understand it is growing or you understand this was always the plan, making it impossible for president biden to actually govern. you wrote a piece this week for the washington post about how trump s election 2016 was a turning point for a lot of women, including yourself. you write about one of your fears of his possible return. quote. i now worry the dem
intervened to black house inquiries, biden s administration indicated it won t stand in the way. overall, eugene, how is the white house responding to this select committee? my colleagues reported not standing in the way. obviously, they are they want to know what happened that day, too. right? this is not something that really should be partisan. but these are democrats who want to know what happened on january 6th. and what, more, importantly, who are the people in the offices they are sitting in now, what did those people do? so they are interested in finding those things out. and when it comes to whether or not the president the current president is going to say executive privilege for trump that s likely not going to happen. they already said. one, they said they weren t, and they had to back pedal a little bit and said they would do you know, whether or not they would claim executive privilege on a case-by-case base. i assume it has nothing to do