intentional. let s go outfront. good evening. i m erin burnett. outfront tonight, the break news. stocks plunge. the dow closing down more than 1100 points today. that is the biggest loss since 2020, at the height of coronavirus, when there was so much uncertainty, no vaccine. the numbers were surging of the dead. this is the biggest drop since then. sit because the nation, one of the biggest retailers in the country, target, said it is getting crushed by inflation, which is hurting the entire country. the ceo saying costs have been rising much faster than retail prices. it was just yesterday that walmart stocks suffered its worst day since 1987. same reason, surging costs. the ceo telling investors, bottom line results were unexpected and reflect ton usual environment. u.s. inflation levels, particularly in food and fuel created more pressure. that pressure is hurting americans. it is outpacing any wage increases, and it is doing so everywhere. and the economy is the n
investors a scare by reporting a stunning drop in earnings, largely because of supply chain turmoil and rising costs. target lost 25% of its value today alone. its worst day since black monday in 1987. this comes a day after walmart sounded the inflation alarm, also suffering its worst day since 1987. the big concern is companies are having trouble passing along higher costs consumers and that perhaps corporate profitability has peaked. that s normally something you only see during big economic slowdowns. put all this together, you have the s&p 500 losing the most in one day since june of 2020, in nearly two years. the nasdaq plunging even deeper into a bear market. i should note markets were up big yesterday, but the wild swings really speak to the deep uncertainty about what comes next for the economy. and matt, a new conference board survey suggests, you know what, let s move on. matt egan, thank you so much. turning to our politics lead and an election cliffhanger in pe
cliffhanger in pennsylvania. the trump endorsed tv doctor, mehmet oz, is neck and neck with david mccormick. we ll break down the former president s election night wins and losses as he s now pressuring dr. oz to declare victory before the last votes are counted. and another chilling twist in the buffalo shooting massacre. we re now learning that the suspected gunman revealed his racist attack plans online some 30 minutes before the deadly rampage. and that s prompting a new state investigation. there s a lot to discuss when the mayor of buffalo joins us live this hour. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. tonight, ukrainian forces are within miles of their enemy s backyard, after making significant new gains in the kharkiv region near the russian border. cnn s nick paton walsh is on the front line. every inch of respite from russian shelling here comes at grotesque cost. what
gunman were shared with a private group online just 30 minutes before that attack. stephanie ramos in buffalo. the free fall on wall street today. the dow losing more than 1,100 points. what drove this today and what ceos across this nation are now saying about the possibility of a recession. rebecca jarvis is live. overseas tonight, the war in ukraine. finland and sweden now officially applying to join nato. how will pew tib respond? and president biden set to meet with both leaders of their nations tomorrow. ian pannell in ukraine. back here at home tonight, one of the most closely watched primary battles here in the u.s. still too close to call nearly 24 hours later. dr. mehmet oz against david mccormick, who is slightly ahead at this hour. the red flag warnings from california to texas. evacuations in texas, and more than 100 million americans now expected to see temperatures above 90 degrees tomorrow. this all moves into the northeast by week s end and rob marcia
ahead in a moment. but we re going to begin in buffalo. where in the wake of saturday s supermarket terrorist attack, president biden has just finished delivering remarks about the rise of ideologies in america. the president renewed calls for stricter gun laws and urged americans to reject racism. white supremacy is a poison. it s a poison. [ applause ] it really is. running through our body politic. it s been allowed to fester and grow right in front of our eyes. no more. i mean, no more. we need to say as clearly as we can that the ideology of white supremacy has no place in america. those remarks the president didn t just condemn americans spreading hate, he called those silent complicit. and he also issued this warning about the threat white supremacy posed to our country and the democracy. the american experiment in democracy is in a danger like it hasn t been in my lifetime. it s in danger this hour. hate and fear are being given too much oxygen by those who pr