neverending tide of gun violence. the annual convention of the nra kicked off today in houston. the keynote speaker is the arguably the most president voice of the republican party, the twice-impeached ex-president. greg abbot pulled out of an in-person appearance to return to uvalde. he ll be holding a press conference there in a few minutes, but back at the nra stage there will also be a speech from senator ted cruz who recently stormed off when he was asked by a reporter why mass shootings only seemed to happen in this country. cruz s decision to appear at the nra convention just days after 19 of his youngest constituents and two other teachers were murdered, chose how the hard line stance on guns has become so deeply embedded in the gop. even as the nra is weaker than ever consumed by scandals and lawsuits. as the washington post quotes, nearly a decade ago the massacre of 20 children and six adults through the politics of gun violence into a state of suspension for a f
and early years is where that cut s going to be. the football association investigates an incident allegedly involving crystal palace manager patrick vieira at everton. and eight towns celebrate their elevation to city status as part of the queen s platinum jubilee. and coming up on the bbc news channel, arsenal keep their woman as star striker vivienne miedema signs a new contract, extending herfive year, goal filled stay. good afternoon and welcome to the bbc news at one. bbc news understands that the senior civil servant sue gray intends to complete her report on lockdown parties at downing street this weekend. those expected to be named in the report are being given a deadline of 5pm on sunday to respond to herfindings before the inquiry is published. it follows the news that the metropolitan police has closed its inquiry into the matter. a total of 126 fixed penalty notices were issued to 83 men and women, including the prime minister borisjohnson and the chancellor ris
charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put this co