4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and then a
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look, if donald trump received that phone call, my name is kim jong-un. let s start from the reality of what s happening here. u.s. officials are probably involved behind the scenes. but the main players in terms of the talks have been the two koreas with china trying to bring them together. now that is a process that donald trump has settled in the past by threatening diplomatic action. here is the second cold dose of reality. you cannot start the talks, as trump is doing by demanding that north korea give up its nuclear weapons that day is gone. you can try to limit north korea s nuclear weapons capability. you can try to bring into a range of agreements. but you re not going go back to the 1990s when we had the framework agreement where at that point they had not developed nuclear weapons. it s not going to happen. so i think so, you know, let s set trump s bluster aside. look very carefully at the