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
heroic months long fight for mariupol appears to be over and it s a major win for russia and major twists in races, as five states go to the polls. good to have you with us, u.s. president joe biden will travel to buffalo new york in the hours ahead, where he will meet with families of the victims of saturday s racially motivated shooting. a white house official tells cnn, mr. biden will make remarks in buffalo and condemn the shooting as terrorism motivated by a hateful and perverse ideology, this comes as we learn new details about the 18-year-old accused in the attack. the gunman opening fire in the supermarket, traveled 200 miles to the predominantly black neighborhood two months ago and he was there this past friday. authorities believe, carrying out reconnaissance a day before the massacre. they are investigating the shooting as a hate crimes and a case of racially motivated violent extremism. the latest now from omar jimenez. reporter: new details show the gunm
december 5th, 1989. it was a cold night in dredden, east germany. and it would change the course of vladamir putin s life. the berlin wall had just fallen. all over east germany, angry crowds roamed the streets, lashing out at symbols of communist rule. that night in dresden, they found a target. a local kgb headquarters. a mob surrounded the building. as the hour grew later, the crowd grew larger. inside peering through the curtains was a young kgb lieutenant colonel named vladimir putin. he was terrified that they were going to storm the building. putin was a junior officer, but the boss was away. he was in charge. the berlin wall had come down. police weren t going to help, and he called for instructions. desperate for help, putin dialed kgb headquarters in moscow over and over again. finally one official told him simply moscow is silent. and i think it felt like a deep betrayal to him. vladimir putin was on his own. he went down into the bowels of the buil
former police officer killed exchanging gunfire with the shooter. survivors of the attack describe a terrifying rush to escape. my daughter was crouched down to the front end for the entire shooting. i got all the way to the back door and the back door was stuck but morris, my co-worker, who told us to run to the back, he s also the one who was able to get the door open for us to get out of the building. we were afraid, we didn t know if someone was on the other side of the door. she was in panic mode and she did not move because she did not want to be noticed she was there. buffalo s mayor called for the city to pull together to overcome the trauma of the attack. we re heart broken. many people with tears in their eyes, families that have lost loved ones. i m telling the community to grieve but let s stay strong, let s stay together and let s get through this as a community. police have identified the suspect and 18-year-old peyton gendron. authorities are combing th
more about those lives that were taken so callously, solely out of hate. we re also learning more about the suspect. authorities identifying him as this 18-year-old white man who apparently traveled more than three hours from his home to target that community. a 180-page manifesto attributed to the suspect was posted online just before the attack. it shows the meticulous planning that apparently went into a racist attack in just chilling detail. we also learned the suspect was already on law enforcement s radar. he had made a generalized threat as a high school student last year. tomorrow president biden will travel to buffalo to meet with families of the victims. the terror in new york, sadly, just one of several mass shootings in recent days. let s begin with cnn s victor blackwell on the scene in buffalo. the suspect currently faces one count of first-degree murder. that really a starting point here. do we expect that federal hate crime charges will be added? reporter: y