united states or at least not able to keep up with the demand. these are pictures right now of trucks delivering the supply that was expected to be flown to the united states later today. the department of defense basically assisting a european company that s come forward offering about 1.5 million bottles of baby formula. what s important to mention here is that in this precious shipment of baby formula, we can also expect some of those specialty formulas for children who perhaps have special dietary needs, certainly something parents have been wanting to see. it will be a welcome sight. an important perspective, it s still just 1.5 million bottles when you have millions of infants in the united states that require this kind of nutrition. so a lot of parents, as they take in these very important pictures and no doubt extremely grateful to see this kind of action being taken, many parents are still somewhat skeptical, though, and hopeful that they will begin to see the real i
previously thought. what would it take for them to finally take action in the jimmy thomas scandal? i will discuss. using religion as political ammunition? a san francisco archbishop says that nancy pelosi cannot receive communion in his archdiocese unless she changes her stance on abortion rights. i will speak with the reverend claiming that the archbishop is using communion as a partisan political weapon. later, dozens of republicans voted against the bill that will help ease the broad baby formula crisis. i will introduce you to one texas businessman who says, i am tired of waiting for politicians to solve the problem. he stepped up in a huge way. all of this and more is coming up. a good saturday morning to you. i am katie fang. we have so much talk about this morning. let s get started. president biden is an indictment meeting with allies in the region. hours ago, he spoke in south korea about the importance of uniting the world democracies in the face of authorita
from msnbc world headquarters for new york. welcome everyone to world reports we. begin with rolled, reports president spending his day with the south korean counterpart, as they work to strengthen ties. and in the day with a state dinner. earlier they held a joint news conference after a bilateral meeting. both later shutting the importance of addressing north korean denuclearization, and some budget issues. president biden making clear the importance of this trip to asia as he prepares to had next to japan. there is a sense among the democracies in the pacific that there is a need to cooperate much more closely. not just militarily, but in terms of economically and politically. also bringing a federal judge blocked the biden administration from ending title 42. a controversial covid era trump border policy that allows officials to turn back migrants due to the pandemic. earlier today, texas congressman joaquin castro reacted to the ruling here and msnbc. this really,
victory. live from cnn center, this is cnn newsroom with john vause. a dismal day for wall street as the roller coaster ride on the u.s. stock market continues. the dow tumbled more than 700 points in its worst trading day since june of 2020. nasdaq lost nearly 4.8%. [ applause ] the sell-off began after target reported a 52% drop in profit for the first quarter, a day after walmart stock posted its worst day since 1987. markets in asia are also in the red this hour. live for us this hour in hong kong following the latest. after this, what are the marketing like in asia? yeah. asian markets are feeling that downward pressure after u.s. stocks, they posted the worst single day decline in two years. investors apparently spooked by two things. they re spooked by inflation fears. and they re also being spooked by weak earnings. target is the latest big box retailer to inject fear into the market. it posted that stunning first quarter profit decline of about 52%. it blam
and one confirmed case now in the united states. i m jake tapper. we start with the health lead in the biden administration, warning parents desperate to get their hands on baby formula to beware of online scammers, charging exorbitant prices for formula that does not exist. house lawmakers griled the fda commissioner demanding answers and action. this after the house passed a pair of bills to address the crisis. the first would provide $28 million to the fda to fix the shortfall and prevent it from happening again. the second bill is ensuring low income families can find and buy form law enforcement last night, biden passed the defense production act to direct suppliers to deliver formula to manufacturers. but the slew of actions is not stopping even biden allies from criticizing the overall administration response. nobody did their job here. no one did well. senator casey and i wrote to the fda and to abbott back in february and said, what are you doing? we need to get th