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
adviser says he resigned last night because the prime minister put him in an impossible and odious position over an issue he believed would amount to a deliberate breach of the ministerial code. interest rates up again to one and a quarter per cent, the highest in more than a decade. a man confesses to killing a britishjournalist and his local guide in brazil, and leads police to where he buried the bodies. hot and getting even hotter britain s heatwave is expected to peak tomorrow with temperatures of 3a degrees celsius. an independent investigation into allegations of mistreatment in british gymnastics has found that physical and emotional abuse was systemic . the whyte review, which extends beyond 300 pages and was co commissioned by uk sport and sport england, found that gymnast well being and welfare had not been at the centre of british gymnastics culture during a 12 year period up to 2020 and that there was a coach led culture of fear. let s talk to our spor
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