in the headlines with new ema s trying to overturn the legitimate 2021 results. good to be with you on a friday afternoon. along with seema moody, mike memoli, and ron insana. seema, a significant milestone. this bear market territory that the markets have now touched at this point. something the experts have been predicting for weeks. it s here. tell us more. the earnings story continues to get worse. big names like target, walmart, ross stores confirming inflation concerns. today we heard from john deere, which is struggling with supply chain issues and procuring the parts it needs to fulfill the strong demand it s seeing from farmers, and it follows a sharp rise in wheat and soybean prices. shares of deere down 15%. we have not seen this price action in two years. there s other names like coca-cola, kroger, down 7%, 8%. this while oil prices continue to rise now above $113 a barrel, which means gas prices are up a bit more. i guess the broader conclusion one can draw is
epf the way to achieve it. we start with that breaking news from wall street. stocks are in a bear market for the first time since the start of the pandemic. why? inflation concerns and the potential of a recession here at home. you can see the dow, the s&p, the nasdaq all down. our economic team is standing by to put this into perspective for your wallet and for your investments. the market roller coaster ride coming as president biden visits allies in asia, highlighting the push to fix the global supply chain problems that are adding rising prices from cars to coffee. and our new reporting on former attorney general bill barr now in talks with the january 6th committee about potentially testifying in front of those investigators. and why ginginni thomas is k