top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because bear ma
of bills, one of which provides an extra $28 million in funding for the fda that s mainly for staffing issues, oversight into preventing future formula shortages. elizabeth cohen joins us with much more on what is now more or less military operation to get more baby formula to the united states. it really is, john, that s a good way to describe it. who would have thought that it would come to this in the united states. let s take a look at some more details for what you and erica just described. so the defense production act, the government directs formula ingredients, inn gred yents that go into formula, to go to formula manufacturers first. in other words, not to other things first. also the fda making it easier to import formula to the u.s., something that has really not been done very much at all. also, operation fly formula, the department of defense helps expedite formula imports by using commercial planes that have contracts with the dod. also, the fda and abbott a
And more, allegedly trading his influence to benefit business associates, and egypt. Also tonight, ukrainian president Volodymyr Zelenskyy takes his appeal for western aid to canada after getting a mixed reception from top officials here in washington. This, as Ukrainian Forces target russianoccupied crimea with new attacks. And President Biden leads donald trump in cnns exclusive new poll from New Hampshire. Well break down the numbers and signs that anger at trump that outweigh concerns about bidens age in a potential rematch. Welcome to our viewers here in the United States, and around the world, im wolf blitzer, youre in the situation room. Announcer this is cnn Breaking News. We begin with the federal Criminal Indictment of a powerful senate democrat, democrat bob menendez temporarily giving up his post as Foreign Relations Committee Chair as he faces corruptionrelated charges for the second time in ten years. Cnns Senior Justice Correspondent Evan Perez is working to support the
intruded upon, the same thing everybody else in the world wants, and that there is a difference between privacy and intrusion and being able to have boundaries. millions of children in england go back to school borisjohnson describes it as an important first step towards a sense of normality . we all need to get back to some sort of routine. i have every confidence in the school and the way this has all been set up, and how they are going to get tested regularly. holding hands at last care home residents in england are now allowed one person who can visit them indoors but no hugs yet. on international women s day we look at new technology being introduced to help female athletes perform better. all families have their disagreements but nothing quite like this. once again, the royalfamily is at the eye of a global storm over its treatment of the duchess of sussex, over the fall out between prince harry and his father, and over the issue of race. and all in an inte
drjenny harries the deputy chief medical officerfor england. the prime minister is likely to be asked about today s other main news as the duchess of sussex tells american tv that her treatment by the royal family led her to contemplate suicide. she tells oprah winfrey that one unnamed family member raised questions about the skin colour of her son archie. so, we have in tandem the conversation of, he won t be given security, he s not going to be given a title. and also, concerns and conversations about how dark his skin might be when he s born. oprah winfrey has since said harry wanted to clarify that it was not the queen or prince philip who made the comments about archie s skin. she also addressed the couple s desire for privacy. hello. welcome to this bbc news special in the next few minutes the prime minister will be leading a coronavirus news briefing at downing street. today marks the first stage of the borisjohnson s road map out of lockdown for england. all s