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
Correspondent has more on those developments. If the west wants to stop russias advances in ukraine, they know here is one place they know here is one place they can do that. Now, beijing is not supplying moscow with weapons, but the west believes it is supplying russia with components that it can use in its war machine. The us has a raft of new sanctions at the ready, this time to target chinese banks. So president xi has a decision to make. For more on that relationship, i spoke to a former Us Ambassador to china from 2011 to 2014. Vladimir putin really wanted to play up Vladimir Putin really wanted to play up the significance of this meeting with xi jinping play up the significance of this meeting with xijinping in china, and he said that he and xi are as close as brothers. Do you think xijinping xi are as close as brothers. Do you think xi jinping sees xi are as close as brothers. Do you think xijinping sees it that way . You think xi jinping sees it that way . You think xi jinping
Hour of cavuto live and started this show that it is getting to be busier on the weekends right now how you live for these moments and you live to try to explain moments that sometimes are like other moments weve seen. Youve seen these College Protest a lot more than 30 just arrested at a Upenn Demonstration late yesterday more protest are expected here at around the world quite a few going on simultaneously for example, in london i believe theres one in paris as well. But again, not as in your face as the ones weve been seeing here. Lets get the latest right now from natalie in washington. What can you tell us . Good morning neil youre right there are more protest expected today including one of and another round of ceremonies bracing for demonstrations as well. Many of the protests trying to clear out encampments take George Washington university and d. C. For instance, the universities president met with representatives from arab mum and palestinian Student Organizations friday. But
Donald trump throwing his weight as you might have heard behind one jim jordan. Steve scalise shows no signs of backing down. All of this as the Republican Congress plans to vote on a Secret Ballot next week on who their nominee will be for speaker. Will donald trump be a king maker or could this be a deal breaker . Welcome, everybody. Im neil cavuto. Lets go to chad pergram on capitol hill. Chad, where are we on all of this . Neil, good afternoon. The endorsement of jim jordan by former President Trump cut multiple ways. It may boost jordan among trump loyalists, but some republicans think the last thing they need is a speaker endorsed by the former president. Jordan says hes the guy. Who can bring our Team Together . Who can unite our conference and who can tell the American People what were doing and why its important to them. Someone has to be able to come forward, unite the republicans around our message, around what were doing for the American People and go make that take that me
Demands despite getting the inquiry many of them pushed for. Also ahead what many are learning this morning about russian president Vladimir Putins meeting with north korean dictator kim jongun. All right, good morning. Welcome to Way Too Early on this thursday, september 14th. Im sam stein in for jonathan lemire. We begin this morning with the president s comments on House Republicans Impeachment Inquiry. On tuesday speaker Kevin Mccarthy announced hes directing three committees to conduct the inquiry and claims joe biden used his position as Vice President to further his son hunters foreign Business Dealings. Mccarthy made the move without holding a floor vote. Yesterday the president addressed the inquiry for the first time at a democratic fundraiser in virginia. Biden brushed the republican move off saying, quote, not a joke, not focused on impeachment, ive got a job to do. Ive got to deal with the issues that affect the American People every single solitary day. The president also