who has the upper hand. we can see victory ahead and it is all because of you, so thank you, pennsylvania. increased forest fires in the u.s., leaving of corals in the oceans. time is running out. live from london, this is cnn newsroom with max foster. it is thursday, may 19, 9:00 a.m. here in london, 4:00 a.m. in new york and washington. investors on wall street will be waking up after reporting the worst trading day in nearly two years, all eyes on the u.s. markets to see if the roller coaster ride continues as fears of a recession grows. let s take a look at how it is impacting life. gasoline prices are soaring. so are home prices. and if americans want to buy a car, with the supply chain shortages even the price of used cars has skyrocketed. in california, gas prices have hit $6 a gallon this week and experts warn that could be the national average before the summer is out. aaa has the current gas average at just a little over $4.50 today. the cost of grocerie
nearly two years, the dow dropped nearly 1200 points, it came after target reported a huge 52% drop in profits for the first quarter, walmart slashed its outlooks. these stores are pocketing less money because they have to pay so much more to get product on their shelves. wal walmart s stock fell more than 11% on tuesday, the company s worst day since 1987. and then of course there are also gas prices to talk b now above $4 a gallon in every state in america for the first time ever. the national average this morning $4.52 a gallon and climbing and that ripple effect is now hitting markets around the globe. overnight european markets opening lower, stocks also tumbled in asia after wall street s hellish day. inflation fears now depressing investor sentiment, many ceos publicly stating their concerns about a possible recession, something fed chairman jerome powell is keenly aware of. what we need to see is inflation coming down in a clear and convincing way and we re goin
former police officer killed exchanging gunfire with the shooter. survivors of the attack describe a terrifying rush to escape. my daughter was crouched down to the front end for the entire shooting. i got all the way to the back door and the back door was stuck but morris, my co-worker, who told us to run to the back, he s also the one who was able to get the door open for us to get out of the building. we were afraid, we didn t know if someone was on the other side of the door. she was in panic mode and she did not move because she did not want to be noticed she was there. buffalo s mayor called for the city to pull together to overcome the trauma of the attack. we re heart broken. many people with tears in their eyes, families that have lost loved ones. i m telling the community to grieve but let s stay strong, let s stay together and let s get through this as a community. police have identified the suspect and 18-year-old peyton gendron. authorities are combing th
terror attack in america on americans. ten americans killed, their ages ranging from 32 to 86. in fact, six of the victims were older than 60. the evidence clearly suggests they were murdered because they were shopping and black. this morning we re getting new perspective on the victims and we will speak to a number of people who knew and loved them. police say the white 18-year-old suspect traveled three hours from a different county. there are new details about how he planned the massacre and for how long. and a previous incident when he was on the radar of law enforcement, making a chilling comment last spring. tomorrow we just learned that president biden will visit buffalo and meet with victims families. we re also learning new details about a deadly shooting in southern california. four people were having lunch inside a church after services when a gunman entered and opened fire, killing one person and critically wounding four others. the taiwanese congregation was t
plus, senate minority leader mitch mcconnell leads a delegation of senate republicans on an unannounced visit to ukraine even as one of his own members slows progress on military aid that washington has been trying to fast-track. we ll tell you where that legislation stands now. and a key component of russia s propaganda machine at risk, as bloggers imbedded with russian troops are fed up with the repeated failures and are now voicing concerns. good morning. and welcome to way too early on this monday, may 16th. i m jonathan lemire. thank you for being with us. we begin with the latest on the deadly shooting in buffalo over the weekend. the white house says the president and first lady will visit the city tomorrow, to quote grieve with the community. speaking at the national peace officer s memorial service in washington yesterday, president biden addressed with the justice department investigating as an act of racially-motivated, domestic extremism. a lone gunman,