the fed has not retrenched in their bond buying programs. the balance sheet is up $4 trillion over last year. any sensible person has 0 begin to wonder if it s not driving the higher prices. people are seeing it. the other thing, by the way, it s about to get worse. rents are accelerating. rents are a big part of the consumer price index. that will lead to bigger than expected numbers this fall. neil: real quickly. everyone else that looks at this in a positive way say it s transitory. that s why the markets are racing ahead. the dow and s&p racing ahead. nasdaq racing ahead. the nasdaq hit records today. so markets seem to be thinking that this is a short-term issue. you think it is? i don t think it is. by the way, the president of the st. louis fed doesn t think it is. there s a lot of people looking at this stuff. that s why i mentioned wages and say no, we re in a bad cycle.
wandering. back on british shores filmed on a boat aisle of philly. the animal drifted on iceberg i only have 15 seconds because we had to promote jesse s book. we have to go. people saw him. he is really cute. i hop much i see him wally how i saved the world. jess jets how i saved the world. that s it for us. have a good weekend. bret: good evening, welcome to washington. i m bret baier. breaking tonight major losses for investors following a comment from the president of the st. louis federal reserve bank that inflation is more intense than expected. the dow cratered 533 points. the s&p 500 dropped 55. the nasdaq fell 151. for the week, the dow lost 3.5 percentage points for its worst week since last october. the s&p 500 was down 2. the nasdaq lost about three tenths.
with the consequences of discrimination. the only teal at their disposal is force, which often makes matters worse. let s talk about the other alternatives and the police thag needs to happen. the kind of training that can happen in our police departments. tough recognize, there are a large group of people who feel as though their rights are being infringed upon. if, let s practice with the premise, how do we then heal and use different practices in our police? first of all, we have to have an honest conversation. if we continue to base this whole thing on a lie, then we are not going to make progress and we haven t made progress the last year. i was on an interview with a different network with the president of the st. louis naacp and we have disagreed for the last year and i started talking on that interview as i am today, that we need to address these
know. and that s obviously a prayer for the police officers a prayer for peace. we re told by protesters that there will be activity not just at the prayer vigil, but also leading from the prayer vigil and i guess we re all hoping there won t be a repeat of a lot of the violence we ve seen here in august and then again in november. but it is a town on edge. it feels cliche to say that but it is really a time where nobody knows what s going to happen. jake tapper thank you. we ll continue to cover it all throughout the evening. gabe crocker is joining us president of the st. louis county police association. also joining us cnn legal analyst sunny hostin as you know a former federal prosecutor and joining me here is pastor nearby church. first and foremost how are the wounded officers doing? well you know as you said they are home they are
that we haven t had any instances similar to this over the summer and fall. joining us now a adolphus pruitt. he s the president of the st. louis naacp. thanks for joining us. this is a serious setback, this shooting of these two police officers. give us your reaction to what has happened in your community over the past few hours. unfortunately, last night was a violent night here in st. louis. we had a 5-year-old killed in one part of the city and later on in the night, we had two police officers shot. it s never good to have anybody suffering from a gunshot wound of any nature irrespective of what it is they re doing and who they re representing. so it was a bad night. i m just looking forward to moving on and continuing the conversation going in the direction it needs to go in to bring the change that needs to happen with police and