midterm elections. in a hail mary, biden administration appears to be banking on the youth vote, i m john roberts in washington. you are all warmed up. sandra: and a lot more to dig into there, great to be with you. sandra smith in new york. this is america reports. biden administration is now just moments away from announcing that it is cancelling $5.8 billion in loans for borrowers who attended a for profit college. now middle class americans are left picking up the tab as experts warn a recession is just around the corner. it s the largest student loan cancellation in u.s. history as 560,000 borrowers are now off the hook. john: but could that just be a sweetener? the move comes a day after biden admitted gas and food prices are not going to come down soon. gas prices a new record high, up more than $0.50 in the past month. and new disappointing private sector job data out shows businesses are struggling to hire workers. sandra: it is a big problem and worse. south
reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in krist
families can t buy baby formula. bill: 40% of brands are out of stock nationwide. one republican lawmaker saying she is hearing from border agents who say their facilities have entire pallets of formula set aside for illegal immigrants crossing the border. these agents themselves have families and they have family members that can t get this baby formula in the stores. in texas and arizona, new mexico. the richest nation in the world and we re scrounging around for baby formula? the formula crisis is just one of many disasters facing biden s administration. americans scrounging for gasoline money as inflation is running at nearly a 40-year high. today the average price hitting yet another all time high, $4.43. bill: crime is another concern. the president will meet with police chiefs and mayors today to talk about it in cities across the country see a staggering rise in homicides. let s go to the white house where peter doocy is reporting live from the north lawn. w
and who is against it. majority leader chuck schumer is calling a vote on the women s health care act, an unusual move because he doesn t have the votes. only 49 senators are expected to say yes, 11 short of what it would need to pass. speaking from the senate floor, schumer said he was pushing forward because it was time for each member of that body to tell the american public where they stand. before the day is over every member of this body will make a choice, vote to protect the fundamental rights of women across the country or stand with five conservative justices ready to destroy these rights in one felled swoop. today s vote is one of the most consequential we will take in decades because for the first time in 50 years a conservative majority, an extreme majority on the supreme court is on the brink of declaring that women do not have freedom over their own bodies. this is also about the mid terms for democrats with polling and a century s worth of history keeping
are in dire need of basic necessities like food, water, and shelter. the un estimates that, since the start of the conflict, more than 9 million people have fled their homes with 24.8 million people in need of assistance. the un says sudan is the world s worst internal displacement crisis. this week, the un s refugee chief visited sudan s displacement camps where over a million sudanese have sought shelter because of the fighting. filippo grandi expressed deep alarm at the scale of the humanitarian emergency, and urged all nations to do everything possible to stop the conflict. let s be very clear. the civilians are the ones that have no responsibility, no fault of their own in this conflict and yet, as so often happens, they are the ones paying the highest price. this war has to stop. peace is the only solution so that we can help properly these people and all those to whom we have no access because of the war. this week, the un security council demanded an end to the si