wheat, certain types of corn and certain types of oils. there are very real possibilities, and it is starting in places like sri lanka, mika, that we are going to see critical not baby formula shortages but food shortages for hundreds of millions of potentially billions of people, the longer this drags on. it is a terrifying story. i hate to say it, but we need to acknowledge it. it is real, and it could happen. we need to get the markets reopened. cnbc s brian sullivan, thank you very, very much for coming on this morning. we ll be in touch. still ahead, the pentagon says russia has shifted toward using smaller attack units in ukraine. clint watts is standing by at the big board with more on moscow s movements. plus, we ll be joined by a russian writer who describes the journey of those who, like himself, chose exile rather than remain in russia amid the invasion. also ahead, on the heels of the mass shooting in buffalo, new york governor kathy hochul
higher prices than the same version new. a two-year-old car with 20,000 miles costing more than the new one. sounds insane but it is. to your point, this is going to be the story. i was in the uk back in november talking about the impact of energy inflation on things like food and electric bills. don t leave out people s electricity bills. they re going to spine. it ll reset a lot higher. what people may not realize, fertilizers are almost entirely chemical. it is not cow poop anymore. it is chemical. those chemicals are made from things like natural gas. the ingredient costs are soaring. the price of fertilizers is $1300 to $1500 per ton. used to be $300. we re lucky to be here in the united states where we can probably largely afford this. to your point, the food costs in emerging markets, lower income nations are going to be out of control. ukraine is a major producer and exporter of these fertilizers.
earnings reports from target, wag mart, and other retailers. the s&p 500 and nasdaq also closing yesterday. rising costs are hurting corp it rat profits and consumer demand. joining us now, cnbc s brian sullivan to help sort through all of this. good to see you. what went into what we re seeing, not just yesterday, but expect to see today, as well? yeah, it is a dramatic turn in the consumer, willie and mika. good morning, everybody. inflation is out of control on so many levels. you did the baby formula story, powerful stuff. those costs, if you can find it, are also going up. the cost to manufacturer, deliver, transport everything just continues to rise. it is really, in many ways, guys, just an energy story. we talk about oil and gas and the energy transition. the price of diesel fuel at certain gas stations around the new york city area is $7 per gallon. that is the rough equivalent of $300 per barrel oil.
it would be highly beneficial, not just on the korean peninsula, but to the rest of the world to see north korea s regime collapsed. one of the message that that would bring is nuclear weapons do not guarantee the survival of a tyrannical regime. that would be a really important message to get out of this point. neil: powerful stuff, claudia, thank you very, very much. thank you, neil. 102 plus degree temperatures there. neil: these are people lining up from the hundreds, i m told, the thousands earlier in the day, for a chance to say goodbye to john mccain who is in the arizona state capitol right now in phoenix. the first of four days of funeral service though and on sunday finally with his burial. a lot of these folks, voters who remember him well, average citizens who respected him immensely. they want to say goodbye to the maverick. they are bearing the heat and bearing anything else just for
their option. they can choose what channels they watch, fred. all right, polo sandoval, powerful stuff, thanks so much. there are new questions about the immediate response to the parkland, florida, shooting. the broward sheriff s office is investigating the actions of three broward county deputies who were outside the school and had not rushed in when other officers from coral springs arrived. this is, in addition to the one broward county sheriff s deputy who did not enter the building as the shooting unfolded. that officer has since resigned. all of this, as we re learning chilling new details about warning signs before the massacre. cnn s kaylee hartung is live in parkland, florida. what more are you hearing from these police departments and from the public reacting to the fact there were now four police officers outside the building at the time of the shooting and didn t enter? well, fred, the members of this community who i ve spoken