to appeal the decision. we have live reports from the barge border in just a few minutes. for the january six committee, sitting down with one of the most high-profile witnesses yet, rudy giuliani. the former attorney met with the panel on friday after nine hours from when he was subpoenaed in january. you reported today, according to the emails obtained by the washington post, ginni thomas, a wife of supreme court justice, clarence thomas, pressed lawmakers after the 2020 election to set aside the joe biden popular vote victory. she wanted a clean slate of electors. we are going to talk to legal analyst melissa murray about. this first, reporting on today s top stories we go to mike in a sole, erin mclaughlin in ukraine, and sam in texas. big welcome to all of you. mike, we talk to you first. a very busy day for the president. he is not just making international air headlines, but he is taking care of business over there. what can you tell us? i ve traveled overseas with t
charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put this co
in the headlines with new ema s trying to overturn the legitimate 2021 results. good to be with you on a friday afternoon. along with seema moody, mike memoli, and ron insana. seema, a significant milestone. this bear market territory that the markets have now touched at this point. something the experts have been predicting for weeks. it s here. tell us more. the earnings story continues to get worse. big names like target, walmart, ross stores confirming inflation concerns. today we heard from john deere, which is struggling with supply chain issues and procuring the parts it needs to fulfill the strong demand it s seeing from farmers, and it follows a sharp rise in wheat and soybean prices. shares of deere down 15%. we have not seen this price action in two years. there s other names like coca-cola, kroger, down 7%, 8%. this while oil prices continue to rise now above $113 a barrel, which means gas prices are up a bit more. i guess the broader conclusion one can draw is
globe so what is monkey pox and how is it spreading? let s go outfront. outfront tonight, the u.s. opening the floodgates for ukraine. a massive $40 billion aid package about to be signed into law, so that brings the spending from the biden administration and the united states to $54 billion in just 60 days to aid ukraine. it sounds enormous and i want to be clear, it is enormous, in fact it is more than the united states spent on the entire foreign aid budget in 2019 in 60 days to ukraine. it is important to note, this is a bipartisan thing, the ukraine aid bill, and once the bill passes will be flow to seoul so president biden can sign it in his trip to asia and tonight, president biden pledging more aid. so the money coming at a turning point in the three-month war, ukraine s top military commander saying tonight, and i quote, tonight we are not just defending ourselves, we have conducted a series of successful counter attacks. so russia controls mariupol and the war i
make advances abroad, at home, he s facing significant headwinds. we re talking recession fears, soaring inflation, a stock market selloff, $4 gas in every state and a shortage of baby formula so severe, he invoked a wartime measure to increase production. with us now, cnn white house correspondent arlette saenz and cnn pentagon correspondent barbara starr. what is on the president s agenda? reporter: just to start off, forgive the noise, there s construction here at the white house, but president biden is on air force one flying to asia for his first trip to the region as president. as he wants to reinforce that that region remains a central focus of his foreign policy. now, officials have said that he had hoped to get to the region much earlier in his presidency, but he had been constrained due to covid concerns as well as other brewing crises, including the war in ukraine. the president will first travel to seoul, south korea, where he will meet with the country s new le