baby formula shortage that s left families scrambling to feed their children. throughout the pandemic, stores are trugling to keep the shelves stocked. the white house is considering several actions aimed at easing the critical shortage now that manufacturers say it may be weeks or months, before supply s at full capacity. potentially months. that s a scary thought for some parents that are going to extraordinary lengths just to get the food their babies need. if they have it in stock. it s another full-time job. i m up with him and searching for formula. starting every week. i start with the similac website. after that i go to target. after that, i go to meijer, walmart. she is on a hunt for baby formula across the nation. this is thought-provoking and worrisome. when i get to work in the morning, i m looking for formula. we re sitting on the couch, we re looking for formula. i haven t found any in about three weeks. reporter: she has supply for three wee
been able to gain weight and thrive on. and the fact that it s not available anywhere is scary. reporter: nationwide, 43% of baby formula was out of stock for the week ends may 8th. and in these eight states, by data. the problem caused by several factors, including a recall, inflation, and a supply chain snag. the biden administration says it s working 24/7, to ease is shortage. the defense production act could be an option, too, but the government doesn t know when it will get better. i can t give you a hard timeline. we re being candid working as quickly as possible. we re focused on this. the reporter: however, they saying that biden should have acted sooner. this should never happen in
and the s&p 500 had its best since may 4th, moving it away from bear market territory. still, many stocks, especially in the tech spect specter have struggling. twitter stock dropped after elon musk announced his take overdeal was on hold. reporter: there was a strong end to the week on friday, with the markets all higher. but it would be a mistake to think that the trend or the feelings had changed. the reality is, the deep economic problems persist. they re over inflation, which is 8%, and rising interest rates by the fed, which is designed to sk squeeze inflation out of the economy. you ve got issues with china, where the lockdowns are intensifying. and that s creating huge, huge supply problems for manufacturers all around the