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
the center of our galaxy the first image of it ever captured. announcer: this is “nbc nightly news with lester holt good evening, everyone the nationwide shortage of infant formula is growing more acute tonight, leaving more parents in a desperate hunt for the nutrition their babies need. with the percentage of out of stock product climbing, president biden is vowing to step in, meeting today with industry leaders and announcing a series of measures to increase supplies. the white house vowing to cut the red tape. saying the use of the defense production act to increase formula availability is on the table. a tool most recently used to speed up delivery of covid related health supplies tonight, the shortage being felt across the country, but the crisis has become especially urgent for certain vulnerable groups of children jo ling kent has late details. reporter: tonight, the biden white house under growing pressure to act, with millions of families unable to get infa
market. major industries in the mud yesterday part of a week-long slide chipping away at your retirement funds, 401k coming off the worst quarter since the start of the pandemic. dana: adding insult to injury the price of gas hitting another all-time high. $4.41 a gallon right now. close to $6 in some states. bill: president biden blaming these issues on just about everything and everyone from climate change to covid but according to larry kudlow it s time to take a look in the mirror. president biden should start to own this problem. the blame game doesn t work. it is not working for him. ordinary working folks don t buy into the blame game at all. you are in an emergency inflation crisis. and so you have to start taking emergency action. peter doocy rocks off the show report being live from the north lawn this morning. good morning, peter. good morning. we have new insight this morning from inside the white house. we know more this morning about how the president
john: another fox news alert to kick off america reports for this thursday. biden administration cancelling a massive oil and gas lease sale in alaska and the gulf of mexico. scrapping the potential to give drivers desperately needed relief at the pump. hi, i m john roberts in washington. gillian, good to see you again. gillian: great to be with you, i m gillian turner in for sandra smith. so, america s economic woes are continuing to mount. one red flag economists are pointing to now today, april wholesale prices. up 11% from a year ago. one part of the overall inflation problem. consumer prices up 8.3% from a year ago, a slight drop from march but still hovering near a 40-year high. john: filling your tank could drain your wallet. the national average of gas prices a record high, costing 4.41 a gallon. look at where it is compared to a year ago, gillian. gillian: tremendous pressure on the biden administration. americans are skyrocketing with the cost of everyday
the details of the lovers on the lam. baby formula shortage. the big announcement today that could help parents scrambling to feed their children. tonight s other top headlines: u.s. overdose deaths hit a record. the investigation after a palestinian-american reporter is shot dead covering a raid in the west bank. plus the haunting pictures of soldiers trapped inside a steel plant in ukraine. we speak to the wife of a soldier. i will do everything to save him. o donnell: and unifying america with with a group of teenagers who turned their experiences into action. this is the cbs evening news with norah o donnell reporting from the nation s capital. o donnell: good evening, and thank you for joining us on this wednesday night. tonight, american families are coping with rising prices on everything from groceries, gas, and rent. consumer prices jumped by 8.3% compared to the same time last year. and while inflation eased slightly in april, it remains near a four-decade