questions if both were too slow to act. as mentioned, another tough day on wall street. the dow lost 237. the s&p 500 fell 23. the nasdaq dropped 30. today another new high for gasoline prices with the national average reaching $4.59 per gallon. the rising rates forcing some to cancel vacation plans this summer. we will address these issues and more with senate minority leader membership mcconnell in just a few moments. first, fox business correspondent grady trimble is in chicago where gas prices are soaring. good evening, grady. good evening, bret. on wall street, it wasn t as bad as yesterday but all three of the major indexes are down big this week. the nasdaq getting hit the hardest. dropping more than 3.5%. investors are worried rising costs and falling consumer demand are eating into company s bottom lines especially after disappointing earnings from two of the country s largest retailers. retailers are also concerned about the rising fuel costs which could in turn i
one is to address the terrify issue. tariff issue. government policy is what put abbott in control of 40% of the market for baby formulas, monopolistic arrangements they had with states that allowed them to be the sole provider of formula for low income recipients of baby formula. that was a government policy put in place and that would could have been addressed. here we are. what could we do? ramp up production abroad and import. you don t have to import from china and places like that or india. you could import from canada which why aren t we doing that? tariffs in place? granted they were put in place by the previous administration but biden could lift those tariffs and that would address the problem. and he is unwilling or at least right now to do it. that would be the most direct way to get at the issue.