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
Costs. Companies will be looking at their vulnerabilities, another is that people are using their own devices, they want to be able to access work e mails in all kinds of places with ease. Security is not often places with ease. Security is not ofte n to p places with ease. Security is not often top of mind for people. I think you will have very worried people at the top of company saying, weve got to get a grip on this. Our Sensitive Data and Customer Information cant go, reputations are at stake if we make a mistake. It transcends borders, thats the real problem for people, you cant look at it domestically, youve got to look at it internationally. Look at it domestically, youve got to look at It Internationallym Look at it domestically, youve got to look at it internationally. It is getting to be a massive problem. Staying with the times, mades top tea m staying with the times, mades top team splits over Brexit Division between david davis, hammond and johnson. Thats not good, bearin
on the global stage especially, as that now been contained by the passing of this bill because one of the three major ratings companies, they re taking a wait and see approach. they are still warning they could still downgrade america s credit rating. we actually saw ten years ago when america got close to the fiscal cliff, the s & p. downgraded america s aaa credit rating. i think it s still possible. certainly all the dysfunction that existed in the lead-up to this debt ceiling debacle essentially still exists, and i think that alone, looking ahead to 2025, we re going to go through this again, you know, may not be enough to kind of stave off that downgrade, and it can be really costly, you know, just injecting again all this uncertainty into the economic markets and financial markets. that s not entirely costless. so it s a good thing that we got this done before the x date, but we re going to do this all over
number of senators and realize we have majority democratic senators, so i m sure that speaker mccarthy would like to be the only show in town, but we have a government that has more balance to it. sources tell me yellen s last warning with the potential default date, unclear if yesterday s warning was again coordinated. however, remember in 2011, the s & p downgraded the u.s. over potential default a week before they hit the default deadline. so every day that passes without a deal brings a lot more risk, john. john: plenty of jitters about what may happen. see if they get a deal, jacqui heinrich, thank you. sandra. sandra: now to the bombshell report out of the origins of the trump russia probe, not looking good for the nation s top law enforcement agencies and obama era officials. the durham report finding the
breakfast lovers everywhere, i just want to be the bearer of good news here egg prices have dropped nearly 40% after skyrocketing over the last year. so now all eyes on the fed meeting next week and whether it hikes rates again. how much in the meantime we re taking a close look at the dow, the s&p, the nasdaq and it is a rocky road egg prices, time to go home and bake a cake. cnbc s contessa brewer, thank you so much. thank you americans pay nearly three times more for prescription drugs than any other countries president biden s plan to change that we re live in las vegas as the president is set to speak. catastrophic flooding in california coming on the heels of deadly drought. but is one impacting the other we ll explain ahead. plus, reporting on what republican house members thought of ron desantis when he was in congress and how they feel about him now. it is so interesting you re watching chris jansing reports, only on msnbc.