nearly two years, the dow dropped nearly 1200 points, it came after target reported a huge 52% drop in profits for the first quarter, walmart slashed its outlooks. these stores are pocketing less money because they have to pay so much more to get product on their shelves. wal walmart s stock fell more than 11% on tuesday, the company s worst day since 1987. and then of course there are also gas prices to talk b now above $4 a gallon in every state in america for the first time ever. the national average this morning $4.52 a gallon and climbing and that ripple effect is now hitting markets around the globe. overnight european markets opening lower, stocks also tumbled in asia after wall street s hellish day. inflation fears now depressing investor sentiment, many ceos publicly stating their concerns about a possible recession, something fed chairman jerome powell is keenly aware of. what we need to see is inflation coming down in a clear and convincing way and we re goin
food prices too have gone up. nothing s being done about it. it s going to kill the people, these diesel prices. they have no i have no choice but to fill up my tank. there s no other choice. definitely too much. and it has to change, hopefully soon. neil: it is the story of the week, and right now it is hitting americans hard. i m talking about inflation, and it is still out of control. here s how bad things are getting. we re grateful if the rise isn t as dramatic as we had experienced in just the prior month. that is the state of things now with prices spiking at near 40-year highs. the last time we saw that is when jimmy carter was president. concerns that we re seeing the same thing roll out now and rolling around hoping for relief. good luck on that front. but kelly o grady on how customers and you are feeling. kelly. reporter: hi, neil. well, week we saw new inflation data with april s consumer price index out. the 8.3% year-over-year number was worse than ex
while incomes go down the stock market is plunging that means that retirement funds are getting destroyed, the cost of everything that you buy in every store you go to is continuing to spike. make no mistake economic devastation is here with no end in sight sadly. gas prices guess what? we had another record high today. diesel too another record high and they soon may be a diesel fuel shortage. utilities in this country there up a whopping 22%. fuel oil is up a whopping 80%. used cars are anywhere between 22, 40%. the rep over 13% and by the way when you finally buy one the msrp sticker shock is above msrp is gonna be about massive. looking for a plane ticket? that s up 33%. meat is 14%, ex 22%, milk is 14%. according to economists still need to folk over over 5,000, $200 more per household this year because of joe biden inflation and over $2,000 by the way every american that drives a car they will pay an extra $2,000 on gas prices alone. already as i said two-thirds of amer
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
democratic national convention in chicago. stay tuned. that sounds like a threat to me. i have not taken a penny from any foreign source ever in my life. was china paying joe biden an allowance? i would never eat your pete and a million years. you are so rude. how are you going to tell me i am a man in a purse and long hair and nails you can figure that out for yourself? the transgender bullies pete review. plus, have you ever caught anyone in alive? don t act like you ve got a big [ bleep ] when you don t got a big [ bleep ] . 1968, a year that lives on in infamy for the democratic party. as war raged through vietnam, riots filled the streets at home. and then president lyndon johnson announced he was stepping down. i shall not seek and i will not accept the nomination of my party for another term as your president. and for the next year he watched his party tear itself apart. the front runner for the nomination, bobby kennedy, assassinated. the democratic