russian oil under partial embargo, ukrainian wheat exports at a standstill. and all of it feeding 40-year-high inflation that americans are paying for every day. on the front lines, shippers and truck drivers, with diesel fuel prices up 75% in one year. in indiana, shelly is a full-time truck driver, that runs a charity to rush supplies to those in need. we re looking at possibly buying trailers and trucks, another truck. but we won t be able to afford to put tires on it or put fuel in the tank. reporter: all of it sending the stock market lower. the s&p 500 down 18% so far this year. the nasdaq, down a stunning 27%. are we closer to a bottom in your mind? we re seeing some signs that we might near the bottom for some stocks. reporter: the last time the economy faced so many challenges 1980, when
the threat of fatal hunger. russia and ukraine the threat of fatal hunger. russia and ukraine are the threat of fatal hunger. russia and ukraine are two the threat of fatal hunger. russia and ukraine are two of the threat of fatal hunger. russia and ukraine are two of the - the threat of fatal hunger. russia and ukraine are two of the world| and ukraine are two of the world buzzing from major wheat exporters and account for a third of global annual wheat sales. the g7 estimate 25 million tonnes of grain are stuck in ukraine imports. canada said the deal was ready to send ships to european ports so ukrainian grain can be brought to those in need. we are in can be brought to those in need. - are in agricultural power. we have a lot of knowledge and expertise in grain growing and grain shipping, and we will make sure to free ukrainian wheat. and we will make sure to free ukrainian wheat. . . , .., ukrainian wheat. these warnings came on the day india ukrainian wheat. these warn
world war ii itself, of coming to europe s rescue and standing up to fascism. so, i think there are historical residences here, that are resonating here, and it s bringing out quite a positive reception. there is about six weeks here where people started looking at grain exports from ukraine and russia and the role they play in the diets of people around the world, particularly in africa and also elsewhere. we or are we on ten being a worst-case scenario, on that particular aspect, and one being it is not a problem. where are we on that right now? i think we have even more insight into the dependence on ukrainian wheat. so, to give you one statistic, to share, that brings it home, apparently one out a roughly out of every two or three pieces of red in sub-saharan africa is made with ukrainian
they play in the diets of people around the world, particularly in africa and also elsewhere. we or are we on ten being a worst-case scenario, on that particular aspect, and one being it is not a problem. where are we on that right now? i think we have even more insight into the dependence on ukrainian wheat. so, to give you one statistic, to share, that brings it home, apparently one out a roughly out of every two or three pieces of red in sub-saharan africa is made with ukrainian wheat. to be very clear, i think maybe when you when i last spoke we were focused on plenty of crops, harvesting, bombardment and what would it mean for ukraine s ability to sow their harvest and to reap that harvest. now, we are very focused on russia s a blockade right. it s blockade of the black sea. because the truth is, the iranians have been heroic, they
The DarkShadow of Food InsecurityThe globalfood security crisis has reached the acute stage bordering on the inevitablecatastrophe. Although international organizations and government leadershipsworldwide have publicly acknowledged the dangers, even uttering the explosivelytaboo words such as “famine” and “food storage” to include developed countries,the near-term urgency was not communicated.Admittedly it’sa savvy