4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and then a
quote, narrowly tailored to serve the government s legitimate interest in the integrity of the ongoing investigation. media outlets, including nbc news, asked the judge to make it public. trump and his allies have also repeatedly called for it to be unsealed, although they ve made no formal motion to do so. so the question we ll be waiting to find out, what is it going to reveal about the doj s case against the former president. at least, why they had that search warrant. we ve got a team of experts standing by to answer that question and to help us dissect it once we have it. meanwhile, this morning, president biden is on the offense, turning up the heat on what he s call maga republicans. a big change in tone from president biden, slamming their philosophy during a fund-raiser in d.c., saying it s like semi-fascism. then he took that energy on the road last night to a campaign rally, it seemed, in maryland. they re a threat to our very democracy. they refuse to accept the
welcome to bbc news. we start here in the uk, where millions of people face more travel chaos, as the biggest rail strike in 30 years continues. today s planned walk out by railway workers has gone ahead, after talks between the rmt union and railway employers broke down. the first day of industrial action on tuesday saw half of the rail network closed and 80% of services suspended. our transport correspondent katy austin reports. large parts of britain s railway have come to a halt again, overall, only about 20% of services will run, although in some places it is less. northern will operate fewer than 10%. where trains are running, services will start late and finish early. camelot lives in cheltenham where there are no trains at all today. she can t get to her part time job near bath, teaching english as a foreign language. if i can t get to work i won t have the income to face all the extra energy bills, etc, so i do need to get to work. five minutes do need to get to wo
flattened. this isjust the but whole villages have been flattened. this is just the start of the crisis. the british government says it stands ready to contribute to international aid efforts. also tonight. the cost of living crisis prices of everyday essentials are rising at their fastest rate for a0 years. the civilians bearing the brunt of russia s assault in the east of ukraine we re with volunteers in a desperate attempt to evacuate the area. cheering and applause the unveiling of a national monument to the windrush generation who came to britain from the caribbean and helped rebuild britain after the war. and coming up on the bbc news channel: a first grass court win of the season for cameron norrie as the british number one beat brandon nakashima at eastbourne. good evening and welcome to the bbc news at six. at least 1000 people are dead and many more injured after a powerful earthquake hit afghanistan overnight that s according to taliban officials. the country
also tonight. prices are still rising at their fastest rate for a0 years, with the cost of food a prime factor. tomorrow s rail strike will go ahead, after talks between the rmt union and railway employers broke down. and a new tribute to the thousands who arrived from caribbean countries from the 19405 and made a huge contribution to british life. and coming up on the bbc news channel. britain s harriet dart is hitting form a week before wimbledon, reaching the last eight at eastbourne. welcome to the bbc news at ten. a devastating earthquake in afghanistan has claimed the lives of more than 1,000 people and left many more injured. the country, which is governed by the militant islamist taliban, is already in the grip of a humanitarian disaster, with millions facing famine. the taliban have asked for international aid, and britain says it s ready to provide assistance. the earthquake struck near the south eastern city of khost, in paktika province. afghanistan is particularl