again, it is different in every race and every state, but what is the posture broadly of these state parties toward donald trump, as you look at pennsylvania and you look at georgia? if you look at pennsylvania state party, the person i quoted is gleeson, former chair of the party, there is a lot of disappointment, soul-searching, hand-wringing. should we have gotten involved, the gop is saying, and try to coalesce behind another candidate than mastriano? they don t believe that mastriano can win in the general election. in georgia, it is a different story. it s a very trumpy chair of the gop there. there s been a bit of a georgia civil war within the republican party and kind of within the republican establishment ever since 2020. certainly since the 2020 elections. the chair there is just well-known as wanting to do whatever trump wants to do. trump has endorsed and supported kind of an entire slate of statewide candidates in georgia. trump is going to walk away as a
tenth day in a row yesterday. this is not getting any better with a war going on. the national average for a gallon of regular is now $4.59. let s bring in former treasury official and morning joe economic analyst steve rattner. also with us, co-founder of axios, mike allen. steve, so there are a lot of people who made a ton of money off of the stock market during covid. we told those stories for a year and a half. but it seems now that a lot of those gains are being given back. the stock market off to the worst start since 1940. what are some of the headwinds it s facing? joe, it s facing probably at least three different headwinds. inflation, as you pointed out, is affecting the economy, but inflation is also forcing the fed to raise interest rates. higher interest rats are tenmy
georgia. brushed him aside in the most dramatic way. looks like pennsylvania may be next. yeah, you re hearing this not only in these states but a few other states. trump has trained a lot of his fire in georgia, and that s where you started hearing this weariness. something that struck us writing this piece in pennsylvania was the similar tone, the similar sense of weariness republicans have. an interesting example of how all politics aren t just local but they re also national, one of the georgia republicans we spoke to said, look, we just want trump to kind of stay in his lane, back off a bit. she s a chair of jasper county s gop. she said that a lot of people in georgia were upset that trump endorsed oz in pennsylvania. it gives you an idea that conservatives are paying attention to the races not only in their own states but nationwide. again, there s this little sense of frustration. i don t want to misrepresent that trump is unpopular in the gop. he is not, he is very popular.
to the other point, you can see the horizontal black line simply takes us back to where we were a year ago, basically. in a sense, the stock market has given up its gains from a year ago. that s where we sit at the moment. well, let s talk about the specific stocks. i mean, this isn t across the entire stock market equally. i remember last year during the pandemic, i talked to somebody who invested in the stock market all the time and said, what are you doing ? they said, i m buying the tech monopolies. they ll keep going up. they did keep going up until they started going down. now, steve, it s a lot of these tech stocks. it s a lot of the stocks that did so well during the pandemic that are getting hit the hardest. yeah, joe, exactly right. you can break the tech stocks down into a couple buckets, as i can show you on the next chart. in the upper left, you have some stocks that had benefitted enormously from the pandemic. things, as you would imagine,
bring them in for questioning to see if the investigation can lead from there. i think this is an opportunity here to find, again, find out what is going on on the chat platforms. it does seem to me like there is something much bigger than just one person deciding to go and do this heinous crime. this planning went on for a long time. it was done on the internet in this semi kind of social media format. chilling. thank you very much for your reporting. we appreciate it. thanks so much, reed. david ignatius, the president of the united states, as we reported, is in asia right now. it is interesting, been a lot of cleanup over the past year or so. first of all, with our european allies, strengthening nato again. we saw this past week a lot of u.s. diplomats and the vice president and other cabinet members went to the uae, trying