hello and welcome to our viewers in the united states and around the world. i m john vause. ahead this hour, standstill. russia s eastern offensive appears to have stalled in ukraine. the plummet continues. stock markets in asia sharply lower following a big fall on wall street, all triggered by dismat earning reports by big retailers and fears of record high inflation. and still too early to call in the pennsylvania senate republican primary. but not too early for donald trump to urge the candidate he endorsed to declare victory. live from cnn center, this is cnn newsroom. with john vause. vladimir putin s three-day war is now into day 85 and appears to be going nowhere, with one nato official saying momentum is shifting in favor of ukraine. overall, nato says the war is at a standstill for now, neither side expected to make major gains. one area of progress for ukraine is a counter offensive in the kharkiv region. ukraine s military says another settlement has bee
intentional. let s go outfront. good evening. i m erin burnett. outfront tonight, the break news. stocks plunge. the dow closing down more than 1100 points today. that is the biggest loss since 2020, at the height of coronavirus, when there was so much uncertainty, no vaccine. the numbers were surging of the dead. this is the biggest drop since then. sit because the nation, one of the biggest retailers in the country, target, said it is getting crushed by inflation, which is hurting the entire country. the ceo saying costs have been rising much faster than retail prices. it was just yesterday that walmart stocks suffered its worst day since 1987. same reason, surging costs. the ceo telling investors, bottom line results were unexpected and reflect ton usual environment. u.s. inflation levels, particularly in food and fuel created more pressure. that pressure is hurting americans. it is outpacing any wage increases, and it is doing so everywhere. and the economy is the n
tuesday. the winner will face john fetterman who won the nomination from his hospital bed after pacemaker surgery. that pennsylvania race and others have been largely seen as a referendum on former president trump. but whether or not his influence has a hold on the republican party, still very much up for debate. let s go to north carolina now. trump endorsed the encumbent, but to no avail. there will not be a second term for madison cawthorn. in the pennsylvania governor s race, doug mastriano, a win, although he was ahead in poll before the trump endorsement. david chal-ian joins me now. the pennsylvania primary, let s talk about the outstanding votes first. take a look at where we are. this is about a 2,400 vote race. that s how many votes mehmet oz has in front of david mccormick. where are we looking? one key place is lancaster county, pennsylvania. we know there are potentially thousands of votes out. you see 87% of the estimated vote is in, so that s a big chunk of v
investors a scare by reporting a stunning drop in earnings, largely because of supply chain turmoil and rising costs. target lost 25% of its value today alone. its worst day since black monday in 1987. this comes a day after walmart sounded the inflation alarm, also suffering its worst day since 1987. the big concern is companies are having trouble passing along higher costs consumers and that perhaps corporate profitability has peaked. that s normally something you only see during big economic slowdowns. put all this together, you have the s&p 500 losing the most in one day since june of 2020, in nearly two years. the nasdaq plunging even deeper into a bear market. i should note markets were up big yesterday, but the wild swings really speak to the deep uncertainty about what comes next for the economy. and matt, a new conference board survey suggests, you know what, let s move on. matt egan, thank you so much. turning to our politics lead and an election cliffhanger in pe
That hes investigating allegations of collusion between the trump president ial campaign and the russian government before james comey also told a congressional hearing there was no evidence to support mr trumps claims that his home had been of collusion as fake news. Our North America editor jon sopel reports. The kremlin has Cast A Long Shadow Over American Politics in the last year. Intelligence hacked computers belonging to the Democratic Party before the election. From that, one question was there collusion between the Trump Campaign and moscow . The president said that is fake news. Then theres the allegation that barack obama tapped the phones in trump tower before the election, perhaps using british Big Questions for a big man. At six foot eight, james comey stands head and shoulders above all around him. Would he stick his neck out today at this hearing . The fbi, as part of our Counter Intelligence mission, is investigating the russian in the 2016 president ial election. And