from now. we will bring you those comments from that podium there live. white house officials say today s meeting will allow the three nations to, quote, coordinate a path forward and compare notes on the move. this comes just hours before president biden leaves for his first trip to asia since taking office. over the next several days he will make stops in south korea and japan with hopes of reinforcing those alliances, of course, with china in mind there. plus, we are watching a continuing losing streak on wall street. the dow down again this morning, though, not quite as far as it was earlier. this on the heels of its worst days in nearly two years yesterday. let s begin with white house correspondent john harwood on the north lawn. this meeting, an important show of support for the allies making an enormous strategic change here. do they believe this is baked in? turkey continues to make bones about standing in the way. i don t think baked in, but there does seem to be
all three major industries are down double digits for the years. the mounting losses will deal a blow to your retirement funds and your pension fund and we could go lower, dana. dana: a bitter pill to swallow as the cost of living is skyrocketing. the average price of gas now $4.58 a gallon up more than $1.50 from a year ago. bill: making matters worse the cost of rent hitting a record high in april. landlords asking for more than 1900 a month on average. dana: demand for mortgages is plummetings with average rates at a high. the new york post calling it joe s train wreck. bill: aishah hosni with a lot to cover from the white house on the north lawn. good morning. america is waking up and breaking all sorts of records in all the wrong ways. as of this morning the white house coming up with no new solutions outside of what it has already done and tried. take a look. let s start with gas prices here. shot up another 2 cents overnight to a new record high of $4.58
russia s invasion of ukraine. we ll ask the head of the foreign relations committee, senator bob menendez, about what s next for the u.s. response to that crisis. in new york, the suspected gunman in a racist shooting in a buffalo store is in court this morning as they launch a probe into the suspect s social media footprint. we begin with the dire situation facing families across the country, the baby formula shortage. the president taking dramatic emergency steps, invoking the defense production act to ramp up manufacturing as two bills, one sending $28 million to the fda and the other expanding formula access for low income families make their way through the senate. nbc news is the first to obtain a letter from two senate democrats urging president biden to, quote, immediately assign a coordinator to work with formula manufacturers. meanwhile, any moment now, the fda commissioner is going to be testifying before a house committee where he s expected to be asked about ho
Of parliament in westminster. Plans to make britain an independent, sovereign nation will be published this morning just one day after theresa may started the process of brexit. The great repeal bill will outline how the government plans to repatriate more than a0 years worth of powers from the European Union and convert thousands of eu rules into british law. Yesterday, theresa may described britains departure from the eu as an historic moment from which there can be no turning back. Eleanor garnier reports. Cometh the hour, cometh the moment, in westminster, belfast, edinburgh and cardiff the exact moment the uk took a new and different course. This is an historic moment from which there is no turning back. The letter, hand delivered by our man in brussels, telling the eu we are on our way out. Written in a deliberately conciliatory tone. But a hint, too, of the steel in mrs mays stance. No overt threat to walk away, but a serious warning, as she wrote a failure to reach an agreement