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Transcripts For CNN CNN Newsroom With Jim Acosta 20240707



this is not business as usual and shows how dire the situation has become. some families have turned to hospitals to help feed their children and that includes four babies in south carolina who could not tolerate other formulas when their usual product sold out. one estimate says at least 45% of formula products were sold out last week nationwide and hoarding is only making things worse. one woman in massachusetts filled a shopping cart full of baby formula and was confronted by another shopper. take a look. look at this. look at all this. i need it for my baby. look at the shelves. you don t think i need it for my baby, too. you take all the formula off the shelf. you come after me. i don t know you get this one. i m saying this is the whole reason there s a formula shortage. you come and buy all the formula at once and there are kids who need formula today who won t be able to get it because you just bought it to stock up. we ve got to work together on t ....

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Transcripts For CNN New Day With John Berman and Brianna Keilar 20240707



nearly two years, the dow dropped nearly 1200 points, it came after target reported a huge 52% drop in profits for the first quarter, walmart slashed its outlooks. these stores are pocketing less money because they have to pay so much more to get product on their shelves. wal walmart s stock fell more than 11% on tuesday, the company s worst day since 1987. and then of course there are also gas prices to talk b now above $4 a gallon in every state in america for the first time ever. the national average this morning $4.52 a gallon and climbing and that ripple effect is now hitting markets around the globe. overnight european markets opening lower, stocks also tumbled in asia after wall street s hellish day. inflation fears now depressing investor sentiment, many ceos publicly stating their concerns about a possible recession, something fed chairman jerome powell is keenly aware of. what we need to see is inflation coming down in a clear and convincing way and we r ....

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Ames police investigating shooting; 1 person hospitalized

AMES, Iowa — Police are investigating a shooting that injured one person Thursday night in Ames. Officers with the Ames Police Department were called to the 3800 block of Tripp Street just after 9:00 p.m. When they arrived, they found a male who had been shot. The victim is being treated at a local hospital. […] ....

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