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oklahoma itself enacted two weeks ago. no, this new law awaiting republican governor kevin sits signature would outlaw abortions from fertilization, meaning when the sperm combines with the egg. there are exceptions for certain medical emergencies or if the pregnancy was a result of rape or incest. even then there are tons of questions as to how those exceptions would work in practice. for example, would you just have to report a sexual assault to law enforcement, or would there have to be an actual prosecution of an assault to terminate that pregnancy? and not only would this oklahoma law ban abortions from fertilization, it would also allow private citizens to sue abortion providers or anyone who aids and abets an abortion. it s really modelled on the texas law, is it not? pledged to sign every single piece of legislation that limits abortion that might reach his desk. that means this law could go into affect in days, hours, or minutes immediately after he signs. reac ....
reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in ....
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 ....
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 ....
he took the lead for the first time tonight around a half hour ago. okay. and the big dynamic here is kathy barnette had been eating into what might have been a clear win for him. david mccormick coming up the middle as the more moderate, traditional republican candidate, ie not election denying. look, this thing is still tight. it s a o1.1 race. bucks county are coming in with a slight edge to oz right now. but this thing is well within recount territory. this isn t going away. what do row think is happening that there is a slight inch for him? i think trump s endorsement is making a difference. oz doing really well in coal country. something to really pay attention to. mccormick s strength is the suburbs in pittsburgh, where he grew up. but right now you see oz just edging ahead. but this isn t going to be over. this is going to be days. this is in recount territory. every ballot counts right now. 851. did you say days? possibly. we thought hours, maybe. ....