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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 ....
nomination. he is pennsylvania s leading far right figure. he was a champion of the big lie and the efforts to overturn the 2020 election results. he will face democrat josh shapiro, the state s attorney general. shapiro is the first nonincumbent to run unopposed in a democratic gubernatorial primary since 1930. john fetterman easily won the democratic senate primary in pennsylvania. he might be the first person to do so from a hospital bed. he s out of surgery this morning after suffering a stroke and receiving a pacemaker hours before the polls closed yesterday. we ll talk to his wife to get an update on his condition. in north carolina, first term congressman madison cawthorn has now conceded after losing the primary to state senator chuck edwards. it is a major rebuke of someone who was once seen as a rising star in the gop, but whose political career saw scandal after scandal from embarrassing photos to those claims about ori orgies that put him on the outs with ....
Today. the appointment of putin led to this, you know not a black hole but it led to us not having this intelligence out of moscow, which can only be described as an intelligence failure you said. the fact that they didn t see the putin appointment coming, an intelligence failure on par with pearl harbor and one that is still felt today. it is. we didn t see putin coming because we had no agents around him, they had all been betrayed, and when he comes to power the ambassador to moscow told me, i got better intelligence from moscow taxi drivers than i did the cia. that s how devastated u.s. intelligence was. he s on the record with that. wow. i mean, it s something. listen, you want a good thrill for read, here you go the fourth man. bob baer, always great to have you with us, appreciate it. thank you. thank you. a deadly accident or a case of sabotage. new details about the cause of a china eastern crash in march ....
To call, razor thin margin separating celebrity dr. mehmet oz and dave mccormick. this will almost definitely trigger an automatic recount. the winner will face john fetterman, lieutenant governor, who captured the democratic nomination, from his hospital bed after pacemaker surgery. and in north carolina, no second term for embattled republican congressman madison cawthorn, who was defeated by state senator chuck edwards last night, making him a one-time congressman at this point. two children in tennessee have been hospitalized because of the formula shortage. the toddler and preschooler have intestinal conditions and the families couldn t get their hands on the specific formula they needed. a new wall street journal report shows black box data recovered from a china eastern crash back in march suggests that someone in the cockpit intentionally downed the plane. all 132 passengers on board were killed when the flight nosedived from 29,000 feet into the mountains. the u.s. s ....