what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt
iran also has an agreement that has been laid out to it, something that biden went on to say, that it is up to them to decide what they want to do with that. more talks regarding the country s nuclear capabilities are expected at the conversation set to take place over the next couple days here in jetta. neil? neil: thanks very much, alex hogan. i want to go to lieutenant colonel bob mcginnis. a couple of things to juxtapose here. we know that the president and the israeli prime minister have committed themselves to making sure that iran does not get a nuclear weapon.we know that next week vladimir putin is going to be visiting iran and that country is already promised some defense drones that the country, russia, can use in ukraine. we re setting up for something that will get potentially ugly, aren t we? yes, we are.
Ukrainian train car will meet with zelenskyy in kyiv. the trip is a sign europe support s ukraine s fight for freedom. one important note, the president of germany also had planned to make the trip but says he was told he was not wanted there. wow. that s quite an affront. yikes is right. so later today executives from eight of the top weapons manufacturers in the u.s. will meet at the pentagon to discuss how to meet ukraine s military needs as the war goes on. that s according to reuters. among the companies invited, raytheon, and lockheed martin which build the javelin and stinger missils. at the same time the biden administration is expected to announce $750 million in military aid for ukraine as soon as this week. it could include new weapons, including coastal defense drones and howitzer cannons. with that in mind, russia issued a new threat this morning. the deputy foreign minister warning any u.s. or nato