relief has touched down and it s on the way for the millions of parents struggling to feed their children. just under two hours, ago the first shipment of baby formula arriving in indianapolis from europe. 78,000 pounds of baby formula being taken off that u.s. military plane and put on two fedex trucks for distribution across the country amid a shortage. agriculture secretary tom vilsack shaking the hands of the u.s. military members who helped transport that much needed formula. the first of several deliveries to come, in fact. the secretary told reporters just how quickly parents could start to see formula back on the shelves. i ve been told by the fda commissioner that in a matter of a week or so, we should begin to see some supply. but of the course of the next several weeks, we should see an ever increasing supply. so i would say certainly with the next 30 days we re going to begin seeing the situation. we re going to go right to nbc s meghan officials at that air
hospitalized in south carolina because of complications tied to nation s formula shortage. a children s hospital in charleston says three of the infants were admitted because they couldn t tolerate the formulas their parents tried using for them. another got sick from mineral imbalances from care givers micking mick i mixing their own formula. 45% of formula products were out of stock. help is hours away and coming from across the atlantic. our senior medical correspondent is in germany where the first flights are getting ready the leave. how soon will this formula hit the shelves? we have been watch b service members putting together these pallets. it s 1.5 million bottles. each bottle eight ounces. 1.5 million being sent by a european company to the united states. the department of defense is doing the shipping. let s take a look at what they are sending. if you look at this, you can see it says nestle. that s a swiss company. that s a formula that s hypoallergenic. a l
just in time for travel season. inflation is higher overall thanes within decades. baby formula is hard to find. the economy added more than 400,000 jobs last month and the unemployment rate is at pre-covid levels. let s try to figure out where we are right now. we begin with christine romans. it seems like there s nothing but storm clouds on wall street. there is so much going on and so much chaos, really. i keep saying there are so many cross currents in the global economy, any one of them would be destabilizing. there s a half a dozen. you talked about the higher prices, the chip shortage, covid lockdowns in china. war in ukraine. war in ukraine and that s going to be a big dpeel some time. that means energy prices. for investors if you re looking at your 401(k), you know this. eight weeks in a row, the longest losing streak for the dow since the 20s. that s not great. the nasdaq stocks just hammered. you look at apple, meta, some of these widely held stocks. the bi
learning new details about his life. welcome to new day . it is saturday, may 21st. we re thrilled that you are starting your weekend with us. good morning, amara. good morning to you, boris. thank you, everyone, for joining us today. with he begin with the nationwide plight, testing the most basic function of parents. the ability to feed their child. the baby formula shortage is throwing the white house into crisis mode as parents face empty shelves. the situation is so severe, not only has the president invoked a war-time measure to increase production, but now a military plane will be used to carry formula from overseas. the defense department ordered the first flights to leave this weekend from germany. and just this morning, president biden signing a new bill into law in response to the severe shortage. it allows the waiver of certain program requirements in the special nutrition program for women, infant and children, also known as wic. they are trying to expla
when they can t feed their babies. in some cases hording is a problem. one massachusetts mother confronted another shopper whose cart was overflowing with baby formula. look at this. look at all this. look at the shelves. you don t think i need it for my baby, too. this is the whole reason there s a formula shortage. you take all the formula off the shelf and buy it once. you come after me, get this one. i m saying this is the reason there s a shortage. you come and buy all the formula at once and there s kids who need formula today who won t be able to get it because you just bought it to stock up. we all have to work together on this folks. elizabeth cohen joins me from ram stein air base in germany where the formula flights will depart. elizabeth, tell us what you re seeing there. reporter: i ve been watching service members at ramstein service base put together these pal lots. 1.5 million bottles of formula headed to indiana arriving tomorrow. talking to the s