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takening a pivotal step in restocking the low baby formula supply. the first palets of emergency formula arriving from europe via a u.s. military plane just a short time ago. and now going through inspection. the product is a specialty formula for infants who are intolerant of protein in cow s milk and will be distributed to pharmacies and hospitals and doctor s offices. we are live in indianapolis where the first shipment landed. p polo, this is just the first of what s expected to be many baby formula flights? reporter: and it is more than just a drop in the bucket. you re talking about 35 tons of the prescription baby formula that landed in indianapolis today. manufactured in germany. transferred to germany and air lifted yesterday. flew all night to get here. as you mentioned, this will not serve the general needs of parents who have been looking for a solution. in fact, asking the biden administration to act. we did see a representative of the biden administratio ....
just a year in a half into joe biden? it has been a rapid decline. if you get a moment this weekend , whole up the joe biden inaugural address. we can back it s remarkable. not because of what s in the speech, but because of what is missing from the speech. you want hear a single mention of the issues americans are mos concerned about. nothing on inflation, poverty, gas prices, the stock market, nothing on government spending coming energy independence, fentanyl overdoses, and nothing on border security. there isn t a single mention of policy in the entire address married instead he talked about himself. he compared himself to abraham lincoln issuing the emancipatio proclamation. he told us only joe biden could unite america, to save us from quote bitterness and fury. today on this january day, m postal is in this, bringing american together, and uniting our people, uniting our nation. i ask every american to join me in this cause. we could join forces. stop that the ....
to appeal the decision. we have live reports from the barge border in just a few minutes. for the january six committee, sitting down with one of the most high-profile witnesses yet, rudy giuliani. the former attorney met with the panel on friday after nine hours from when he was subpoenaed in january. you reported today, according to the emails obtained by the washington post, ginni thomas, a wife of supreme court justice, clarence thomas, pressed lawmakers after the 2020 election to set aside the joe biden popular vote victory. she wanted a clean slate of electors. we are going to talk to legal analyst melissa murray about. this first, reporting on today s top stories we go to mike in a sole, erin mclaughlin in ukraine, and sam in texas. big welcome to all of you. mike, we talk to you first. a very busy day for the president. he is not just making international air headlines, but he is taking care of business over there. what can you tell us? i ve traveled overseas ....
charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put t ....
in the headlines with new ema s trying to overturn the legitimate 2021 results. good to be with you on a friday afternoon. along with seema moody, mike memoli, and ron insana. seema, a significant milestone. this bear market territory that the markets have now touched at this point. something the experts have been predicting for weeks. it s here. tell us more. the earnings story continues to get worse. big names like target, walmart, ross stores confirming inflation concerns. today we heard from john deere, which is struggling with supply chain issues and procuring the parts it needs to fulfill the strong demand it s seeing from farmers, and it follows a sharp rise in wheat and soybean prices. shares of deere down 15%. we have not seen this price action in two years. there s other names like coca-cola, kroger, down 7%, 8%. this while oil prices continue to rise now above $113 a barrel, which means gas prices are up a bit more. i guess the broader conclusion one can dr ....