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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 ....
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There s this kamikaze approach. everybody thinks they have to sink this ship at all costs. but man, they re doing a lot of damage but they won t win. charles: every time i get a chance, i echo something similar. i plead with the administration, know climate is first and foremost. it matters more to you than anything else in this country but the damage that is happening right now, the collateral damage and it s dumb. if everybody in america had an ev tomorrow, 95% of us would have to work from home. there s infrastructure for it. it crazy, it s suicidal. with that in mind, what is the industry doing? they re being villainized throughout this. that s right. i think we re being unfairly villainized as well. we re at this point with the administration has a moral imperative to be asking itself on policy questions. ....
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Can better serve consumers. christi and victor, if there is good news in this, we have done a pretty good job here at limiting our trans fats on our own. about ten years ago, we had four and now it is closer to a gram per day. now the fda wants to ban them all together. there is a 60-day period where you can ask questions or concerns. it is expected to go through. industry doing a lot to curb these trans fats. big question going forward. what will they replace it with? there may be alternatives that scientists are working on as well. christi and victor. that is the big question. dr. sanjay gupta, thank you. we ll be right back. [ male announcer ] if you can clear a crowd but not your nasal congestion, ....