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top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because b ....
anything not to be in the projects. i grew up in one of the roughest neighborhoods in washington, d.c. now i m a master sommelier. one of less than 300 in the world, but i do it my way there is a lot in the wine industry to take seriously. the wine is one of them, i think. even though most kids like me don t have much of a chance, i got out. moved away to culinary school and left my old life behind me. this is my chefs table moment. but i wanted to come back to d.c. so this is like a very d.c. thing. that s what makes it delicious. to reconnect with my family. how many more eggs do you need? topaz mccoy, annoying me for 39 years. and seek out a side of the city just below its surface. that smell, huh? nothing like it in the world. i haven t been on this street in over ten years. this is nuts. am i the only person here from d.c., born and raised? it s a journey, man. i m excited how excited you are. i love eating great food. it s like a good old time. i ....
moved away to culinary school and left my old life behind me. this is my chefs table moment. but i wanted to come back to d.c. so this is like a very d.c. thing. that s what makes it delicious. to reconnect with my family. how many more eggs do you need? topaz mccoy, annoying me for 39 years. and seek out a side of the city just below its surface. that smell, huh? nothing like it in the world. i haven t been on this street in over ten years. this is nuts. am i the only person here from d.c., born and raised? it s a journey, man. i m excited how excited you are. i love eating great food. it s like a good old time. i m ready. i m carlton mccoy, raised in inner city d.c., educated in kitchens around the globe. these days i make a living as a master sommelier. i m a nomad, driven to move in and out of different cultures, different worlds, to celebrate diversity by embracing what makes us both unique and the same. after all, we carry our travels with us to ....
starving. i m carlton mccoy, raised in inner city d.c., educated in kitchens around the globe. these days i make a living as a master sommelier. i m a nomad, driving to move in and out of different cultures, different worlds. i celebrate diversity by embracing what makes us both unique and the same. after all, we carry our travels with us to our next destination. that s what life is all about. let s do this. south korea. like most people, i m starting out in seoul, an international mega city located near the center of the korean peninsula. it is the beating heart that drives the korean economy and churns out record-breaking pop culture exports, squid game, parasite and bts, the biggest band on earth. this place is fast paced and runs around the clock. what about the rest of the country? is it super traditional, modern or both? after today i m headed further into the country side. i want to learn about the people, the drinking culture and, most importantly, the f ....
baby formula shortage that s left families scrambling to feed their children. throughout the pandemic, stores are trugling to keep the shelves stocked. the white house is considering several actions aimed at easing the critical shortage now that manufacturers say it may be weeks or months, before supply s at full capacity. potentially months. that s a scary thought for some parents that are going to extraordinary lengths just to get the food their babies need. if they have it in stock. it s another full-time job. i m up with him and searching for formula. starting every week. i start with the similac website. after that i go to target. after that, i go to meijer, walmart. she is on a hunt for baby formula across the nation. this is thought-provoking and worrisome. when i get to work in the morning, i m looking for formula. we re sitting on the couch, we re looking for formula. i haven t found any in about three weeks. reporter: she has supply for thr ....