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could badly affect access to sexual health services. an unprecedented spring heatwave hits part of spain, with temperatures of more than a0 celsius in some places. two people are taken to hospital after a stand hello and welcome to audiences in the uk and around the world. the australian opposition labor party leader, anthony albanese, has said he is humbled by his party s victory in australia s general election. addressing supporters, he pledged to transform the country into a renewable energy superpower and to work towards lifting wages and profits. our correspondent shaimaa khalil reports from sydney. this is the labour party s first election victory in almost a decade and it will be led by one of australia s longest serving politicians. we should be making change and, you know, that s what we hope that this government will do. it s been a long time in the darkness and now, finally, we can smile again. anthony albanese has promised voters safe change as he worked t ....
president welcomes all ideas to protect consumers and make sure oil companies are not taking advantage of putin s war and are competing fairly. no company should be engaging in unfair practices to hike up prices on american consumers press the president has said president putin s actions are what s driving the price increase at the pump. spring wall street journal columnist dan henninger. so mary, bad news continues economically. the gas prices the signs of slowing consumer spending on the stock markets have been just awful. what are those signals all telling us? are we headed towards stagflation or maybe recession? nothing has really changed. the fed was giving a lot of what we call monetary accommodation which is flooding basically the economy with money. and on the fiscal side president biden was spending a lot of money. there is a lot of concern that at some point that was going to cause inflation but begot the inflation the entertainment they re going to rais ....
abroad could start arriving this weekend. after the president used emergency powers to try to solve this formula crisis. amid the conflicted messaging, the white house is in the midst of a staff shakeup. john kirby is now headed to the white house joining the national security council. the latest from ukraine where the donbas region in the east is, quote, completely destroyed and resembling hell according to president zelenskyy. this as ukraine is about to get nearly $60 billion more in aid from the u.s. and from g7 nations. in oklahoma, the most restrictive abortion law in the nation approved by the legislature on thursday. banning the procedure from the moment of fertilization. the first of the growing challenges facing the white house. joining me now is senior white house correspondent. kyle: kelly o donnell in seoul, jonathan lemire, and former white house press secretary robert gibbs. we have former undersecretary of state richard s this engle. kelly, w ....
who has the upper hand. we can see victory ahead and it is all because of you, so thank you, pennsylvania. increased forest fires in the u.s., leaving of corals in the oceans. time is running out. live from london, this is cnn newsroom with max foster. it is thursday, may 19, 9:00 a.m. here in london, 4:00 a.m. in new york and washington. investors on wall street will be waking up after reporting the worst trading day in nearly two years, all eyes on the u.s. markets to see if the roller coaster ride continues as fears of a recession grows. let s take a look at how it is impacting life. gasoline prices are soaring. so are home prices. and if americans want to buy a car, with the supply chain shortages even the price of used cars has skyrocketed. in california, gas prices have hit $6 a gallon this week and experts warn that could be the national average before the summer is out. aaa has the current gas average at just a little over $4.50 today. the cost of gr ....
nearly two years, the dow dropped nearly 1200 points, it came after target reported a huge 52% drop in profits for the first quarter, walmart slashed its outlooks. these stores are pocketing less money because they have to pay so much more to get product on their shelves. wal walmart s stock fell more than 11% on tuesday, the company s worst day since 1987. and then of course there are also gas prices to talk b now above $4 a gallon in every state in america for the first time ever. the national average this morning $4.52 a gallon and climbing and that ripple effect is now hitting markets around the globe. overnight european markets opening lower, stocks also tumbled in asia after wall street s hellish day. inflation fears now depressing investor sentiment, many ceos publicly stating their concerns about a possible recession, something fed chairman jerome powell is keenly aware of. what we need to see is inflation coming down in a clear and convincing way and we r ....