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4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and ....
the regional governor vadym filashkin said the situation there continued to deteriorate. greek police are searching for the bbc presenter and author michael mosley, who s gone missing on the island of symi. doctor mosley was last seen early on wednesday afternoon, when he went for a walk alone. he presents a range of programmes on health that often see him experiment on himself. the first crewed flight of the boeing starliner spacecraft has developed two small leaks of helium, but is due to dock with the international space station today as planned. nasa said the affected helium valves were shut off, and the spacecraft remains stable. a very warm welcome to the programme. on the 6th ofjune, 1944, aid the chaos of battle and the shouts, and screams of those soldiers ascending the beaches of normandy, was the sound of bagpipes. amid the chaos. as there was this morning, to mark the beginning of the 80th commemoration of dday. in 1944, the piper was bill millin, from gl ....
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Quickly over the gulf of mexico. we heard the fema administrator say that georgia has to wake up to the danger ahead. it s waking up quickly to that danger. no mandatory evacuations planned but a state of emergency has been declared and the national guard has been mobilized. neil, back to you. neil: steve harrigan, thank you. will be watching it as it moves into georgia. this isn t over. the sell-off on the corner of wall and broad, a big day. this is in point terms. today s ranks third between that happened in the early days of this year when we were going through the same sort of conundrum here, worried about interest rates. i should add that in percentage terms, the 3% fall off today wouldn t crack the top ten, dairy say the top 15 but it s real. it s nasty. built on the idea interest rates are going up because the economy keeps moving up. that would normally be a good ....
To keep it shut down. whatever your politics, for geekz who enjoy parliamentary procedure, it s certainly worth a view on youtube. congressman, thank you for your time and keep us posted on a deal. word of progress to a deal has prompted a reversal of fortunes of wall street after being down more than 100 points at one point earlier, right now as you can see the dow up just over 50 points, s&p almost up five. nasdaq up almost 17. joining me now tyler mathison, the dow up more than 100 points on optimism that a deal was going to come through. at this point, the markets appear to be pretty optimistic, no? they absolutely do, craig. you nailed it there, thursday and friday when word began to come out that maybe there was some progress towards a deal, you had the best gain in point ....