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solutions. and there s going to be more we ll have to talk about as well. but first, i want us to be crystal clear about the problem. there are two leading causes of inflation we re seeing today. the first cause of inflation is the once in the century pandemic. not only did it shut down our global economy but through the supply chains and demand completely out of wack especially countries where more effective recovery responses weren t available. especially in those sectors that rely on semiconductors. these supply challenges have been further hampered by the onset of delta and omicron viruses and you ve all seen it and all felt it. we have a second cause, second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the pump for gasoline. putin s war has raised food prices as well because ukraine and russia are two of the world s major bread baskets for wheat and corn are essentially completely stalle ....
hough starts us off tonight from the white house. alex, good evening. good evening, trace, yeah, president biden had an address today and this is less about announcing new negotiating to combat inflation more so providing update on strategies already deployed. my plan is already in motion. from releasing oil from the strategic reserve to combating food price gouging, president biden says his efforts to combat inflation are working. i want every american to know that i m taking inflation very seriously and it s my top domestic priority. and i m here today to talk about solutions. but the president was also there to talk about alternatives plan. one that he says has been proposed by republicans. they don t want to solve inflation by lowering your costs. they want to solve it by raising your taxes and lowering your income. there is no republican tax plan. president biden was referring to an individual proposal by florida senator rick scott. i can t believe ....
that russian war planes haven t been able to gain air superiority despite flying 200 to 300 missions aa day. and russian units are suffering from major morale and discipline problems. a top u.s. official tells the washington post, they believe that middle rank russian military officers uks, some as high up as battalion commanders are slow in carrying out orders or refusing them altogether. a really terrible sign for the russians. and it shows once again just how rotten the culture is, the russian military. let s bring in right now former president of ukraine petro poroshenko. thank you for being with us. it seems when you hear the news out of the donbas and the news out of odessa, you put it together and it seems like more of the same. the russians targeting children, grandparents, mothers, other civilians. but not being able to do a damn thing on the ground when they actual i have to fight a war. where does this war stand right now, the day after victory day? fir ....
well. first, i want to be clear about the problem. there are two leading causes of inflation. first cause of inflation is the once in a century pandemic. not only did it shut down our global economy, it threw the supply change and demand out of whack, especially in countries where more effective recovery responses were available, those that rely on semiconductors. the supply challenges have been hampered by the onset of delta and omicron viruses. you all have seen it and all have felt it. this year we have a second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the pump for gasoline. putin s war has raised food prices as well, because ukraine and russia are two of the world s major bread baskets for wheat and corn are essentially completely stalled. ukraine has 20 million tons of grain in storage in silos right now. we re trying to figure out how to get it out of the country to market which ....
message to could-be candidates, particularly women, as she gears up for a tough midterm election season. today, president biden is ready to announce his plan to lower consumer prices. we ll take a look at what he s expected to say and how the markets are responding. there s also a remarkable story in this morning s washington post that details the lengths former president trump s chief of staff mark meadows took to keep trump in power after joe biden won the electoral college. we ll dig into that new reporting. we re also following the latest from ukraine and the new assessment from the pentagon on why the russian military is still not making much progress. they re a third grade army. there s that. plus, french president emmanuel macron dashes ukraine s hopes of an expedited path into the eu, while also proposing a, quote, new european community that ukraine could join. you know, he should if he s uncomfortable with zelenskyy coming to eu meetings, i g ....