safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree. ceos are noting a shift in how we shop from buying big things like electronics to appliances to food and essential. goldman sachs says they re seeing customers tap into credit to get by. dave powell says the federal reserve must bring down inflation. they re going to act aggressively raising rates to do so. that warning hit the growth stocks today. apple, the country s biggest company is down 22%
Also tonight, donald trump is wasting his time in the bronx, following a Head Spinning week as a criminal defendant. Purveyor of nazi rhetoric, and bald faced liar that he was a target for assassination. Plus, how ron desantis fresh from his humiliating president ial campaign, is coopting the Civil Rights Era term Freedom Summer, to push his hateful agenda. We begin tonight with a very stark reality in america. Elections have consequences. And because this country elected donald trump in 2016, we have the most Extremist Supreme Court in modern history. Yesterday, the niemsz reported that Justice Samuel alito didnt just fly an upside down flag outside his virginia home, he also proudly displayed a flag that has become a symbol of Christian Nationalism outside his new jersey summer home. The flag seen here is called the appeal to heaven flag, which like the inverted u. S. Flag was carried by the Rioting Insurrectionists at the capitol on january 6th. Now, some will claim its a Revolution
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The price of groceries is likely a talking point for nearly every American as they approach the checkout counter on their regular trip to the grocery store. Hot inflation means prices are slowly rising every month, and despite the rising prices, the portion sizes are getting smaller. Brands are great about packaging things in innovative ways to ensure consumers don't notice. Whether it's more air in a bag of chips or a fancy new bottle shape, the numbers don't lie. Recently, President Joe Biden