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good evening, lawrence. good evening, alice. it s subpoena night here at msnbc. with mike pence making little history. could be the first vice president ever. we should never lose sight of the fact that the vice president is getting a subpoena to talk about the actions on the part of his own president as it relates to potentially fomenting an insurrection at the capitol to undermine democracy. the gravity should not be lost on us. yet another unique entry in the mike pence position and in vice presidential history. once again. a long history at this point, lawrence. thank you, alex. the breaking news of the, night if you just heard, is that mike pence has made history once again. this time as the first former vice president in history to receive a subpoena from a prosecutor investigating possible crimes committed by the president who the vice president served. special counsel jack smith has subpoenaed mike pence to give under oath grand jury testimony. washing ....
we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more e ....
i m bill. let s start with you. aishah, the status quo, title 42 has been in place throughout the massive historic numbers we ve seen and that is not expected to change soon. less than an hour ago, a group of about 60 migrants that crossed illegally in front of our fox news drone in eagle pass, texas. and some of them are waving to our drone as well as a mexican law enforcement helicopter above them and had a chance to talk with some of them. told me they re from cuba, nicaragua and venezuela and that s title 42 is not enforced on. that s not the only group. a second piece of video. a single bigger group costed this one about 120 people in size crossing here into eagle pass. once again mostly cubans, colombians, venezuelans and single adults. this sector is getting hit hard in del rio. and just since october 1st, del rio where we are, more than 270,000 illegal crossings. those numbers are up about 145% over the same time last year. and keep in mind, all those numbers, ....
the race stands at this hour. plus the nba player who took a stand quite literally from the national anthem. jonathan isaac of the orlando magic joins us to talk about his new book on the inside story of what was really happening in the nba. trace gallagher is on the case tonight. good evening, trace? reporter: the white house and the department of homeland security both noted today with a straight face that the dhs information board was shut down because of disinformation quoting the board has been grossly and intentionally mischaracterized. it was never about censorship or policing speech in any manner yet that was exactly the worry of so many republican lawmakers who felt the disinformation board or ministry of truth as many conservatives who refer to it wasn t nearly as concerned as foreign information threats as domestic opinions. utah republican senator mitt romney called the board a terrible idea that communicates to the world we are going to be spreading prop ....
investors a scare by reporting a stunning drop in earnings, largely because of supply chain turmoil and rising costs. target lost 25% of its value today alone. its worst day since black monday in 1987. this comes a day after walmart sounded the inflation alarm, also suffering its worst day since 1987. the big concern is companies are having trouble passing along higher costs consumers and that perhaps corporate profitability has peaked. that s normally something you only see during big economic slowdowns. put all this together, you have the s&p 500 losing the most in one day since june of 2020, in nearly two years. the nasdaq plunging even deeper into a bear market. i should note markets were up big yesterday, but the wild swings really speak to the deep uncertainty about what comes next for the economy. and matt, a new conference board survey suggests, you know what, let s move on. matt egan, thank you so much. turning to our politics lead and an election cliffhanger ....