the same to declare a climate emergency. here we are. we don t know why the white house stopped short of making this emergency declaration on climate today with of course president biden standing in front of a once-fired coal powered plant being converted into an offshore wind manufacturing facility. there s speculation a tough time to roll out that announcement amid high gas prices and recession fears and since can it be used as a legal basis to drop oil and gas drills. congressional republicans say pain at the pump is the point. i think the administration does want us to suffer. the secretary of transportation said yesterday you don t like the cost of gasoline, buy an electric vehicle. so some announcements did come from the president s remarks plan to propose wind mills in the gulf of mexico and a record of amount of fema funding for infrastructure, neil. jackie, thanks for that. let s go to jeff block right now. he s in philadelphia. witnesses this for himself. the
The bull is back. far from that. it s a wild ride. while we focus on the dow, it s up 48 points. more remarksable, what is happening on the tech rich nasdaq. up 1.5%. if you re counting from the lows, it s up 11% from the lows. a lot of the individual stocks that comprise that average are still in bear market territory. some not much better than a correction. the one big development certainly had to be tesla. after the bell, it reported some earnings and revenue numbers that beat the street. the stock is up and after hours trading, but the reality is right now that it dead experience their first sequential decline in quarterly profit in more than a year. a lot of this was telegraphed because they had problems in shanghai where they were unable to manufacture cars and china manufacturing in general was slowed. so some of this was anticipated.