what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt
Very few images have come out so far showing any damage. Our middle east correspondent Lucy Williamson has more. A message not of war but of warning. Explosion. That israel could also strike its enemy at home if it wanted. After threatening a harsh and massive response to the smallest incursion, iran has downplayed this mornings strike. Its president didnt mention it once in his speech today. And this is the situation in isfahan, as shown on iranian tv. The message nothing to see here. Other than that, nothing has happened, everything is back to normal. Israel was divided over how to respond to irans barrage last weekend. Thejudgement of one far right Cabinet Minister this morning lame. And injerusalems main market today, many others were disappointed. When a bully comes to you, were going to respond to the bully with restraint, so the bully s just going to come back harder and harder and harder. But if you want to take down a bully, youve got to take down with force. I expected more,
gomez say? he believed that ivens is distraught and that he s possibly suicidal. what is interesting about that though is that they would not comment on exactly why they believe that to be the case but obviously they have reason to believe that is indeed the case. they did search his home. they looked for his handgun. couldn t find it. at this point they are assuming he took his handgun with him. do they believe he s still in the los angeles area? not sure. we can tell you this is the third day of searching. he was last seen on thursday night by his wife as she was going to bed. when she woke up the next morning he was gone. he just vanished. she called into authorities at about 7:30 in the morning on that friday. the search is the biggest in the burbank area in 20 years. 100 fbi agents. 40 sheriff s deputies and dozens more law enforcement agencies so all hands on deck for this situation. okay. we ll follow it. thanks so much. it may not come as news that if you lo