Buying Nonessentials News Today

hello and welcome to our viewers in the united states and around the world. im john vause. ahead this hour, standstill. russias eastern offensive appears to have stalled in ukraine. the plummet continues. stock markets in asia sharply lower following a big fall on wall street, all triggered by dismat earning reports by big retailers and fears of record high inflation. and still too early to call in the pennsylvania senate republican primary. but not too early for donald trump to ur...

Slowdown. everyone in the red. cnn economics an political commentator katherine rappel joins us now from new york. >> great to be here. >> okay, so, the results of corporate earnings are coming in and the numbers are not looking good. heres our cnns matt eagan has been reporting the news. >> the big concern here is that high inflation isnt just bad for consumers, its starting to eat into corporate profits. that perhaps very fast profit margins may have peaked here. and that is starting to unne...

They are like atm cards, intended to be used for essentials that food stamps dont cover. there are reports that some people shockingly use the taxpayer money cards for alcohol, lottery tickets and even at strip clubs. new york is one of several states taking action against what lawmakers say are brazen ebt abuses. they passed a bill that would bar card holders from buying nonessentials or making atm withdrawals with those words at certain places like liquor stores. >> it could be up to some $300...