reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in krist
Streets. Betting big on michigan, donald trump heading to that critical Battleground State while his rivals duke it out at the debate. And the nightmare for anyone dreaming of owning their own home. Low Inventory Colliding with record high Interest Rates. Our nbc News Reporters are following all of the latest developments. We start with senator Robert Menendez pleading guilty to briby charges, just as we got new reporting that he previously blocked a law that could have ended his alleged scheme years ago. Nbcs ken dilanian has more on that story for us. Ken, what more can you tell us . Chris, back in december of 2020, there was bipartisan movement behind an effort to reform the foreign agents registration act, which is a 1938 law requiring that anybody whos representing a Foreign Government trying to influence the American Government has to general and disclose their activities. Its a pretty thorough law, but its not widely enforced and there are some weaknesses in it. And a group of s
capitol. welcome it our viewers in the united states and all around the world. this is early start. i m laura jarrett. and i m christine romans. it s wednesday, march 10th, good morning, everyone. in nearly a year since the pandemic hit this could be one of the most consequential days in american history. the president s $1.9 trillion recovery plan is near. and defying health experts by dropping public health measures. as for the recovery package it could deliver a generational transformation of the economy. poll after poll shows broad public support but the measure has no republican backing in the house or the senate. daniella diaz is live on capitol hill with the very latest, daniella, good morning. huge day on capitol hill. reporter: good morning, laura. that s right, the house is going to vote on this massive stimulus package today marking the last step before it ends up on biden s desk and he signs this legislation into law. this is a major achievement for the bi
Updates of the days news. Good morning, everybody, it is wednesday, august 8th. A lot to talk about this morning. Lets begin with that closely watched Special Election in ohio in a district that has been in gop hands for three decades, Republican Troy Balderson leads Danny Oconnor by less than 1 of all votes cast, making it too close to call. The official outcome may not be known until all the ballots are counted in the coming weeks the race could be coming to a recount as the final results are actually certified. Still despite the razor thin margin, Troy Balderson has claimed victory and Daniel Oconnor has not yet conceded. Listen to this. Its time to get to work. Over the next three months, i will do everything i can to keep America Great again so that when we come back here in november, get ready, we got to come back here in november i have earned your vote for a second time. Can you believe how close this is . We, we are in a tie ball game. We went doortodoor. We went housetohouse.
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