4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and then a
hazardous materials into the states of just have a short, senator. this is coming all of that. let me jump in here because i only have about 30 seconds left so that the legislation that you re proposing how would it fix that? well with the same at least two people running. the trains have to disclose hazardous materials . it would up the find that these companies pay. it would pay it, too. would it would make safer the wheel bearings that cause most of these accidents. all of these things in it s got strong bipartisan support. it s going to get through the senate was 60 votes, 65, or 70 votes were calling on the house to do the same. but it be be good. if the railroad executives say yeah, we support this bill will make a couple little changes, but but they won t. they ve always gotten their way they ve always fought in congress with their campaign contributions and their political connections. and in the past, railroad safety has been compromised. they ve laid off a third of their work
been saying rhetorically? this is their chance to show they actually are standing for family values. this is their chance to show they re actually standing for working families and blue collar voters. so i am very glad that we re going to have people on the record. i m really proud of senator sanders for his commitment to this issue. and i think the president should make it clear this is not asking for something excessive. most people believe you should get up to seven days of paid leave if you re sick. what happens if this doesn t go through? it sounds like an economic catastrophe is just ahead. it is. but the question, joy, in this country is if we re going to avert economic catastrophe should the burden always fall on the working class? should we always tell them just be fine with it, or should we at some point say, no, the bird has to fall on the people or the railroad executives who are
so look at that that s a bunch of coal right there. we are heading into the winter months, and if there is a diminished supply of stuff to make our houses warm, that s not good for anybody. brian: hard to believe that they would strike over six days of vacation days. that s what it is down to. evereverything else has been frd out. steve: they feel strongly about it. four unions say our quality of life is on the line. this is their chance to extract what they want from their bosses. ainsley: the president of the smart union said. they said the bail the ball, excuse me, the ball is now in the railroad s court. let s see what they do. they can settle this at the bargaining table. but the railroad executives who constantly complain about government interference and regularly bad-mouth regulators and congress, now want congress to do the bargaining for them. steve: a strike like this would impact the economy to the tune of $2 billion a day in lost productivity, and forget about