burn net outfront ton stocks dropped sharply and inflation surges. the dow down more than 500 points today after a new report showed inflation spiked to a 40-year high. prices up 7.5% over the past year. that is an incredible surge. in fact the fastest increase since 1982. and, yes, it's worse than economists had predicted. and it's getting to president biden. >> back in july you said inflation was going to be temporary. i think a lot of americans are wondering what your definition of temporary is. >> well, you're being a wise guy with me a little bit. i understand that's your job. >> you could see he was testy there. look, this is a tough moment for the president. and he did acknowledge inflation is a very serious problem. but, again, he made the case that it's going to get better. >> when can americans expect some relief from this soaring