he invoked the federal production act. that will compel suppliers and manufacturers to boost production and ingredient suppliers will have to deliver to formula companies first before any other customer. president biden is also directing military aircraft and commercial airlines to import formula from abroad, something the fda has long stood in the way of. currently the fda bans most foreign infant formula, not because of health concerns about labelling issues. in the face of this crisis, the agency promises to hurry up their review process to expedite imports. on capitol hill lawmakers voted with overwhelming support 12-9 to pass a bill that would widen access to baby formula for families using the nutrition program for women, infants and children known as wic. almost half of the babies born in the united states qualify for wic. when the shortage hit, many of the alternative brands or specialty formulas were not covered by wit benefits. now more family will be able to get he
70%. so, we ve seen stocks come down you get into the semantic game on wall street if the s&p falls 19.9% it was a correction not a bear market defined by a 20-% drop. we ve seen that five months now. it s safe to say it s a bear market also not i ll say what i always hear which is if you have no reason to take your money out for an imminent reason, leave it in. don t touch anything. and if you put money that you need imminently in the stock market that s a fundamental mistake of personal finance. if it s document payment money or emergency money, that s not in the stock market. ron insana, thank you so much, i m sorry for cutting you off. i have a big good-bye to do right now. before we go, some bad news for all of us, but some very happy news for pete williams, our longtime justice correspondent who is retiring later this
against this. they re going to repeal and replace obama care. what s going to happen to the 20 million people during what is going to be a period from repeal to replace because there s still disagreement about what will replace obama care. next week the president heads to chicago for his sort of big good-bye speech. what can you tell us? it s at the huge mccormack center in chicago, probably thousands of people, a huge celebration, a warm welcome. this is probably going to be the last moment that president obama has to talk directly to the american people about what he thinks has been what he has achieved, remarkable accomplishments. we think he ll talk about saving the economy from recession, bringing troops home, more than 170,000 of them from iraq and afghanistan, the affordable care act. and so many other things that he thinks have made this country
i want to say thanks to aur cashin in crew. you can head over to fox news.com/cashin in to see wayne and johnson s stock picks. this week we said going to a special frenemy of cashin in. not the big good-bye. just to see it let don t let the door smack ow your back side good-bye. john stewart stepped down from the host desk of the daily show thursday night. no more highly edited clips of us at fox for stewart and his team to write ridiculous commentary around, no more lame backstopping the administration s false claims. no more liberal ideas to support like the administration s stated plan to kill fossil fuels industry and the jobs that go with it. no more agreeing with the massive food stamp program suggesting that the hundreds of billions of dollars spent were for the needy. johnny boy, we introduced you to surfer dude who schooled you on that one. remember?
clashes in chicago. police in riot gear trying to push back thousands of protesters racing to stop domestic terrorists. three violent plots to use guns and explosives have been uncovered and president obama addresses nato in one hour. time for damage control. newark mayor corey booker defends bain capital and calls the negative tone of president obama s campaign nauseating. then hours later, youtube video pops up with booker explaining. he gave us the soundtrack to the 70s. remembering bee gees cofounder robin gibb who passed away after a long battle with cancer. we have the amazing pictures of that solar eclipse. but we begin in chicago. riot police are bracing for more of this. demonstrators say the havoc they unleashed this weekend is only the beginning and vowing more chaos today outside the summit of the military appliance. president obama is there rallying support for the nation s planned exit from afghanistan. the president due to speak at the top of the