Buying Nonessentials News Today : Breaking News, Live Updates & Top Stories | Vimarsana

hello and welcome to our viewers in the united states and around the world. i'm john vause. ahead this hour, standstill. russia's 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 urge the candidate he endorsed to declare victory. live from cnn center, this is "cnn newsroom." w...

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. here's our cnn's matt eagan has been reporting the news. >> the big concern here is that high inflation isn't just bad for consumers, it's starting to eat into corporate profits. that perhaps very fast profit margins may have peaked here. and that is starting to unnerve investors. >> this is what he's talking about. retailer target reported profits down by more...

They are like atm cards, intended to be used for essentials that food stamps don't 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 that they then take and buy cigarettes, beer, and lot lee tickets witness. lottery tickets witness...