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invited harry and meghan to join. tension has been brewing for some time now. william is now the heir apparent to the throne and prince harry stepped back from royal duties and moved to the united states. but the special connection was never broken. prince harry saying the queen's presence can be felt no matter what room you're in. and it will be some time before the reality of life without granny will be real. what a day, scott and what a surprise to see the two brothers together. how significant was this moment? >> reporter: well, i should point out, first off, jim, all of the peop...

you are live in the cnn "newsroom." i'm jim acosta in washington. we begin with a small sign of relief from the baby formula crisis that is gripping the nation. today a u.s. military flight carrying more than 70,000 pounds of baby formula arrived in indianapolis from europe, but you won't see it on store shelves here in the u.s. a white house official says the first shipment is heading straight to doctors, hospitals, home health care facilities and pharmacies in areas that need it the most. this means for many parents who have been desperately searching for weeks now to find formula ...

so why should anyone think he's telling the truth now? >> well, they shouldn't. to your point, he's the lead conspirator on the big lie and was cleared that he did everything in his power, simply, to just throw anything against the wall that they hoped would stick. and what's remarkable is how much they threw against the wall and how little stuck, literally nothing stuck after countless court cases, countless audits, we now know after two years, there is zero evidence supporting the notion there was any wide spread votertrarycontr more votes for joe biden. to your point, this is a gu...

when they can't feed their babies. in some cases hording is a problem. one massachusetts mother confronted another shopper whose cart was overflowing with baby formula. >> look at this. look at all this. look at the shelves. you don't think i need it for my baby, too. >> this is the whole reason there's a formula shortage. you take all the formula off the shelf and buy it once. >> you come after me, get this one. >> i'm saying this is the reason there's a shortage. you come and buy all the formula at once and there's kids who need formula today who won't be able to get it because you...

top of a brand new hour on cnn newsroom. goold good to have you with me. i'm victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let's start with the s&p 500 now into bear market territory today. wha...