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fierce street fighting in eastern ukraine. president zelensky says his forces are holding on , but warns troops are running low on ammunition. and queen elizabeth ii becomes the world s second longest serving monarch only louis xiv of france has ruled for longer. good afternoon. if you have just joined if you havejustjoined us, welcome to bbc news. a leading business group has told the bbc that households have been cutting back on spending because of the cost of living crisis, and will go into their own recession this year. tony danker, the director general of the confederation of british industry, says the government needs to take action. meanwhile, the competition regulator has promised to look into government concerns that the 5p cut in fuel duty is not being passed on in full to customers. our political reporter peter saul has this report. is there a more visual manifestation of the cost of living crisis than this? eye watering forecourt prices up and down the country. ....
demand action on gun reform. in a moment, i will talk to maria, whose organization, votes for latino, or to organized a rally. major new developments in what maybe the country s most closely watched senate race. on both sides of the ballots, but details of that are coming up. and democracy in danger. a bombshell report, secret tapes that reveal the gop plans that could help them steal the next presidential election. all of, that s plus the trial that may have single-handedly and did the me too movement. the detaining impact of the johnny depp and amber heard trial and they have had on count ability when it comes to domestic abuse. that conversation is ahead. we want to begin this hour with that breaking news. we told you about last hour. one of the largest u.s. factories for baby formula is back up and running. abbott laboratories announcing today it has restarted specialty formula production at its michigan plants, which had been shuttered since february. nbc s steve p ....
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heading to south korea. his first trip to asia as president while pyongyang watches closely. and the taliban continues to roll back the rights of women in afghanistan. now forcing a choice between covering their faces or losing their on-air jobs. live from cnn center, this is cnn newsroom with john vause. a bill authorizing $40 billion in u.s. aid to ukraine is on its way to seoul, south korea, for president joe biden s signature. the aid package easily passed the u.s. senate on thursday but does not take effect until it is signed. another $100 million worth of artillery, radar and other e equipment headed to ukraine. and more than 1,000 cars have been blocked at a russian checkpoint for four days. the convoy is trying to reach ukrainian-held territory. with reports many making that journey are running low on food and water. in mariupol, more than 1,700 ukrainian troops have surrendered at the steel factory. cnn cannot verify that report, but an unknown number o ....
victory. live from cnn center, this is cnn newsroom with john vause. a dismal day for wall street as the roller coaster ride on the u.s. stock market continues. the dow tumbled more than 700 points in its worst trading day since june of 2020. nasdaq lost nearly 4.8%. [ applause ] the sell-off began after target reported a 52% drop in profit for the first quarter, a day after walmart stock posted its worst day since 1987. markets in asia are also in the red this hour. live for us this hour in hong kong following the latest. after this, what are the marketing like in asia? yeah. asian markets are feeling that downward pressure after u.s. stocks, they posted the worst single day decline in two years. investors apparently spooked by two things. they re spooked by inflation fears. and they re also being spooked by weak earnings. target is the latest big box retailer to inject fear into the market. it posted that stunning first quarter profit decline of about 52%. i ....