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possible. >> laura: to make a bad situation worse, we may be facing a shortage of truckers soon. the owners are facing a crisis due to the sky rocketing cost of diesel fuel. and food prices? bloomberg headlines caught my eye. chicken wings for $34. consumer prices of food were up 9.4% in april compared to last april. it's the biggest gain since 1981. it's time to ask this question: both a global and national level, is the economic chaos unfolding before our eyes the result of incompetence or careful planning? ted cruz believes this is all purposesful. >> joe biden believes in gas is ...

soon. the owners are facing a crisis due to the sky rocketing cost of diesel fuel. and food prices? bloomberg headlines caught my eye. chicken wings for $34. consumer prices of food were up 9.4% in april compared to last april. it's the biggest gain since 1981. it's time to ask this question: both a global and national level, is the economic chaos unfolding before our eyes the result of incompetence or careful planning? ted cruz believes this is all purposeful. >> joe biden believes in gas is $6 or $10 a gallon, if he imposes enough pain that eventually everyone will have this epipha...

capitol hill as well. they passed $28 million in emergency funding to boost formula supply. that's on the way to the senate. other lawmakers are pitching solutions as well. you think we need a strategic formula reserve, right? they are moving now but this problem has been bubbling for months on a contamination issue shutting down a key plan for formula back in february. robert califf testified this morning that he hopes the plant will be back online in two weeks. practically speaking relief is still weeks or months away giving these comments from the surgeon general earlier today. >>...

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 lawmak...

safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree....