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TOKYO -- Some of Japan's biggest companies received a roughly 390 billion yen ($2.67 billion) lift to operating profit in the April-June quarter from a weak…
On the shelves. for so many families this will not be soon enough. this morning parents desperately searching for the vital food their babies' need. parents across the country are facing a crisis with no end in sight. the national out of stock average for popular baby formulas jumped to 40% last month. many major retailers put limits on how much baby formula you can buy at a time. >> it's a bone deep anxiety of is my child going to get what they need? the shortage comes after abbott issued a massive voluntary recall in february, following four complaints of bacterial infection linked to baby f...
Private sellers marketing cans for sometimes double or triple the price. joining me is nbc news business and tech correspondent jolene kent. jo, what's the latest with this abbott plant and whether it will reopen soon? >> it's all about the big if here. if the fda approves reopening that plant. every singling day is time lost on the clock, especially for vulnerable children, especially those suffering from metabolic disorders who rely on this formula. every single day counts. parents desperately searching for the vital food their babies need. with soaring inflation and ongoing supply chain del...
but overall that idea that the fed thinks that there are still significant downside risks, kyra, that has people unnerved. stocks are down. oil is down big. gold is down, as well. so, you're seeing a real movement out of some of these commodities and stocks today on this idea that the economy is not out of the woods yet, kyra? >> we'll look for the numbers in 28 1/2 minutes, thanks so much. the threat of a new government shutdown an intense round of voting rejected a spending bill and the move surprised even the republican leaders. kate baldwin joining us now from capitol hill. so,...