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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? >>...

domestic priority on the same day that gas prices hit a new record high. plus, a mixed night for trump-backed candidates in yesterday's primaries. with a win in west virginia, but a loss in nebraska. we'll discuss what this says about the former president's hold on the republican party. and the latest on the war in ukraine. u.s. officials say that vladimir putin is in it for the long haul. thinking he'll be able to wear down western support. we'll hear from the nation's top spy chief. ♪♪ good morning. welcome to "way too early" on this wednesday, may 11th. i'm jonathan lemi...

>> wow. americans heard and responded with a resounding ew. >> bizarre. >> president biden -- >> whew. >> on defense. over high consumer prices. >> there you go, inflation in the morning. >> he says inflation is a top domestic priority. and, again, takes aim at maga republicans. we're going to play for you his new comments and have the new inflation report when it crosses later this morning. plus, a mixed night for trump-backed candidates, with a win in west virginia, but a loss in nebraska. >> boy, that nebraska loss, statewide, it may show again, it may be easier for donald trump...

Prepared for a long conflict. this is just the early stages of this conflict, in my opinion. so what the ukrainians must do, as i mentioned, is to gain offensive strength, offensive weaponry and really plan to take back the territory that they have lost in this conflict in 2022 and then look to re-gain the territory they lost in 2014. but that will take a long effort, a long, hard effort. >> we're at the point where nato and the u.s. maybe needs to have a conversation with kyiv, with president volodymyr zelenskyy, maybe suggest that it is a pragmatic conversation, that it may be time to trim t...