Good evening. We begin tonight with your money inflated costs of falling stock market and

concern about recession. If you have a 401k you've likely seen it drop. The Dow industrials

just capped their eighth straight losing week the worst since 1923. Here's what all three major

indices look like for the year down anywhere from 15 to near 30%. On top of that the price of gasoline

is hitting record highs just in time for travel season. Inflation overall is higher than it's been

for decades. There are chip shortages supplied chain bottlenecks and baby formulas hard to find.

There is positive money news. The economy added when the 400,000 jobs last month and unemployment

rate is now at pre-COVID levels. But let's try to figure out where we are at right now. We begin with

seeing a cheap business correspondent Christine Romand. It seems like there's nothing but storm

clouds on Wall Street. There's so much going on and so much chaos really. I mean I keep saying that

there are so many cross-currence in the global economy. Any one of them would be to stabilizing.

There's a half a dozen. You talked about the higher prices. You talked about the chip shortage,

COVID lockdowns in China. War in Ukraine. War in Ukraine. And that's going to be a really big deal

for some time. That's going to mean energy prices. We're going to redraw the global energy map.

That's going to take some time. For investors, if you're looking at your 401k, you know this.

Eight weeks in a row, the longest losing streak for the Dow since the 20s. That's not great.

Nasdaq stocks just hammered. You look at Apple meta. Some of these widely held stocks. They are

down. The big eight tech stocks are about half of the stock markets. What started the downturn in

all the tech stocks? Well, you know, they are really susceptible to higher interest rates. You know,

they are a high growth stock. They're susceptible to higher interest rates. And the Fed is raising

interest rates. And it's going to have to raise interest rates aggressively to fight inflation. And

that leaves those tech stocks vulnerable. Also, they had had a great couple of years. So you're taking

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