Out front next, major warning signs. America's largest retailer says they're about to raise

prices. The Fed chair warning about shocks to America's supply chain. And Americans are pulling back

big time on spending because of Trump's tariffs. Plus, is Trump covering for Putin? The president

offering up an excuse for Russia after Putin skips out

on the most crucial peace talks yet. And tonight is CNN investigation. Attorneys general from

across the country treated a luxurious trips, including stays at five-star hotels, all paid in

part by some of the companies they are regulating. Let's go out front. Good evening. I'm Erin Burnett and out front tonight.

Prices are going up. America's largest retailer Walmart warning today that it will have to hike prices because of Trump's tariffs.

Here's the CEO of Walmart.

We will do our best to keep our prices as low as possible.

But given the magnitude of the tariffs, even at the reduced levels announced this week,

we aren't able to absorb all the pressure given the reality of narrow retail margins.

So who then will be absorbing some of these costs?

Well, Main Street America.

Everybody who shops at Walmart, and that is almost everyone. Walmart is the biggest retailer and the biggest private sector employer in the United States. Now, according to Capital One, they did all this research on Walmart. It's fascinating. They say 95% of American shop at Walmart, regular Walmart shoppers visit an average of 67 times a year. And people who shop at Walmart spend 13.5% of their shopping dollars at Walmart. The average Walmart shopper, a woman

with a household income between $40,000 and $80,000. So Walmart raising prices is not a small

business. It is American business, as Americans know it. And Walmart raising

prices exposes the black and white reality that Trump's campaign promise was false.

We're going to be a tariff nation. It's not going to be a cost to you. It's going to be a cost to

another country. Only it is costing you. And today's news from Walmart comes just days after Trump

essentially declared victory in his unprecedented trade war with China. Victory, even though at this

point, there have been no details on any kind of a deal. One Wall Street firm writing that the

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