st (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. hello and welcome to our viewers in the united states and around the world. i'm john vause. stock markets in asia lower following a big fall on wall street. fears of record high inflation. standstill, russia's eastern offensive appears to have stall. ukrainian forces may soon have a upper hand and may try to take all territory ok pied by russia. still too early to call in the pennsylvania republican senate primary, but not too early for donald trump to urge his candidate to declare

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? >> yeah. asian markets are feeling that downward pressure after u.s. stocks, they posted the worst single day decline in two years. investors apparently spooked by two things. they're spooked by inflation fears. and they're also being spooked by weak earnings. target is the latest big box retailer to inject fear into the market. it posted that stunning first quarter profit decline of about 52%. it blamed a number of factors including inflation, which is holding consumers back from buying non-essential items. it is also blaming the global supply chain disruption. we heard from the u.s. treasury secretary on wednesday saying china's zero covid strategy and

the ongoing lockdowns in china are apparently impeding the global supply chain. let's look at what the asian trading day looks like right now and you should see a number of red arrows across the board. the nikkei down. the composite down just a tenth of one percent. the hang seng losing more than 2%. an idea of wall street will look like when it opens up in a few hours from now. the s&p set to gain two tenths of 1%. dow futures to gain about two tenths of one percent. markets have been hammered after the u.s. federal reserve signalled that they would regularly hike interest rates by half a percentage points in a bid to tame inflation which has been at its highest level since the '80s.

others predicting that the fed will tighten more aggressively and heighten interest rates by three-quarters of a percent in june and in july. i want to bring up a statement for you. he says, quote, we recognize that fed speak has not outright endorsed a 75 basis point hike yet. but in this high inflation regime, we believe the nature of fed guided has changed. the chief economist says the fed will hike interest rates up to 5%. when that happens it will be the highest level since 2006. back to you, john. >> thank you with the update from hong kong. appreciate that. ♪ vladimir putin's three day war is now into day 85, and it appears to go from bad to worse. momentum is shifting in favor of

ukraine. for the next few weeks, nato is expecting a standstill, neither side making major gains. but some significant progress with another settlement back under ukrainian control while russian forces continue to be pushed back. just eight miles from the russian border, this video shows a russian tank on fire hit by ukrainian fighters. ukraine has destroyed a number of bridges to slow russian advance. russia says a thousand fighters have surrendered at a steel plant in mariupol. ukraine has been negotiating in hopes of prisoner exchange. >> odessa has become under increasing air strikes. one was once popular with russian tourists. cnn went to the hotel. >> the hotel means a big shell.

most of the guests came here because it's 30 meters from the beach. >> we're right on the beautiful black sea. >> let's go. i'll show you what happened after the missile strike. his security cameras caught the missile strike as it happened. this is the first time it's been seen by the public. this is at full speed. then we slowed it down. you can see the missile low and straight from the direction of the black sea, but russia has been launching its attacks on odessa. so there was a direct attack from a missile right into your hotel and no one was hurt or died. >> thank god no one was injured here because normally in this place there are always children and parents. his once pristine seaside hotel used to be a favorite of russian tourists and politicians. they spent good money here in the years before the war. he doesn't want to admit it, but he himself was once a member of

the pro-russian party here. >> this is destroyed. you blame the russian soldiers and putin. what did you think of russians before this? >> since 2014 i felt they were bastards, but i didn't want to believe in that. 2014 was the year russia invaded and annexed crimea. 2022 the rest of ukraine came under attack. >> why do you think the russians hit this hotel? >> i can't explain this. there were no military, no mercenaries, no terrorists, no ukrainian nazis. there was no like that here. >> will russians ever be allowed to come back here and stay at this seaside resort? >> i only allow them to come back if they are taken prisoner and forced to rebuild. >> cnn military analyst is a

retired u.s. army two star general and author. he joins us from indianapolis. general, thank you for being with us. >> hello, john. thank you for having me. >> now, the assessment from nato is that this war in ukraine is going nowhere. cnn is reporting the current nato discussion is that the momentum shifted significantly in favor of ukraine and debate within nato circles is on whether it is possible for kyiv to re-take crimea and the donbas territories. is that necessarily the smartest decision at this point? could they risk losing all they have won so far? >> well, in war momentum often ebbs and flows and shifts. at this point, ukraine has momentum. so oftentimes in war, it's best to continue with that momentum

that offense momentum as much as you can. but ukraine must be careful. it must be careful with offensive overreach which could result in at least a near term offensive culmination. they have rocked and pushed the russians on their heels. but the russians are consolidated in places like crimea and in eastern ukraine. so ukraine must be careful on that. so if i were to recommend anything from ukraine at this point it would be to consolidate what they have, gain strength, gain offensive weaponry such as the mig 29 jets and/or more tanks to help them to continue the next phase. but if ukraine is not careful, they will have an overreach and end up being offensively culminated because they are not ready to be able to take the

crimea and other territory that the russians took in 2014. >> so russians watching state tv on monday may have been surprised to learn the war in ukraine is not going to well. now retired but once very senior russian military official. here it is. >> i must say let's not drink information tranquilizers because sometimes information is spread about hearing more psychological breakdown of ukraine's armed forces. if they are nearing a crisis of moral or a fracture, none of this is close to reality. >> this goes in part to a nato assessment on the ukrainian side. again, one of the risks here in reaching for the gold ring of turtle victory is over confidence by ukraine, which does not guarantee ongoing success. >> no. in fact, early success ks be very helpful. but ukraine and russia must be

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 those war aids, lock in those wins instead of taking this bigger gambit and trying to push russia out of all of ukraine. regardless of whether putin is

pushed out or stays, he will continue to fight on. >> that's true. but the ukrainians have the will to fight. they want to regain their territory. that's like someone -- some outside country telling the united states, it's okay that you have lost the eastern united states. just be satisfied with what you have. i don't think ukrainians will ever be satisfied that the russians have taken their territory. so they will be -- they will want to move to gain back that territory either militarily or diplomatically, but they will want to get back that territory. >> sir, thank you for being with us. >> thank you, john. the leaders of finland and sweden be meet with u.s. president joe biden on thursday, a day after both countries submitted their paperwork to join nato. the white house says this is a corner ship moment. turkey has been opposed to both countries joining the alliance and accused both countries of

harboring kurdish separatists. president biden says he's optimistic that turkey's problems can be resolved. >> both the leader of finland and sweden are coming to see me on thursday. i think we will be okay. >> you can convince turkey to press their bid? >> i'm not going to turkey, but i think we're going to be okay. still too close to call in the race for the republican nomination for a senate seat in pennsylvania. it could be days before a winner is own. dr. oz has a razor thin lead over a former hedge fund leader dave mccormick. but donald trump urging him not to wait for the official results. just go out and declare victory anyway. >> over time in pennsylvania, dave mccormick --

>> we're going to win this campaign. >> reporter: and dr. oz. >> when all the votes are tallied, i am confident we will win. >> reporter: locked in an extraordinarily tight battle with a razor thin margin from a vote of 1.3 million votes cast. both say they see a path to victory with mccormick still relying on mail-in votes. election workers scrambled to sort through 22,000 mail-in ballots printed with an incorrect code that could not be ska scanned. >> this campaign has always been about you. >> kathy burnett fell short, but her imprint on the race was clearly a factor in the bitter dual. after the counting, the race could head to a recount if the margin is one-half of a percent

or less. >> by next tuesday, we will have a good sense of whether or not there will be an automatic recount. >> donald trul weighed in today saying dr. oz should declare victory. the winning republican will face john fedderman. >> john is going to be back on his feet in no time. the stage is set for a ruckus general election in pennsylvania with doug m. winning, campaigning on a platform of lies about the 2020 election. >> there is this move here that will shock the state here on november 8th. >> reporter: trump picked a winner in him who many republicans believe is too extreme to win in november. he will face the attorney general josh shapiro. in pennsylvania it is the governor that elects the

official. >> and as election day turns into election week, the margin between the oz campaign grew even smaller. the reality is both campaign advisers say they are bracing for a recount likely next tuesday. what that is is just an automatic re-tally of the results. not counting every ballot, just simply running the tapes. the count going into the recount is the most critical. this race is likely to be won by hundreds and no more. jeff zeleny, cnn pennsylvania. still to come, trying to regain control of their lives and future as 20 years of progress and women's rights is rubbed out. new dove shower cn is infused w with hyaluronic and peptide serums to make your skin feel smoother and more radiant. new dove body love. face care ingredients now in the shower. >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks.

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it's this. afghanistan is the only country in the world where girls are prevented by the government from receiving a secondary government despite a promise by the taliban to the contrary. some girls are finding ways to assert their independence despite the risk. >> reporter: wednesday morning in kabul, and we're going to girls school through these plastic curtains and prying eyes. yes, this fashion studio has become an alternate education facility since the taliban stopped girls from attending government high schools. 17-year-old wanted to be a doctor. now she's learning to be a dress maker. we're feeling very bad, she tells us. girls are not able to go to school. staying home, doing nothing. we hope this will change our life so we can be self-sufficient, learn, earn money to support ourselves and our families.

neta wanted to be a professal soccer player. you're 17. did you ever imagine that this would happen to you? that you would be prevented from going to school? >> no, never. we tried our best for our future, but it is a dark one now because we're kept away from our schools. she started this fashion business with her sisters four years ago. today she's running the resistance. when the taliban slammed the door in their faces, she opened hers up to high school girls, aiming them to be sufficiently trained and support themselves within 6 to 12 months. she does this for 120 girls and women across three locations. >> you are helping them but they all want to be doctors or an athlete or professionals. they want to go on to university. how do you feel about them having to be embroiders or dress

makers? >> this is very upsetting. when someone is following their own dreams, it is good. it is different when they're forced into something else. it is a bad feeling because most of these girls wanted to go to university, become a doctor, a teacher, an engineer. it is very difficult for them, and i know they can't do any other work. so at least they can learn the dress making profession for their future. the powerful leader told me the girls public high schools would open again soon and that of course women have the right to work within the islamic frame work. but 26 years ago, i had the same conversations about the same issues when the taliban was first in charge. >> a lot of people want to know what you are going to do about the women issue. what about women's education, girls education, women working, widows who have no other way to support themselves? >> i know that especially in western news media, it is propaganda that we are against

women education, which is not right. it is not correct. >> but the girls can't go to cool. we have been to schools here that are all closed. >> we have just told them that for the time being they should not come to office or school so until the time that we can come up with some sort of solution. >> even the youngest understand that something is not right. this ten-year-old complains she has to stay home all day. >> we just do housework, cleaning, baking bread and sweeping the floors. >> i need to work because i got an education in this country. i want to express myself for a society. >> brave then. brave now. only now after more than two decades of progress with their wives, their daughters and their family incomes, so many more afghan men support them.

he tells us not even 1% of afghan people are against working. we don't want our people to grow up as if in a jungle. we want culture, knowledge. we need food and work. back at the design studio, these classes are not only open to high school students but to older women who are suddenly out of work, like this 30-year-old who is a teacher. we feel suffocated, she says. why can't we in our own country, our own place, live freely, move freely? wherever we go, whatever work we do, they put barriers in our way. we can't reach our goals. we're always afraid whether the previous government or the regime. she comes here to retrain and like many and the mothers and wives to have some kind of social live. when i'm really upset, she tells me, my husband says i should

come here so at least i can meet others. my husband is so kind. we are all sisters here. christian amanpour. >> one down. more than 12,000 to go. up next, russian soldier pleads guilty to the first war crimes trial in ukraine.

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powering possibilities.™ another report. another alarm on the climate crisis. the world meet logic organization says the last seven years were the earth's warmest on record, being pushed to new heights. sea levels rose twice as fast in the '90s until the end of 2021, a decade earlier. a u.s. climate assessment says the world must cut greenhouse gas emissions or face

catastrophic changes. it is time to act. >> time is running out. the climate crisis, the world must act in this decade. the good news is that the lifeline is right in front of us. >> and there is startling new analysis saying the climate change is making the odds of a record breaking heat wave in india and pakistan 100 times more likely. those countries are already dealing with extreme heat, it forced schools to close, damaged crops, put pressure on energy supplies. they saw the temperature climb to nearly 124 degrees fahrenheit, 51 degrees celsius. this report from ccnn.

>> reporter: mobile homes and mansions on fire in southern california. flames also turning homes to ash in new mexico. 11 large wild fires are currently burning across the u.s. so far more than 1.3 million acres have burned. that's more than double the same period last year. >> we have never had a fire this big. >> reporter: new mexico has been in the bull's eye of a megadraught. the largest in the u.s. and bigger than new york city. wind gusts as high as 70 miles an hour have been fuelling it. new mexico recently issued an unprecedented order, mandating farmers in some areas stop irrigating their crops, quote, in the interest of public safety to make water resources available for wild fire activity.

michael is a third generation farmer near las vegas, new mexico. >> it's completely open. there is no water. as you can see. right now we have it completely and there is no water coming out. >> reporter: all of his irrigation lines are dry. the wild fire is miles away from his 600 achre farm and yet it will wide out all of his crops. >> reporter: have you thought about what that means to your bottom line? >> it's nonexist tent. at that point we have no revenue from this farm. >> reporter: the water stopped flowing to this farm four days ago. now it is down to a puddle. you still see the water line from where the water used to be. this was the canal before the state stopped water flow to this property. >> you have no idea how long you will have to forego using your water? could be months. >> it could be years. >> reporter: new mexico's early

more intense fire season is sparking fear that extended fire fighting activity could deplete the areas dwindling water supply. >> it is actually in the forefront of my mind, you know, that another catastrophe could be taxing on our water supply. >> reporter: climate change has increased wild fire risk. in a new report maxed areas with the greatest risk and how that is projected to increase over the next 30 years. 80 million properties are at risk with 10 million facing moderate to extreme risk. data projecting this will become the norm and more farmers will be forced to make the ultimate sacrifice, relinquishing water rights to save the life of those in the line of fire. cnn new mexico. and with that, we'll take a short break. you are watching cnn. back with a lot more news after this. trified.

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the first war crimes trial in ukraine enters the sentencing stage in a kyiv courtroom in the coming hours when a russian tank commander takes the stand. the 21-year-old pleaded guilty to shooting dead an unarmed civ civilian, and he is facing a life sentence. reporting in from kyiv. >> reporter: ukrainian and russian prisoners of war now facing a reckoning. in a kyiv courtroom too small for the 150 journalists who turned up, the first russian soldier to be charged with a war crime pleaded guilty. led away after the hearing was suspended until a larger courtroom can be found. the 21-year-old is accused of killing an unarmed civilian

prosecutors say after he and several others escaped an attack on their convoy in a stolen war. one of those russian soldiers in that day now expected to testify on thursday. >> he was in the war. he saw the moment of the shot. he saw him fire. he saw how the bullet hit the victim and how the vuk tim fell after that. that is, he was a district witness to the crime. >> over in russian-held territory, meanwhile, the latest pictures released by the russian ministry of defense showed some of those ukrainian soldiers evacuated from the steel plant in mariupol. looking gaunt and dejected, they are now also prisoners of war. >> qualified medical help is being provided to all the wounded. norms of humanitarian law are basic for us.

>> but will they be handed over as part of the prisoner swap that ukraine had been hoping for? >> i want to emphasize ukraine needs them alive. to bring the boys home, the work continues. this work needs delicacy and time. >> for now, though, they remain in the break-away people's republic. its leaders suggesting on wednesday that the fighters might now be put on trial. comments mirrored by the speaker of russia's lower house of parliament. >> nazi criminals should not be exchanged. >> the russian side now claiming that the commanders are not amongst the evacuees. even as the fate of the surrendered soldiers takes a far muckier turn. melissa bell, cnn, kyiv. >> the head of the civil

liberties in ukraine and she joins us live from kyiv. thank you for being with us. it is rare that war crimes trials are held while a conflict of going. but i want you to listen to part of the prosecutor's case ft here it is. >> there is the civilian who witnessed that vehicle immediately after the shot was taken. >> and that's just part of the evidence which is being collected. how have been investigators been able to gather and document so much credible evidence and build a case so quickly given that the country is a civil war zone? >> well, when they speak about documentation of war crimes on the ground, now we have this ability to work in bucha and kyiv region, in the liberated areas and to speak with locals to collect evidence, and it's much more easier and provides

work distantly for in the area where russian troops still are present. >> there is more than 11,000, 12,000 war crime investigations right now. that includes cnn ukraine. have a listen. >> this is a stark example of a potential war crime perpetrated by russian forces. >> when used in this fashion against civilians, it is considered a war crime. >> human rights and war crimes experts say vladimir putin is likely aware of what this military unit is accused of. >> 11,000 is clearly just the beginning. do you have any idea how many will actually get to trial? >> it's a good question because 11,000 criminal in war it is enormous number, which is not -- we just couldn't cope in

institution in a peaceful time. that's why we as ukrainian defenders state that ukrainian national system has international support. we have to find a way how to implement international element into the level of national investigation and national justice. >> we also have human rights watch which carried out investigations looking at two regions and accusing russian troops of torture and other abuses. listen to this. >> well, the ways they were exercising control was by rounding up civilians, by detaining them in unsanitary conditions by, you know, executing. there were occasions when people have been shot at very close range. >> if we look at all the evidence which is being gathered so far, there does seem to be a trend like that, a pattern which is taking place which suggests

this isn't just random acts by angry soldiers. this is systemic in many parts of the russian army. is that a fair statement? >> we see that russian army organized terror in the occupied territories of kyiv for several weeks when they were here. and in the frame of the terror is systemic practice, killing civilian, illegal arrest of civilian and sexual violence against civilian. this was organized with military. they want to stop the resistance of locals and to save control of the region. >> also from that report, it highlights a level of cruelty and the lack of humanity. the report found that soldiers would not allow a 60-year-old man with cancer to go home. they said he could hang himself to alleviate the pain.

it does say a lot about the mind set of many of those russian soldiers, doesn't it? >> yes. in this report, there is a lot of such kind of basis. and we see even more on the ground because human rights watch report it is only a part of the horror which was procured in this territory. and another example when russian soldiers killed 40 years old boy when he played with a ball in a garden. so there is no reason to kill a child who played with a ball, but they did it because they can. >> yeah. because they can. thank you for being with us. we appreciate it. well, the u.s. has promised another $215 million in emergency food assistance to ukraine. it says more international aid is urgently needed to handle a global food crisis. here is the secretary of state

who made the announcement on wednesday's meeting. blinken says aid should keep them afloat. >> the cost of doing business for vital organizations like the world program, food program, the food and agricultural organization, unicef and others, the cost of doing business is going up, we have to help them continue to do that business. >> threatens to worsen chronic food shortages around the world. russia is accused of stealing and trying to sell tons of grain. >> police now have a plan to end independence on russian oil. the price tag of more tan $220 billion. the goal is to reduce imports of russian gas by two-thirds before the end of the year. cut entirely by 2027. the eu agreed to end russian

coal imports. the union has learned its lesson on the war in ukraine. >> putin's war is as we all see heavily disrupting the global energy market. it shows on one hand how dependent we are on imported fossil fuels. but it also shows how vulnerable we are on relying on russia for importing our fossil fuels. >> under this eu plan, they intend to find new suppliers and switch to renewable energy sources as a substitute for russian gas. a beacon of hope for a nation at war and now winners. a triumphant return home when we come back. raise the jar to all five layers. raise the jar to the best t gelato... you've evever tasted. talenti. raise the j jar.

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orchestra returned to a hero's welcome after winning this year's song contest. this is a much needed morale booster for sure, but it's also a chance to use music to help heal the wounds of war-torn country. we must warn you, some of the images in this report are graphic. ♪ >> reporter: ukraine's kalush orchestra returning to a hero's welcome as winners of this year's prized eurovision song competition. the folk rap group greeted at the ukrainian border by servicemen and women bursting with pride. ♪ frontman oleg zuk and his band launch into an impromptu version of their winning song, "stefania." saturday, the musicians won the annual song contest in the italian city of turin, beating out their main rivals, the uk and spain, riding a wave of

popular support by voting viewers who skyrocketed them to the top. ♪ "stefania," initially written as a tribute to the band leader's mother, turned into a rallying cry and tribute to the nation as ukraine battled against the invasion of its neighbor, russia. when i met them here in lviv, it took little prodding for them to launch into a jam session of their popular song. but kalush is keenly aware of the impact of the band's victory and what's at stake. what does this moment mean? this is so much more than a musical competition. >> translator: we decided to take part in it because there are attempts to destroy and kill our culture, and we took part in it to show that our culture is alive. it does exist, and it's very beautiful. >> reporter: the group was given special permission by the government to leave ukraine to perform. and despite competition rules

forbidding overt political statements, the band was praised by many ukrainians for calling for the liberation of ukrainians and mariupol and inside the steel plant of azovstal besieged by the russians. soldiers sheltering in the steel plant belted out the lyrics as shelling could be heard from above. ♪ residents of kalush, the hometown of the band, gushed. >> translator: with all my soul, all my love, i love my kalush. >> and volodymyr zelenskyy promised to bring the singing contest to ukraine next year. and now they're planning to tour europe to fund raise for the ukrainian soldiers and charitable foundations for ukraine. >> translator: people say ukraine is my mother and take it that way. that's why this song is now even

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hello and welcome to our viewers joining us here in the united states and all around the world. you are watching "cnn newsroom," and i'm rosemary church. just ahead, pennsylvania cliff-hanger. with thousands of votes still to be counted, the republican primary for a critical u.s. senate seat remains too close to call. but former president donald trump is