politics. i m john king in washington. thank you for sharing your day with us today an abortion case with implications everywhere. a texas trump-appointed judge will determine if pregnancy pills should be pull ed off the shelf from coast to coast. plus more economic turbulence as american markets tumble on fears a global bank mugt go over the edge. and wrong, disturbed, the chamberlain approach. washington say the florida governor is way off target to suggest the united states should forget about ukraine. up first this hour, a texas classroom that may echo in w women s lives no matter where you live. the case, the alliance of hippocratic medicine versus is the fda. the plaintiffs are five out of state antiabortion groups. the argument that the fda put it ahead of science two decades ago ignoring evidence and safety rules when to go on the market. it s one of two drugs used to terminate pregnancies. it s as important or important than the specific legal arguments. today s h
turmoil. but also new data on inflation and the overall state of the u.s. economy. if not for the banking questions, we might be having a different conversation. we got some good news on the inflation front. it s wholesale inflation, that declined unexpectedly between january and teb. that s good news for consumers. year over year, the inflaj clocked in at 4.6%. that s eight straight months of cooling inflation. you can see it on that chart. that s mile was from the nearly 12% peak that we saw early last year. so that all is very encouraging. less encouraging is consumer spending cooled off in february. retail sales dropped, but as you can see on the chart, that s after a big spike in january. so now the question is what does the federal reserve do about this situation? in just a week, they have to decide whether or not to raise interest rates.
M&T bank has taken over People’s United Bank and the final transition is set to happen over the long weekend. So, how does the changeover impact the thousands.