the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down, i re
not stopping until the job is done. chuck schumer vowing the senate will soon get the debt bill onto president biden s desk putting a pause on the debt ceiling and preventing economic calamity. but that s not all. we ll break down some of the bill s impacts on your bottom line. trump caught on tape again. a cnn exclusive. federal prosecutors have an audio recording of the former president speaking about keeping a classified document. the report could undercut his defense in the ongoing case. the 2024 gop front-runner is expected to speak to reporters from the campaign trail during the next hour. and a death zone rescue at the top of the world. a sherpa drags someone to safety. we are following these major stories and many more all coming in right here to cnn news central. the big question today, how fast can they move? right now the senate is taking up the debt ceiling bill just passed by the house. remember, there are only four days to avert a catastrophic government d
in comparison, paramount plus total subscribers stand at 63 million and warner bros discovery at 95 million. could it take on those giants? joining me now is alice enders, head of research at enders analysis. good to have you with us. talk to me about what you make a first of all about what you make a first of all about these early stage talks. we always talk and expected it would be consolidation, is that what this looks like? it consolidation, is that what this looks like? looks like? it is what it looks like. on the looks like? it is what it looks like. on the other looks like? it is what it looks like. on the other hand, - looks like? it is what it looks like. on the other hand, at l looks like? it is what it looks i like. on the other hand, at this time, we don t know whether this is going to be a merger of two companies or whether it is going to be paramount taking over warner. and in either case, i think there would most likely be a regulatory dimension. you know,
i m christine romans. cnn this morning starts right now. good morning, everyone. it is wednesday. kaitlan is back. that makes me very happy. we re back. and so much going on today. and what s going to come. let s hope a deal. yeah. let s get started. i do sense a skeptic? i believe it. let s get to the five things we need to know for this wednesday, may 24th. ron desantis set to announce his 2024 white house run today. there is nothing conventional about this. he s going to make the announcement on twitter with elon musk. the once favored platform for his rival donald trump before he got banned. and speaking of the former president, he now has a court date in the stormy daniels hush money probe here in new york. he ll stand trial in march of 2024, right in the middle of the campaign for the auto term. and a super typhoon is lashing the american territory of guam right now. it is expected to bring a triple threat of heavy rains, hurricane-force winds and life
we re going to bring you those comments as soon as it begins. today at the white house, another high stakes showdown over the debt ceiling to avoid a default with major economic consequences, the latest of where negotiations stand. russia is declaring victory in the longest and bloodiest fight in ukraine. is this a turning point of the invasion? in idaho, next hour the suspect in the killing of four college students will make a court appearance. we ll bring you a preview of what to expect. and making history. a flight carrying paying customers to the international space station is due to dock anytime now with the first woman ever commanding a private space flight. hello from outer space, it feels amazing to be viewing earth from this capsule. and we begin this morning with what could be a critical day for efforts to raise the nation s debt limit and avoid a potential economic catastrophe. president biden and house speaker kevin mccarthy will hold a one on one meet