Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed
And providing some help on the jobs front. Thats why i say, the evidence shows that this year the states that raised their minimum wages had better job growth than the states that didnt. But we wont hear that from our republican colleagues on the other side. So, again, forget about that job loss. Thats not going to take place. What will take place is that we will lift 7 million families out of poverty. 14 million children 14 million children in america will be in families that will get a raise. And that will be good for our kids. Now, again, we hear from the republicans also that that some of the people who are going to benefit from a raise in the minimum wage arent the poorest of the poor. Its not just people below the minimum wage but a lot of other people will make money and so, therefore, it must not be a good policymenpolicy. Well, first of all, i want to dispel the myth that raising the minimum wage doesnt effectively combat poverty, it does. Whether you use the c. B. O. s estima
Coronavirus cases confirmed and this pandemic has become the deadliest this planet has seen in more than a century. More than half a Million People now dead. President Trumps Health secretary is warning that the window is closing for the u. S. To get this pandemic under contr control. The top Infectious Disease specialist says its unlikely to achieve herd immunity without the vaccine. First we go to randi kaye in palm beach county, florida. Cases continuing to rise in florida after state officials declared victory there. Next step, closing beaches july 4th. Reporter absolutely. Palm beach county gym the beaches will be closed for the july 4th holiday weekend, not good news for folks enjoying the beach, enjoying the water. Of course the beaches are a big draw for many who come to florida and many who live here. Miamidade beach is closing for the july 4th whole day weekend and broward county. Officials dont want to see a spike on top of the pike. Broward county officials held a press con
Communications director stepping down. That raised some questions. You remember a month ago, a white house official johnny mcentire issued this threat. All of that is gone. Staffers here at the white house from what we can tell doing our reporting theyre ignoring those threats from mcentire and others. Theyre starting to head for the exit. I talked to a white house official today, listen, the atmosphere in this west wing and inside the white house is getting more toxic by the day and people are turning on each other and theyre trying to settle scores. Thats one reason why staffers are leaving because of this toxic environment and others are leaving because they are fed up with the president. There are staffers who are saying they are sick and tired of the president not conceding this race. This is tarnishing his legacy and also undermining democracy because it is undermining peoples faiths in u. S. Elections and the practical fact the matter that people need to find jobs. The president
Is about to set off on his seventh marathon in seven days, in support of former team mate rob burrow. Just completely blown away by the whole thing. The support has been unbelievable. Um, i just want to thank everybody. Its been wonderful. Good morning. A cold start to the day and a cold day generally, some dense fog, some which will be slow to left, some will not lift at all. Brighter skies likely to be part of the west. Details all coming up. Its monday the 7th of december. Our top story. Post brexit trade talks resume this morning in brussels, following a weekend of tense negotiations. The brexit transition period ends in just over three weeks time. Last night the irish Prime Minister put the chances of a deal at 50 50. Borisjohnson and the European Commission president ursula von der leyen will speak this evening, for the second time in a little over 48 hours, to assess whether a deal can be salvaged. Our Political Correspondent chris mason has the details. Last night in brussels,