11:00 a.m. eastern, 8:00 a.m. pacific, i m jose diaz-balart. right now in new york city, former president donald trump inside the courtroom at closing arguments in his $250 million civil fraud trial. just hours after police responded to a bomb threat at the judge s home. meanwhile, on the campaign trail, nikki haley and ron desantis traded insults during last night s gop debate in the battle for second place. you re invisible in new hampshire. you re invisible in south carolina. you re in fifth place. she s got this problem with ballistic podiatry, shooting herself in the foot every other day. this as chris christie is caught on a hot mic talking about haley and desantis right before he dropped out of the race. and in california, presidential son hunter biden is due to face tax charges in court this afternoon, a day after his surprise appearance on capitol hill. and we begin with breaking news from new york city, where cloing arguments are under way in former presiden
At an annual rate of 3. 4 in april, down from 3. 5 in march. It doesnt sound much of a drop, but it was the first time this year that inflation has fallen as expected, suggesting the fed could finally be winning the battle against soaring prices. Heres erin delmore in new york. A banner day on wall street with all three major indexes closing at record highs. Thats right the dow, the s p 500 and the nasdaq all hit their highest levels ever. The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly in april than wed seen in the first three months of the year. Fed Chairjerome Powell had said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the Interest Rates will be cut sooner rather than later. Now more investors expect the fed to make its first rate
policymakers like those at the federal reserve are keeping a close eye on how things are developing over the more medium term before they really think about cutting interest rates at some point. in the case of this morning s data, we saw a hotter than expected increase in consumer prices which did drive the year-over-year consumer price numbers. if you strip out food and energy, that so-called core level rose .3% as well. was in line with estimates and brought the year-over-year core reading to 3.9%. what you see right there are the real affects. we see big moves in terms of egg prices, other things. gasoline prices still down around at least a level where it is palatable. a big driver was in housing. shelter costs gained a half a
To enhance its commitment to keeping its constituents well-informed, the Niagara Falls City School District Board of Education will be providing summaries of its bi-weekly board meetings. Here are the
Anthropocene Working Group Nominates Crawford Lake as GSSP Candidate Site miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.