Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
Good evening, i am norah odonnell. And thank you for being with us. We want to begin with the news and analysis of that historic decision from the Supreme Court. The justices ruling that states cannot bar donald trump from running for another term. Even though he is accused by some of insurrection. Colorado and several other states were seeking to disqualified trauma because of his action surrounding the january 6th attack on the u. S. Capitol. Now todays decision was unanimous. All nine justices agreed that trump cannot be barred from the ballot. And perhaps the most important ruling about a presdential election of more than two decades since the decision of Bush Versus Gore in 2000. This is the key paragraph of the ruling. States may disqualified persons attempting to hold state office, but states have no power under the constitution with respect to federal offices, especially the presidency. Now the courts three liberal members say the courts majority went too far. Justices sonya so
Erin burnett out front starts right now. The Michigan Supreme Court handing donald trump a win, keeping him on the ballot in that state. Thats not stopping challenges in other states. I will speak with someone at the center of it all. Bidens border problem. The president s top diplomat wrapping up his meeting with mexicos president. Will it change anything at the border . Before and after Satellite Images of a russian warship ukraine says it destroyed. Lets go out front. Im erica hill in for erin burnett. Donald trump with a win in michigan where the state Supreme Court rejected a bid to remove him from the Primary Ballot. Trump quick to hail that on social media today. The fight is really just beginning. Michigan is the fourth state to reject efforts to keep trump off the Primary Ballot. Similar efforts continue in a number of other states. A ruling in maine is expected any day now. Trump is actually now demanding that maines democratic Secretary Of State, who would decide that ballot
now. thanks, chris. and thanks to you at home for joining us this hour. we start with breaking news out of the new york times. special counsel jack smith has interviewed donald trump s son-in-law and former top white house aide jared kushner. the times reports in an interview last month the special counsel focused on whether trump had privately acknowledged that he had lost the 2020 election. in other words, when trump claimed the election was rigged, did he know he was lying? did trump have corrupt intent when he allegedly tried to subvert the election? also today jack smith s senior assistant special counsel, a lawyer named tom wyndham, was spotted leaving the d.c. federal courthouse for a second time this week. mr. wyndham is one of the top prosecutors working on special counsel january 6th s probe, a role he played before jack smith was appointed special council. and this afternoon he was back in court indicating the grand jury is meeting. so with all these new deta