negotiators their due. he is meeting with them in the oval office. this case down to the wire with a source familiar with the negotiations telling nbc news the deal was reached early this morning after 20 hours of talks. there was, quote, a basic handshake at 2:30 a.m. and approval by the teamsters board at 4:30 a.m. it couldn t come at a more critical juncture as the biden administration tries to tame red hot 40 year high inflation with the midterms now just 53 days away. for some context about what a strike would mean for our economy, our web of railways are responsible for shipping about 40% of goods from grain to cars long distance across the u.s. a strike would cost our economy $2 billion every single day leading to empty shelves and higher prices for a public already feeling a price pinch. and just the last 45 minutes, transportation secretary pete buttigieg addressed the news while speaking in detroit. my appreciation to all of the parties that stayed at the table an
it s backed off a bit, but if you look at the tech heavy nasdaq, it is off 4% and plunging. john: debbie dingle standing by with her thoughts on how this could affect her party s midterm chances. but first, to jacqui heinrich live on the north lawn this hour and rather ironic the president has a celebration of the economy this afternoon. how are they reacting to the cpi report? either the white house expected numbers a whole lot better than this or someone in the scheduling office had an unfortunate oversight and getting an earful. it is ironic they are hosting a bunch of democratic lawmakers here today to mark the signing, last month s signing of the inflation reduction act just as those new numbers come out showing inflation, core inflation shot up last month 6.3% in august, up from 5.9% in july. and that is a key metric that the fed watches very closely and these numbers are more than the 6.1% that economists predicted, the next set of rate hikes will likely be quite a
Following on the announcement of U.K. Prime Minister Rishi Sunak who called an early parliamentary election for July 4, Buckingham Palace said that all members of the Royal Family were canceling most public engagements until after the vote to avoid doing anything that might divert attention from the campaign.
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