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
Breaking bread and bolstering military ties. Vladimir putin makes a promise to his special guest, kim jongun. At the u. S. Warps Ns A Pay Is W pei a price. The battle is on but not all House Republicans want to fight it. When House Speaker Kevin Mccarthy is saying about the growing divide over his attempt to impeach. Plus, from crab walk to perp walk. An escaped murder captured in pennsylvania. Were following all of those stories and much more here on Cnn News Central. Today north korean dictator kim jongun pledged his full support for the ongoing invasion of ukraine. Comes as ukraine officials are sounding the alarm about an actively advancing arms deal between the two nations. Ahead of their summit putin gave kim a tour of russians far east. Russia said they would help develop their space and Satellite Program and while kim was there they launched two Ballistic Missiles off the eastern coast of the korean peninsula. It did not look like a coincidence. Cnns will ripley joins me from t
Good morning. It is sunday, april 7 with the president ial race in full swing between the two nominees. Both campaigns are focusing on raising as much money as they can. A couple of weeks ago, joe biden was joined by barack obama and bill clinton to headline a star studded Campaign Fundraiser at Radio City Music Hall in New York City. And brought in a Record Setting 26 million, the most money ever raised for a single political event until apparently last night. Just 11 days after setting the record. Donald trump needed to smash it. And the fundraiser in florida last night, that they took in more than 50 million. And that they are a study in contract. And that it featured musical performances from lizzo and it featured a conversation. And the low end, what as high as 500,000, which included access to the exclusive gathering. And that it is sold out at more than 5,000 people to sell out. Donald trumps event last night was more exclusive affair. And that they were hosted by john paulson a
cnn goes inside the children s hospital in northern gaza. one of the hospitals israel says hamas is using to shield its quote, unquote war machine. what our correspondent sees when he goes in. only three days left until a possible u.s. government shutdown, and the new house speaker is facing the same gop problem that caused the former speaker his job. can speaker mike johnson get the deal done? the fbi investigating the new york city mayor for possible foreign influence. we will hear from the mayor for the first time this morning since new details of the probe have emerged. i m john berman with kate bolduan, fredricka whitfield is in for sara sidner. cnn news central starts now. this morning, only one hospital remains operational and still receiving patients in northern gaza. according to a new report from the united nations, gaza s two largest hospitals are effectively shut down, they say, after saying that they have run out of fuel to power generators, which also, of
bookies, like a thing that they re known for, actually know the answer to that the leaves everything you need to know a little bit. jake tapper starts right now a major votes about to go down on capitol hill any minute, the lead starts right now the breaking news house lawmakers just seconds away from a vote that could hold attorney general merrick garland in contempt of congress. the dramatic action led by house republicans as attorney general garland refuses to hand over audio of president biden s interview with these special counsel. it s the interview we re robert hur s described biden is seeming like a quote, well-meaning elderly man with a for memory do house republicans have a vote have the votes. also this hour, i hate crime task force launched to investigate this repeated acts of antisemitism and vandalism in new york city. see some of the acts under investigation and to somber moments today, marketing the ugly scars of gun violence in america, students who as first-