pain. learn more. it s still go dark good morning. good morning. welcome to see it in this boarding. it is saturday, june 1st. brand new month we wind through 2024. good to have you with us. i m victor blackwell and i m amara walker. here s what we re working on for you. this morning. it was a rigged trial reckless dangerous consider responsible for anyone to say this was brig just because they don t like the verdict two very different takes on former president donald trump s historic conviction. he says a hush money trial was rigged while president biden says is reckless for him to claim that. now the big question will serve jail time. we ll talk for a legal and political analysts ahead. resonant block biden laid out a three phase proposal for peace in the israel-hamas war as israeli forces push deeper into rafah i am blasting into history for the first time humans will fly aboard boeing s starliner spacecraft. but we ll let finally the all systems go after some pr
Inflation. as far from over on friday, the commerce department releases april pce report and it s this inflation data that the federal reserve watches especially closely in the report show that an april the pce price index rose 2.7% from a a year ago and rose 0.3% on a monthly basis. now food prices, while they did fall, but gas prices ticked up for the month by more than 1%. but if you strip away both of those categories, food and energy, you get what s called core inflation. and this is seen as a better indicator of underlying inflation an annual core pce rose 2.8%, which is what wall street expected. so you put it all together and what you have is inflation data that appears to be moving sideways, not exactly accelerating, not falling either. we also saw on the data consumer spending took a dip rising 0.2% compared to zero point devin percent. we saw that in march. now, friday s report is yet another reminder of what