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Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll mo ....
expected sales in china, where a real estate collapse and rising youth unemployment is hitting demand for apple s gadgets. erin delmore reports. for apple, a big gadgets. erin delmore reports. forapple, a big highlight gadgets. erin delmore reports. for apple, a big highlight the first revenue growth in a year. they reported a 2% rise in overall fiscal first quarter sales, taking a year of declining sales. it s thanks to sales of the iphone 15 which hit stores in september. but a low light does make a decline in sales in china, to the tune of 13%. apple is missing out on one of its key markets. the world s second economy is grappling with a slowdown thanks to a property market crisis, slow growth and high unemployment a young people which is weighing on iphone sales and, increasingly, chinese consumers are opting for phones made by huawei which are powered by chips made in china. apple is on the verge of releasing its vision pro headset, meanwhile. this is apple s ent ....
before france s top judges and betting on a crackdown: premier league clubs agree to remove gambling sponsors from shirt fronts within three years. campaigners say it s nowhere near enough. hello there. giving in to big pay demands by striking workers would be, quote, a terrible mistake so says the uk s finance minister chancellor of the exchequer, jeremy hunt, who s been defending his policies after official figures confirmed the economy flatlined in february with growth of 0%. industrial action is seen as a key factor dragging on the economy with teachers, rail workers, civil servants and nowjunior doctors among those walking out in a wave of strikes over pay. mr hunt is in washington for the spring meetings of the world bank and imf, where he was asked about the strikes. the one thing we won t do, because it would be a terrible mistake, is to agree to an inflationary pay rise that means that we are still talking about inflation in one year s time. if we stick to ....
and even more so, about the 77 minutes of inaction that the video shows. plus, in some big cities there will no longer be a starbucks on every corner. the coffee giant is closing several locations but not because of slow sales. is this about working safety or is it about unionization? welcome to the lead. i m jake tapper. we start today with our money lead and horrible news for your wallet. new data today released by the biden administration shows inflation surging to 9.1%. that is the highest level in more than 40 years and it means the prices we pay over all are 9.1% higher than at this time last year. so unless you have benefitted from an unlikely 10% raise since then, you now have less money in your pocket than you did a year ago. much of the increase is driven by gas prices, which we should note have fallen in recent weeks, but they remain insanely high, up nearly 60% in this report, and the increases are felt across a range of categories, prices on groceries ....
keilar and those were the words from president biden, taking direct aim at what he calls maga extremism. biden says it is threatening the soul of the nation and fanning the flames of political violence. flanked by marines in the shadow of philadelphia s independence hall, the primetime speech was more than a warning, it was a call to action for voters to make their voices heard in the midterm elections. it may have sounded political, but the white house this morning insists it was, quote, entirely about democracy. here are some highlights. as i stand here tonight, equality and democracy are under assault. we do ourselves no favor to pretend otherwise. donald trump and the maga republicans represent an extremism that threatens the very foundations of our republic. they promote authoritarian leaders and they fan the flames of political violence that are a threat to our personal rights, to the pursuit of justice, to the rule of law, to the very soul of this country. ma ....