real life drama for hollywood actors as contract talks collapse setting up a strike. plus president biden in finland to welcome one and eventually two nordic nations to the nato alliance. and federal prosecutors talk to the top elections official in michigan. what does she know about efforts to overturn the 2020 vote. welcome to our viewers in the u.s. and around the world. we begin this morning with a developing story out of hollywood, california, where contract negotiations with the s.a.g. actors union and major studios and streamers broke down overnight. this sets the stage for hollywood s first big shutdown in more than six decades. union leaders say its national board will meet a few hours from now to formally authorize a strike. s.a.g. has about 160,000 members. if they go on strike, they would join hollywood screen writers who walked off the job in may. more on this coming up. but first president biden with a meeting of nordic leaders in finland this morning fo
That the federal reserve may soon stop aggressively raising interest rates. consumer price index showing that inflation slowed to 3% on an annual basis making june the 12th straight month that inflation has slowed. let look at some of the categories. gas from a year ago down 27%, used cars 5%, meat fractionally, but airfare off almost 19%. one thing that is not off are school supplies. for the first time in nine year, back to school spending set to fall according to a new report. consumers are expected to spend 10% less has prices have increased almost 24% in the past two years. let s bring in brian mccarthy. good morning, thanks for waking up with us. absolutely, good morning. so where are people pulling back and where are they how are they looking to save? our study finds that inflation is taking its toll. as you mentioned, we expect