Page 30 - 6 2 News Today

Pete muntean, cnn, washington. the university of texas at austin is the latest to block access to the social media app while users are logged into its wireless network. it comes as part of an order from governor greg abbott. the university says its a step to eliminate risks to information in the universitys network. it follows other universities and government groups that have also limited or outright banned the use of the app. while inflation is still high in the u.s. and around the world, ...

Its confirmation of what weve been saying. producer price index, factory floor inflation, 6.2%. thats the slowest since march of 2021. when you look month to month, from november to december prices, wholesale prices fell 0.5%. when you look at the bar chart here, the trend is your friend, you can see how the price peak seems to be behind us. its still too high for the feds comfort. they want something around the 2% range. coming back down the earth there. its a double whammy this morning in news...

Reinforcing the growing consensus that the worst of inflation is actually behind us. that sounds good, right? theres also this report which shows consumers are reining it in and spending less, which could be another sign that a recession is near. cnns rahel solomon is here. the u.s. economy is built on, of course, consumer spending, so walk us through the numbers and what they tell us. >> reporter: a great point, erica. consumer spending is the backbone of the u.s. economy so good news, lets sta...

Charts. we want to mark this moment where it looks like theres a peaking in this terrible inflation story. over the past 12 months the producer price index up 6.2%. guys, thats still too high, but look at from month to month, down half a percent and when you look at the chart of producer price inflation this is running half the level it was at the peak. thats important. that is really showing you that the worst of the price increases are behind us. when i dig into the core number, this next char...

Producer inflation and you can see the trend that is certainly encouraging. 6.2% at an annual rate as i just said but compare that to the peak of 11.7% in march of 2022. we like to see it. now, take a look at consumer inflation, which is inflation that we as consumers all experience on a day to day. you can see it is following a similar trend. consumer inflation also falling. you have consumer inflation falling, producer inflation falling. wage is moderating. part of the reason why youre hearing...

Traders on wall street are busy deciphering a mixed bag of economic data. the dow is down more than 400 points. after another disappointing retail sales report on the flip side, producer prices fell last month. evidence that the feds interest rate hikes are cooling the economy as intended. >> cnn is with us now. the fed has to balance all of these different variables so what is this latest one mean for them? >> you would think maybe it would mean they would slow the pace of rate hikes. we heard ...

Gasoline, diesel and jet fuel, vegetables, chicken, chicken eggs, however, not going down and saw price increases as well as electric power. a few ways to look at a a a like this. what it tells us about the most recent history but also what it tells us about where were coming from and directionally where we may be going and take a look, 6.2%, thats a nice ways down from the peak we saw in march of 2022. that was 11.7%. so a nice, wow, thats supposed to say 11.7. nice decline there. at the same t...

Threatening the structural integity of the dam. officials have said the situation is stable, but dangerous. more than 120 stretches of road in peru remain blocked by protesters, despite a state of emergency in several regions. the unrest was triggered by the impeachment of president pedro castillo last month for alleged corruption. violent clashes in recent weeks have left dozens dead and scores injured. an earthquake of magnitude 6.2 has struck northern sumatra in indonesia. according to the us...

9%, 10%. so, if you are a seller right now and if you truly think that, you know, maybe you are not going to be able to make money. you are freaking out. something like that. it might be a good time to sell because, in most markets, youre still able to make a substantial amount of money because we have seen price gains for so long. the past two, two and a half years. >> lisa: we had the fed chairman talking about how we would see this difficult reset in the housing market. is that what we are se...

Governor gavin newsom has declared a state of emergency from a deadly earthquake. at least two people died from a 6.2 magnitude earthquake. it knocked buildings off the foundations and shattered windows. nearly 70,000 homes lost power. >> my house is on post and piers and it completely moved in circles. it was -- it was pretty terrifying. it was loud. >> it was pretty violent. i had wheels on my bed so i was shaking left to right, forward and back and everything. it was the biggest one ive ever ...