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NBC Nightly News Laments Bad Inflation Report 'A Challenge' For Biden Campaign

The network evening newscasts did their best to bury yesterday’s bad inflation news. Literally. Both by leading their newscasts off with severe weather and by running their respective inflation items after the 10-minute mark.

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NBC Nightly News Laments Bad Inflation Report 'A Challenge' For Biden Campaign

NBC Nightly News Laments Bad Inflation Report 'A Challenge' For Biden Campaign
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CBS Evening News With Norah ODonnell

white house. starting with the most important issue to voters: the economy. and we learned today inflation was up last month more than expected. the new data out today shows one of the biggest reasons is housing costs, so we are going to look at what that means i had for your wallet. plus, the immigration crisis remains the top of mind for voters as they make their voices heard in the 2024 election cycle. tonight, we have an in-depth look at the strain in the classroom as tens of thousands of migrants cross the border and their children enter public schools. and then the other big headline today, former president donald trump was not on the campaign trail, but inside a courtroom. tonight, his outburst at the prosecutor and the judge and what the outcome of that $370 million civil fraud trial could mean for his real estate empire. so let's begin with the economy. inflation jumped in unexpectedly today, taking up slightly to an annual rate of 3.4%. cbs's jo ling kent will start us

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CBS Evening News With Norah ODonnell

congress to work with us. >> reporter: back in nevada, weber just wants results. >> i want the fighting to stop. in washington, d.c. it's like mom and dad fighting, and all the kids are suffering. our country is so divided. >> norah: and jo ling kent joins us now. so, how does this inflation report that is out today impact what may happen with interest rates ahead. >> reporter: exactly, that's a great question. inflation ticked up more than wall street was expecting so you can be sure the federal reserve is watching the so closely trying to figure out figure wintertime that first cut, which could come this spring. now to members of the federal reserve publicly expressed hesitation about cutting rates too soon, but the fed is also very mindful about not cutting rates too close to the general election to avoid seeming partisan, norah. >> norah: everyone wants to know when those rates are going to get cut. jo ling kent, thank you very much. all right, former president donald trump took time off the campaign trail today for closing arguments in his civil fraud

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Jo Ling Kent

Senior Business and Technology correspondent, CBS News

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Jose Diaz-Balart Reports

holiday weekend. aaa expects a record 42 million people to brave those high gas prices and hit the road for the fourth of july holiday. but soaring food prices also mean this year's independence day barbecue could set you back more than usual. the american farm bureau federation says cookout costs are up $10 from last year. 17% more from last year's total. and researchers said that consumers in the united states will pay an average of nearly $70 for standard july 4th cook out fare. let's get right out to our team. we're at a chicago grocery store talking to customers and our business and tech correspondent jo ling kent is in l.a. what are shoppers telling you? >> reporter: shoppers here in illinois like shoppers across the country are blown away by high gas prices and high food prices and your cookout estimate was on point. this classic fourth of july

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NBC News Financial Reporter: 'Access to Abortion Rights Directly Impacts the Educational Levels of Birthing People'

NBC financial reporter Jo Ling Kent Monday on MSNBC "Katy Tur Reports" cited Treasury Secretary Janet Yellen in proclaiming "access to abortion rights impacts educational levels of birthing people as well as future earnings." | Clips

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NBC Nightly News With Lester Holt

and issued a voluntary recall two days later. that same day, the fda put out a warning to parents. now president biden says he didn't become aware until april, but the president not publicly commenting on the crisis until may 13th when he faced bipartisan criticism for a slow response. >> there's nothing more urgent. >> reporter: late today the white hous press secretary saying administration officials were working on the problem for weeks before the president says he was briefed. >> we did everything that we can from the moment we learned about the recall i would have to talk to him about the april date >> reporter: in that meeting with major manufacturers, abbott was noticeably absent. a senior administration official telling nbc news the company at the center of this crisis was not invited. abbott is currently cooperating with the fda to reopen its shuttered plant in sturgis, michigan, set for this weekend this comes after president biden announced new emergency formula flights from the united kingdom and australia. expected to hit shelves later this

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NBC Nightly News With Lester Holt

month. it can't come soon enough for parents like mom celeste donahue in northern california she has driven to oregon to find formula she needs for her ten month old baby boy. >> bottom line is we can't do this. there should be formula on the shelves in the store. >> reporter: jo ling kent, nbc news in 60 seconds, the new warnings on the economy. one ceo saying we may be headed into an economic hurricane as gas prices hit yet another record record.

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NBC Nightly News With Lester Holt

citizenship. >> if students are not taught those things, what do they lose out on >> i think the most important piece that they miss is the power that they possess as individuals. >> if we want to understand our own lives and those around us, it's important to understand history >> if you're learning about american history, you have to learn the history of all americans. >> what does it mean to you that new jersey has passed this law? >> it means a lot. it means like that i'm seen and that my voice is important, people are listening to what i have to say. >> reporter: reflecting on the past to build a more inclusive future jo ling kent, nbc news, ridgewood, new jersey up next for us tonight, 70 years on the throne americans are among those celebrating the queen's platinum jubilee. what's behind our royal fascination and will it continue

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