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CNN 5 Things

12 PM ET: Inflation loosens grip, Trump and Harris unity, NFL kickoff change & more

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 11 September 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Inflation is continuing to loosen its grip on American consumers. Both Vice President Kamala Harris and former President Donald Trump are claiming victory after last night's debate, and their campaigns might schedule another one. The candidates came face to face again at a 9/11 memorial in New York this morning, where they once again shook hands. Hurricane Francine is expected to bring flooding rainfall to Louisiana when it makes landfall. Plus, how changing one play in the NFL play could protect players from injuries. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there from CNN, I'm Chris Debeau with The Five Things You Need to

0:04.5

Know for Wednesday, September 11th.

0:08.2

Inflation continues to loosen its grip on American consumers. The latest inflation

0:12.4

report out today from the Commerce Department shows price hikes for consumers

0:16.0

slowed by the most in three and a half years, from a 2.9% annualized rate in July to 2.5 percent in August. The last time it was that

0:25.4

low was in February 2021 and federal data shows it's a rate that matches the

0:30.0

average seen in 2018 when Donald Trump was president. This decrease is largely

0:34.9

due to falling gas prices and stable grocery costs, but the report notes the cost of owning

0:40.0

and renting a home continues to be the leading driver of inflation.

0:43.6

This all but submits a quarter-point rate hike from the Federal Reserve when it meets

0:47.8

next week.

0:48.8

Vice President Kamala Harris and former President Donald Trump are both claiming

0:53.4

victory after their debate last night, but voters are ultimately the judge of that.

0:58.0

Harris's campaign thought it went so well they're challenging Trump to do another

1:01.5

debate in October,

1:02.8

while the Trump campaigns pushing for September 25th on NBC.

1:06.5

Trump wasn't as definitive on Fox News this morning,

1:09.3

so it's unclear if they'll meet again on stage.

1:11.9

Either way,

1:12.5

CNN and Stephen Collins says last night's debate could have already

1:15.9

helped Harris's campaign.

1:17.6

If she gets a polling bounce, it could be significant because some of these early

...

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