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CNN 5 Things

3 PM ET: Fed slashes rates, severe bird flu case, TikTok’s challenge & more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 18 December 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

We’ll tell you how much the Federal Reserve has cut interest rates and why it could be the last cut for a while. House Republicans are singling out former GOP congresswoman Liz Cheney in their Jan. 6 investigation. The US Centers for Disease Control and Prevention has confirmed the first severe human case of H5N1 bird flu in the country. TikTok’s last-ditch effort to keep operating in the US is in the hands of the Supreme Court. Plus, Poland is auctioning off a very precious product.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:21.6

So go to Economist.com slash holiday gifting offer

0:25.6

to take advantage of this gifting offer ending soon.

0:29.6

From CNN, I'm Afamadiki with the five things you need to know for Wednesday, December 18th. The Federal Reserve has cut interest rates by a quarter point, and it could be the last rate cut we see for months.

0:44.3

Inflation still isn't where the Fed wants it.

0:47.3

It heated back up again in November, according to the Consumer Price Index, but it's just above the central bank's target of 2%.

0:54.4

Plus, the job market is cooling and economic growth remains strong.

0:59.7

House Republicans have wrapped their investigation into the January 6th Capitol attack this week.

1:05.6

In their report, they recommend prosecuting former Republican congresswoman Liz Cheney for her work on the House

1:11.5

Select Committee. They accused her of witness tampering, alleging she colluded with former Trump

1:17.1

White House aide Cassidy Hutchinson, one of the star witnesses who was crucial to the former

1:21.8

Select Committee's investigation. This comes after the president-elect told NBC earlier this month, but he thinks should happen to the committee members.

1:30.3

For what they did, honestly, they should go to jail.

1:34.4

Trump appeared to double down on that possibility in a statement on truth social today.

1:39.2

Cheney defended her work, accusing the GOP of fabricating, quote,

1:43.5

lies in defamatory allegations to cover up Trump's

1:46.3

actions on January 6th.

1:49.4

The CDC has confirmed the first severe case of H5N1 bird flu in the U.S.

1:55.3

The agency said a person in Louisiana was exposed to sick and dead birds in backyard flocks

...

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