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🗓️ 12 August 2025
⏱️ 54 minutes
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0:00.0 | Good evening. I'm Amna Nawaz. |
0:06.0 | And I'm Jeff Bennett. On the news hour tonight, new data shows prices on some goods are beginning to tick up, and the president's tariffs are a key factor. |
0:14.0 | A State Department report pulls back some of its criticisms of human rights violations around the world. |
0:21.6 | And the world's largest hunger crisis. |
0:23.6 | Millions face famine and displacement amid the intensifying civil war in Sudan. |
0:29.6 | We are suffering so much from no food, no water. |
0:33.6 | We are hungry. Our children are naked. |
0:35.6 | We have nothing to eat but animal feed. There is no water. We have nothing. |
0:40.1 | Welcome to the News Hour. New inflation figures show President Trump's tariffs are starting to have an impact on consumer prices. |
0:59.9 | Overall, inflation held steady at 2.7% year over year, but so-called core inflation, which is closely watched by the Fed and does not include volatile food and energy prices ticked up 3.1%. That's the largest |
1:12.7 | increase in five months. The report was the first from the Bureau of Labor Statistics since President |
1:18.6 | Trump fired its commissioner Erica McIntyre for earlier this month, accusing her without evidence |
1:24.2 | of rigging economic data. That firing came just hours after the release of a weaker |
1:29.0 | than expected jobs report. Late yesterday, the president nominated her replacement, E.J. Antony, |
1:35.1 | chief economist at the Heritage Foundation. That's a conservative think tank. For more now, |
1:39.9 | we are joined by Michael Strain. He's the director of economic policy studies at the American Enterprise Institute. |
1:46.3 | Michael, thanks for joining us. Let's just start off with these new inflation numbers. Overall inflation |
1:50.8 | holding steady was helped, we should note, by drops in gas and energy prices. But the fact that |
1:56.5 | core inflation did tick up, how do you look at that? What's behind it? And what does it say about |
2:02.5 | the overall economy right now? |
2:06.1 | Thank you. I think it's troubling. As you say, we saw an increase in core inflation. This is, |
2:12.3 | I think, become a trend. I think we can say that we are in an economy where underlying inflation seems to be |
... |
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