Business Rundown: No, Canada! ... Trade Tensions Escalate Between the US and Its Northern Neighbor

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 24 October 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

After an economic data blackout for weeks, we got an inflation update this morning showing a lower-than-expected increase in the consumer price index. According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in September compared to August, and the annual inflation rate rose to 3%. That is above the Federal Reserve's target rate of 2% as policymakers there meet next week to decide their next interest rate move With the Fed, CEOs, investors, and pretty much everyone flying blind in regard to economic data, thanks to the nearly month-long government shutdown, how important was today’s inflation update? Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins Fox Business’ Gerri Willis to discuss how investors are navigating the current data desert, the President's latest spat with Canada over trade talks, and some of the headlines coming out of the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:56.6	Visit ServiceNow.com slash UK slash AI for people. I'm Jerry Willis and this is the Fox Business
1:03.0	Rundown. Friday, October 24th, 2025. The government shutdown has created a data desert for businesses and
1:16.1	policymakers, but today we finally got some indication of where the economy is headed.
1:21.6	Investors appear to be kind of looking through it, especially now we're in earnings season,
1:25.4	so they're really focused on earnings.
1:32.4	And guess what? The guidance from these companies that have been reporting has not been negative.
1:38.4	After an economic data blackout for weeks, we got an inflation update this morning showing a lower than expected increase in the consumer price index. That's inflation.
1:45.9	According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in
	...

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