California’s Gavin Newsom Wants to Lead the Trump Resistance

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 13 November 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 13. WSJ reporter Zusha Elinson on how the Democratic California Gov. Gavin Newsom is positioning himself to face off against the incoming administration of President-elect Donald Trump. And European autos reporter Stephen Wilmot takes us inside the Volkswagen-Rivian deal that could rescue both companies. Plus, inflation edges up slightly in the U.S., but might not derail a possible interest-rate cut by the Fed in December. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:34.1	U.S. inflation rose in October, but not enough to derail a December Fed cut.
0:39.7	And California's governor says he's ready for a showdown once Donald Trump takes office.
0:44.8	In almost every issue that Trump is promising voters to deliver on, it's directly opposite to California's policies on immigration, environment, crime, etc., everything.
0:56.7	Plus, Volkswagen and EV startup Rivian hatch a plan they hope will save both companies.
1:03.2	It's Wednesday, November 13th.
1:05.5	I'm Tracy Hunt for the Wall Street Journal.
1:07.9	This is the PM edition of What's News, the top headlines and business
1:11.9	stories that move the world today.
1:17.1	Consumer prices edged up in October after having recorded the slowest rate of growth in
1:22.0	three and a half years in the previous month, a sign of how inflation continues to move
1:26.8	lower on an uneven and bumpy path.
1:29.8	The U.S. Labor Department today said that consumer prices in October rose 2.6% from a year earlier.
1:37.3	That marks a pickup from the previous month.
1:39.9	Core prices, which exclude food and energy items in an effort to better reflect inflation's
1:44.8	underlying trend, were up 3.3%.
1:48.0	The latest report likely wasn't enough to derail another interest rate cut from the Federal
1:53.2	Reserve in December.
	...

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