Inflation Slows; Midterm Firsts; What We’re Watching, Reading, Eating — Mo News Rundown
Mo News
@mosheh / tentwentytwo
4.9 • 2K Ratings
🗓️ 11 November 2022
⏱️ 34 minutes
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| 0:00.0 | Hey, everybody. It is Friday, November 11, 11, 11, Jill. Make a wish. Exactly. |
| 0:09.2 | 11, 11, 22. You're listening to the Monew's podcast. I'm Mochewanunu. |
| 0:13.6 | And I'm Jill Wagner. This is the place where we bring you just the facts from verified |
| 0:17.8 | sources and a breakdown of what matters in the news. Jill and I have made our best attempt |
| 0:22.2 | again today to read all the news so you don't have to. And with that, Moch, here's what we are |
| 0:26.4 | working on. Inflation finally showing signs of cooling off the demographic that may have |
| 0:31.7 | saved Democrats this midterm election. Plus all the historic firsts overseas, the Taliban taking |
| 0:38.7 | more drastic measures against women. And if you have eight bucks, you could be just about anyone |
| 0:44.0 | you want on Twitter. It turns out they might have laid off the entire verification department, |
| 0:48.4 | Jill. We'll tell people about that a little later. Okay, so let's start with the economy. |
| 0:53.6 | We finally got some good news when it comes to inflation. New data out Thursday showed that |
| 0:58.4 | inflation is finally starting to slow down a bit. October's consumer price index or CPI rose |
| 1:04.7 | just 0.4% for the month and 7.7% from a year ago. That's the lowest yearly increase since January |
| 1:12.5 | by comparison. It rose 8.2% the month prior. Overall, inflation peaked at 9% in June. But that was |
| 1:20.5 | a new 40 year high. Some areas of improvement rental cars and used cars. Airfare is still much, |
| 1:27.9 | much higher. It's up 42% in just 12 months. Gas prices have leveled off. They were up about 60% |
| 1:35.2 | in June. That was when prices hit five bucks per gallon for the first time. Home energy costs |
| 1:41.6 | also improved. And motion investors certainly like what they heard the stock market had its best |
| 1:46.5 | day since 2020. Yeah, I'm reading the lead headline in CNBC and now DAO pops 1200 points. S&P 500 |
| 1:54.0 | jumps 5% biggest rally in two years. Though we should remind everyone not that if you haven't |
| 2:00.0 | checked your portfolio lately, we're still down about 20 plus percent for the year. But certainly |
| 2:04.6 | the markets were very pleased today. The quick translation on this is the faster inflation comes |
... |
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