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Morning Wire

Record Inflation & House Abortion Bills | 7.14.22

Morning Wire

The Daily Wire

News, Daily News

4.926.4K Ratings

🗓️ 14 July 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

Inflation hits a new record high and Americans’ hourly earnings suffer, House Democrats push two federal abortion bills, and violence and crime force Starbucks to close stores in major cities. Get the facts first on Morning Wire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Inflation hit 9.1%, a four-decade high, and wage increases aren't keeping up with prices.

0:11.0

The largest increases were for essentials. Food, gas, and rent? Another blow to America's

0:15.7

struggling middle class. We speak to an economist about what got us here and what comes next.

0:20.8

I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Thursday, July 14th, and this

0:27.0

is Morning Wire. Howe's Democrats are pushing two abortion bills through Congress, and some

0:36.0

of the language related to gender and women is sparking controversy. We discuss the bills

0:41.0

and the debate over who can get pregnant. And Starbucks is forced to close several stores

0:46.2

in major cities due to a wave of crime and violence, and 7.11s might be next.

0:51.8

Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.

1:01.2

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1:40.5

The Consumer Price Index rose a surprising 9.1% in June year over year, much higher than

1:46.6

expected. According to the Bureau of Labor Statistics, this is the highest rise in 41

1:51.9

years. The biggest increases were for fuel, food and rent, spelling trouble for Americans

1:57.0

trying to make ends meet, as wages just aren't keeping pace with rising prices. A report

2:01.8

by Moody's analytics says the average American will need $493 more per month to pay for the

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