When the holiday gift you just paid for is the figment of an AI's imagination, I'm David Brancaccio in Los Angeles first.

In his 19-minute speech to the country last night, President Trump shared a view on the economy that was, at turns, accurate, misleading, or wrong.

Marketplaces Nancy Marshall-Genser takes a look.

President Trump said last night he had inherited a mess from former President Biden. Trump claimed

he'd made historic improvements to the lives of Americans over the past 11 months. The president

said gas prices are down, which is true, but not as much as he claims. Trump says gas is now under 250 a gallon

in much of the country. Actually, according to AAA, the average price is almost $2.90 a gallon.

President Trump also talked about how much money Americans have to spend.

And for the first time in years, wages are rising much faster than inflation.

It is true that wages are up, but they're not that much higher than inflation, and they're

growing more slowly. Wages were rising about 4% at the start of Trump's current term.

Now they're increasing at 3.5. President Trump also talked about the tax

cuts in the big tax and spending bill Congress passed in July.

Next, no tax on tips, no tax on overtime, and no tax on Social Security for our great

seniors. Under these cuts, many families will be saving between $11,000 and $20,000 a year.

It's true. There are new tax breaks for tips and overtime, but seniors will still pay taxes on Social Security.

There is a new temporary $6,000 deduction for them, though.

As far as the tax savings goes, the Center-Rite Tax Foundation

says the average refund will be $300 to $1,000 higher than in a typical year.

Higher-income households will generally benefit more from the tax cuts. I'm Nancy Marshall

Genser for Marketplace. Now, we got a peculiar consumer price index this morning showing prices up 2.7% in the year through November, less than the 3% registered in the year through September.

Where was October? The government shutdown canceled that one.

...