Thursday, June 15th, 2023

Morning Announcements

Betches

News, Daily News, Politics, News Commentary

4.7 • 1.7K Ratings

🗓️ 15 June 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s Headlines: The Federal Reserve decided against raising interest rates, noting signs of slowing inflation. European Union regulators suggested Google may have to sell its digital advertising business due to antitrust concerns. Miami Mayor Francis Suarez joined the 2024 Republican presidential race, emphasizing his success in attracting tech businesses and tackling climate change. A grand jury indicted Daniel Penny for manslaughter in the death of a subway rider, and Wisconsin Governor Tony Evers vowed to reject the state budget if funding for diversity efforts is cut. Lastly, a UN report highlighted a record number of forcibly displaced people worldwide, largely driven by conflicts and climate crises, with women and children disproportionately affected. Resources/Articles mentioned in this episode: AP News: Fed Chair Powell sees progress on inflation, though not quickly enough The Verge: EU suggests breaking up Google’s ad business in preliminary antitrust ruling NBC News: Miami Mayor Francis Suarez files for 2024 presidential bid NBC News: Daniel Penny indicted by N.Y. grand jury in Jordan Neely subway death AP News: Wisconsin governor vows budget veto if GOP cuts diversity funds from university system Axios: Record 110 million people forcibly displaced worldwide, UN says Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Thursday, June 15th, and you're listening to the Morning Announcements presented
0:06.3	by Betcha's Media.
0:07.3	I'm your host, Sammy Sage, and the Morning Announcements is your daily five-minute breakdown
0:11.6	of the headlines that isn't afraid to take a side and roast the most consequential reality
0:16.4	show there is.
0:17.6	Our government.
0:18.7	We're starting today's episode with some financial stories.
0:24.8	The Federal Reserve chose to porco another interest rate increase after 10 straight hikes
0:29.1	over the past 15 months.
0:31.3	Betchaer Jerome Powell said yesterday that inflation has slowed to 4%, down from its peak
0:36.0	at 9.1% last year, and though it is still well above the target of 2%, there are signs
0:41.6	of other economic factors that are indicative of slowing inflation, such as lower rents
0:46.1	and slower wage growth.
0:48.0	But despite the signs of improvement, Bet officials issued projection yesterday that suggests
0:52.4	there could be another two additional quarter-point rate hikes before the end of 2023, and
0:58.2	that the benchmark rate could remain higher for longer than previously projected.
1:02.8	In other words, high mortgage rates, interest on car loans and credit cards.
1:07.1	For the good of the economy, they say.
1:12.9	Financial regulators in the European Union announced the results of an investigation into
1:16.7	Google yesterday, with a strong suggestion that the company may have to sell off its digital
1:21.8	advertising business, ad X, in a formal antitrust complaint.
1:26.5	The European Commission's preliminary ruling found that Google abused its dominant position
	...

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