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WSJ What’s News

Trump Says Putin Agrees to Talks to End Ukraine War

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 12 February 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

P.M. Edition for Feb. 12. President Trump says he and Russian leader Vladimir Putin have agreed to open immediate talks to end the war in Ukraine. WSJ national security correspondent Nancy Youssef discusses what we know about the shifting U.S. stance. Plus, inflation in January was higher than anticipated. We hear from Heard on the Street writer and WSJ’s Take On the Week co-host Telis Demos about what that could mean for the Federal Reserve. And House Republicans present their blueprint for a budget bill. Alex Ossola hosts.  Follow the president’s activities with our Trump Tracker. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. President Trump sets the stage to negotiate an end to the war in Ukraine, but with a different stance from the U.S.

0:40.1

Plus, inflation comes in higher than anticipated.

0:43.3

We dig into the data.

0:44.4

What was notable about this report is that what caused it to be a little hotter than people expected was not the housing and rent component.

0:51.6

It was goods and services.

0:53.9

And House Republicans release a plan for making trillions of dollars in tax and spending cuts.

0:59.4

It's Wednesday, February 12th. I'm Alex Oslo for the Wall Street Journal.

1:03.5

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:16.6

Thank you. stories that move the world today. Inflation rose more than economists expected in January.

1:19.6

The Labor Department reported today that consumer prices last month rose 3% from a year earlier.

1:25.6

That's up from the 2.9% increase in December. These numbers inform

1:30.0

the Federal Reserve's decisions on future interest rate cuts, and President Trump campaigned

1:34.6

on lowering prices. Tell us Demos, a writer for Hurt on the Street and co-host of WSJ's

1:39.7

Take on the Week podcast, joins me now. So tell us, what is behind this uptick in inflation?

1:46.3

Well, what's interesting about it is that, you know, inflation has been still running,

1:51.1

I think, hotter than many would like, but has been cooling. And one of the things that has

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