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Biden praises economy as stocks plunge after disappointing consumer price report

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Wall Street experiences its ‘worst day’ in two-years

U.S. President Joe Biden addressed hundreds who gathered in the Rose Garden at the White House to celebrate last month’s passage of the ‘Inflation Reduction Act.’

The event was actually held on the same day a new government report—the “Consumer Price Index”—was released which showed extremely disappointing numbers.

The report revealed how difficult it will be to bring surging prices down back to near pre-pandemic levels.

Simultaneously, a wide-ranging sell-off on Wall Street sent U.S. stocks reeling on Tuesday afternoon.

The move came following the highly anticipated and hotter-than-expected CPI inflation report.

According to the report from August, core CPI increased more than expected, rising to 6.3%, up from 5.9% back in July.

Now, financial markets are pricing in an interest rate hike of at least 75 basis points—or a possible 1% point increase at the conclusion of the FOMC’s policy meeting next week.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Ticker News is now live on XumoTV and Xfinity across the U.S.

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Ticker News is now available on Xumo TV and Xfinity, bringing new era of accessibility

Ticker is thrilled to announce a major milestone for Ticker News: we are now available for streaming across the United States on Comcast’s major platforms, Xumo TV and Xfinity.

The development places Ticker News in the company of industry giants like CNN, Fox News, and MSNBC, marking a significant leap forward in our mission to deliver quality news to a wider audience.

With a combined reach of 50 million active users per month, Xumo TV and Xfinity offer an opportunity for Ticker News to expand viewership.

The achievement is particularly special with Ticker’s fifth anniversary on air on August 19.

“Getting Ticker News on these platforms was no small feat,” says Ticker Founder and CEO Ahron Young.

“It took nearly two years of intense negotiations and overcoming various technical challenges. But the journey underscores the resilience and determination of our team, proving that persistence pays off. We are immensely proud of what we have accomplished together,” Ahron says.

Being available on Xumo TV and Xfinity significantly enhances our already robust distribution network.

These platforms provide Ticker with the ability to reach millions of new viewers, further solidifying our presence in the competitive news landscape.

“Our commitment to expanding our reach and improving accessibility remains stronger than ever,” says TIcker’s Global Marketing Director, Kane Ricca.

Looking Ahead

As Ticker celebrates this exciting moment, the media company remains focused on its mission to provide accurate, timely, and engaging news to our audience.

“We are grateful for the ongoing support of our hosts, staff, investors, and viewers. Every moment counts at Ticker, and together, we are building something truly special,” says Ahron.

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‘Frank and constructive’ meeting between Harris and Netanyahu

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Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu to discuss the humanitarian crisis in Gaza and a cease-fire agreement.

Vice President Kamala Harris highlighted the nature of the discussion describing it as a “frank and constructive”meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

Harris expressed her concerns about the humanitarian situation in Gaza.

She stressed the need to finalise a cease-fire deal.
Harris described the past nine months in Gaza as devastating.
She urged that the tragedies in Gaza should not be ignored. #trending

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‘Left wing lunatic’: Trump tears into Kamala Harris in major rally

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Donald Trump is ramping up his attacks on Kamala Harris – his new opponent in the November election. But will it be enough to stop her?