Scott Horsley
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Podcast Appearances
President Trump campaigned with a promise to lower prices, and his economic approval rating has dropped to just 36 percent in the latest NPR-PBS News-Marist poll.
The Labor Department says consumer prices in November were up 2.7 percent from a year ago.
That's a smaller annual increase than reported in September and cooler inflation than forecasters had expected.
Analysts cautioned, however, the numbers may have been skewed somewhat by the government shutdown, which prevented federal workers from conducting their usual price checks in October.
Prices for electricity and natural gas are up sharply from a year ago, which is likely to raise winter heating bills.
The report comes as polls show Americans are broadly concerned about the high cost of living.
That's putting President Trump, who campaigned on a promise of lower prices, on the defensive.
Scott Horsley, NPR News, Washington.
In a letter to shareholders, Warner Bros.
recommends that investors turn down an offer from Paramount Skydance to buy the company and instead stick with a rival offer from Netflix.
The studio says a merger with Netflix would be better for customers and allow the company's movies and TV shows to reach a wider audience.
The tug-of-war over one of Hollywood's most famous brands is expected to continue.
Two big unions representing railroad workers are hoping to sidetrack a big freight rail merger.
The unions, representing engineers and maintenance workers, warn the $85 billion coupling of Union Pacific and Norfolk Southern would increase safety risks and raise shipping prices.
Scott Horsley, NPR News, Washington.
Healthcare and construction were some of the only industries to add jobs in November.
Factories cut jobs and so did delivery services.
The pace of hiring has slowed sharply since the beginning of the year.
Concern over a weakening job market led the Federal Reserve to lower its benchmark interest rate last week for the third time since September.
The Labor Department's ability to monitor the job market was hampered this fall by the six-week government shutdown.