NPR News: 06-10-2026 10AM EDT
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What economic factors are influencing the stock market today?
Live from NPR News in Washington, I'm Corova Coleman. Stocks opened lower this morning after the Labor Department reported inflation climbed to its highest level in more than three years. NPR's Scott Horsley reports the Dow Jones Industrial Average slid about 200 points in early trading.
Consumer prices in May were up 4.2 percent from a year ago. That's the biggest annual increase since the spring of 2023. Inflation is being fueled by a sharp jump in gasoline prices since the U.S. launched its war against Iran, disrupting oil tanker traffic in the Strait of Hormuz. Gasoline prices have inched down in recent days, but are still about $1.17 a gallon higher than they were when the war began. Airfares have also been climbing, as airlines contend with sharply higher fuel prices. Stubborn inflation makes it less likely the Federal Reserve will cut interest rates anytime soon. Fed policymakers hold their first rate-setting meeting under new chairman Kevin Warsh next week. Scott Horsley, NPR News, Washington.
Four states held primaries yesterday, Maine, Nevada, North Dakota, and South Carolina. But in California, there are some late calls from last week's primary. The Associated Press has called the second and last candidate in California's gubernatorial race. Republican Steve Hilton will face Democrat Javier Becerra in the general election. Dave Wasserman is with the nonpartisan Cook Political Report.
This is a very favorable year for Democrats because President Trump's approval rating, according to our tracker, is just south of 40 percent. And so his approval, particularly among Democrats, Hispanic voters, white voters without college degrees. We've seen a big drop-off in his support from where he was in 2024. Therefore, California is just not in play. especially for a Republican who's endorsed by the president.
He spoke to NPR's Morning Edition. Opening statements are set for today in a federal criminal trial in Los Angeles. A suspect is accused of starting last year's deadly Palisades fire that killed 12 people. Steve Futterman reports.
Jurors were selected yesterday. Today, they will listen to each side present its case. The prosecution will accuse 29-year-old Jonathan Rinderknecht of intentionally setting a fire just past midnight on January 1st that ultimately became the Palisades Fire. The original fire smoldered underground for a week before resurfacing as the Palisades Inferno. The defense claims the original fire was not arson, but rather the result of New Year's Eve fireworks. Defense Attorney Steve Haney.
There's no direct evidence that Jonathan started that fire on January 1st.
The trial is expected to take two to three weeks. If convicted, Rinder-Kanesh faces anywhere between five to 45 years in prison. For NPR News, I'm Steve Futterman in Los Angeles.
A separate deadly fire broke out in the L.A. area at the same time last year. The Eaton fire killed 19 people. It's NPR. President Trump wrote online this morning Iran has taken too long to negotiate a deal and, quote, now they will have to pay the price. The U.S. fired on some Iranian targets this week after the president said Monday Iran downed a U.S. military helicopter. Iran fired on U.S. bases today in Kuwait, Qatar and Jordan. In Northern Ireland, people have been forced to flee after their homes were set on fire. There were anti-immigration riots last night. Protests erupted across the capital, Belfast, after graphic footage of a stabbing attack was shared online. Belfast police say a Sudanese man has since been charged with attempted murder.
NPR's Fatima al-Kassab reports from London.
One video shows a young boy and his parents being led out of their home by firefighters as houses and cars burn around them. A bus was also set on fire and footage shows masked men setting garbage cans alight. Politicians had called for calm after a video of a stabbing attack in Belfast circulated on social media. Northern Ireland's First Minister Michelle O'Neill said that groups of masked men were burning families out of their homes and called it outright thuggery.
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