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Chapter 1: 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.
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Chapter 2: How did the recent primaries affect the political landscape?
And she warned that there were dangerous attempts to exploit the stabbing attack. The violence erupted hours after right-wing commentators from England and the United States, including billionaire and ex-owner Elon Musk, had posted about the Belfast knife attack and called on people to protest against immigration. Fatima al-Kassab, NPR News, London.
And I'm Corva Coleman, NPR News, from Washington.
On June 11th, the globe's biggest sporting event comes to North America, the FIFA World Cup. The Super Bowl, you might say, averages something over 100 million live viewers, but the World Cup final, I think like five times that much. The favorites, the underdogs, and the Americanization of the world's game. Listen now to the Sunday story from the Up First podcast on the NPR app.