It's a September surprise. Monthly consumer price inflation came in a tick lower than forecast last month for both headline and core, up 3/10 and 2/10. Housing, food and car costs were remarkably restrained.The government's measure of home prices rose at the slowest pace since January 2021. The White House hailed the numbers and analysts say it confirms the Fed will cut rates again. But annual inflation is still rising, both core and headline up 3% over the past 12 months.The Fed's target is 2%. Furniture, ...

Hard to parse because you're seeing GM and Ford have these strong earnings reports, huge moves in the stock. President Trump is is taking victory laps over this on true social. And yet this morning our colleague David Welch in in Detroit had the scoop that GM is laying off hundreds of workers.So you have this this situation where as you say, the amount of of sales these companies are pulling off with full size SUVs. You know, the Ford Expeditions, the Chevy Tahoe, those sorts of vehicles are really hot in s ...

Core Points - President Trump has announced the termination of all trade negotiations with Canada due to a controversial advertisement that criticized U.S. tariffs, which was sponsored by Ontario [1][5] - Canadian Prime Minister Mark Carney plans to double exports to countries outside the U.S. in response to the tariffs, indicating a shift in Canada's trade strategy [2][14] - Ontario Premier Doug Ford decided to pull the ad after discussions with Carney, stating that the goal of reaching U.S. audiences had been achieved [3][4] Trade Relations - The ad in question was funded by Ontario's provincial government, not the federal government, and aimed to influence U.S. public opinion regarding tariffs [5][6] - Trump's administration has expressed long-standing frustration with Canada's trade negotiation strategies, citing a lack of flexibility from Canadian officials [12][13] - More than 75% of Canadian exports are directed to the U.S., with approximately $2.7 billion worth of goods and services crossing the border daily [14] Economic Impact - Trump's tariffs have significantly impacted Canada's auto sector, particularly in Ontario, leading to production shifts such as Stellantis moving a production line from Ontario to Illinois [18] - The Ontario government had allocated $54 million (approximately $75 million Canadian) for the advertisement campaign, which was set to air across multiple U.S. television stations [6][16] - The Ronald Reagan Presidential Foundation criticized the ad for misrepresenting Reagan's views on tariffs, indicating potential legal actions [8][11]

school. For more on how today's CPI might impact the road ahead for rate cuts, let's welcome in the Wall Street Journal's Nick Tamaros. It's good to it's good to have you.I don't know if you had a chance to listen to the conversation and the debate that the professor and Ed were having over what the Fed should do. I think we know what it will do, but what do you make of this idea that they may be walking into a problem if they cut into a situation where maybe they don't have to. Well, I I think Scott, what ...

Let's get to some breaking news out of Washington DC. Aean Jabers at the White House now. Hi Aean.>> Yeah, technically contested. This is breaking news out of Ontario actually because we've been talking about this TV ad all day uh that the government of Ontario ran uh and it was focused on Ronald Reagan's comments back in 1987 about tariffs. President Trump took exception to that.Said it was fake. Said it was deceptively edited. Uh and now we have a statement on social media from uh the premier of Ontario u ...

Core Points - The Ontario government has paused its US advertising campaign to facilitate trade talks with the US, following criticism from President Trump regarding a TV ad that referenced Ronald Reagan's comments on tariffs [2][3] - Ontario Premier Doug Ford stated that the ad campaign had successfully reached US audiences and will continue to air briefly during the World Series games before being taken off the air [3] - The White House National Economic Council adviser confirmed that trade talks are scheduled to occur next week, indicating that discussions are progressing and the recent controversy may be resolved [4]

Group 1 - Procter & Gamble Co. reported fiscal first-quarter earnings and sales that exceeded analyst forecasts, driven by resilient consumer spending despite economic challenges [1] - The company posted net sales of $22.4 billion, reflecting a 3% year-over-year increase and surpassing Bloomberg's estimate of $22.19 billion [1] - Core earnings per share rose 3% to $1.99, exceeding expectations of $1.88 [1] Group 2 - P&G expects after-tax costs of approximately $400 million from U.S. tariffs in its 2026 fiscal year, a reduction from the previously projected $800 million [2] - The company has implemented price increases to offset tariff impacts, although volumes remained flat for the July–September period [2] - Organic sales in the Beauty segment increased by 6% year-over-year, driven by strong personal care pricing in North America and moderate growth in hair and skin care [2] Group 3 - The announcement comes amid renewed trade tensions between the U.S. and China, following President Donald Trump's decision to terminate talks with Canada [3]

Core Insights - The furniture industry has experienced a significant decline, moving away from its previous status as the "Furniture Capital of the World" due to various challenges such as price increases and supply chain issues [1] Industry Summary - The industry is facing price hikes that have impacted profitability and consumer demand [1] - Supply chain disruptions have further complicated the operational landscape for businesses within the furniture sector [1]

This is breaking news out of Ontario actually because we've been talking about this TV ad all day uh that the government of Ontario ran uh and it was focused on Ronald Reagan's comments back in 1987 about tariffs. President Trump took exception to that. Said it was fake, said it was deceptively edited.Uh and now we have a statement on social media from uh the premier of Ontario uh who Doug Ford who says in speaking with Prime Minister Carney, Ontario will pause its US advertising campaign effective Monday s ...

This just came dropped overnight. President of the United States in a true social post saying, "Yeah, we're done talking to Canada because my feelings were hurt about this ad which as Joe just laid out and we played. You could hear it. You could see it. You can go on YouTube yourself if you don't believe and watch." It's what former President Reagan said. It's what former President Reagan said.and our current president is so easily triggered that a TV commercial can change international policy, trade policy ...