Headline News from The Associated Press
AP Headline News - Mar 12 2024 18:00 (EDT)
AP news. I'm Ben Thomas. The U.S. is rushing more weapons to Ukraine from Pentagon stockpiles. Sakamogane reports that's despite a lack of funds to replace them. It's the military's first announced security package since December when the U.S. acknowledged it wasn't just out of money to replace the weapons. It's about $10 billion overdrawn. The latest aid comes with Ukraine running dangerously low on munitions. When Russian troops advance and its guns fire, Ukraine does not have enough ammunition to fire back. National Security Advisor Jake Sullivan, hours before President Biden, issued a similar warning. The new weapons delivery won't help for long. It's not nearly enough. The Pentagon was able to fund this shipment after finding cost savings in some weapons contracts. The Biden administration is again urging Congress to provide billions more in funding for Ukraine, which is stalled in the GOP-led house, Sagar-Magani Washington. Russian officials say Ukrainian long-range drones smashed into two oil facilities deep inside Russia today. At the same time, Ukraine-based Russian opponents of the Kremlin claim to have carried out an armed incursion. An aid ship loaded with some 200 tons of food has set sail for Gaza. Charles Della Desma has details. The food's being gathered by World Food Kitchen, the charity founded by Celebrity Chef Jose Andres, and is being carried on a barge attached to a ship belonging to the Spanish A Group Open Arms. It's expected to arrive at an undisclosed location on the Gaza coastline in a few days. The shipments have tested for the opening of a sea corridor to supply aid to the territory, where starvation is spreading five months into the Israel Hamas War. The U.S. also plans to construct a sea bridge near Gaza to deliver aid, likely to take weeks. I'm Charles Della Desma. President Biden and former President Trump hope to clinch their party's presidential nominations and primaries tonight. This is AP News. Consumer prices picked up last month, rising 0.4 percent from January to February. Year over year, they were up 3.2 percent, a slightly faster pace than January. Says to tell have some reaction in the AP markets report. Stocks rallied to more record highs on Wall Street after some influential big tech companies got back in their groove. The S&P 500 rose 1.1 percent Tuesday, topping the all-time high, set last week. The Dow added 235 points at about 6.10 percent. The Nasdaq composite jumped 1.5 percent. All three indexes started the day with losses. After a highly anticipated report showed that inflation was worse than expected last month. Treasure yields rose in the bond market. The inflation figures weren't far off expectations, however. And traders still hope the Federal Reserve will begin cutting interest rates in June. NVIDIA rose more than 7 percent, breaking out of a mini-losing streak. Oracle jumped almost 12 percent after reporting stronger profit than expected. Seth Seutel, New York. And I'm Ben Thomas, AP News. Thanks for listening. This episode is brought to you by Progressive Insurance. Most of you listening right now are probably multitasking. Yep, while you're listening to me talk, you're probably also driving, cleaning, exercising, or maybe even grocery shopping. But if you're not in some kind of moving vehicle, there's something else you can be doing right now. Getting an "auto quote" from Progressive Insurance. It's easy, and you could save money by doing it right from your phone. Drivers who save by switching to Progressive save nearly $750 on average. And "auto customers" qualify for an average of 7 discounts. Discounts for having multiple vehicles on your policy, being a homeowner, and more. So just like your favorite podcast, Progressive will be with you 24/7, 365 days a year, so you're protected no matter what. Multitask right now. Quote your car insurance at Progressive.com to join the over 28 million drivers who trust Progressive. Progressive Casualty Insurance Company and Affiliate's national average 12-month savings of $744 by new customers surveyed who saved with Progressive between June 2022 and May 2023. Potential savings will vary discounts not available in all states and situations. Do you need to communicate and collaborate from anywhere? Vonage does that. With one streamlined app, you get full features that work on desktop or mobile wherever you go. Join video meetings and calls, respond to messages, and work from home, in the office or on the road. You can even capture conversations on the go, because the Vonage mobile app can integrate with your CRM. Now your small business can communicate like a big enterprise. See more of what Vonage can do for you at Vonage.com. Canva presents unexplained appearances. It was an ordinary work day, until that presentation appeared out of thin air. Also, it's eerily on brand. Wait, did that agenda just write itself? Words appear, making this unexplainable case. Unexplainable? It's Canva's AI tools. I can generate slides and words in seconds. Really? The real mystery is why I'm only learning this now. Canva.com, designed for work. Fargo, the new virtual assistant from Wells Fargo, makes banking faster and easier. Like this. Fargo, what's my checking account routing number? And this. Fargo, turn off my debit card. And this? Fargo, what did I spend on groceries last month? And that's just the beginning. Do you, Fargo? You can. In the Wells Fargo mobile app, learn more at wealthfargo.com/getfargo. Terms and conditions apply. Your mobile carrier's availability and message and data rates may apply. Wells Fargo Bank and AM member FDIC.