Headline News from The Associated Press
AP Headline News - Apr 11 2024 11:00 (EDT)
AP News, Good morning. I'm Ed Donny. The Labor Department says it's producer price index, which measures inflationary pressure before it reaches consumers rose at the fastest pace in nearly a year. But the increase was less than experts were predicting. Wholesale inflation eased on a month-to-month basis. The report is a bit of a relief after a report yesterday that shows inflation was surprisingly hot last month. A discussion in the Arizona House on abortion was shut down by Republicans. The AP's Haya Punjwani has the story. "Shame on you!" Soon after the Arizona Supreme Court upheld a 19th century law criminalizing abortion throughout pregnancy unless a woman's life is at risk, some state representatives attempted discussion on the matter. But we're quickly shut down. The audios courtesy of Arizona state representative Annalise Ortiz. State Representative Stephanie Stahl, a Democrat, says the world is watching Arizona. "Should the 1864 ban on abortion remain the law in Arizona, people will die." Republican state representative Theresa Martinez says the law, which doesn't make exceptions for rape or incest, can be upheld by the state. The Supreme Court returned the authority to regulate abortion to the states, where it rightfully belongs. Lawmakers are recessed until April 17th. I'm Haya Punjwani. A Biden administration rule will soon take effect that will result in thousands more firearms dealers across the country running background checks on buyers when selling at gun shows or other places outside of brick and mortar stores. Golfers have had to wait for the start of the masters at Augusta National in Georgia. The AP's Jeff Martin reports these are far from ideal conditions for golf. The National Weather Service Office, which covers Augusta, has issued a wind advisory and they expect gusts of up to 45 miles per hour. John Rahm is defending masters champion. This is AP News. I'm Damian Treisi and this is Markets in a Minute. Stocks held steady in early trading on Wall Street Thursday. The S&P 500 rose 0.2%. The Dow Jones industrial average rose 56 points and the Nasdaq rose 0.4%. Treasury yields eased to relieve some of the pressure on stocks. A government report on inflation at the wholesale level was slightly cooler than economists expected. It follows a hotter than expected report on consumer prices Wednesday that heavily weighed on markets. Sovereignty hot inflation has tempered expectations for the Federal Reserve to cut interest rates this year. The European Central Bank left its key interest rate benchmark unchanged. Damian Treisi, New York. In an attempt to protect young people and combat sexual extortion, Instagram says it's adding new tools that include a feature to automatically blur nudity and direct messages. Instagram and other social media companies have faced growing criticism for not doing enough to protect young people. I'm Ed Donahue, AP News. When everyone is on the same page, getting things done at work is easy. No matter what you do or what industry you're in, how you communicate is key. Everything you type is equally important to collaboration and Grammarly can help. Think of it as your AI writing partner empowering you to communicate effectively and efficiently so you can make a bigger impact in the workplace. 96% of Grammarly users say it helps them craft more impactful writing. And as the gold standard of responsible AI, Grammarly is your secure AI writing partner that allows your team to make their point and move faster. By understanding your writing and context, Grammarly provides relevant, personalized suggestions. And with tone suggestions, you can navigate even the most difficult work conversations. You can also save time from spending hours editing drafts to just seconds with one click. Sign up and download Grammarly for free at Grammarly.com/podcast. That's g-r-a-m-m-a-r-l-y.com/podcast. Easier said, done.