Monthly inflation is down for the first time in more than two-and-a-half years. We talk to traders about the report. The White House says the president does not support banning gas stoves, after an official said he’s thinking about it. House lawmakers come together to block China from buying oil from America’s emergency stockpile. Microsoft is…
NTD Business (Jan. 12): US Inflation Slows in December; House Passes Bill to Block SPR Oil Exports to China
January 12, 2023
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NTD Business (Jan. 11): House Bill to Abolish IRS Introduced; FAA System Outage Causing Flight Disruptions
Chaos emerges at airports across the country after an overnight system outage disrupted travel, delaying thousands of flights. A bill to abolish the IRS has been introduced in the House. We talk to one Republican congressman and ask him what’s behind the idea. New York’s governor is pushing to ban natural gas heaters and appliances in…
NTD Business (Jan. 10): Scott Gottlieb Pushed Censorship: Emails; New Proposal to Lower Student Loan Payments
President Biden is moving ahead with a plan to lower student loan repayments, but critics warn it could cost taxpayers more than expected. The latest Twitter Files drop seems to show Pfizer board member Scott Gottlieb pressuring Twitter to censor tweets. All the tweets went against the government’s vaccination goals. A new report shows Americans finding…
NTD Business (Jan. 9): White House Caused Big Tech COVID Censorship: Lawyer; 7,000 Nurses Go On Strike in NYC
New emails show the White House allegedly instructed social media companies to censor certain information about COVID vaccines. We hear from a lawyer involved in the lawsuit against the federal government. Thousands of nurses go on strike in New York City. Why? And what does a nurse strike mean for patients? A U.S. safety agency…
NTD Business (Jan. 6): US Added 223,000 Jobs in December; New Auto Sales Lowest in a Decade
The new jobs report released Friday shows the U.S. economy added 223,000 jobs. An economist tells us this report is exactly what the Fed wants to see. New auto sales are at their lowest in a decade. Why? And how does the future look for car prices? Over 200 million Twitter users have had their private…
NTD Business (Jan. 5): Bed Bath & Beyond Says It May Not Survive; Amazon to Lay Off More Than 18,000 Workers
Bed Bath & Beyond is warning it’s considering bankruptcy. Why is it running out of cash? Amazon is planning to lay off thousands more workers. Which units will be affected? Public schools lost over 1 million students during the pandemic. The drop coincides with a wave of school closures. At a tech show in Las Vegas,…
NTD Business (Jan. 4): Fed Not Expected to Cut Rates This Year; Members of Congress Beat the Market, Again
January 4, 2023
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The Federal Reserve remains focused on fighting inflation, despite warnings of a looming recession. New meeting minutes Wednesday confirm there won’t be rate cuts this year. Members of Congress have once again beaten the stock market. Many traded in large volumes and in the millions of dollars. Do they know something we don’t? The Chinese…
LIVE NOW: NTD Business (Jan. 3): Sam Bankman-Fried Pleads Not Guilty; Kentucky Puts Banks on Notice Over ESG
FTX founder Sam Bankman-Fried pleaded not guilty to all eight counts against him. This set off a lengthy legal battle, with Bankman-Fried’s freedom on the line. Kentucky is putting big banks on notice—saying if they don’t stop boycotting fossil fuel companies, the state will pull its money out. Chaos emerges in the House of Representatives,…
NTD Business (Jan. 3): Sam Bankman-Fried Pleads Not Guilty; Kentucky Puts Banks on Notice Over ESG
FTX founder Sam Bankman-Fried pleaded not guilty to all eight counts against him. This set off a lengthy legal battle, with Bankman-Fried’s freedom on the line. Kentucky is putting big banks on notice—saying if they don’t stop boycotting fossil fuel companies, the state will pull its money out. Chaos emerges in the House of Representatives,…
NTD Business (Jan. 2): IMF: Recession Likely for One-Third of World in 2023; Drugmakers Hike Prices
The IMF is warning of tough times ahead for the global economy this year. What is it predicting for the US, Europe, and China? To start off the new year, drugmakers are hiking prices on around 400 different drugs. Big increases on drugs that treat cancer and arthritis. Elon Musk takes a jab at famous American…
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