Thursday, May 16th, 2024

Today’s Headlines: Hundreds of thousands of Gazans are evacuating Rafah as Israel expands its operation there. Despite US and EU discouragement, the Biden administration plans to provide over $1 billion in military aid to Israel. Secretary of State Antony Blinken announced $2 billion in new military financing for Ukraine as Russia advances towards Kharkiv. In other news, President Biden proposed a debate with former President Trump, accepted for June 27th, moderated by CNN's Jake Tapper and Dana Bash, with a second debate on September 10th hosted by ABC News. While details are being discussed, both campaigns have expressed concerns about the Commission on Presidential Debates. Defendant Donald’s trial continues, and Senator Bob Menendez's bribery trial began. April’s inflation report shows CPI rose by 3.4%, slightly less than March, but still above the Fed's target. The Fed is unlikely to lower interest rates before fall. Resources/Articles mentioned in this episode: Reuters: Blinken offers new US aid as Kyiv reels from renewed Russian attacks NBC News: Biden and Trump agree to debates in late June and September  NY Times: Robert Menendez ‘Put His Power Up For Sale,’ Prosecutors Say in Senator’s Trial  Axios: Finally, some relief: Inflation and retail sales reports point to cooler economy  Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices