Iran-backed rebels in Yemen captured the strategic Perim Island in the Bab al-Mandeb Strait on Friday, two Yemeni government sources told CNN, potentially expanding Tehran’s influence over another key global shipping route. Meanwhile, The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. 0:00 Prices continue to rise as inflation worsens 3:26 Panel discusses inflation's effect on American consumers 6:15 The reality of President Trump's $5,000 promise 8:49 Trump tells Republicans to "cheat like hell" Watch 24/7 live news with CNN Headlines:…
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World leaders shared their economic concerns at the G20 summit amid rising inflation. Also, a global sell-off of bond yields is stoking more fears. MS NOW Business Analyst Ron Insana and President of the Budget Lab at Yale Natasha Sarin join Katy Tur to explain more.
President Trump says his Venezuelan oil deal will restore national oil reserves and bring down fuel prices. MS NOW Senior White House Correspondent Vaughn Hillyard, staff writer for The New Yorker Susan Glasser, Politico Playbook co-author Dasha Burns and Vice President of General Economics at the Cato Institute Scott Lincicome join Stephanie Ruhle to discuss the major questions surrounding this deal.
Canadian Prime Minister Mark Carney vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs on steel, dairy, appliances, agricultural equipment, pulp, paper and electronics. Economic experts spoke to CNN about the potential effects of these tariffs on both sides of the border. 0:00 What does Trump want from this trade war? 3:00 All the items Canada plans to tariff 5:19 How badly will these tariffs hurt American and Canadian consumers? 8:50 US and Canada involved in “economic warfare” Watch 24/7 live news with CNN Headlines:…
