CNN 5 Things 6 PM ET: Dow dives, hopes for a ceasefire, sauce in the spotlight & more
Dec 18, 2024
The Dow's dramatic plunge of over 1,100 points raises eyebrows amid fears over the Federal Reserve's interest rate moves. Meanwhile, political tensions simmer with the GOP's shaky funding plans and talks of a possible ceasefire in Gaza. On the culinary front, a new KFC spinoff aims to catch the attention of Gen Z with trendy sauce offerings. Plus, President Biden is reportedly making moves on climate action as he approaches the end of his term.
AI Snips
Chapters
Transcript
Episode notes
Dow Jones Tumbles
- The Dow Jones fell over 1,100 points, its longest losing streak since 1974.
- This drop follows a disappointing outlook from the Federal Reserve.
Federal Reserve Outlook
- The Federal Reserve cut interest rates but signaled potential further increases, worrying investors.
- They also raised their inflation forecast and don't expect to hit their 2% target until 2027.
Government Funding Plan
- Trump criticized the GOP's government funding plan, and Elon Musk urged Republicans to vote against it.
- The bill includes disaster aid, farm relief, and other provisions causing concern.