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This is WBZY, Boston's news radio, redefining local news.
Sunny, forty two degrees good Wednesday morning, eleven o'clock on Laurie Kirby. We start this hour with news on the economy. New numbers show inflation slowed last month for the first time since September. ABC Jim Ryan reports.
Americans last month, we're paying two point eight percent more for just about everything than they were in February of twenty twenty four. After days of heavy losses, a CPI report showing a accelerating rate of inflation pushed the stock market higher. Got to dig into the numbers, finds egg prices nearly sixty percent higher than a year ago.
The Fed is expected to keep its benchmark rate steady the next time they meet, at least until they see the economic impact of the Trump Administration's tariffs that went into effect this morning, and the world is reacting. President Trump's twenty five percent duties on steel and aluminum went
into effect overnight. In response, Canada just announced tariffs on US imports that will cost more than twenty billion dollars, while the EU this morning announced new duties on farm and industrial products from the us ABC's Mary Bruce with Moore on the Tit for Tat overnight.
The next wave of Trump's tariffs taking effect twenty five percent on all steel and aluminum imports. It comes after
a roller coaster day of threats and retreats. Trump vowing to double that twenty five percent tariff to fifty percent on steel and aluminum imports from Canada after Ontario said it would start taxing electricity coming into the US, but the two countries then walking back those threats for now, But economists warned that American businesses will pay for those tariffs and pass costs along to consumers by raising prices.
The Dow is down three hundred and forty five points right now, all three major indices. You know it's doing well. Gold selling like gangbusters, Bloomberg Business news coming up. New Hampshire Senator Jean Shaheen announces she will not run for her fourth term next year. The Democrat has held her seat in the Upper Chamber since two thousand and nine. It comes at a precarious time for New Hampshire Democrats.
Last fall, granted, state voters supported the Harris Waltz ticket and sent Democrats to Congress, but They also elected a new Republican governor and bolster the Republican majority in the state legislature. A former Republican Massachusetts Senator, Scott Brown, is already said to be eyeing Shaheen's seat. Police arrest protesters in New York demanding the release of a Columbia University grad student arrested by Ice ABC's Reagan Meggie with the updates.
Mamu Camille basically is a permanent US resident. He also is a supporter of the pro Palestine movement, and the government is accusing him of basically siding with terrorists. Khalil has led demonstrations against Israel's war in Gaza, which rocked Columbia's campus last year. Khalil's attention over the weekend has prompted protests across the city.
Khalil has a green cart, but the White House wants to deport him for allegedly supporting Hamas nice sunshine out there a little bit cooler today. We knew that we are in the forties and we'll go up to a high of forty seven. I'm seeing forty fours are high out there right now, but lots of sunshine.
Obby.
It is kind of a milky skyline. It's not that pristine blue. And this is ahead of a little rain or snow tonight. Okay, So that is still in our forecast, which is a little blast of winter. Winter's final days, bringing us some snow tomorrow, much like today, but cloudier and Friday just peaks of sun, same temp warming it up big time this weekend though, Saturday and Sunday we're eyeing sixty degrees on both days. There are some exceptions.
We'll run those down for you in a little bit, but again very very mild, a little bit wild though with some thunderstorm on Sunday. Okay. So the budget acts falls hard and cuts hard. In Boston, federal education workers are being laid off in this city and around the nation. Wbz's Madison Rogers has worn.
Every single worker at Boston's Department of Education branch is being sacked, and it's the same story for branches in several other cities. DOE Secretary Linda McMahon just announced layoffs, impacting close to half the department's four thousand odd workers.
The secretary says the move will ensure resources are directed to where they matter most, students, parents and teachers, it's a step toward dismantling the department altogether, a move, the governor says, would be devastating, especially for the highest needs students. Massachusetts gets more than two billion dollars in education funding a year, going to things like special education and helping pay teachers in low income districts. Madison Rogers WBZ Boston's News Radio.
Tesla Vendel's strike again in Denham. President Trump vows to label any violence against tes Law or any other company is domestic terror. Dead on police Hey for the second time in weeks, vandals targeted the Root One dealership. These are protest vandalism targeting Tesla and its owner. Elon Muscazie slashes federal jobs nationwide as head of Dog Many Charlestown residents a plans for new pro soccer stadium, and ever it will do the more harm than good.
The mere mention of this new soccer stadium plan to people in Charlestown will elicit a similar response, it's terrible, free discouraging. Bethany and Mike both attending this week's town hall meeting with Mayor Michelle wou where they expressed frustrations that they will incur all the noise in traffic from this new stadium.
But what's the benefit.
Doing something this big.
It takes sacrifices, but when it kind of puts a vampro on the business, it just makes it very frustrating.
Mike thinks it's actually going to hurt some businesses around Sullivan Square. We're still quite a ways off from construction in this project being finalized, but the new home across from the Encore looks like a go and not everyone's happy about it. In Charlestown, JIMMICKAWBZ Boston's News Radio.
Saint Thomas Moore Church in Braintree is being torn down. Of course, it closed in twenty twenty two after serving the local Catholic community for more than eighty years. What's next age restricted condos if it gets the proper approval. You are now in the loop for news updates throughout the day. Listen to WBZ News Radio on the iHeartRadio app on Laurie Kirby, WBZ Boston's News Radio