IBM’s vice chairman: “Inflation has a compounding effect, meaning as you look at inflation year-over-year, you’re adding up those numbers.”

10 people were shot in 4 separate incidents today in D.C.; the victims are 2 children, 2 women and 6 men. 2 of the men have been pronounced dead. #MPD

Gas prices in U.S. over past 3 months

Gas now up 50% from day Biden took office

*US SEES MISSILE STRIKE ON ISRAEL BY IRAN, PROXIES AS IMMINENT

Bloomberg

The Armed Forces can’t and won’t be intimidated.

Those inside Ministry of Defence 🇬🇧 stand up to dictators & terrorists every day - patriots, many of whom put their lives at risk to protect us all.

Those targeting us today are the opposite, cowardly criminals who I’m glad to see arrested.

GasBuddy:

Over the last three months core CPI has risen at a 4.6% annual rate. That is faster than any three month period from August 1991 to 2020.

Over the last twelve months core CPI has risen 3.5%. That is faster than any twelve month period from February 1993 to 2020.

It's hard to overstate what a crisis the surge in car insurance and car repair is.

Over 90% of US households own a car.

Vehicle insurance is up +22.2% in the past year -->The largest jump since 1976

Vehicle repair is up +11.6%

Inflation was 3.5% in the past year --> highest since September.

Here are key items really driving inflation now
Car insurance +22% in past year
Car repair +12%
Baby formula +10%
Veterinarian +10%
Rent +5.9%
Electricity +5%
Restaurants +4.2%
(Gas up 1.3% in past year)

Hamas has largely rejected a U.S. plan for a temporary cease-fire in Gaza and plans instead to put forward its own road map for a permanent end to the six-month-old conflict with Israel on.wsj.com/4cUk68r on.wsj.com/4cUk68r

New pod: School absences 'exploding' across America

Some will say this is about COVID politics & school closures. But this crisis defies easy narratives. See below: Truancy is up in all kinds of districts: rich/poor, high-/low-remote.

Something deeper is happening.…

White House: President Biden spoke by phone with UConn coach Dan Hurley to congratulate him on winning the national championship

For the first time: families of non-American Israeli hostages were invited to meet with senior officials at the White House. amos hochstein had a meaningful meeting with them. They also met Brett McGurk and Jen Klein.

U.S. Government Transfers Captured Weapons

On Apr. 4, 2024, the U.S. government transferred over 5,000 AK-47s, machine guns, sniper rifles, RPG-7s and over 500,000 rounds of 7.62mm ammunition to the Ukrainian armed forces. This constitutes enough materiel to equip one UKR BDE…

Such an attack would be the first by Ukrainian forces in the Russian territory of Kaliningrad

#BREAKING : Netanyahu: Israel has set a date for the start of the Rafah operation: 'It will happen - there is a date.'

Container ship's engines die outside NYC, comes to stop near Verrazzano bridge trib.al/iGqLz79

“Free riders aggravate me,” Obama 2016.

10 years in development…