Thursday, December 19th, 2024 - SCOTUS take TikTok case; Fed rate cut; Gov’t shutdown; Cheney targeted; CA bird flu outbreak

Morning Announcements

Today’s Headlines: The Supreme Court will decide if a law banning TikTok by January 19 unless sold to a U.S. company violates free speech. TikTok and content creators argue it does, while the government cites security concerns over Chinese surveillance. The Fed cut interest rates by 0.25% but warned of fewer cuts in 2025, raising inflation projections. Markets reacted sharply, with the Dow dropping over 1,100 points. A government shutdown is likely as President-elect Trump opposes a stopgap funding bill. Meanwhile, the House Ethics Committee plans to release a report on Matt Gaetz, and Rep. Barry Loudermilk is calling for Liz Cheney’s prosecution over her January 6th work. Finally, California declared a state of emergency over a bird flu outbreak hitting dairy cattle, now spread to 16 states. The CDC reported the first severe U.S. human case in Louisiana.

Resources/Articles mentioned in this episode:

• WSJ: Supreme Court to Consider TikTok Ban
• Axios: Fed lowers rates, signals fewer cuts ahead in '25
• AP News: Stock market today: Wall Street sinks after Fed signals fewer rate cuts in 2025
• Axios: Trump opposes Johnson's spending deal to avert government shutdown
• WA Post: House Ethics Committee set to release investigation report on Matt Gaetz
• AP News: Republicans side with Trump after Jan. 6 investigation, target Liz Cheney
• NY Times: California Declares an Emergency Over Bird Flu in Cattle - The New York Times
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Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson

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