The Writer's Guild of America and the Alliance of Motion Picture and Television Producers are set to meet today in an effort to move contract discussions along and end the ongoing strike. Cheddar News senior reporter Michelle Castillo has the latest on both sides of the contractual talks.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.