• 2 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why social media apps maybe come with a warning label.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:05Disinflation is the buzzword for the day.
00:07That's when price gains are slowing instead of outright falling. Such is the case with the latest inflation numbers.
00:14Consumer prices rose just 0.2% in August according to the Labor Department,
00:19matching the prior month's gain. The CPI is up 2.5% from a year ago in the slowest annual gain in
00:26three and a half years. The Federal Reserve will take that into consideration when it meets in September.
00:34Turning now to other headlines,
00:35attorneys general from 42 states from both sides of the political aisle are
00:40banding together to demand a warning label for social media sites in order to protect kids. In a letter to Congress,
00:47the state officials wrote, quote, as state attorneys general,
00:51we sometimes disagree about important issues, but all of us share an abiding concern for the safety of the kids in our jurisdictions and
00:59algorithm-driven social media platforms threaten that safety.
01:04Specifically, the group pointed to what it referred to as a growing body of evidence
01:08linking social media addiction for young adults and a mental health crisis, quote, including depression,
01:15anxiety, and suicidal ideation.
01:17These state top cops are urging the federal government to step up after many of their states have done all they can to limit social
01:25media. The letter to Congress follows up a June New York Times op-ed from Surgeon General Vivek Murthy,
01:30who wasn't shy about comparing the harmful effects of using TikTok,
01:34Instagram, Facebook, Snapchat, and other apps to the harm done by smoking cigarettes.
01:41That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittins with The Street.
01:47You

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