Inflation Is REALLY BAD

This video from The Young Turks, hosted by John Iadarola and Trae Crowder, analyzes recent inflation data and the current state of the U.S. economy. Key points discussed include:

• Inflation Spike: The Bureau of Economic Analysis reported that Personal Consumption Expenditures (PCE) inflation reached 4.1% year-over-year in May (1:21-1:38). Even core PCE (excluding volatile food and energy costs) sits at 3.4%, nearly double the Federal Reserve's target (2:21-2:38).
• Political Rhetoric: The hosts criticize Republican Congressman Marlin Stutzman for claiming these numbers reflect a "strong economy," comparing his rhetoric to the intense criticism Democrats faced when inflation was similarly high during the Biden administration (0:36-0:51, 3:02-3:25).
• The Federal Reserve's Target: The video highlights a shift in how the Fed discusses its objectives. A clip shows Fed leadership focusing on the "left of the decimal point," which the hosts interpret as an attempt to shift the effective inflation target from 2.0% to 2.9% (6:05-7:54).
• Shrinkflation and Corporate Greed: The hosts discuss how inflation is impacting daily life, citing examples like "overstuffed" Pop-Tarts containing fewer pastries per box and smaller packaging for common grocery items (9:35-11:05). They attribute this trend to corporate greed and market consolidation (13:08-14:12).
• Energy Markets: Despite oil prices showing signs of cooling, gas prices remain high, which the hosts attribute to corporate price gouging and a lack of competitive market pressure (11:14-12:56).

Trump's affordability flop, Dems' 'secret weapon' & more | Enten roundup

In this roundup, CNN chief data analyst Harry Enten examines key political trends and data shaping the 2026 midterm environment, highlighting several challenges for the Trump administration and the Republican Party.

Key takeaways from the video:

• Affordability Concerns (0:00 - 2:59): Google searches for "affordability" have reached an all-time high, up 500% this week. This follows President Trump's decision not to sign a housing bill, leading to a majority of voters (55%) feeling he is not keeping his campaign promises regarding the economy.
• Healthcare as a 'Secret Weapon' (3:00 - 6:22): Healthcare is identified as Americans' number one financial concern. The Trump administration currently holds a 36-point net disapproval rating on healthcare costs. With the expiration of Obamacare subsidies earlier this year, Democrats currently hold a 21-point advantage on trust regarding this issue.
• Border Security (6:23 - 8:55): In contrast to other areas, President Trump maintains a positive net approval rating on border security (+2 points). Republicans hold a significant 16-point advantage over Democrats in voter trust on this topic, with increased public support for extending the border wall compared to Trump's first term.
• Democratic Socialists and Election Risks (8:56 - 12:26): While Democratic Socialist messaging is popular within the Democratic base, it remains highly unpopular with the general electorate (27 points underwater). Republicans see this as an electoral opportunity, especially as prediction markets suggest a 66% chance that six or more House Democratic incumbents could lose their primaries in 2026.

US inflation accelerates as Trump's tariffs take hold