Hollywood Writers Begin Negotiations With Alliance of Motion Picture and Television Producers
The Writer's Guild of America is set to begin negotiations with the Alliance of Motion Picture and Television Producers. Among items expected to be hammered out: watch per stream rates and the use of artificial intelligence in screen writing. Cheddar News senior reporter Michelle Castillo talked about what is expected to come out of day one of negotiations.
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.
