INFORMANT

TRANSCRIPT

The Operator: Welcome to THE WIRE. The tape has no soaring, only prints. Let's read what came in.

The Operator: According to CNBC Markets, the Bank of England holds rates at 3.75 percent despite rising inflation.

The Operator: Governor Andrew Bailey warned that persistent volatility could eventually force a hike to bring inflation back to its two percent target.

The Operator: But the pressure is mounting. CNBC Markets reports that U.K. annual inflation jumped to 3.1 percent in August, the first reading above three percent since March.

The Operator: This increase was driven by motor fuel costs which surged 23 percent year over year, pushing gasoline and diesel prices to their highest levels since late 2022.

The Operator: Meanwhile, in the markets, CNBC Earnings reports that J.B. Hunt Transport Services shares fell sharply after a some number earnings warning.

The Operator: The company warned that earnings would decline between five and 10 percent.

The Operator: The CFO attributed this drop to higher costs for recruiting, bonuses, and record-high diesel prices.

The Operator: That is all for tonight. The tape waits.

The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not.