Consumers Pull Back Spending, From Luxury Goods to Convenience Stores

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• 00:03

  Vladimir Putin rejects a proposal for immediate ceasefire in Ukraine.

• 00:08

  Plus,

• 00:08

  a federal judge says the Trump administration must reinstate thousands of federal workers

• 00:13

  and possible cuts to Medicaid.

• 00:15

  Put startups and their backers at a crossroads.

• 00:18

  Investors will continue to show interest

• 00:20

  but will be a little bit more circumspect about making new investments in this area.

• 00:24

  It's Thursday, March 13th.

• 00:26

  I'm Alex Osoloh for the Wall Street Journal.

• 00:28

  This is the PM edition of what's News,

• 00:31

  the top headline and business stories that move the world today.

• 00:39

  Russian President Vladimir Putin said today

• 00:42

  that Russia wouldn't agree to an immediate end to the fighting in Ukraine

• 00:45

  as Moscow's army made rapid gains towards expelling Ukraine's forces from its Kursk region.

• 00:50

  He said that any pause in fighting at this point would be in Ukraine's interest and added

• 00:54

  that Russia wanted a truce that led,

• 00:56

  quote, to a lasting peace and the elimination of the root causes of the war,

• 01:00

  which which he described as a crisis.

• 01:03

  Putin's comments were Moscow's first official response to a U S backed proposal which Ukraine agreed

• 01:08

  to this week that would pause the war for 30 days.

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