 A key indicator shows inflation has slowed to its lowest annual rate in over three years. The personal consumption expenditures price index rose by 0.1% for the month and was up 2.6% from a year ago. The year-over-year number is down 0.2% from its April level. A bullet train line connecting Los Angeles with the San Francisco Bay Area is a big step closer to being built. Daniel Martindale has the details.