Consumer Spending Data News Today

good morning. im erica hill. we begin this hour with breaking news out of california. paul pelosi, the husband of speaker nancy pelosi, is hospitalized, we have learned, after he was attacked inside their san francisco home. cnns whitney wilde is joining us with some of the details. this is just unfolding as we are learning, some of the details, whitney, but so far what doe woo know and how is he doing? >> reporter: well, erica, it happened just two hours ago, 2:00 a.m., according to t...

>> stop me if you heard this before, but inflation continued to rise in the month of september. i hate to say it, but prices rose modestly, 0.3%. on a headline level, food and energy, those prices rose about half a percent. prices are about 6.2% higher than a year ago. of course, the fed who, by the way, they actually check this report a bit more closely than they do some of the other inflation reports. the fed would like that 6.2% number, erica, to be closer to 2%. thats the target. clearly a l...

This week, investors will be closely looking at consumer spending data. the manufacturing sector is in focus as well. there have been signs of weakening there which can be a red flag for the overall economy. >> if things continue to deteriorate and we start to see it morph into things like employment and wages, then its likely to impact the consumer sector. where were starting to see some signs of that is some of the more manufacturing oriented states. initial unemployment claims are picking up,...

To president trump, even in the last week. so i think the trade head lines right now are going to be remaining messy. and to your point, we did get the warning from the bond market and i would just make the point that there are two big risks here. one is the trade war intentions. two is that we have some kind of self-fulfilling prophecy. theres a danger that we talk ourselves into a recession here, particularly as far as the u.s. consumer is concerned. and as far as im concerned, we are not seei...

That we have. we just got personal data and consumer spending data today. in february, better than expected. the first couple months, the flow of economic data relating to the consumer has been better. home sales up. auto sales up. you see the green arrows there. all going in the right direction. now, throws being fueled by the fact that more people, we have two million more people working today than there were this time last year. housing prices are up which makes people feel more wealthy. the ...

Us where the economy stands now? i had a long conversation with somebody the other day about this, and there was a lot of optimism among id say the statistics guys in in that this is a real recovery. >> yeah, the tenor of the commentary has changed. youre absolutely right from a fragile recovery to an economy not out of the woods to one that is now seen more as a sustainable recovery with several asterisks attached to that comment. weve had better manufacturing data, surprisingly better consumer...