Higher than expected. Plus tesla shares, well, they continue to have a very rocky ride this year. In fact, they are the worstperforming stocks so far on the s p for 2024. Another firm cuts their price target on that stock. And former treasury secretary Steven Mnuchin telling cnbc just last hour that he is putting together an Investor Group to try to buy tiktok or the u. S. Business of tiktok. Lets begin with the Market Reaction to ppi and retail sales as well. Last months decline, a little bit tight. As you mentioned, the market trying to look past it, struggling to do so, maybe. Cpi this week, you had these big treasury auctions that maybe we thought it would knock the market potentially off course. Now, there was a hiccup lower in the indexes, and bonds definitely are registering this hotterthanexpected inflation number. Tenyear up to 4. 22 . If this were an acutely feddependent stock market, it might matter more on a daytoday basis to equities. Its not been the case. If you dial bac
Peter bowes has moran if this came as a surprise. Has more. I think it was inevitable that this would end up in the Supreme Court. Donald trumps claims averted been rejected by a lower court and he claims he is immune to this kind of criminal prosecution because he was president at the time. This relates to the allegations that he tried to overturn the result of the 2020 election and mr trump faces multiple charges including one that he conspired to defraud the come of this was a trial does do to start very soon next month and it is been delayed and it is now on hold reading from the Supreme Court that they intend to hear arguments in april, the third week of april and a decision expected at some point injune and we know now that this trial, if indeed it goes ahead, it will not be happening until at leastjuly and were getting into Political Convention season in the election is looming in november and one of donald trump tactics has always been to try to delay these Legal Proceedings ag
Special counsel jack smiths team has now charged both with multiple crimes. Including conspiracy to obstruct justice. If convicted, they couldve face yearslong prison sentences. In the district courthouse in washington, d. C. , we will be awaiting for another possible indictment in the investigation into trumps attempt to overturn the 2020 election. And two new developments today. First, according to the Washington Post, trumps pack to save america spent about 40 million in the First Six Months of 2023 covering his legal fees in some others in his orbit. Also, an internet for one of the maralago employees named in a superseding indictments alongside former President Trump said he had not secured a floridabased lawyer ahead of the First Court Appearance and miami on monday. Later on the show, two stories i need you to stick around to hear. One, a major milestone celebrated by one of the biggest black sororities in the country while a black fraternity is moving its annual convention out
But the Supreme Courts decision to take up the case could delay it beyond the election in november. Earlier, i asked our North America correspondent peter bowes if this announcement comes as a surprise. I think it was inevitable that this would end up in the Supreme Court. Donald trumps claims averted been rejected by a lower court and he claims he is immune to this kind of criminal prosecution because he was president at the time. This relates to the allegations that he tried to overturn the result of the 2020 election and mr trump faces multiple charges including one that he conspired to defraud the come of this was a trial does do to start very soon next month and it is been delayed and it is now on hold reading from the Supreme Court that they intend to hear arguments in april, the third week of april and a decision expected at some point injune and we know now that this trial, if indeed it goes ahead, it will not be happening until at leastjuly and were getting into Political Conv
Youve been waiting all week to get to the weekend, and now we have arrived. Good morning. Welcome to cnn this morning. Its saturday, july 15th. Im Victor Blackwell. And im rahel solomon in for amara walker. Victor, good to be with you, my friend, even if remotely. Even if theres distance between us, its good to have you on the show. Coming up, scorching hot temperatures and dangerous conditions, now 45 Million People are under heat alerts this weekend. Well tell you whos going to see the worst of it. A pizza box and Burner Phones. A cold case gets cracked over after decades. How authorities track down a string of killings in new york that went unsolved for years. I worry that its going to go on for a long time. I hope that its not. Right now we cannot make a liveable wave on what were living. And hollywood grinds to a halt as actors join writers on the picket line. How long it could go on and what it could mean for your favorite shows. And the Mega Millions jackpot soars again. We tell