and with a little help from artificial intelligence, beatles fans can expect a new track from the fab four more than 50 years since they last recorded together. former president donald trump is celebrating his 77th birthday today as a source inside the trump camp tells nbc news he is bracing for the possibility of more indictments. trump was defiant and insisting he did nothing wrong as he rallied supporters at his new jersey golf club last night. just hours after he pleaded not guilty to charges he lied and schemed to hold on to sensitive national security material, he was supposed to turn over when he left the white house. earlier this morning, former vice president mike pence who was challenging trump for the republican presidential nomination spoke out about the indictment. the very prospect that what is alleged here took place creating an opportunity where highly sensitive classified material could have fall noon the wrong hands, even inadvertently, that jeopardizes
it s how you use your radar. we typically are focused on things that are moving fast. and so it s a bit more difficult to collect on slow moving objects like a balloon. and as they made adjustments, they were able to seize that. the secretary of defense giving an explanation for the string of unidentified objects over the northern united states. it comes as president joe biden may address today how his administration will deal with other objects in the future. also happening this morning, we ll get our first look at pieces of the grand jury report investigating donald trump s attempts to overturn the 2020 election results in georgia. and meanwhile the former president s only challenger so far in 2024 kicks off her campaign with comments about her former boss and president biden that are getting a lot of attention this morning. good morning and welcome to way too early on this thursday, february 16th. i m jonathan lemire. thanks for starting your day with us. president j
that s important because it is the smallest annual rate of inflation for business or wholesale prices since december of 2020. now, if you strip out the effects of food and energy, they re more volatile. that so-called core ppi was up just .2% for the month. and up around 2.8% year over year. so, headline producer prices are falling. core prices are rising modestly. what that does imply is that business level inflation is falling from a headline perspective because of lower fuel and lower food costs. what this also ind ca indicates we re seeing a good amount of the inflationary pressure we saw in the supply chain because of the pandemic and supply chain issues, we re seeing signs of that easing, meaning, jose, at the retail or consumer level for us, we might see a little bit more relief in the coming months and quarters because up the supply chain things are getting better in terms of price.
yeah, so a little hint of green is what we re seeing across that market picture. of course that interest rate picture is really the key focus for a lot of investors even despite the subpar perhaps if you want to call it that earnings season we have seen out of the united states as well, a lot of the s&p 500 companies missing a bit, that ppi number a bit later today set to be the key focal area. core ppi around 0.3%. if those numbers continue to rise, of course, it does mean it continues to have the kind of room they would need to continue to hike interest rates perhaps at a little bit more than just the 25 basis points, or they might hike and keep rates at those levels for a little longer. so arabile, americans still shopping despite the afore