Link, hightower chief investment strategy, cnbc contributor and pretty good golf im told. Hmm not so much. Good to have you on how do you review inflation data and did it change any of your expectations about race, the fed, the markets and it didnt change my thoughts. We are making progress, though, brian, on the numbers. Right . Look at, say, cpi, 4. 7 year over year, 6. 6 at peak. Making progress. The problem, rents are still sticky, 99 of cpi shelter. And increased. 5 from. 4 number is getting to 2 where the fed wants get to to for cpi. A long ways off. Then look at, by the way, you follow energy really close right . Look at ppi numbers today. Acceleration month over month in headline number. Nots even including the 24 gain in Energy Prices from the june lows i think next month, next couple of months, youll see elevated ppi numbers. Then add in the economy, which is a real bright spot. Nobody thought we would see gdp accelerate each quarter this year everyone said beginning of the y
Caroline i am caroline hyde. Ed im ed ludlow in San Francisco. Caroline full earnings coverage or had. We have cisco its outlook conservative we will hear from the cfo. Ed walmarts results posted big jump in its online business. Caroline we will be sitting down with start up perplexity to discuss complexity and the search place. Nasdaq out of new record high. Global stocks still raise higher in the Economic Data gives us confidence but will the agency be able to cut . 10 year flat. This is a risk on day. We have seen, down on the day at 65,000 level. Its not all risk on n. End. Ed walmart is up 6 . This story is a search on growth in its online business. We will go to j wolf to talk about that. Cisco is now down 2 in its outlook was seen as strong. We are going to hear from the cfo to break down the networking gear. We come to china. Jd. Com we are learning who the winners and losers are in the ecommerce space. Ali baba is up, why . Jd. Com number one and ali baba number two. Caroline
People. Its not their fault that this happened. And i do think this. Etc. Personally the faster we can get it open, our country, can you believe were talking about our country, the faster we get it open, the bigger the rocket ship going up. I think it has a chance to go really quickly, relatively quickly. I would like to see very quickly, but part of the stimulus and part of what were doing, that will help it. And the nice part is were paying practically zero interest rates. Were paying very little. Its one of the reason i like the infrastructure bill. We have a strong dollar. And the advantage to a strong dollar is everybody wants to invest in this country. They all want to buy our dollar. In terms of time line . A couple weeks. Thats what im hearing. I wanted to follow up on that questi question. We discussed it with the staff. Fda approved it. Which is another point its been aproved by fda. Which is very important. If this turns out not to work, are hospitals and doctors going to be
Something terrible from his past. In eight weeks we have had an uprising, a pandemic, and an economic shutdown and it is only halfway through the year. Who knows what is going to happen between now and november. For the moment, trump has shown an inability the rise to the occasion. Adam serwer, whose great piece can be found in the atlantic on line or i think in the print magazine. I dont know. Did we do that anymore. No, it is on line. Thank you. I appreciate it. All right. That is all in for this evening. The Rachel Maddow show starts right now. Good evening, rachel. Good evening, chris. I owe you one my friend. Thank you very much. Appreciate it. Thanks to you at home for joining us this hour. Time being the operative word there. I will tell you, speaking of time, i was initially scheduled to have today off from work. There is a small mouthed bass somewhere in range of my canoe that i urgently need to meet, and soon if i am going to maintain my sanity. But i dont have a day off toda
That jeffrey berman, attorney for the United States district of new york was stepping down. This was of course untrue. Mr. Berman had not resigned. The work of mr. Bermans office included a number of criminal investigations aimed at those close to President Trump. Among them the president s attorney, the president s inaugural president and rudy giuliani, the Campaign Advisor and direct live to kiev. The effort to remove berman is a part of a dangerous line of conduct that began when mr. Barr took office and continues until this day. Mr. Barrs actions made it clear that in his department of justice the president s allies get special treatment. President s enemies, real and imagined are targeted for extra scrutiny and the needs of the American People and the needs of justice are ignored. After the president s associate roger stone was convicted of obstructing justice mr. Barr overruled his career prosecutors and recommended a lighter sentence for President Trumps friend. In may mr. Barr