Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
A high of 72000 backed up just a little 724. That is a stand on the financial market. Now this. After the state of the union speech, democrats should be doing cartwheels, thats according to the washington post, they thought biden laid to rest the idea that he was too old for the job, he is jacked up performance reversed worries about his cognitive decline, wishful thinking. A harris poll taken after the speech reveals 59 of voters, 63 of independents believe the speech was divisive, worse than that 57 of voters, 67 under present thought it raised questions about his age. Tuesday a semi outpouring of democrat and Media Support after robert hur testified before, grace. The democrats insisted he had been exonerated in the documents case and robert hur was out of bounds when questioning the president s memory. The white house, case closed. No its not, the president was not exonerated, that were does not appear and robert hurs report. What emerged from the hearing is bidens decline has gone
Paradise lost, the death toll rising on maui, at least 36 People Killed with many others still unaccounted for. An Historic Town burned to the ground. This morning, the race to evacuate thousands of homeowners and tourists. And the heartstopping moment one Group Desperate to flee is suddenly surrounded by flames. Go go the very latest in a live report. Deadly confrontation. Were learning more this morning about the fatal fbi shooting of a utah man accused of threatening to kill President Biden just hours before his visit to the state. This morning, the disturbing images and messages that led agents to the suspect. Murder for hire. New details on the case against a georgia woman accused of plotting to kill own husband. What prosecutors in the bahamas just revealed during her First Court Appearance. Cause for coconcern. Popular drugs for acid reflux now being linked to a higher risk of dementia. Just ahead, what the millions of americans who rely on them every day need to know. Those sto
Here. S p 500 just flipping into the green. Really trying to shake off that third day of declines today. The nasdaq 100 still down more than. 1. You have the twoyear yields up about one basis points now, just under 470, very volatile. And then you also have crude oil still above 85 here, still up. 8 at the highest level since october. And we have some breaking data and Michael Mckee has the details. Life would be a lot easier if we didnt have contradictory situation coming in. So not as big of move down in prices paid for services as we saw a move up in the prices paid for manufacturing. The only people that cared about is im employment in the service ism employment. We are seeing some contraction in employment in the services of business. All in all, this is a good report but slightly weaker than it has been and that sort of breaks this chain of strong reports that we have seen all week. Sonali just as i was on the board there, you had twoyear yields above 73 for a moment there, getti
World. And welcome to hannity. Wow. What a day in court. Well get to that in a minute, by the way. Joe bidenll gt in as, Phony Pre To Restore The Soul Of America is now more laughable than ever. This weekend, the selfproclaimed healer of Soul Screaming and yelling at Morehouse College graduates in one of the most divisive speeches ever given by a us president. Take a look. What is democracy . Betrayal a broken promises broke still laid back. Black communities behind robert kagan, caves best friend and mentor. Anyway, coming up, well do what the media mob wont do. Well call the out the lies, th the smears, the hatred. Well play an unusual momenthatr where, well, joey seemed to believe that he was Vice President During Ve He Wa Beginning of the pandemic covid, and that obama sent him to detroit justl. To solve the problem. Also tonight, a tutorial from senator marco rubio. How every republican needs n to handle the hostile media mob. In an intervieeew. Heres a sneak peek. Te Hillary Clin