Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th
The eighth. Are you ready for a really nice friday . I am hoping for one. Lets just do a repeat of yesterday. Lets do that. Well, steves right here. Its cold, but itll be nicee weekend, thats for sure. A lot of 30 showing up here. Have it n good authority. Its 36 and palo alto 37. There are many. I mean, i think the coldest i saw was orinda and Boulder Creek at 35. Maybe youre backyard thermometers. Cold. Enjoy today. Get out and do what you have to ride the bike. Play tennis, pickleball, golf, whatever because that system will swing in tomorrow for increasing clouds. But you can cover me in sunshine today because thats what well have only a few patches of fog. Pretty good breeze in the hills, but it will be sunny for all 60s on the temps, a few pushing the mid upper 60s. All right. I dont think he the desk, but maybe he could. Friday lights still or something new. It is friday light and i think after some of the commutes we had this week, steve, some oe more day because it looks great
So all right lets go. Today is perfect. Good to go. So a lot of people out on the golf is your. Its a little its a little cold out there for some. There are some 30s out there. Santa rosa is in there. Palo alto y enjoy today. Why whats going on . Oh, there you go. Theres your weekendn itll start to cloud up and well get some rain out of that. Highs today in the 60s. All right. 4 00 in the morning i guess the thursday Morning Social Club was outuyesterday because it was smooth sailing this morning. It is a smooth sailing on a friday. Steve you know that. And right now we have nothing but hitting the roads. This is a look toll plaza. It looksuvery nice. And on friday sometimes people take a break. Maybe they have the hit the road. But right nowthey theres as steve mentioned, theres not a lot going on. This is a look at interstate eight. 80 people are on their bicycles, though. Those stationary bicycles watching us. I hear from people all the time. Im on my bike watching you. And this is
Based manipulative buttons. Princess catherine, apologize. The i feel very welcome to the program. The swedish flag is not flying, not nato headquarters in brussels as the country sweden is formally welcomed as the alliances 30 seconds. Remember, its location, military power and experience in dealing with the rush. I mean its membership is important to boost for the block. Its also a big step for sweden, which is turning its back on 2 centuries of neutrality of the swedish flag raised for the 1st time outside nays. Her head causes, following its neighbour of finland, sweden has become the 32nd member of the alliance. At the ceremony in brussels, swedens Prime Minister laid out the nordic nations reasons for leaving behind its history of neutrality. The security situation in our region has not been the serious since the 2nd world war under russia will stay a threats to you. Atlantic security for a foreseeable future. It was in these light, sweden applied to join the native Defense Allia
Were looking at markets moving into the mid morning. Parts of the morning session and we are not getting a lot of momentum coming through, not surprisingly so, given the momentum we have had across various parts of the equity markets. They just one the latest one to join in as the equity shares. We are back to session lows. The hang seng is zero point 3 . Other things we are tracking of course is the move up in treasuries and ironically speaking, of course, given that it may be in the outlook on treasuries, optics wise given the ratings downgrade, unexpectedly we are seeing that ironically going back into the treasury. Rishaad absolutely. This is a haven which is the one which is effectively being downgraded. There are other things at work here. We have refunding projects for wednesday skewing higher. The treasury barring estimates on monday. Financial and Corporate Bonds issuance lower. There are lots of things supporting the treasury market. This is a catalyst ideally i guess with re