Maria good wednesday morning everyone. Thank you so much for joining us this morning. I am maria bartiromo, wednesday may 15, your top stories, 6 00 a. M. On the east coast. The big test that markets have been waiting for the april Consumer Price index revealed at 8 30 a. M. Eastern, features searching for direction ahead of the muchanticipated inflation reading after three straight months of hot showings of elevated inflation. We are all over it, all hands on deck with the best analysis and smartest conversation coming up with impact on the fed rates and prices we will all be paying coming up retail sales this morning as red lobster Seafood Restaurant declares bankruptcy and start liquidating stores commodities on fire, take a look at copper at record highs this week and trading higher once again up another 3 right now european markets are mixed and fractional moves across the board in the eurozone, same story overnight in asia, fractional story there mix moves across the board. Presi
Enough fear. Theres not enough capitulation. Thats the story. We had another day where we saw we nasdaq plummeting 1. 87 . Yeah. What you may not realize is the market is the same going on in stocks which is unfortunate. The bottom market is more important. It is leading us by the nose. Enlist your professional investor maybe dont realize it. We have to get an understanding about the tyranny and how they are the overlords of stocks whether we like it or not. When the bottom market sneezes stocks get pneumonia. Man is it sneezing. They are selling everything in the bottom market to get out before at this point maybe just their shadows. We dont know anymore. There are four kinds of very motivated sellers. Theres the Treasury Department that needs to finance our government. The Federal Reserve is 5. 3 trillion in treasuries. Another 2. 6 and agency. Crazy. It sells as a way to shrink the money supply. There are the regular owners of bonds some of whom are gigantic amounts of money to on t
Ruling at the night. The skyhigh performance from the side of a hotel, even waving to fans on her way down. How she pulled off the incredible stunt. Good morning, america. Welcome to the holiday week. How about pink. Can you top this performance . 34 stories up. She was here last month on gma. I dont remember her doing this outside of times square. Many fans marveling. Something to see and can you imagine being inside the hotel. You see one right there. A lot more on that ahead. New storms brewing on both coasts. Ginger is tracking it all. Good morning. Good morning to you, george. Its beginning to look a lot like a Holiday Travel week because were seeing images like this after the storms of yesterday in the northeast now the lakeeffect snow. Erie county pennsylvania visibility is down because of lakeeffect snow and spinouts in ohio. Thats going to be the issue going into monday. If you have travel plans the lakeeffect snow warnings for utica, syracuse up to 4 to 8 inches and flurries
With this skyhigh performance, sing live from the side of a hot hotel. Even waving to fans on her way down. How she pulled off the incredible stunt. Good morning, america. Welcome to the holiday week. How about pink. A can you top this performance. Lets take another look. 34 stories up. She was here last month on gma. I dont remember her doing this outside of times square. Many fans marveling over it. Something to see and can you imagine being inside the hotel. You see one right there. A lot more on that ahead. First that Holiday Travel alert. New storms brewing on both coasts. Ginger is tracking it all. Good morning, ginger. Good morning to you, george. Its beginning to look a lot like a Holiday Travel week because were seeing images like this after the storms of yesterday in the northeast now we have the lakeeffect snow. Erie county, pennsylvania, visibility is down thanks to lakeeffect snow. And look at the spinouts in ohio, thanks to lakeeffect snow bands. Thats going to be the iss
People. We will also be listening to closely to what the president might say about the american economy. It all comes off fed chair Janet Yellens testimony earlier today where she continues to prepare investors for a likely Interest Rate increase this year. If we get that it would be the first Interest Rate hike in america in nine years. Lets go down straight to eamon javers back at the white house where we are awaiting the president. Reporter thats right. The president s going to take some questions here from reporters. We can expect that whats on his mind is that deal with the iranian signed earlier this week. We can expect hearings beginning on capitol hill as early as next week. This is going to be a sales pitch series of comments here from the president. But as you point out, we dont necessarily know what all the questions from the reporters will be. He possibly will get some questions on the u. S. Economy, how it is faring also the global situation. When it comes to iran though e