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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 o...

Im reihan salam. Im president of the Manhattan Institute. And i wanted to start the evening by explaining exactly why this prize is so important to us. The hayek prize is a celebration of Friedrich Hayek, one of the most consequential thinkers of the modern era, a celebrated who was awarded the nobel prize in 1974. Hayek did more than just make intellectual breakthroughs. He inspired a generation of economic reformers who helped liberate countless millions from poverty around the world. And his message remains vitally important as we look to the future. In his 1944 book, the road to serfdom, h...

We are trying to hector people into making sense of daily choices when the right strategy is actually to liberate them and let them use their common sense sense and initiative and ingenuity and emotions to try to do a good job. Over time, judge whether they are doing a good job. Host you the former vice chair of covington, you have written a book called life without lawyers. Ay. What is the legal structure that allows the people who run the lay grounds and the parents to let kids go out and be kids . What legal structure does that . What is legal structure that liberates teachers to act on the...

Host we regularly ask you about your trust or confidence in institutions, Government Agencies, individuals, confidence in the military, cdc, irs, and the economy to name a few. But what about organizations who wrote or on that . News media . Monday, august 14, many of you have probably by now watched or read if you news stories this morning. Do you trust of the news media . That is our question in the first hour of the program. We will look at several stories on that but mostly we want to hear from you. If you say yes, the line to call is 202 7488000. If your answer is no, 202 7488001. If you ...

[inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give a opening statement. Todays hearing, bureaucratic overreach or Consumer Protection examining the cfpbs latest action to restrict competition in payments in my view i...