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(Bloomberg) -- Stock trading was choppy as investors awaited the start of the earnings season, while weighing the risk of inflation against prospects for an economic rebound. Traders have been concerned that price pressures will sap corporate profits and growth just as policy makers get ready to withdraw stimulus. Federal Reserve Bank of Atlanta President Raphael Bostic said inflation caused by supply-chain disruptions or the reopening of the services sector is likely to last and seems to be broadening to more parts of the economy. The conditions required to begin tapering the bond-buying prog...

(Bloomberg) -- Stocks fell in a choppy trading session as investors awaited the start of the earnings season, while weighing the risk of inflation as the Federal Reserve gets ready to reduce its pandemic-era stimulus. Traders have been concerned that price pressures and supply-chain snarls will sap corporate profits and growth. Fed Bank of Atlanta President Raphael Bostic said this year’s inflation surge is lasting longer than policy makers expected, so it’s not appropriate to refer to such increase as transitory. Vice Chair Richard Clarida noted that the conditions required to begin taper...

Sad news from florida today. casey desantis, wife of governor ron desantis, has been diagnosed with breast cancer. the news comes as the u.s. marks national breast cancer awareness month. raising attention to the second most common cancer for women. we wish her the very best. our coverage continues right now. happening now -- president biden upping pressure on congress and members of his own party as the clock ticks toward the u.s. hitting its debt ceiling. the president warning that failure to act would take our economy over a cliff. the senate majority leader chuck schumer underscoring t...

Day." they got to get this done and she's saying two to three weeks, you know, putting it off could mean peril. >> we'll see if goldfish are good negotiators. cnn's coverage continues right now. good morning to you at the top of the hour. i'm erica hill. >> i'm jim sciutto. the countdown is on. we are 15 hours away from a potential government shutdown, but it does appear there is a plan in place to avoid it. moments from now, debate begins on capitol hill to do so. senators set to vote on a stopgap bill that would keep the government funded. that bill, we should note, is likely to pass, that...

Counterproductive and shouldn't happen, we'll do that. but we'll also roll up our sleeves and get to work to try to get this done. >> we'll stay on top of this story, of course, as the clock ticks to thursday. i want to switch and take you to japan. the ruling democratic party has a new leader which means japan will be getting a new prime minister soon. former prime minister won a runoff election. he defeated the popular vaccine czar. se selena nguyen is following. he's not the public's favorite, but clearly the favorite of the party. what can we expect from him on the policy front here? >> ...