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The july Producer Price index out at 8 30 a. M. Eastern on the heels of a muted day yesterday. The do nasdaq is down 45, s p lr by 7 and a quarter after the july Consumer Price index showed a higher yearly rate than last month, we brought you the numbers yesterday. Yesterday markets were down by the closing bell. Some on will street say inflation levels could signal no rate hike at the september Federal Reserve meeting but President Biden is pushing for more stimulus, requesting congress approve an additional 40 billion to address what he calls Climate Change and a need for more aid to ukraine...

Welcome back thanks very much for joining us this morning. I am maria bartiromo. It is friday, august 11, at 8 00 a. M. On the button on the east coast more questions surrounding thenvice president joe bidens controversial 2015 trip to ukraine. A newly surfaced is toh shows joe biden on air force two briefed by advisory who was apparently in connection with both hunter biden, and his burisma associates, this happening right before biden threatened to withhold one billion dollars in u. S. Money, if they did not fire the o prosecutor general Viktor Shokin investigating burisma. Even massachusett...

More focused on it than the fed is because the fed basically sort of ignores cpi because they prefer ppi to cpi. Sorry to go word salad after talking about kamala harris. But the fact of the matter is that the most important number to me right now is 85 and thats how much a barrel of oil is right now. Which means that were probably headed to 100, more than were heading back to 70 and 70 is the breakeven point where the spr was going to be refilled. I think right now oil prices are going to be the leading driver and then if you look at last fridays jobs report, you notice that 4. 4 was the year...

And with Second Quarter earnings season slowing down a little, were going to discuss why some analysts think this was one of the worst quarters for companies in years. Take a look at the european markets, they are trading lower across the board this morning, see the decline on the dax, down 57 points. In asia overnight, a little bit of a similar picture, markets were mostly lower with the exception of the nikkei, faxal moves there. President trump calling for the recusal of the judge in his election case as he asks for the trial to be moved to west virginia. Hear what state attorney general Pa...

Since june. We are looking at a pullback this tuesday morning. Dow industrials down 150 right now, nasdaq down 63, and s p 500 lower by 19. Markets on the move as they await key inflation data, the july cpi is out on thursday, the pp be i out on friday. Congress remains on recess this week. Oil prices, the big story in markets this morning, take a look. Prices jumping to 10 week highs yesterday after saudi arabia extended production cuts for moanother month, setting off investor alarms over when a rescission might hit. Crude oil sits at 81. 71, down 1. 5 this morning. European markets also in ...