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are hit with major delays at the nation's a airports, a lot of pain at pump and sky-high groce ifly bills. that has a lot of americans asking this july 4th weekend, when is freedom from these challenges coming? we're tracking all of it with alexis mcadams at missouri's laguardia international airport -- new york's, kelly to grady and stew leonard jr. from his supermarket in norwalk, connecticut. happy fourth, everyone. hope you're dealing with some of the headaches but all of the patriotic positives that comes from this special weekend. i'm neil cavuto. let's get right to it with ale...

Good morning. This is daybreak europe. These are the stories that set your agenda. Global stocks rallied with the s p 500 hitting a new record high as cooler u. S. Inflation reinforces bets on fed rate cuts. Slovakias Prime Minister in the hospital after an attempted assassination. The shooting brutally exposing the widening the political divide in the nation. Vladimir putin is getting the red carpet treatment in beijing as he looks to xi jinping for backing in his war against ukraine. Lets check in on the earnings stories. We are keeping an eye on the geopolitics. Siemens on the redhead comin...

Any news of prices falling increases the hopes from investors that the fed will start cutting the main interest rate, sooner rather than later. Joining me now is wei li, global chief Investment Strategist at blackrock. Thank you for being here. What impact is this having on the markets this morning . This is a welcome relief. We are seeing some information as expected. Part of the inflation is cooling down a little bit coming from very elevated levels earlier in the year. Also encouraging the core goods inflation it is actually negative which again is a welcome release and has been driven by m...

City this morning, good morning. For our audience worldwide, this is bloomberg surveillance coming in to wednesday with the nasdaq at alltime highs. Equity futures just about positive. Your lineup looks a Little Something like this. Cpi data in america alongside u. S. Retail sales Neel Kashkari, nikki bowman with a lot to say about this inflation backdrop. If they really want to give some sort of hawkish message this market is not listening. They want to rally on the disinflationary pivot regardless of the data it gets. Fed chair powell yesterday coming out saying hes less confident in the dis...

Sonali coming up. Consumer confidence starts to break. Inflation expectations stay high. That is all as investors await cpi data just days away. We begin with the big issue. The fed confidence to cut with messy Economic Data. The fed is looking closely at the data. It is looking at the totality of the data. Wage growth is sticky. The fed is likely going to take a to the economy. I think later this year, we will get our first cut. If they dont cut in september, likely to cut in december. The first in september, another in december. We are looking at an inflection point. I think hes looking for ...