Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th
Advertising deal with openai, and as dom said, gameshop shares tumble. Take two cuts its forecast in what it calls challenging times. Lets begin with markets a day after the dow hit 40k for the First Time Ever on pace for its fifth week of gains. What did you make of all the fuss yesterday . I thought this was one of the broader attempts at a major milestone. And what led it was just incredible. I mean, youre dealing with a level of broad that what let me tell you, the most important thing was rates had only something to do with one stock out of ten. You could pin on rates. I think thats very important. I do believe most of these companies are just run by ceos that dont get enough credit. Its amazing to me that we simply are always willing to consign, i think thats because of the nonsense risk on, risk off, thats just something that came up to confuse the viewers. Im not crazy about it. I think whats happened here is when you get a guy like solomon, and he realizes, you know, goldman i
It is 8 00 a. M. At disney headquarters headquarters 11 00 a. M. In new york and this is squawk alley. Welcome to squawk alley for a tuesday. Dow down 109. Breaking news to start the hour. This time on ford. Phil lebeau is in chicago with that. Ford in a move expected for months is announcing that it is building a new small car plant in mexico. This plant will be located in the san luis section of mexico an investment of 1. 6 billion. It will create 2800 jobs with cars expected to roll off that Assembly Line in 2018. Some of those cars will be sold in the u. S. And sx ported to other countries away the world. No doubt is this a move that will get a lot of attention on the campaign trail from the president ial candidates. Just a couple weeks ago, heres what donald trump had it say about ford and its plans to expand around the world. Companies are leaving our country rapidly. Rapidly. Whether its carrier air conditioning whether its ford whether its eaton. I was in cleveland and eaton co
After these attacks, having been there. There had been a manhunt put out globally at this point for him. One brussels source now saying that they have apprehended the third suspect. Police have also confirmed that the two men on the left are the brothers khalid and ibrahim ael bakraoui. The man on the right, again, is alleged to have assisted the two suicide bombers. Police sources also told nbc that the man is a suspect in the paris attacks as well. As part of that manhunt, a police raid in brussels led to the discovery of a nail bomb and an Islamic State flag. Isis has claim the responsibility for the attacks that have killed at least 31 people. Lets take a quick check on the markets, debt yget you caug on how Global Markets have been reacting overnight. Dow looks like it would open 15 points higher. Nasdaq up about five points. The s p 500 up about two points. European equities thus far have been in the green. I get anxious that events like this have just become either so common pla
I think that, you know, we live in the best country in the world, and we will solve our problems, and the people that own equities, purchased over time, not just when they get all excited about it, in a lowcost manner are going to do fine. Warren, have you noticed that that ketchup bottle was already shaped like a ukulele . Have you thought about that . Like a custommade i mean, you could have one easily made and when you play the ukulele, you could be pushing your products. Were going to see how this one sells. And if it performs like i anticipate, they probably will put me in charge of new product development. Red emade for that is my favorite i decided, when i looked at both of them. I do like the whats it say . Preferred by hot dogs, and then it has your picture. That i like. Were in business, joe. All right. Warren, and becky, great job. Warren, thanks so much for all your time. Phenomenal as usual. We appreciate it. Becky, get home safe. Well see you tomorrow. Make sure you join