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racing to protect the flooded town where thousands had to evacuate plus, president biden hours away to sign an order reducing gun violence we will talk to brandon tsay, the man that disarmed the gunman former president trump in iowa tears into florida governor, ron desantis we will play for you what he had to say we begin this hour with breaking news. the wall street journal now reporting that the justice department and the sec are now both investigating the collapse of silicon valley bank according to people familiar with this story. nbc news has not confirmed the report at this time. meanwhile, new data we just got in hours ago show that inflation increased 0.4 of a percent last night, and prices for key essentials are high. milk, eggs, butter, chicken and coffee cost more today than they did last year. the report coming one day after the government took emergency steps to prevent a major banking meltdown after the collapse of these two major banks. president ....
Morning? it s all relative, right? this idea that for the markets you are trying to recover five straight days of losses for the dow industrials, and you juxtapose that with the bank failures over the last week, there s a relief rally feeling to what is happening some of the biggest gainers in the market are the banks and you mention the inflation data as well, and the reason it s all important right now, in the wake of many regional banks losing half of their value, the sigh of relief is that the inflation did not come in too hot, and it s high especially on a year over year basis, but it s the pace of price increases slowing down, and it s largely with expectations and the reason you are having a little incremental positivity in the markets i mentioned, josé, the dow is up, and 2% gains for the nasdaq, and these are trying to stem the ....