Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. Alan parker will stay interim until scharf joins the company the Conference Call is under way and well bring you developments on that. He had quite a run at visa and left for geographic reasons really. Yes, he did able to stay in new york, his family still going to be with him. One daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell you, congratulations, or as people would say, as president ford would say, their Long National nightmare is over. I t
Next few days. The latest is maybe a bit of a change, something weve been talking about. This is Hurricane Matthew in 2016, the storm came out of the caribbean and off to the eastern seaboard of florida. A couple of days before that storm, making a direct land fall and went about 30 miles to the east offshore. Its one of the possibilities that could happen with this. I put in the computer models, you notice for the most part, it leaves the eastern half of florida right now. Yesterday, the models were showing way off to the south here toward the gulf. When we get these models, we dont have a lot of confidence. Theres a lot at play here to the north of this storm, theres a layer of High Pressure blocking it. The area of High Pressure wont be as strong or if this is stronger, they tend to move north more easily. This is 1150mile an hour storm. It will continue to pull off towards the west just to the west. One that goes toward the gulf and one moves across in the end. Once thats offshore
To the bahamas in florida in the next few days. The latest is maybe a bit of a change, something weve been talking about. This is Hurricane Matthew in 2016, the storm came out of the caribbean and off to the eastern seaboard of florida. A couple of days before that storm, making a direct land fall and went about 30 miles to the east offshore. Its one of the possibilities that could happen with this. I put in the computer models, you notice for the most part, it leaves the eastern half of florida right now. Yesterday, the models were showing way off to the south here toward the gulf. When we get these models, we dont have a lot of confidence. Theres a lot at play here to the north of this storm, theres a layer of High Pressure blocking it. The area of High Pressure wont be as strong or if this is stronger, they tend to move north more easily. This is 1150mile an hour storm. It will continue to pull off towards the west just to the west. One that goes toward the gulf and one moves across
What do we have to reassess. Jenny was talking about how she was wrong with respect to what the rate was and people are as reassessing what it means. Jonathan let us talk about what happened to the house. The tiktok built breezes through the house and then senators line up to say slow down and we take our time in the senate. This could drag on and on. It can. And you look at the hawks like Lindsey Graham, he was on fox and said it was a good question about how he was gonna vote and he said eileen yes that his concern and he is coming in line where the former president is and that is potentially why he feels that way he is concerned if tiktok is not there where did those individuals go and it is the facebook player, the potential google, x, twitter. And the bottom line is and i am astonished to see yesterday the bipartisan support for passing but also the nos. Marjorie Taylor Greene lighting up with alexandria ocasiocortez, it is not every day. Lisa im curious about this push because of
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