Stocks not doing much. Revenue forecast, certainly concerning. Well talk to jim a lot about that, and well talk a lot about snowflake. That stock is down dramatically this morning, both on guidance and the news that its ceo, Frank Slootman, will be retiring. Suboptimal. Yeah. Suboptimal. Lets start with the inflation data, sort of get that out of the way before we move on. Whats your take on this pce number . In line is cool. Thats the way i look at it. I think that there were a lot of people who thought after the cpi this one would be bad too, and when you look at the progression of the s p futures, david, it really is incredible how negative people are underneath. I mean, when frank was on, frank holland, this morning, he saw the futures just sinking as if the it was a foregone conclusion that the number would be too high. We keep seeing that, which is, i think, one of the puts underneath the market, is the actual negativity of the futures. Interesting. And to your point, there is th
And a large part of that has been driven by growth in the manufacturing and the construction space. Some of the numbers do offer a lot of question marks because if you look at agriculture, if you look at industries, you know, our core sector data is from steel, cement, all of them have actually shrunk. Consumption, in fact, has also been weak too, almost for the nine months it grew by only 5 . And thats why there was there has been a lot of question mark, but a large bit of this has been pushed by the Government Spending in the construction space. You know, Building Infrastructure around the country and some bit of private capital and private investments also seem to be flowing in to the economy right now. And that has pushed the growth to this level right before the national elections, where Prime Minister Narendra Modi is seeking a third term in power. Narendra modi. And this is the premise, the high growth rate where india has become somewhere an alternative to china for most compan
Soon. Ski resorts, Emergency Responders and locals are bracing for whats expected to be the biggest snowstorm of the year so far in the sierra ktvu erasmus here in studio to explain the warnings and advice from emergency officials, and we can see these these conditions changing minute by minute. Yeah. And you just showed that live picture of highway 50. Were going to show you how different it is over on interstate 80. You know, those are the two main ways to get up to the sierra from the bay area and interstate 80 at Donner Summit is closed. This is showing the eastbound direction. The closures on the westbound direction, and they are turning traffic around at kingsville. And thats because of a big rig that flipped over. That happened in 9 00 this morning. The chp does not expect to open this part of interstate 80 until 1 00 or later. This afternoon. Its the kind of thing the chp is worried about with this major storm now underway in the sierra , the wind coming in with this storm is a
this juneteenth, i m chris jansing. with begin with developments in donald trump s classified documents case and a new ruling from the magistrate judge with strict restrictions around classified documents and warning to him and his defense team that they cannot release evidence to the public or the media ahead of trial. but will the former president cooperate? meantime, the one competitor who trump trails in the polls is slow rolling his start two months after officially announcing his reelect campaign, his first rally over the weekend, and today, his pitch to voters and donors in california. and what we know about secretary blinken s high stakes meeting in beijing, can it calm international fears over the chill between these two countries. and multiple states under dangerous weather warnings at this hour. we ve got the latest on the deaths, the impact across the southern region and that weekend of severe storms and tornadoes we ll have a live report from texas now unde
big weekend for peter this weekend coming up. sandra: indeed. i just decided i needed to be here on a friday morning to make it a good weekend. good to be with you. good hour coming up. i m sandra smith. president trump is calling the indictment election interference at the highest level. republicans on the senate judiciary committee are warning the charges raise serious conflict of interest interests for attorney general merrick garland. meantime president biden dismissing these claims that he was paid $5 million in a bribery scheme when he was vice president. bill: here is the new york post summing up today with the headline hail to the thiefs. nancy mace telling us she saw the document from the f.b.i. which contains what some believe is a bribery claim. she thinks, after reading it, it does not look good for president biden. it was very credible and legitimate. i would not brush it off like the f.b.i. has. and it corroborates other information that we ve seen in ot