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
The freak. [laughter] thanks a a lot. Have a great weekend. Good afternoon, everyone, im charles payne, this is making money. Breaking right nowing stocks mostly drifting, right . Sort of mixed economic data. A lot of confusion on the true state of the economy. Look, inflations hanging tough which means the fed is still lingering around, and as long as the feds casting a shadow on this market, by the way, many are saying dont write off of a recession just yet either. And for once im agreeing with joe biden, chinas economy is a ticking time bomb which makes them a ticking time bomb. But the question is, what are we going to do about it . Speaking of big, the big guy has got some other problems. Moments ago attorney general garland are finally appointing a special counsel to the hunter biden investigation. But its not everything it looks like it could be. David webbs got some serious issues with it. Hell explain it at 2 40. And then my takeaway on the constant putting down of the socalle
Good thursday morning. Thanks very much for joining us i hope you are having a good morning. I am maria bartiromo. It is thursday, march 7, 8 01 east coast the topic of the hour President Biden taking podium for third state of the Union Address he will have to convince voters he is up to the job despite concerns about his age his mental acuity he will have to defend policies that have failed including excess spending the open border, former President Trump calling for debates before general election posting on truth social, i am ready any time anywhere any place says 45, the Biden Campaign told fox news digital i know donald trump thirsty for attention if desperate to see President Biden in primetime join tens of millions tuning in to watch state of the union peter doocy grilled white house about a debate yesterday, watch. All right. Is President Biden going to complit to debate with donald trump. That is something for the campaign he to speak to it is possible there will be no joe bid
Jones industrials up 18 points and s p up 17 and nasdaq gaining five and all off highs of the session and the big market story of the day that may very well be what is keeping a cap on some of these gains here. New York Community bank as we take this interday chart full through the entire screen, were doing that because they resumed trading due to two hour plus halt due to volatility and throughout the session and it was halted starting just before noon eastern time due to volatility and it was down 42 and earlier on a wall street journal report indicated a bank was seek ago cash invasion to shore up confidence but within the last hour and new York Community bank announced it got that lifeline more than 1 billion Equity Investment and the investment is being led by former u. S. Treasury secretary steven minutan and reverend investing 200 million and this transaction is expected to close on or around monday, march 11. Now in connection with the deal, the company will add four new direct
Silicon valley bank and Signature Bank collapse. S. The hearing took place before a House Financial Services subcommittee and runs about 90 minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for a brief opening statement. Mr. Huizenga congressional oversight a a constitutional authority, used to maintain the well being of government. This is a lesson i learned from my fellow congress sorry, weve got to make sure we get the timer going. There we go. This lesson of oversight was something that i learned from someone who is considered the lion of the house, john dingell. He was still in congress when i first came here and he taught me a couple of things. One, he called it the tyranny of the vote. Didnt matter who you were with, what you were doing, what was happening or where you were. When they rang the bells we had that time to go to the house floor to vot