Improved. Its the talk of the town. Even as Inflation Numbers go up, its counterintuitive. Is the stock market bracing for a curveball that it wasnt expecting, a report showing a big jump in inflation on the wholesale level is raising those eyebrows and concerns that if inflation really is starting to rear its ugly head it could change everything for stocks and the economy. We will take a closer look at that story coming up here momentarily. Also ahead, more problems over at the irs. Paying out 13 billion in tax credits to people who werent qualified to get that money. The problem so bad that one in four payments shouldnt have been made, and this has been going on for years. Why hasnt it been fixed . Larry cud lowe is coming in and weigh i weighing on thoughts. And the flap over flappy bird. So addictive that its young vietnamese create ore pulled the game because the pressure, he says, was running his life even though it made him a multimillionaire almost overnight. What was he thinki
The ceo of softbank and sprint, chairmen, say the u. S. Internet speed stinks. 15 out of a possible 16. Whos going to fix it and how can you profit . Now go over here, right . Here i go. Were exactly two weeks from the start of the world cup in brazil. And it is a very scary picture apparently down in that country. Gang violence spiraling out of control. Brazilians staging massive protests. Were going to talk to a big voice in brazil who says the country will not repeat not be ready to host this tournament. First to sue at the nyse. Hi, ty. And right now were focusing in on Interest Rates, as you mentioned, but also on the markets with the Dow Jones Industrial average right now up 17 points on the trading session. S p at a new record high earlier today, up about 4. 5 points. Nasdaq composite is up 14 points, onethird of a percent to the upside. The russell 2000 almost up 3 . Gold down. There are many story lines for this hour. Were beginning in times square with the nasdaq and seema mo