Katie theres a lot of right on the screen. Big tech also down 1 after the cpi figures with 10 year. Lets talk about that hot inflationary data slamming the door on the june fed pivot. Across the board this came in higher than expectations . Mike both headline and core was up. 4 which pushed up the year over year rate. A big disappointment to wall street. A disappointment to the fed. The fed has not moved its target rate since july of 2023. The inflation rate has stalled out. We have not seen inflation rise since then it has stayed roughly in the same place. It hasnt gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. This means a big change in expectations. The market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. Will the fed ratify that . They dont produce a new dot plot until then but the may meeting
Economic data. We have the Chinese Industrial province. This dovetails into what is happening with the story in the morning and what it will mean, phenomenal gdp. Matching statistics, they are profitg in november and growth is expected to edge down to 25 year on year in october from 27. 7 in september and we have continued to eke slightly in november but lets see where we come from. We were seeing profits under some pressure. At the moment, it is that at the moment. Growth in the pipeline. Some more movement. , as those numbers are out look at what is going on elsewhere. We have markets back online today following the christmas break and taking a look at what is going on with shares in singapore. Recovering from tuesdays drop. ,hey are resuming gains marginally higher this wednesday and following the text want. That is in focus and snapping a. 1 of thep gaining open. Lets check in on the supplier in taipei. In that stock under pressure and falling for a second day. That forecast being
Good morning to you from me as well throwback thursday. Were throwing it back for the best anthems for pride month lets check in on the global markets. Showing you whats happening with futures after mixed ending to yesterdays session the nasdaq rose about 0. P the dow and s p finished lower. Biotech has been strong lately well talk about that. It was a big turnaround from where we stood this time yesterday. The nasdaq was down about a half percent and ended up three quarters of a percent. The futures were not a tell for the session. Nasdaq futures higher. Nasdaq down 1, s p down 3. Not a lot of movement this morning. Oil prices front and center. Those low prices a drag on Energy Stocks for sure also keeping yields lower. Wti, 42. 44, down about 0. 2 . Brent crude below 45 a barrel nat gas higher this morning. That meant energy was the worst performing sector but only just beating banks in terms of the underperformance. Energy down 1. 6 banks down over 1 focus on them again today ahead
Then, dr. Shinny samara, a mechanical engineer, the latest in crash test dummies and how researchers are turning to 3d imaging to make those dummies a little smarter. There is a graphic, a different i am packet. An engineer who designed everything from satellites in space to bionic eyes. I love watching the Steering Wheel. Giving us a whole new meaning to being a back seat driver. Thats our team. Now, lets do some science. I am phil torres driving along the beautiful Southern California coast. I am behind a wheel of one of toyotas Hydrogen Fuel demo vehicles, one of a slew of innovations making the car of the future the car of now. The streets of tonies california a lab for the Game Changing electronic vehicle. The newest Hydrogen Fuel cell car. This is the hot room at toyotas Technical Center where they tested toyotas Hydrogen Fuel cell car, the first one that will hit the consumer market. This is the future. Jackie bilsell is the fuel cell engineer. I have been working this for 11 ye
Could this be the new way to fill her up . Then, dr. Shinny samara, a mechanical engineer, the latest in crash test dummies and how researchers are turning to 3d imaging to make those dummies a little smarter. There is a graphic, a different i am packet. An engineer who designed everything from satellites in space to bionic eyes. I love watching the Steering Wheel. Giving us a whole new meaning to being a back seat driver. Thats our team. Now, lets do some science. I am phil torres driving along the beautiful Southern California coast. I am behind a wheel of one of toyotas Hydrogen Fuel demo vehicles, one of a slew of innovations making the car of the future the car of now. The streets of tonies california a lab for the Game Changing electronic vehicle. The newest Hydrogen Fuel cell car. This is the hot room at toyotas Technical Center where they tested toyotas Hydrogen Fuel cell car, the first one that will hit the consumer market. This is the future. Jackie bilsell is the fuel cell e