That macro picture. Consumer prices down. Retail sales flat. Jamie dimon calls on the u. S. To get its fiscal house in order. Plus the intensifying a. I. Race. Google is rolling out its most powerful a. I. Assistant yet. And a Bipartisan Senate group out with a new report on how best to regulate the technology. Sara eisen is live from jerusalem, speaking oneonone with israeli Prime Minister Benjamin Netanyahu. Lets get to the cpi print. As we pointed out, 3. 6 core year on year, jim. More than half is gasoline and shelter. Its only going to get better. Gasoline, obviously, oils come down. Iea with some reports saying its not shouldnt even be at this level. Food, were starting to see some things in food that indicate that things are getting better. I mean, for instance, one of the things they said that was bad was cereal, but as we know, david, i told you that kelloggs says theres too much cereal. Were going to see buy one, get one. The things that people are being hurt by, except for s
College campuses. I will yield so he can say a word about the tragedy that occurred in texas. I thank you, mr. Chairman. Welcome. Let me just say briefly that before discussing the important topic of todays hearing on sunday a gunman shot and killed 26 church goers in texas. We now know that information concerning his courtmartial for Domestic Abuse should have been submitted by the air force to the instant criminal background check system. Should have been prevented from purchasing firearms from licensed gun dealers via the brady background check system. Yesterday before this information came to light, i wrote to you, mr. Chairman, requesting that the briefing planned for our members tomorrow afternoon by atf on the issue of bump stocks. Be expanded through the fbi to discuss the background check issues. Related to southern springs. And in that briefing be conducted as a formal hearing open to the public. Now tat we have even more information that theres been a break down in the imple
Current is performing well are a risk on currencies, dollaryen lower by 4 10 of a percent and the question is why . We will tackle that. And yields in the u. S. On the tenterhooks, pretty much going nowhere. 50 a barrel for crude oil. David and it is the big one, we will get the cpi numbers and they will give us a read on inflation. And then retail sales figures for january. 11 30 a. M. President trump meeting with members from both sides of the isle to talk about the infrastructure plan. Alix and a first take on the top three stories of the morning. Yen making a move in banks trading on volatility. And cpi. David i want to take a look at the cpi story. I want to pull up this chart that shows where we are. It is 8692, there we go. It is up. Gina, we have a projection on core and headline cpi, how the markets prepared for the said this point, because they are really on tenterhooks . Strategist a rate tell me yesterday that it was feeling like barrel friday in the middle the month. Frida
Do. Whether it will continue raising Interest Rates throughout the year. We have a lot to digest. Yale economic professor, robert schiller, he is the guy. He is going to break it all down for us. Nancy pelosi is at it again. She cant help herself. She is weighing in on border security. This is her proposal. That the federal government mow the grass. You know, mow the lawn along the southern border to keep Illegal Immigrants from sneaking in. No need for a wall. No need for tighter border security. Just mow the grass. Were on that. And her increasingly troublesome or the increasing amount of trouble she is bringing for the Democratic Party. Before we get to her, were going right down to the new york stock exchange. Gerri willis is there. Nice to seat market resurrecting itself shall we say after what we saw in the last hour of trading yesterday. This this is so nice. Yesterday we were making a turn going down right this moment. Were up 222 points on the dow. S p up half a percent there.
Wave of consolidation in the Health Insurance industry. At t is on the verge of winning Regulatory Approval for its 49 billion takeover bid of direct tv. Bloomberg north the bloomberg report said many commissioners have voted to favor the deal. The Justice Department will not challenge the deal because it does not pose a risk to competition. Stephanie president obama will land in the country where his father was born, kenya. He left washington d. C. Last night. He is on his way to nairobi and will attend a Global Entrepreneurship conference, and meet with kenyas president. He will become the first u. S. President to visit ethiopia on sunday. A gunman opened fire in lafayette, louisiana in a Movie Theater. He killed two people and wounded nine others before killing himself. The shooter tried to escape but turned back when he saw police enter the theater. Governor bobby jindal spoke at a news conference. When these kinds of acts of violence happen in a Movie Theater, when there is no rea