Morning, good morning. This is bloomberg surveillance. Equity futures unchanged on the s p. Alltime highs off the back of a hotter than expected cpi report. Theres a difference between what economists expected and what the market was priced for. Making absolutely no sense whatsoever. Which one was it. Basically youre having people justify the story at a time when there are more than half of the components of the dutch them coming in hotter than expected. Theres a lot of seasonal issues with the fact prices reset. They can explain it away because the fed wants to cut rates. On the flipside it doesnt make any sense for the fed to cut rates if you see a reacceleration in goods pricing. If you see that in the other components of this index. Is it a fed thats going to cut rates matter what or is it stickier inflation people have to grapple with . Bank of america saying this, Service Inflation good surprise. You can take comfort from the discomfort of the latter. We are still on the down tre
Results of what amounts to a side show. A legal circus, a spectacle and a deliberate diversion but here we are. But first we should make clear that todays ruling from john mcafee was actually a victory for the rule of law and for fani willis herself. In matter of the d. A. s relationship where naman wade, the judges ultimatum amounted to this. Leave wade behind or halt prosecution of this case. It turns out to be a easy choice for d. A. Willis to make. Remember what she said when she announced the indictment. The states roll in this process is essential to the functioning of our democracy. Georgia, like every state, has laws that allow those that believe that results of an election are wrong, whether, because of intentional wrongdoing, or unintentional error, to challenge those results in our state courts. The indictment alleges that rather than abide by georgias Legal Process for election challenges, the defendants engaged in a Criminal Racketeering Enterprise to over turn georgias pr
That would be fit for public release. That is nowhere in the rules. I was to prepare a confidential report that was comprehensive and thorough of what is in the rules, mr. Hur what is in the rules is you dont gratuitously do things to you dont add language you know would be useful in a political campaign. You werent born yesterday. You understood exactly what you were doing. Thats democratic congressman adam schiff pressing former Special Counsel robert hur on his choice of words in his report on President Bidens handling of classified documents. Well have much more on the political theater from that high stakes hearing in just a moment. Meanwhile, on capitol hill today, the house is set to vote on a bill that could ban one of the most popular apps in america. Plus, well have the latest on the ceasefire negotiations between israel and hamas, which appear to remain stalled now two days into ramadan. Good morning and welcome to Way Too Early on this wednesday, march 13th. Im jonathan lem
Maria welcome back. Good wednesday morning. Thanks very much for joining us i hope you are having a good wednesday i am maria bartiromo. It is wednesday, march 13, it is 8 00 a. M. On the east coast, former special counsel robert hur defending his report on President Bidens mishandling of classified at this moments in a house hearing said biden willfully retained documents read out classified notion of government wry dplalt republican lawmakers clashed with his findings. The president i did not share classified information i did not share i guarantee i did not. That is not true is it mr. Hur . That is inconsistent with the findings based on in evidence my report. It is a lie . You exonerated him. I did not exonerate him has, mr. Hur my time. All i have to do when i am caught taking home classified materials is say i am sorry mr. Hur i am getting old my memory is not so great. Congressman. This is doctrine you established in laws now it is frightening. You cannot tell me heure so naive
It certainly isnt, and as the House Republicans continue to investigate hunter biden, the Justice Departments investigation, including bringing the iris whistleblowers, investigating that, its going to be a continuing thorn in the side of joe biden as he pursues reelection. Tell me more about Special Counsel david weiss and what he might do with these new Special Counwers . He was appointed byr President Donald Trump in 2017 and confirmed unanimously by e senate, so he was something that the Biden Administration decided to keep on because he was already independent, not somebody that biden put into place, now with the Special Counsel powers it means you have additional resources, a budget to bring in additional staff if you want also remove him from the daytod oversight of the justice will be able to continue to u invee this as they have been, and also allowed to look into charging any potential crimes in other jurisdictions, he doesnt have to stick in delaware, where the case has gumm