Be talking about. I always thought inflation was going to tick its head up again and were starting to see that. The producer level kind of forewarned you whats going to happen three or four weeks down the line when it goes from the producer into the consumers hand. Inflation is here to stay and really has more to do with we cannot get spending under corral. I dont know if weave hit that Tipping Point but were close. All that Government Spending stoked inflation and how can you add more kerosene to the fire and say the fire is going to go down. People understand whats happening. Stuart good morning, everyone. It is 11 00 on the east coast of these here United States. It is friday, august 11. On the markets, very much a mixed picture. Dow is up 90, nasdaq down 66. Theres a feeling of kind of summer dull drum about the market today. Show me big tech, most are down this morning except for apple, which is struggling. Its up a mere 32cents. All the rest are down. The yield on the 10year trea
Will not. [ applause ] but Ukraine Ukraine can stop putin. Ukraine can stop putin if we stand with ukraine and provide the weapons it needs to defend itself. My predecessor and some of you here seek to pery the truth about january 6th. I will not do that. This is a moment to speak the truth than bury the lies. Its a simple choice. We can fight about fixing the border or we can fix it. Im ready to fix it. Send me the border bill now. Here in the Chamber Tonight are families whose loved ones are still being held by hamas. I pledge to all the families i will not rest until we bring every one of your loved ones home. Thats just a small sample of president joe bidens wide ranging and at times down right fiery state of the Union Address. Were going to have complete coverage of his speech and the reaction straight ahead. Good morning and welcome to way too early on this friday, march 8th. Its friday. Its been a long week. Were so glad you spent it with us. Im jonathan lemire. Good morning. An
Time and deliver deliver when we have to this is right now margin of error election. It really suggests. And you said youve got democrats, republicans, independents all amongst your ranks and your members. Given that its going to looking at like a margin of error election. This could be, youre going to have members who were supporting the other guy, no matter who the union sides to endorse, how do you manage that . Well, we manage it through pauling, talking to our members, making sure our leaders are out there talking to the members. We have 360 locals nationwide we got to make sure everybody is playing a role in this and thats how the decision thats how the judgment is going to be made. Sean obrien. Great to have you on. Thank you so much. Thank you very much. A new hour of Cnn News Central starts right now john, it giving a new warning today as lawmakers get ready to vote on possible a possible tiktok ban, critic say this band could be a threat to feast free speech a Government Repo
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
Rising in yield, around five basis points. 4. 1522 is your spot. Oil adding . 72 a barrel to 83. 52. What are you watching . Jon the bullish commentary from the iea which is helping oil and energy stocks. You have seen green in things like also dental. But you do have the underlying we this in technology and heavyweights like nvidia now under pressure for the first day in a row. Then we have corporate stories we continue to track. Ubs is moving away from Government Support as part of the Credit Suisse after transaction which has sat well with investors globally with ubs at this hour of 5 . Now, we talked about the big deal between espn and 10 and penn. They shifted from barstool. David portnoy will be taking over again. Matt interesting move as well as ubs. Lets switch to hawaii. Rescue crews and aid on the way to lahaina, hawaii where wildfires killed at least 55 people and 7000 people remain unaccounted for. Lets bring in the associated administrative constructor. First of all, what