Communities of color including africanamericans, latinos, asians and pacific americans and native americans. This is an hour and 50 minutes. Right now across the country, citizens are coming together to protest racial injustices. These protests began in response to a public lynching of george floyd by Minneapolis Police and the recent killings of other americans at the hands of those who are supposed to protect them. My prayers go out to the floyd family and other families, a long list of other victims and their loved ones. I stand in solidarity with all those who are protesting and patriotically challenging the status quo. These protests are about more than the pigment of africanamericans at the hands of police. There about the systemic changes or gears. They are now magnified by the coronavirus that we are here to talk about. This racial inequity in healthcare, it has been laid out by this pandemic. Africanamericans, latinos, native americans and other people of color have tested pos
Who are supposed to protect them. My prayers go out to the floyd family and other families, a long list of other victims and their loved ones. I stand in solidarity with all those who are protesting and patriotically challenging the status quo. These protests are about more than the pigment of africanamericans at the hands of police. There about the systemic changes or gears. They are now magnified by the coronavirus that we are here to talk about. This racial inequity in healthcare, it has been laid out by this pandemic. Africanamericans, latinos, native americans and other people of color have tested positive, being hospitalized and dying from covid19 at alarming rates. Americans are dying at a rate that is double what would be expected given the population. Latinos have been infected every state. Native americans who represent just 4 of the population in arizona are 21 of the coronavirus deaths. They went under, the recent by this crisis, the national conversation. The Coronavirus I
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Well reveal the company and speak with the ceo and an interesting three buys and a build gina sanchez is buying the u. S. Consumer and selling the chinese one. But first, to the inflation reading. Im still raising my eyebrows. And mike santoli is here to explain. A big part of the story is the bond yields. Yesterday, we had a failed rally on a benign cp ireport today, a telloff on a slightly hotter than expected ppi this really has been chopping around as the seasonals get a little more challenging coming into august. If you look at where it sits in a oneyear term, that pullback did get us right to the precipice of that 50day average. 4443 was the intraday low. This morning in the s p, why did that matter, if at all take it back, and ill tell you on july 11, the high for the day was 4443 what happened the next day really nice cp ireport, reported july 12. The market popped from there we filled it this morning. People think this matters, but it matters on a macro basis, because july 12,
Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s