And have we reached peak pessimism on china . Thats the question Ruchir Sharma is asking as wall street does cut its growth estimates for the country this year. Topping the tape for us today, the august cpi print, and what it means for Interest Rates. Our next guest worked for the fed for 24 years, thinks well see a pause at the Central Banks september meeting, thats next week. But he says its a coin toss as to whether were completely done with rate hikes. Joining us now is macro strategist, vincent reinhardt. Good to see you. Not so much for the market, 50 50 on november and december, ahead of the Inflation Report, out of the Inflation Report. I feel like if youre a hawk, this number sort of backs up your case, because it shows that we are susceptible to hotter than expected and stickier inflation, but if youre a dove, it backs up your case, because the trends continue to point to disinflation. So what do you do with it . Thats the great thing about an economic report that runs 43 pag
Rate decision. Apple also in focus as wall street reacts to its launch event, including a new iphone lineup. Meantime, china insists it has not issued a ban on the companys flagship product. Were going to get into all things a. I. With tech ceos meeting with lawmakers on capitol hill to what Salesforces Marc Benioff told jim about that technology. Lets begin with cpi. Obviously, core, bit of a disappointment to the bulls, jim. Gasoline is more than half of the headline, up 10. Car insurance, up 2. 5, but lodging away from home down 3. I was listening to Steve Liesman break it down, and i agree with what steve was saying, its just empirical. Theres nothing that says that gas and oil and have necessarily trickled into the rest of the combination. We do know ive been talking with major insurers who are using, believe it or not, Artificial Intelligence to actually get prices to where they are lower, and i wonder whether that wont filter in as part of a larger conversation about trying to g
and some of america s billionaires once critical of trump are now flocking back. the question is why. and unicef spokesman recounts the horrendous incident he witnessed as he was delivering critical aid in gaza. i m ayman mohyeldin. let s do it. in europe, the generations fear of the far right appears to be slipping. that s the top line from this week you elections although the continent centrist coalition is set to retain power radical right parties without makeup the second-biggest block in the european parliament. in germany, a blow to u.s. ally chancellor olaf scholz after the anti-immigration and anti- muslim party alternative for germany beat his social democratic party and last week s boat. and that was after the party pompously candidate sparked a major scandal saying last month that members of the nazi ss were not necessarily criminal. and such a humiliating defeat to give president emmanuel macron centrist renaissance party that the french leader responded by call
Critics are pointing out to the glaring disparity between the president s warnings to bob woodward in early february versus the ignorance he proclaimed in the middle of march. It goes through air, bob. Thats tougher than the touch. You dont have to touch things. You just breathe the air. Thats how it passed. This is deadly stuff. Its a problem that four weeks ago nobody thought would be a problem. In a new interview joe biden is hitting the president for what he knew and when he knew it. He saw the reports. He knew them in detail. At least we know he can read. Okay, he says he didnt want to panic people. At least make sure people have the equipment they need. Say its excess caution. He didnt even do that. Now while the controversy rages theres no Economic Relief in sight for those suffering financially from the pandemic. A vote on the senator republicans bill failed just a short time ago. Leaving the future of more aid to millions of americans in question. Joining us now jake sherman n
HENDERSON — The North Carolina Symphony once again graced McGregor Hall on Tuesday for an educational concert for local students — this time, with an introduction courtesy of Secretary of