Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
Maria commanderinchief and first lady dunaway xi jinping in be in the business city right now. We will bring you the latest of the president pressures china overtaking a stronger stance in dealing with pyongyang. The results are in. Democrats take key victories in virginia last night. The midterm elections in the year to remember. The market was the prime buying opportunity following the election of President Trump and breakdown the rally and how high the markets climb from here. 28 by five higher this election day. One year ago, futures opening bid s p 500 but the nasdaq in positive territory also by a fraction. European indices as we see in nextdoor as well. Dac ndx lower, but barely in positive territory. The asian markets overnight were resized mix closed down about a fraction as was the hang seng. Talk about a spectacle. Stumbling this morning. Thomas says classes had on results. How it helps doubling down on the down on that treat links will help user growth. Stories coming out t
Rapid changes in american life. His generation was a new generation of americans unable to witness or permit the undoing of human rights. Todays guests are president kennedys nephew, Stephen Kennedy smith, and historian douglas brinkley, brought together some of president kennedys most important speeches and some that still resonate today. Throughout the centennial year, organizations and individuals across the country will observe this milestone anniversary and reflect on kennedys legacy. The john f. Kennedy president ial library in boston has taken the lead with a major exhibition on may 26. Pen there is installed a special display of stairs about president kennedys creation of the peace corps. Hanging outside my office is a letter i wrote to jfk asking for information about the proposed peace corps. I never got a response. To find out more about these jfk centennial activities, check the jfk centennial website, jfkcentennial. Org. Today we are privileged to hear from president kenne
Temps and Julie Grauert with live drive time traffic. Julie real headache on the roads this morning because of multiple and rule one steady heavy volume and 93 south backed up but we are getting relief from the triple digit drive times on 93 and eastbound 495 to mass ave and 37 minutes on expressway and hour and 40 minutes on 93 south as you approach the zakim bridge. Daniel Police Confirm two people hit by car on wyman street and one person taken to the hospital with extremely serious injuries and scene very active and wyman street could be closed for most of the day. Police also urging drives to avoid the area altogether. The scene. As soon as we can get more information we will have a live report. Julie video show you of mother reunited with child. Daniel for mom it felt like eternity and live on washington street where, stephanie, the car was stolen. Stephanie actually iddolling at gas station on washington street. This is what happened. According to Boston Police the mother says t
Temps and Julie Grauert with live drive time traffic. Julie real headache on the roads this morning because of multiple and rule one steady heavy volume and 93 south backed up but we are getting relief from the triple digit drive times on 93 and eastbound 495 to mass ave and 37 minutes on expressway and hour and 40 minutes on 93 south as you approach the zakim bridge. Daniel Police Confirm two people hit by car on wyman street and one person taken to the hospital with extremely serious injuries and scene very active and wyman street could be closed for most of the day. Police also urging drives to avoid the area altogether. The scene. As soon as we can get more information we will have a live report. Julie video show you of mother reunited with child. Daniel for mom it felt like eternity and live on washington street where, stephanie, the car was stolen. Stephanie actually iddolling at gas station on washington street. This is what happened. According to Boston Police the mother says t