Number. We get the ppi number and that tells us if inflation is sticking there. It was hotter in january. The tenyear note is sitting below 4. 2 at 4. 198. The twoyear note at 4. 26 . The head of the National Transportation safety board said Security Camera footage showing work done on the boeing max 9 door plug that blew out mid flight has been overwritten. In the letter to the Senate Committee and the chair and agency still lack critical information of the events that led up to the january incident and who performed work. Boeings Ceo Dave Calhoun said he was unable to provide the names of the workers. Boeing has no records of the work performed. Boeing says the company does not retain security footage for longer than 30 days. The work was in the factory last year and delivered in october. More news raising eyebrows and questions. Oh, my. Thats all i have to say. I know. I guess i have seen enough dateline and drama and you look at the footage and you say oh, no. You leave it in. You
Threatening the United States and again, raising the possibility of using Nuclear Weapons as the us is issuing a new warning about putin and news and senator katie britt tonight defiant, speaking out today about her misleading State Of The Union story and the new attention shes getting. Whether she wants it or not. Lets go outfront good evening. Im erin burnett, outfront tonight. Elon musk tells don lemon, quote, contract is canceled and quote now in a moment, im going to speak exclusively with don lemon and he has clips of the nearly hour andahalf interview with musk clips like this one that we receive from dawns Production Team on the only reason im doing this interview is because youre on the x platform and you asked for it. Otherwise, there would not do so. You dont think you do you think that you wouldnt get in trouble or you wouldnt be criticized for the same crossover. I could care less were gonna have more clips from lemons interview with musk in a moment, in a statement earlie
Education without breaking the bank. Bay Area Community colleges now offering bachelors degrees. Were breaking down the new program and how it compares with traditional fouryear schools. This is today in the bay. Thanks so much for joining us on this friday morning. Im kris sanchez. Laura garcia is off. Im marcus washington. Its time to get a look at what we can expect this morning. Developing right now, that situation still nowhere near settled in the island of maui, this from those wildfires. They have erupted this week causing massive destruction and theyre not fully contained. A new drone video shows how extensive the devastation is in the Historic Town of lahaina. The number of confirmed deaths now is at 55 people. Authorities are telling lahaina residents to stay away from the fire zone where they believe more bodies are likely to be recovered. Hospitals are now stretched to their limits, treating the injured, and thousands of people have no power at home. Many people, like this
Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a touch below expectations with year over year rate climb
Results at the bottom of the hour. Markets off their highs of the morning. We did have a little relief trade higher the s p was up more than 1. 1 at the highs, right back to that 4500 level thats been sticky the dow is closer to its highs of the month, actually and the nasdaq outperforming a little bit today as bond yields remain fairly tame, carl. Got the tenyear back to 3. 95 for a moment the vix back below 15 for a moment signs we had gotten used to in july we relaxed a little. The weekly claims is digestible but there was an uptick. Soft landing premise remains intact well see if the markets get tested on that assumption at this point cooler than expected inflation driving markets after that cpi report exfood and energy at lowest levels since october of 2021 but the probability of another rate hike in september down to 10 . Is the fed on the cusp of executing this soft landing many thought impossible joining us pimco managing director josh schneider. New data anything change about