Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th
It wasnt done tightening. Then we had some banks collapse in march. Then we stopped worried about the fed because we figured the economy had it. That led to a wholesale shift into tech. A multimonth run into tech, especially the magnificent seven. So the consumer situation coming together now after weeks upon weeks of pain . That may be what we saw today. The nasdaq jumping 1. 35 . It was a total shakeoff of the endless selling. It didnt happen until later in the afternoon. It is hard to believe the system can repeat itself, i have to say the setup is very similar, even if the starting point is different. We had a replay from march where recession from demand destruction overwhelmed those by inflation or spiral growth that seemed impervious to all the fed rate hikes. Maybe it is the start of something bigger. Hey. Come on. After what we have been through, a few hours of larger prices looms larger than it should. To give you some connect here, lets rewind to spring. We had the collapse
Dostoevsky, it was as if he foresaw that in the 21st century a layer of people would appear who are called foreign agents and whom he described in the person of his hero, pavel smerdyakov. Friday is the birthday of a foreign agent, these same people, there is nothing to respect them for, they are enemies, but they are pathetic. Your brother is there in the donbass in the aurora battalion, how is he alive, no one knows anything, alexander mikhailov, in short, you have to go there, this is war, yes, war, vitaly kishchenko, you understand that i have neither a ration nor a weapon for you, get ready to go to moscow, we are registering your brother in the missing, no, that wont do, i came for him, i have to find him, markins hope, he looks very much like him, sergei gorobchenko. Tell him that he doesnt have a brother, they killed him, alexey shevchenkov, thats where they went on reconnaissance, there were three of them, then, then, i dont know, anton shakin, that means theres still hope the
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Have your company, the Islamic State, targeting football. Now Christmas Markets. Were more familiar with that. But the football this is new territory. Big games both tonight and tomorrow nights being targeted at in spain. Theyve up 2000 extra National Guards on the streets of barcelona a tense atmosphere spain on four out of five on the terror alert list. Will the same come to britain . Well have a full update on that. I want to hear from you. And theres a new way to get in touch with us. Im logged on so you can interact directly with me. Be nice, send your me. Please be nice, send your views post comments by views and post your comments by visiting gbnews. Com. Forward visiting gb news. Com. Forward slash essay visiting gbnews. Com. Forward slash essay. But before all slash your essay. But before all of that, its time for your latest News Headlines and its sophia wenzler. Thanks, martin. Good afternoon. Its 3 01. Im sophia wenzler in the gb newsroom. Your wenzler in the gb newsroom. Y