What higher for longer means with Interest Rates. We had conversations yesterday that to me were troubling and i started to think about things. It was transitory. The supply chain part. Transitory. There is maybe an underlining rate of inflation that is higher and it is harder to deal with and it has to deal with crude. It reminds me now it is supposedly not like the volcker era. Wages and unions and workers demanding more. The wage price spiral that picks up and higher wages. Thats what the fed is watching. We paused and only to restart. It was not putting a stake in the heart of it in the first place. A little bit stays and it comes back and you do higher. Stop again. It was the stop and start of the 70s which is what happened. Is that happening again . If you look at inflation in other parts of the globe, it is higher. The uk is operating at 6 . They dobnt have the dollar. That bugs me. 3 . South america averaging 30 . It used to be higher inflation. How many is a candy bar in zimba
I cant watch this. We have what that family under investigation is asking this morning. Game on. Steph curry and lebron james facing off. The warriors and cavaliers going headtohead in tonights superstar showdown, but lebron and what he is saying now about the reigning mvp. And good morning, america. Who is ready for the big showdown . Its going to be a late night but a good one. Lebron james and steph curry, the warriors and cavs for the second year in a row and t. J. Has the assignment out west. That is coming up. First breaking news. Lets look live at this home. S. W. A. T. Teams are surround it in california. It is on fire as you see right there as Police Square off with the gunman who fled after a routine traffic stop turned violent. Abcs Pierre Thomas is tracking all the latest. Reporter good morning, george. That tense overnight and right now police are trying to force the suspect out of a burring house as one of the wounded officers remains in critical condition. The incident b
The s p. Still some market moving data to come this morning. What rivalry microsoft and sales force announce Broad Product alliances. A strategic partnership. Crm the stock benefiting. Speaking of microsoft, Steve Ballmer buying the clippers for 2 billion. The highest price ever for an nba team. Dont break out the champagne just yet. Talk about that big story. First heading into the final trading session of the month, the s p another record closing high up almost 2 for the month and nasdaq up 3 and the dow in positive territory within 37 points of its alltime intraday high. Markets still have Economic Data to digest. Chicago pmi, and speaking of the economy, Steve Liesman will have a live interview with Philadelphia Fed president charles moplosser in the next hr of squawk on the street. Were the only show that brings you plosser, teddy bridgewater and will. I. Am. The stuff you did out, just gripped and learning. Theres learning going we need to learn. Thats what its about for east coa
Good evening, everyone, well, it looks like sell in may and go away didnt quite work out this time. Both the simply and dow closed at new record levels today on the last trading day of the month, stocks lower for today following a disappointing surprise on the economic front showing Consumer Spending in april fell for the first time in years as prices started to inch up. But despite that the bulls persevered. The dow closed at an alltime high, the s p putting on three and a half points to 19,023, but the nasdaq fell five months, for the months the nasdaq was the best, gaining 3 , the dow up 1 , the s p rose almost 2 . And despite the strong gains this month many smart investors are confused. Stocks are up, and so are bonds, not just before the Federal Reserve is buying them. What is going on . Dominic chu has more on why people are so confused. The bulls and bears are both sitting around scratching their heads. Theyre trying to figure out what to do in the current land of confusion. Th
Good evening, everyone, well, it looks like sell in may and go away didnt quite work out this time. Both the simply and dow closed at new record levels today on the last trading day of the month, stocks lower for today following a disappointing surprise on the economic front showing Consumer Spending in april fell for the first time in years as prices started to inch up. But despite that the bulls persevered. The dow closed at an alltime high, the s p putting on three and a half points to 19,023, but the nasdaq fell five months, for the months the nasdaq was the best, gaining 3 , the dow up 1 , the s p rose almost 2 . And despite the strong gains this month many smart investors are confused. Stocks are up, and so are bonds, not just before the Federal Reserve is buying them. What is going on . Dominic chu has more on why people are so confused. The bulls and bears are both sitting around scratching their heads. Theyre trying to figure out what to do in the current land of confusion. Th