thiessen live coming up. john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. i m john roberts in washington. sandra, double duty today. sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying today s data does not reflect the full impact of nearly 30 days of decreases in gas prices and other commodities like wheat have fallen sharply since that report. john: americans are not feeling any relief, as the labor department shows, paying more for gas and cleaning products compared to last year. we begin with fox team coverage. lydia hu live in new york city with more on the inflation impact on food prices and jacqui heinrich from jerusalem where she is travelling with the president. j
And sen ticentrica shares s disappointing second half after losing 823,000 customers in four months good morning welcome back to the show i have some pretty good news when it comes to the eurozone for pmis, for november all three headline pmis above the forecast for the reuters polls, and the forward looking indicators pointing to a busy december, according to ihs market. The pmis pointing to Third Quarter gdp growth of 0. 8 those are strong numbers, just to give you one of the lines here the november composite pmi flash at 57. 5, well above expectations i should tell you that the euro dollar has risen over the last 45 minutes. Its currently up by 0. 2 . In part because the french numbers blew it out of the water. Looking at components like jobs growth, the fastest since 2001 the german numbers also easily beating expectations thats helping the euro dollar currency want to show you the equity space. One hour into the trading session, the stoxx 600 is down ever so slightly to the tune o
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
Manus welcome to i am manus cranny. Welcome to the pulse. I am manus cranny. The story of day from the asia. The president of toshiba along with two other executives, their resignation and their formal News Conference and this was a 1. 2 billion scandal restating their earnings over the past six years, unrealistic led to what is a systemic flawed accounting process, challenging the culture within japan. Probably one of the single most important issues that will be addressed here which is so much power for people as of the top and no way for anybody to really challenge the toshiba accounting methods. Everything from Nuclear Reactors and ships. A is now falling on hisao tanaka the president. If we have any headlines, we will bring them to you. Our top story and that is commodities. Bloomberg commodities index dropped to a 13 year low yesterday. Right . Ryan you have to go back to 2002 to see Commodity Prices where they are now. A fiveyear low. 2012 when we had the darkest days of the eur
Steady at 7 as expected. They have seen a lot of the inflation pressures ease in the eeks of september. A lot of economists do not expect to raise rates next year. Theyre holding with their Interest Rates at 7 . Let us look at dollar peso. Dollarooking at a weaker story. That has been a trend since the beginning of this year. The bank of Mexico Holding in. Let us circle back and look at the u. S. Scarlet was talking about tax reform. The euphoria is here. All of this was right on the screen. We are finally seeing some of the euphoria come back into the get thiserhaps we will done. Im sure there will be a lot of lobbying efforts. I will note that the dow is posting the biggest gains. Up 0. 2 . Highseaching record coming up 0. 4 . A lot of this has to do with the strong gdp number we saw. The second revision was 3 , up atm the first front we saw 2 . When the economy does better, we are shipping goods all over. For fedex, i will give a shout out to my producer who pointed out a cool story