That macro picture. Consumer prices down. Retail sales flat. Jamie dimon calls on the u. S. To get its fiscal house in order. Plus the intensifying a. I. Race. Google is rolling out its most powerful a. I. Assistant yet. And a Bipartisan Senate group out with a new report on how best to regulate the technology. Sara eisen is live from jerusalem, speaking oneonone with israeli Prime Minister Benjamin Netanyahu. Lets get to the cpi print. As we pointed out, 3. 6 core year on year, jim. More than half is gasoline and shelter. Its only going to get better. Gasoline, obviously, oils come down. Iea with some reports saying its not shouldnt even be at this level. Food, were starting to see some things in food that indicate that things are getting better. I mean, for instance, one of the things they said that was bad was cereal, but as we know, david, i told you that kelloggs says theres too much cereal. Were going to see buy one, get one. The things that people are being hurt by, except for s
Let the games begin. It is a 15 round heavyweight contest between joe biden and donald trump starting june 27th, with a rematch promised on september 10th. We have boking greats joe concha and mark simone with the playbyplay. Steve forbes and steve moore on bidenflation. Chuck grassley on bidens green tariff war. Claudia tenney on the new bill to ban suck a zuckabucks. Marsha blackburn on the border catastrophe. We have Edward Lawrence right in the white house in the boxing ring. Edward, lets see you get in shape. [laughter] laugh. Reporter to quote a famous movie that escalated quickly. President donald trump, excuse me, President Joe Biden this morning issued a tweet on x, posting a video asking for two debates. Within two hours former President Trump accepted that debate challenge. The first one you mentioned, june 27th on cnn the second one september 10th on abc. Here is how President Biden made the ask this morning. President biden President Trump lost two debates to me in 2020. H
Ashley no robot could ever replace charles payne. Thank you very much. Good to see you. Time to crank up the duke box. Bad news is good news onp and nasdaq trading at alltime highs, up to the Consumer Price index, lighter than expected. We are on record watch for all three major averages, the dow needs to close 249 points to make history. It is on course, up 274. The s p has had an intraday high, finishing 7. 7 points to set a new mark, 53. 49. Any game for the nasdaq will be a second straight, it is up 250 points. The green on screens likely on rate cut hopes, the april cpi more than expected month over month with annual expectations, poor cpi met expectations coming in at 3. 6, the smallest annual cpi growth in three years and the slowing economic picture retail sales for april coming in month over month after wall street was expecting a 0. 4 rise. Neil cashcari says americans are spending more than he expected. Rates probably need to see where they are until more inflation data is c
Continues to rationalize the data in absence of positive inflation what is seen as good news but there really has been an avalanche of bad news but ambrosia for market bulls. It seems contradict at this. Well get right to it with alli mccartney and Adam Kobeissi on deck. Forget about earnings season, folks, if you want to see stocks take off, Pay Attention to conferences that calendar is filling up. Well talk about the ones that might move the most. Wall street legend jim grant on the path of fed moving forward, why he says the chance of rise in Interest Rates the next 12 months is higher than the market is expected. My take on the replacement theory that no one seems to be concerned about. All that and so much more on making money. So, the floodgates have opened, right. You know the story, open sesame, the door opens, closest is a me, what did he see . There it was all around a heaps of sparkling jewels and piles of gold. You know i thought about alibaba in that line when i was thinki
City this morning, good morning. For our audience worldwide, this is bloomberg surveillance coming in to wednesday with the nasdaq at alltime highs. Equity futures just about positive. Your lineup looks a Little Something like this. Cpi data in america alongside u. S. Retail sales Neel Kashkari, nikki bowman with a lot to say about this inflation backdrop. If they really want to give some sort of hawkish message this market is not listening. They want to rally on the disinflationary pivot regardless of the data it gets. Fed chair powell yesterday coming out saying hes less confident in the disinflation narrative we are seeing near alltime highs in a massive rally in bonds. The consensus is overwhelming. I was going through the estimates. 68 estimates into the survey. 63 of them have put down 0. 3 percent for core cpi. Annmarie we also have retail sales which a lot of people are saying might be more important because we get three point whatever it is on cpi. The fed needs to see consist