Report. Now, were going to go through all the numbers in a moment, but that headline number, inflation 3. 4 , thats going to be factored into the federal reserves Interest Rate strategy, all right . If heres the markets reaction. Investors like this. The dow industrials up maybe 150, nasdaq up maybe 80, 90 points. Ful the 10year treasury yield, its coming down. Its off 7 basis points, all the way back to 4. 36. Stock Market Investors really like that. The 2year treasury yield also on the downside is, 7 basis points, 4. 74 right there. Bitcoins going up, 63,7000 at latest count. Gold is going up, 2376. Its up 16. Oil, not Much Movement. Youre at 77 a barrel, and gas, again, not Much Movement there, its at an arrange price of 3. 60 for regular if diesel, no change, 3. 93. All right, lets get to politics. Biden does it again can. He says inflation was at 9 when he took office. It was not, it was 1. 4 . Why does the president repeat the error . He seems to be denying reality. Hes imposed h
Maria good wednesday morning everyone. Thank you so much for joining us this morning. I am maria bartiromo, wednesday may 15, your top stories, 6 00 a. M. On the east coast. The big test that markets have been waiting for the april Consumer Price index revealed at 8 30 a. M. Eastern, features searching for direction ahead of the muchanticipated inflation reading after three straight months of hot showings of elevated inflation. We are all over it, all hands on deck with the best analysis and smartest conversation coming up with impact on the fed rates and prices we will all be paying coming up retail sales this morning as red lobster Seafood Restaurant declares bankruptcy and start liquidating stores commodities on fire, take a look at copper at record highs this week and trading higher once again up another 3 right now european markets are mixed and fractional moves across the board in the eurozone, same story overnight in asia, fractional story there mix moves across the board. Presi
Institutional investors. Black rock, hamilton, and others. Black rock, hamilton, and others. Matt thanks to an amazingly generous policy, here at bloomberg lp i have been on paternity leave for the past six months. I thought it would be interesting to look at what fidler has done over that same time. No surprise, it has absolutely soared. Up 70 . I get a lot of fun for that. But, there is an l. Trading volume as well. At least in terms of name, symbol, logo. Crypto token and the Company Going from nearly zero to almost two cents. Thats a lot. Sonali it is. We will discuss it with a reporter who reported on this. What happened this week . The names the same but are not actually affiliated with the projects or companies. In that case, if you were looking at the gmc token you just had on screen, even if you bought right before the token jumped when the tweeter came out monday you would still be up compared to what people are getting in shares. Matt it seems to be worth more than it should
Consumer prices tomorrow, Producer Prices out about half an hour ago. Heres what we have. In april, prices paid by businesses went up a much bigger than expected 0. 5 . That is the hottest read sense february. Over the last year, Producer Prices went up 32. 2 2. 2 , and thats the highest since april of 2023. A strongen Inflation Report today. Heres the market reaction, subdued. When those numbers first came can out, the market went straight down. Weve recovered a lot. The dow is actually up 20 points, the s p is down a mere 2, and the nasdaq down 40 points, thats it. The 10year treasury yield with, well, thats moved up above no, it just dropped back below, it was just above 4. 5 , now its 4. 49. Virtually unchanged. The 2year treasury, that also came down a hot. Actually, im sorry, it went with up a lot right before when those numbers came out, but now its moderated. Youre at 4. 86. So not its really a muted reaction to the inflation numbers. Bitcoin, 611,000 611,000 and change. Oil, r
This is making money. Breaking right now lots of confusion and anger in todays session. Major indices holding up despite the superhot ppi number and a big miss from home depot but wall street elites are really cursing the move in meme stocks. Not again plus this hot stocks that are benefiting from the baby boom spending. By the way that is not going to stop. You might as well ride the train. We have congressman Burgess Owens with us. He will explain what theyre trying to do to lower the cost of college. Unfortunately theyre getting a lot of opposition from a lot of folks who were the architects of this spike in the first place. My take on china, playing President Biden like a fiddle. All that and so much more on making money. Evolution, revolution, rocket to the moon politicians say more taxes. Stop everything. And the band played on. Charles everybody remembers that great line from the temptations, ball of confusion. I got to tell you, it really seems appropriate for todays session. T