Moments from now, President Biden expected to tout a rosie economy from the rose garden. Timing could be worse. Will he address the harder than pected Inflation Report . Will he mention the new tariffs on china that could raise Consumer Prices even mor or a new report showing credit card dinquencies are soaring past prepanmic levels . Haggerty. Rd from bill hour. To geto this our. Weome. Get stted. To cavo coasttocoast i am Cheryl Casone he in for neilavuto. Ale picture fromhe rose garden where President Bidens set give a speech on the economy, jobs, follong big newsn inflation and tariffs. Edward lawncstanding bat the white house with the latest. Eporte month oventh, harder than pected. Seng the fed chama taking longer than excted to co no rate ts in the near term and the cpi inflion report flation, 3 is a trend, four consum. E big proems for the the present is set to announce tariffs, heants t add chinese imports one hured tariffs taffs on electrical vehicl from china, 5 on solar cel
Actually, 59 minutes left in the session, and the nasdaq is on record watch. The techheavy index must if finish up more than just about 54 points, 53. 96 to be exact, to notch that record level. Right now, as a you can see, up 1 is19 points is19 points. So far, so good. Were going to keep a close eye and bring you updates throughout the hour. The dow and s p 500, well, theyve been straddling the flatline all day, but right now both in the green after this mornings Producer Price index showed hotter than expected inflation on a month if over month basis. Inflation was, however, basically in line with expectations. Yearoveryear. In response to the report, Federal Reserve chair Jerome Powell said, well, given the data the feds next move would unlinely be a hike. Good with for the unlike hi. In fact, he indicated that the current policy rate could last longer. But, of course, investors waiting for more clarity on Interest Rates. They will see tomorrow what aprils Consumer Price index tells
Perjurer and his word versus, you know, the truth, quite frankly. You have the District Attorney of San Francisco whos arguing against prosecuting crime, against prosecuting drug dealers. When joe biden tells young people and all the American People that bide mom pick es is working bidenomics is working, you are a flatout, boldfaced liar, joe biden of. Take a look at me now cuz theres just an empty space stuart all right. It is, whats this song . I cant see is it. Against all odds, phil collins. Kind of faded and disappeared, didnt he . All of a sudden. All right. I dont know much about it, so ill get on with it. [laughter] 1 1 00 eastern time. It is tuesday, may the 14th. Happy birthday, emma, my daughter in florida. Thank you very much, indeed. Check the markets, why not . 52 points up for the dow. Nasdaq up 63. If not much price trend this morning. Mostly higher but not much. Now show me big tech, please. We have a mixed peck which are there as well picture there as well. Mostly win
Gold with the worst day yesterday down 1. 3 . Copper up 2 . It hit its highest level since april of 2022. We have been waiting for home depot. It hit. 3. 37. Closed at 3. 40. The same store. 3. 2. Overall, same store is down 2. 8. It was 3. 68 a share. Oh, its all on the teleprompter. Ill read it now. You heard this already. Home depot just reporting. 3. 63. Revenue missing. 36. 42 billion. 36. 66. I dont think those are people are expecting down 3 to 5. The same store sales fell 2. 8 . People were expecting 2. 2 . Ted decker saying the company is still seeing, in his words, continued softness and certain larger disregucdiscretionary pr. It is expecting sales growth of 1 . Lets bring in brian nagel for more. Still seeing same store sales. Brian nagel with oppenheimer. Brian, you figure the stock recently has been a little weak after a pretty good rebound after prior weakness. You dont think it is cheap . Good morning, joe. I dont think it is cheap. That is the key reason why i remain o
This is one of our favorite songs to start monday morning. I feel good. Cloudy new york city. Good morning, everyone, it is 10 00 oclock eastern lets get to the money on the monday morning heres whats happening the first day of the week the dow was up 100, nasdaq of 26, green lefthand side of the screen ten year treasury around four and half level we have 447 at this point, the price of oil backing a little bit away from 80 a barrel but not much, 79. 21, bitcoin not that much action, 62700 per coin thats the market on a monday. New jersey is a deep blue state, trust me on the side live there, its run by democrats top to bottom so it was surprising to see donald trump attack a massive crowd 80 100000 people flocked in wildwood saturday. That is on the jersey shore, next to the key state of pennsylvania. The media does not want to know about the biggest political rally in new jersey in decades, they were looking for any and all negatives. Trump insults prosecutors at jersey shore valley