Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
Wide, but the main event is fixed income. Treasury yields at new highs. Lisa the highest levels going back to 2009. Around the globe you are seeing this push upward in yields. Is it because of inflation, because there are not going to be as many buyers for this debt . For is this the wholesale figure out as people capture this yield for a longerterm . Jonathan what a pain. The fx market right now, this might hurt. Lets have a look at the offshore human, taking a move lower. China told state banks to escalate human intervention this week. What is that about . Lisa beside father the lowest level in 15 years. That is as you look at Economic Data coming out that was weaker than expected. The intervention has been settled or growing has been subtle but growing. We heard that the peg was unusually below where it was supposed to be trading in the free market. At what point can china control the narrative through market manipulation . Jonathan lets see if that exit difference. We have been rep
Featuring the 8g band with rick smith [ cheers and applause and now, Seth Meyers Seth good evening, im seth meyers. And this is late night. We hope youre all doing well and now if you dont mind, were going to get to the news President Biden spoke to Britains King Charles yesterday for the First Time Since Queen Elizabeths passing. I cant believe you waited your entire life for this lousy job, said both of them at the same time [ laughter ] a possible National Railroad strike was averted today after 20 hours of talks between the unions leadership and labor negotiators from the railroads 20 hours of talks that were very annoying to everyone else in the quiet car. [ laughter ] [ laughter ] House Speaker nancy pelosi told reporters at her press conference yesterday that she expects democrats to introduce legislation next month to regulate stock trading among members of congress. Or as she told her stockbroker, sell [ laughter ] according to a new book, then white house chief of staff john
Dgeon go blue luke is an author and an Emmy Award Winning journalist who served as an nbc correspondent from 2008 to 2016, primarily american politics. He was on popular outlets as nbc nightly today, nbc and msnbc. After leaving, russert embarked on a three year, six continent travel expedition that took him to nearly 70 countries. Published by harper horizon, his first book and look for me there is a reflection of his deeply personal journey across many diverse external places. He is the son, the late tim russert of meet the press and vanity fair writer maureen orth. Russert resides in washington d. C. With his pug and going to butcher this, i bet shock of shock imo. You may have to explain that a little bit for. All right thank you. So help me. Welcome. Luke russert, andrea you. Thank you so much leland for a wonderful introduction and its thrill for me to be at cramers because my publisher said we where would you like to speak in washington. And i said, well, itd be disingenuous if
E had the late 60s movement the unrest and taken their own laws into their own hands and silencing the debate and all of that shaped him in ways that made him a better judge and a better justice. You could not understand how we got to be Justice Scalia without understanding the elements of his career. James rosen with his books scalia sunday night on q a. You can listen to q a and all of our podcast on our free cspan atat. Lucas and author in the journalist who served from 2008, 2016. Nightly today, nbc and msn. After leaving, russert embarked on a three year, six continent travel expedition that took him to nearly 70 countries. Published by harper horizon, his first book and look for me there is a reflection of his deeply personal journey across many diverse external places. He is the son, the late tim russert of meet the press and vanity fair writer maureen orth. Russert resides in washington d. C. With his pug and going to butcher this, i bet shock of shock imo. You may have to expl