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hello. we ll have much more on our breaking news here in just a moment. a russian jet striking a u.s. drone over international waters in the black sea. first, though, today, a collective sigh of relief after the latest inflation numbers and a market rally have the u.s. stepping back from the brink of economic disaster. inflation has cooled for the eighth straight month with the consumer price index at a level we haven t seen since september of 2021. that doesn t mean the prices are back to normal. any trip to the grocery store makes that very clear. but overall they are trending in the right direction. right now regional banks are rebounding. there you see some of the surging stocks and paired with that deposit outflows are apparently slowing, meaning the collapse of two banks in recent days has not as of now sparked a domino effect. but moodies has just down graded its outlook for the entire u.s. banking sector. matt, what a difference a day makes here, right? first re ....
Makes here, right? first republic was under serious pressure and now it is leading the market rally. what is going on? the worst over? let s hope so. it does seem like cooler heads are prevailing. let s look at the bank stocks. regional banks got clobbered yesterday. first republic was down 62% yesterday alone. look at this. up 48%. we re seeing across the board gains, western alliance, all of them moving higher. this is encouraging. remember, banking and finance, this is really a confidence game. when people are not confident, they will take out their deposits. unfortunately that is what we saw late last week leading to this collapse of silicon valley bank and signature bank. what u.s. officials have done is announced this shock and awe rescue plan trying to save the depositors, trying to get confidence back and in an encouraging sign a u.s. official from the treasury department says deposit outflows are what ....
Gap and obviously will be harder for the incumbent governor to make up. and to continue your gambling met or thes, neil, there are very few people that would safely bet on red right now. you re not going to put it all there. the laxalt campaign more confident, they say, than the numbers would perhaps indicate, neil. neil: you would bet on the breakfast buffets, jonathan. thanks very much. my thin friend. that is the difference between you and i. i know it s important there. another big development today is the bet that investors are taking. take a look at this. the corner of wall and broad across the board gains. that was the inflation report. this is the big story and the reaction to that. the bottom line is stocks finishing at their highest advances that we ve seen in the case of the nasdaq and s&p in two years. it s not that inflation has gone away but the latest signs that ....
Help me and my peeps is getting hosed! i love that one. that is a very good rhyme. futures are higher this morning because the hope there is some sort of a short-term deal. even the whiff of a short-term deal and kicking the can 15 inches down the road is good enough here to get the stocks higher and avert ago financial crisis by not raising the debt ceiling is what they are hoping for here. stock futures across the board gains right now. the dow 92 points and if it keeps building a triple digit move higher. word that house gop leaders will meet with president obama for the first time since the shutdown began. the broad idea there could be where they can push for a bigger deficit reduction deal. the debt ceiling is the central focus of the treasury secretary. you reported already he is appearing before the senate finance committee in less than three hours. he says he has exhausted all of the tricks in his bag and october 17th one week is the day ....
Economic data. you mentioned housing, that was weak, manufacturing was weak. a lot to digest. bank stocks are higher across the board, many of them up over 1%. general motors, we all own a part of gm that too holding its initial offering price of $33. amazon shares hitting a new high today, up more than 5% obviously everybody is waiting for black friday and come cord is predicting that more people will be shopping online, up 11 perfected that is some good news there. ebay, over stock.com, and tiffany and guest doing particularly good. both reporting a good quarter and good forecast for the year ahead feeding those analystess phaeutsz. across the board gains are here and the bulls are back for now. jon: thanks nicole. happy thanksgiving. jenna: jenna: new information on the nation s terror alert system. ....