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And all right, there may be no hope to tame inflation. That is the subject of the riff. Stock market bulls continue to taught Federal ReserveInterest Rate cuts but latest fed minutes out today throw cold water on that. The stocks dont need extra juice from the fed. Consumer prices increases around 4. 5 annual rate over first third of the year. 20 over course of joe bidens presidency. Prices risen faster than wages during mr. Bidens term. You could addon personal borrowing costs. Like car loans, home mortgages, credit cards. All those are not counted in the cpi but they weigh heavily on families. Then there is never ending biden spending machine. And soaring deficits and debt that go with it. You are looking at two trillion dollar deficits as far as the eye can see. The root cause of those, is over spending. Which is running nearly a quarter of gdp, that is a peacetime record ....
And all right, there may be no hope to tame inflation. That is the subject of the riff. Stock market bulls continue to taught Federal ReserveInterest Rate cuts but latest fed minutes out today throw cold water on that. The stocks dont need extra juice from the fed. Consumer prices increases around 4. 5 annual rate over first third of the year. 20 over course of joe bidens presidency. Prices risen faster than wages during mr. Bidens term. You could addon personal borrowing costs. Like car loans, home mortgages, credit cards. All those are not counted in the cpi but they weigh heavily on families. Then there is never ending biden spending machine. And soaring deficits and debt that go with it. You are looking at two trillion dollar deficits as far as the eye can see. The root cause of those, is over spending. Which is running nearly a quarter of gdp, that is a peacetime record ....
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was se ....
Equity markets come up switch up the board. The weaker dollar story, stronger yen. It is just the movement at the front end of the Treasury Curve driving the fx market. The curve more sensitive to what the fed may or may not do. Rates stand low for longer. We are just getting headlines from valeant. It isonth comfortable with the current liquidity decision. Airport in brussels will remain closed after last weeks terrorist attack. Senting passengers will be to the hangers to collect their bags and the departure hall will handle 1 5 of the normal flow of passengers. According to police, the what isasked someones post do when he has not seen his wife and children someone supposed to do when he is not seen his wife and children in 24 years . Republican president ial candidates backing off their promise to support the partys nominee. He does not says feel beholden to the loyalty pledge because hes been treated very badly. Yellen, it se ....
Chart. That is all ahead on bloomberg best. Alix hello and welcome. Im alix steel. This is bloomberg best. Rubio of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets take a day by day look at the week top stories. Starting with a surprising turn in apples legal showdown with the u. S. Government. Department of justice withdrawing legal action against apple. After the fbi successfully bypassed a law without apples help. The fbi has successfully been able to access information it was seeking from the San Bernardino shooters iphone without the assistance of apple. Looks like there was a third party involved that gave them the technical capabilities to do that. Likely some kind of mobile Forensic Experts they had contract with governments in the past. It looks ....