inflation remaining stubbornly high. why this is worse than expected in a president biden from the study because of the white house was celebrating the inflation reduction act which is going to take a long while to make a financial impact. todd: kevin corke s fire, his reign, and you ll live in washington with more on all of it. cabin, good morning to become a mentor, you get the good stuff linebacker it was, let s be honest, and all just a position, right? to be at the white house yesterday, there was this plan is a mark the passage of the inflation reduction act with music legend james taylor, no less. but it was overshadowed by a stock market plunge that sent shock waves across the globe. talk about your fire and rain. the disastrous drop coming after a government report on consumer prices showed much higher than expected inflation persisting, up a crushing 8.3% in august. grocery bills skyrocketing up 13.5%. got a family? you know it s getting up the paper that is all h
Evacuate power lunch starts right now for everybody in Southern California, its been a tough couple of days thinking of you guys the jobs data getting a bump to the bottom line. The nasdaq the bigger winner crude oil had been up 2 before it pulled back the rig counts, by the way, are out any minute now health care related. Alexon and celgene and mylan up as well. Another hot stock today, Sage Therapeutics this is on top of yesterdays 70 gain and the ceo will join us in just a couple of moments and steve, no shortage of stuff to talk about today. No. Very excited, brian. Especially with the jobs report. Lets get to it. Its getting to be routine economists say it should slow because of the population growth, theyre right about that part but the job market keeps surprising to the upside nonfarm payrolls up against an estimate of 195,000. October, september revisions not up much. Hourly average wages up just 0. 2 . And the Participation Rate also at 62. 7 Goldman Sachs saying despite the s
Four governors in the central bank of mexico. It is his first meeting as head of the central bank. In the event of a tie he was expected to be the tiebreaker. It looks like that is what ended up happening. We are not seeing much of a reaction. The dollar versus the mexican peso. We are seeing the dollar higher by a quarter of a percentage point versus the mexican currency. On the bond side as well. Heres the mexico 10 year yield year to date. We have seen a little bit of an increase over the course of the year. 7. 38 at this point in time. Thats what we are seeing markets wise in terms of reaction. Julia . 5 basis points expected and. 5 basis points we got. Joining us with more is carlos rodriguez, bloombergs Mexico Bureau chief. Obviously julie mentioned the personality changes. Are also fighting higherthanexpected inflation and of course they are chasing the Federal Reserve who also chose to raise rates this week. Exactly. It was suspected that the hiking was going to be for 25 basis
Solidly higher, all in rally mode with the dow up more than half a percent, and the s p 500 up, and nasdaq up the most at 9 10 of 1 . For the dow and s p 500, the tech heavy nasdaq up for the first time in five days, putting in weekly gains, and this week we have had the pattern of bind the open and selling the close. Back to last friday, the pattern started last friday of the s p 500 higher midday only two fall. Todays trading higher during the day and finishing lower yesterday, recite a dramatic reversal with highs up more than a percent. We see right now the s p 500 flirting with that top trendline so it will be interesting to see whether or not buyers can hold on. One source of bullish tailwind, rates trading higher. That has been the case more recently when rates are trading lower the has been a tale stocks. Tailwind for that is the degree of sensitivity, but in the last five days we have had strength. There was also a bullish the apartment of energy report, and this was interesti
Address Financial Aid for local museums. This is half an hour. [ applause ] thank you. Already. Lets get to work. We have a lot to do. Mr. President , mr. Speaker, lieutenant governor, fellow state officials, ladies and gentlemen of the general assemble, honored members, members of the clergy and citizens of the great state. Thank you for the privilege of inviting me into the peoples house. Let me offer congratulations to those who have been reflected into leadership position. I want to congratulate new members. I look forward to work withiing all of you. We have lost dear friends who have served in this house. Our hearts are heavy as we continue to mourn their passing. Lets pray for the safe return. Thank you to nancy wine man. [ applause ] finally, i have to find her thanks for my wife, son, and other two sons for their love and support. Great to have katy down here. Thank you. [ applause ] the connecticut General Assembly met in special section. In support of our states economy and