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inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business ....
These are the latest numbers. what do these numbers show? okay, these numbers show inflation cooling pretty dramatically at the frakt ri floor and that s what we want to see, quite frankly, 4.6% is the annual inflation rate for the ppi, the producer price index, and month on month it actually fell, prices fell. factory-level inflation down month to month. so that s an important number. when you look at the chart of it, it really clearly shows that a peak has been put in on the inflation front here and dramatic retreat in those inflationary pressures. important to watch there. retail sales a separate government report, very important because the consumer drives so much of the american economy, right? the consumer spent less. consumer spending fell, retail sales fell 0.4% from january to february. still up year on year, these are not adjusted for inflation, but you can see how choppy it s been, the consumer spending number, the retail sales number has been pretty choppy here. ....