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CNN Early Start With Christine Romans June 4, 2024 10:51:00

Myerson. dan wed. this felt like it was the final verdict of the inflation peaking case here. we re entering a new era and a fed that might be able to slow down. do you agree? yeah. the clock s about to strike midnight for the fed and despite all the talk, i think it s a high game stakes of poker. the street s saying we re in the eighth, ninth inning of the rate hikes and that s why you re starting to see green across the board especially in risk assets. you tweeted and got my attention that this is a good story for risk assets after a rotten year last year. nasdaq is up 5% this year. is there a risk here that wall street maybe underplays the ....

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CNN CNN Newsroom June 4, 2024 14:42:00

Economic report about inflation. you have inflation pce, this is the fed s favorite gauge, 5.5% in november. in normal times that would sound still too hot but coming down from 7%, 6.5%, 6%, now 5.5%. month over month up 0.1%. that year over year number is the slowest since october 2021 when this inflation nightmare began. so that is a good sign here overall. there s some core numbers inside this data that also showed signs of cooling. so when you look at the trend it does feel like the worst of the inflation drama is behind us, with still some more work to go. look, inflation peaking, gas prices down 50 cents over the past month, that may be one reason why consumer sentiment rebounded. gdp grew 3.2% in the third quarter heading into the end of ....

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CNN Early Start With Christine Romans June 4, 2024 10:46:00

Morning, 86. 86 years since florida s orange production was this low. blame a freeze this last january to hurricanes and citrus disease that s plagued the state for decades. that means more imported orange juice and likely higher prices. looking at markets around the world right now, european stocks higher this morning. the e.u. striking a deal to tax imports based on greenhouse gas emissions. european central bank and the bank of england set to decide on interest rates later this week. taking a look at wall street, stock index futures up a little bit after a big rally in the dow. the dow ending up more than 500. s&p up and investors saying a smaller interest rate hike will be in store. gas prices fell another penny overnight. national average $3.25 a gallon. average gas prices in 34 states are lower today than on this day last year. so the big question, in money right now is inflation ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 14:51:00

This is the opposite of a few months ago, the quiet quitting trend and people are exhausted by cooperate america and this is the opposite. you is saying you will work hard core. will you be extremely successful and productive and that will be just a passing grade. he really is laying it out there for the employees. we ll show for sure tonight at 5:00 peopl.m. who decides to go us. help us understand the economic data. you have a fed official saying he believes more rate hikes are needed but you ve also seen some downward trends and consumer prices and retail sales outperforming expectations, what is happening here. how should folks at home understand where the trend lines are. and jim is reading the business section because you nailed it there. the economy is pretty strong still. i mean the consumer is resilient. you re seeing signs of inflation peaking. ....

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FOXNEWS Your World With Neil Cavuto June 4, 2024 21:09:00

Inflation peaking out. while it s high, it fell below expectations. are you hopeful the high prices might max out where they are right now? yeah, maybe we ve hit a peak, sa sandra. it s still at 8%. that s built on almost 9% increases last year at this time. so we re nowhere near the finish line. even if we peaked, we re nowhere near the 2% number that we want to be at and the fed has to get back to. there s still a lot of pain ahead. folks watch the reports and they see 8% and they see stocks go up a little bit because that was less than expected. but they re looking at the butter price. they re looking at the milk price. they re looking at the fuel price. they re saying, guys, it s not that much better for me if this is what you re calling good, you re losing me here. when it comes to politics, the party that will succeed is the ....

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