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In Downing Street to a warm reception and set to work on forming his new cabinet. No change in two of the big offices of state James Cleverly remains Foreign Secretary and jeremy hunt stays at the treasury. Suella braverman returns as Home Secretary less than a week after she resigned, and dominic raab is deputy Prime Minister. It comes as new figures show the task in hand with the price of some household basics soaring. You can see on the shelves when you going to the supermarkets, youve got to really think about making better choices. Got to really think about making better choices. ,. , better choices. Ultimately, the cost need to come better choices. Ultimately, the cost need to come down. Better choices ....
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on th ....
years when we came out in the first quarter with a full head of steam every year, that s right, every year we finished up by the end. so what was with all the gloom today? did you see it like i did? i mean, what was that? the house of pain. s&p backsliding .54%. nasdaq down i m sorry, .45%. nasdaq nose diving .87%. that was a downer. dow fell only six points but that was aided by a last-second gain in united health on news of a positive change in medicare reimbursement rules. most of the day, though, it felt like a hangover that no one wanted to get over. from around the first quarter. felt like the doubters were out in full force today. everything from getting the jump on the sell in may crowd. [ booing ] to worries about when europe opens because remember, it was closed. to qualms about the cold weather in march and how it upset the retail trade. you know what? all that stuff, that s just one more reason for you to focus on individual stocks and what the compani ....
plus, when you look at the other years when we came out in the first quarter with a full head of steam every year, that s right, every year we finished up by the end. so what was with all the gloom today? did you see it like i did? i mean, what was that? the house of pain. s&p backsliding .54%. nasdaq down i m sorry, .45%. nasdaq nose diving .87%. that was a downer. dow fell only six points but that was aided by a last-second gain in united health on news of a positive change in medicare reimbursement rules. most of the day, though, it felt like a hangover. that no one wanted to get over. from around the first quarter. felt like the dollars were out in full force today. everything from getting the jump on the sell in may crowd. [ booing ] to worries about when europe opens because remember, it was closed. to qualms about the cold weather in march and how it upset the retail trade. you know what? all that stuff, that s just one more reason for you to focus on indiv ....