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CNN Early Start With Christine Romans June 4, 2024 09:53:00

I mean before this banking crisis, almost all the data since the last fed meeting has come in stronger than expected, whether it s in just about everything except for housing. quite frankly, alright, kayla brune. thank you so much. nice to see you this morning. have a nice day. thank you all right. eight celebrities, including lindsay lohan and influencer, i guess jake paul charged with illegally promoting cryptocurrencies. the securities and exchange commission is finding them $400,000 for failing to disclose that they were paid to promote crypto. six of them have also agreed to return what they were paid for the promotion. to cryptocurrencies tronics and bit torrent were sold by crypto engineer entrepreneur jason sun shone there after he paid millions of dollars for lunch with warren buffett. he was also charged wednesday. not warren buffett. that guy just in time, right? next america is about to meet the boss at tiktok. can he convince lawmakers not to ban the app in the u. s and a ....

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CNN Early Start With Christine Romans June 4, 2024 09:50:00

From the bank of england is due out later this morning and on wall street stock index futures trying to find their footing here today, after a rough day yesterday, look, the dell fell more than 500 points after being up 200 points earlier in the day , the nasdaq and the s and p 500 each fell more than 1% look. investors were considering comments by the fed chair jerome powell, and the fed s decision weighing over all of that. and inflation watch gas prices held steady at 3 40 for a gallon and weekly jobless claims from the labor department are due out at 8:30 a.m. this morning eastern time. alright, let s bring in kayla brune, economic analyst at morning consult. so nice to see you. let s listen to how jay powell explained the fed s decision. we no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. instead we now anticipate that some additional policy affirming may be appropriate. so that s sort of the money soundbite there. some additio ....

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CNN Early Start With Christine Romans June 4, 2024 10:48:00

Ago. that s 7.1% annual inflation rate is painfully high but it is cooling from the extra $493 a month that they were paying in june when the rate was 9.1%. looking at markets around the world, european markets are up a little bit. the european central bank and bank of edge gland will announce rate hikes. stock index futures are leaning down just a little bit but very indecisive. stocks rallied after the release of a cooler than expected inflation report. the dow is up much more than 700 points. the latest cpi report shows consumer prices up 7.1% last year. still not normal but down from the peak. it may be evidence of fed s evidence is working. gas prices fell by 4 cents a night at $3.21 a gallon. let s bring in kayla brune. cooling but still not normal ....

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