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Good wednesday morning, welcome to squawk alley. Im carl quintanilla, obviously a big day for earnings were watching the hill, the ftc and facebook is the big news a News Conference on that 5 billion fine over data privacy issues is going to start in awe if moments. Were going to take you to washington when that begins, but the swirl of agencies circling the company, ftc, who knows what the doj has in mind and well get a clearer picture of what the quarter looks like tonight. I dont know why it feels like something shocking is happening. Weve known this fine is coming for a long time, a big fine, but somehow to see 5 billion written down then more interesting to me, the restrictions and the oversight, the committee within facebook that looks like maybe its been structured in a way where Mark Zuckerberg doesnt have total control over this piece, you know, the ftc making the ....
Starts now. Volatility steals the show, while those in the bond market and caught wall streets attention. Jamie dimon says to prepare for the entire curve to move up 100 basis points. Bill gross says to invest in the curve that he sees turning from inverted to positive. We begin with the big issue how much longer until this Strong Economy breaks . Strong consumer numbers in the gdp data. Gdp growth of almost 5 . Looks really good on the surface. Consumer spending is the driver of the economy. Consumer spending of 5 . Inflation is something that is still really casting a long shadow. The fed is looking at at all of these datas that juxtaposed with inflation thats still do i. We have up test we will have a hawkish look out from the fed next week. I feel like this is the deal with the devil now. If the Federal Reserve wants to back off with rate hikes, and say the market will d ....