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Access to all seven billion people. Woodruff all that and more on tonights pbs newshour. Collette. Celebrating 100 years of travel, together. Bnsf railway. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Carnegie corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff it has been a day marked by major news on two fronts. Republicans in the house of representatives pass a 1. 5 trillion tax package. P ....
Stocks bad and consumer stocks great as institutions made new judgment about their growth rates in a world with a little inflation and potential Federal Reserve hikes. I dont know about the latter but inflation rates coming down. That changes the picture for many, Many Companies that report next week. As we near the end at last thank heavens of earnings season. Lets start our game plan with what might be the most telling statistic out there next weeks Producer Price index. Why that . Everything from your cable bill to copper coming down. I think were seeing prices for all sorts of things plummet. This fact will make it very difficult for the fed to raise rates to september like so many are chattering. We expect a decline in the market immediately aof any rate hike. Well probably get one. Stay tuned it will show deflatio ....