what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt
Of emmys for it, like six consecutive emmys for it. She plays Vice President selina meyer who issi just this instany iconic american tv political figure. If you have ever seen, even if you havent, you probably know about the character. Shes really ambitious. She wants to be president , not just Vice President , and shes also just a total disaster. Shes this craven and calculating political animal, but she spends all her time havingll to put out fires of he own making, fires of her staffs own making. Shes justow a disaster. And one of the sort of signature production things in the show, one of the things that the show does to great effect is that they use every last second of the show, during the end credits of each episode, the image on the right side of the Screen Squishes down a little bit, and they highlight in this while the credits are rolling, they highlight these campaign screwups and their various pr disasters. The end credits are like the best thing in the show. The end credit
Just Vice President , and shes also just a total disaster. Shes this craven and calculating political animal, but she spends all her time having to put out fires of her own making, fires of her staffs own making. Shes just a disaster. And one of the sort of signature production things in the show, one of the things that the show does to great effect is that they use every last second of the show, during the end credits of each episode, the image on the right side of the Screen Squishes down a little bit, and they highlight in this while the credits are rolling, they highlight these campaign screwups and their various pr disasters. The end credits are like the best thing in the show. It the end credits in one show might be her ranting to her staff after a puff piece Television Interview turned out to be substantive or her awkwardly trying to connect with High School Students who are visiting the Vice President s office. If you have seen the show, you know about this excellent trickn bas
the first tee shot was hit around 6:30 this morning, and watching all the action today our sports correspondent, andy swiss. bright skies, big crowds, and huge anticipation. as the golf world descended on the wirral, a local lad got the ball rolling. on the tee from england, matthewjordan! matthewjordan has played at hoylake since he was seven, and the qualifier set the early pace with a round of 2 under. dispatched further to the target. but soon an even more unlikely name led the way south african amateur christo lamprecht. this is astonishing. 6 8 , and making a big impression. as for the defending champion, well, australia s cameron smith made a wobbly start. but he too is beginning to find his touch.
nine times out of ten, it winds up being a recession or worst. we might be seeing the first whisperings of that. companies scaling back or slowing hiring. you heard of twitter, which is rescinding job offers to college graduates. it s extended to outright job cutting and a big name led that charge today. let s go to charlie gasparino on that. hi, charlie. neil, it s been baked in that microsoft will cut its work force less than 1%. it wasn t known is the number. the number has people raising their eyebrows inside microsoft. it s more than 1,000 people. this is this is a big thing if you re a microsoft ploy year. rarely does this company lay people off. i can t remember the last time announced lay-offs. may have been during the tech bubble bursting in the 2000s. so this is a big thing. it s probably going to be a harbinger of more to come. as microsoft goes, the rest of the tech world goes. the other tech companies like