in order for small businesses to thrive, they need to be smart, efficient, savvy. making the most of every opportunity. that s why comcast business is introducing the small business bonus. for a limited time you can get up to $1000 prepaid card with qualifying internet. yup, $1000. so switch to business internet from the company with the largest fastest reliable network. give your business a head start in 2024 with this great offer. plus, ask how to get up to $1000 prepaid card with qualifying internet. this is gps , the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you live from mumbai, india. today on the program. what to look for around the globe in 2024. what will happen in the world s wars. who will win the many major elections this year? how will the most important relationship in the world between washington and beijing evolve? all of that and more with ian bremer and zany minton beddoes. plus,
this is gps , the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you live from mumbai, india. today on the program. what to look for around the globe in 2024. what will happen in the world s wars. who will win the many major elections this year? how will the most important relationship in the world between washington and beijing evolve? all of that and more with ian bremer and zany minton beddoes. plus, the top economic trends of the world with ruchir sharma. i also talk to a major player there artificial intelligence, a tech entrepreneur who is not a computer scientist by training but rather a philosopher. what does mustafa suleyman say about fears that a.i. might mean the end of humanity. find out. but first, here is my take. the start of the new year is on a time of optimism. but look at surveys from the past few months and you ll find that strikingly high numbers of americans sometimes around three
Katie theres a lot of right on the screen. Big tech also down 1 after the cpi figures with 10 year. Lets talk about that hot inflationary data slamming the door on the june fed pivot. Across the board this came in higher than expectations . Mike both headline and core was up. 4 which pushed up the year over year rate. A big disappointment to wall street. A disappointment to the fed. The fed has not moved its target rate since july of 2023. The inflation rate has stalled out. We have not seen inflation rise since then it has stayed roughly in the same place. It hasnt gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. This means a big change in expectations. The market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. Will the fed ratify that . They dont produce a new dot plot until then but the may meeting
In this hour a strategy in stock picks to help ride out, contessa, the volatility. Hello, tyler. Hello, everybody yields rising, the dollar surging, stocks have given up all of their earlier gain. The dow down as much as 429, now down 1. 3 . The s p off 1. 2 the nasdaq composite down 0. 50 . The nas dabl dak was up 4. 1 at the high the treasury yields, twoyear, highest, yielding 4. 35 tenyear hitting 3. 9 . The dollar index at a multidecade high the british pound falling to a record low against the greenback. The dollar index up 0. 92 . Tyler . Thanks very much, contessa. Lets see where we are because we dont have the prompter the current macro environment is difficult to figure out, but our next guest says you have to respect it, tread a little carefully and stay fully invested for more, lets welcome in jason ware from albion financial good to see you. You say recession is coming in 23, but dont get too grim about it good to be with you, tyler. I think for longterm investors you have
Four years yesterday. We would like to hear what you think about pat to marry patty mariposa proposal that includes spending cuts and tax increases. Here are the numbers to call. Here is the headline in the Baltimore Sun this morning. The budget plan the Senate Democratic plan released yesterday would raise taxes on the wealthy and some corporations we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. Heres the headline in the Washington Times. Thats the direction the Washington Times is taking. We will look at a couple other headlines and how they are covering this story. The headline in the New York Times says we will hear more about that this morning and that is coming into play as well. Lets listen to senator patty murray, the head of the Budget Committee. She unveiled her 2014 budget plan yesterday afternoon. [video clip] are budget tackles this issue the way the American People have consistently said the