Neil gas driving inflation along with food and hotels, thats the threat sort of like 3 strikes and youre stockpiling is out. Are costing more with the latest wholesale Inflation Report. We will not see the interestrate cut for 3 more months. The june cut was looking good and more like a given. Now not so much. The headline Inflation Numbers stronger than expected and paroled to higher prices. Consumer is more resilient than expected. Hoping the fed buddies up on Interest Rates when the cost of that gas keeps going up. Larry glaser on what is adding fuel to the fire . Reporter you called it. Gas prices continuing a multimonth high with the nations battle against inflation, two steps forward, one step back. In this battle, what you see is lack of spending is not the problem, they are taking on debt to spending. Credit card debt is soaring, delinquencies, auto loans but also at the federal level, federal debt is soaring. The National Debt rising at 1 trillion. The spending is the issue bu
The real departure point for normalization is july but later prayed the fed will be slow to lower Interest Rates. We are seeing the market fundamentally reassess the outlook for fed cuts for this year. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. The first message i received in the commercial break, im going back to bed. Which i had a feeling some people would have that feeling. And massive week ahead. A recipe for a big week. Nvidia, the investors conference later this morning and a sprinkle of Central Bank Decisions. I cant get past this, capitalism will eat itself and all these interesting things. Becoming more dependent on the state for handouts. Lisa this is the reason why some of these big structural changes matter. The fed and the boj, the Central Bank Decisions are they losing the plot, are they losing the narrative, are they losing the economic trajectory being transformed by other factors including some technological shifts that wi
What do we have to reassess. Jenny was talking about how she was wrong with respect to what the rate was and people are as reassessing what it means. Jonathan let us talk about what happened to the house. The tiktok built breezes through the house and then senators line up to say slow down and we take our time in the senate. This could drag on and on. It can. And you look at the hawks like Lindsey Graham, he was on fox and said it was a good question about how he was gonna vote and he said eileen yes that his concern and he is coming in line where the former president is and that is potentially why he feels that way he is concerned if tiktok is not there where did those individuals go and it is the facebook player, the potential google, x, twitter. And the bottom line is and i am astonished to see yesterday the bipartisan support for passing but also the nos. Marjorie Taylor Greene lighting up with alexandria ocasiocortez, it is not every day. Lisa im curious about this push because of
Kudlow, im larry kudlow. Our own Edward Lawrence sat down for an exclusive interview with treasury secretary janet yellen who doesnt seem to care much that you really cant borrow and tax your way into prosperity. But he will join news a couple of minutes. Well have former omb district tore in the Trump Administration, Russell Vought will join you to talk about it all. Breaking up is hard to do either tictac will have to be banned or bytedance will sell it off. Ftc commissioner car and will way in. Will Biden Administration block weapons into israel . Who knows. Former u. S. Ambassador to israel. He will join us. Voters didnt like bidens state of the union message. Go figure. We have chris lowery, chris bedford. Plus why dont men want to work. David bahnsen will tell us about it. First up exclusive interview our very own Edward Lawrence sat down with treasury secretary janet yellen in, get ready for it, elizabethtown, kentucky. Edward, good work. Report switched us to fnc. Larry i think
Maria good tuesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is tuesday, march 12, you your top stories right now, 6 0. Today inflation on deck. Futures are mixed this morning ahead of the february Consumer Price index out this morning, expectations of a hot reading coming up at 8 30 a. M. Eastern, dow industrials right now down 42 going into the number, the nasdaq is up 62, as all of the democrat spending comes home to roost. The president unveiling five andahalf trillion dollars of new and higher taxes in his massive 7. 3 trillion 2025 budget. Taxpayers get Stuck Holding the bag after all of the president s spending led to 40 year highs. More on the cons m her with consumer with kohlscoming out l take a look at oracle after reporting earnings last night. The stock this morning rallying almost 14 higher on oracle right now. Then bitcoin on fire, touching another alltime high yesterday. Take a look. Bitcoin is pulling back from the record hig