The message of inflation is going up in part because of wage pressures and the big drive is driven by shock. So i would kind of do that after the regional whats interesting under further study is that the wage for the u. S. Seems to be working very well. Thats the point and even over time it hasnt flattened very much thats t what mathew made in a nice discussion. Maybe more to see. It might be the call date has changed and they are left out for the cpi or city basket. But in terms in waste space, it sends to be working well and it is left here. Yes, you have raised many important points with your question. I think one way of thinking about it. I think the points you alluded to, those are price changes that are very salient, important for daily life and easy to measure. Its that, if you think about an iphone, lets say you have a price of 999 for the last 15 years, even though an iphone today is a very different animal than an iphone like 50 years ago. So official statistics takes this i
Australia. We are counting down to asias major market opens. The top stories this hour. U. S. Stocks rise at fed speak. Oil holds on fears of an expanding middle east conflicts. Haidi Benjamin Netanyahu says retaliation has only started against hamas, who says they are prepared to kill hostages. Shery but also facing criticism. We saw the s p 500 gain ground today, everything earlier losses. We did get a couple of fed speakers suggesting a more cautious policy approach given the high treasury yields perceived as more dovish so we had u. S. Stocks gaining ground in todays session despite the water risk of sentiment. We also will have cash markets not open today because of the u. S. Holiday. European rates also railing. Expect to see cash trading resume in the asia session in a couple of hours so we could expect yields to slump. Meantime, oil prices continuing to rally at one point in the new york session getting more than 5 . We are still at the 86 barrels 86 per barrel level. Take a lo
Highs. A government shut down averted by now well talk to gary cohen from the white house in a few minutes. And elon musk talking about the race to mars first up though private sectors up 221,000 in the last month upward september and october added jobs later on we will talk to gary cohn the director of the president s counsel. Its up from the prior 2. 4. Look, i have very little to pick on. I think this is a very good number the thing that caught my eye, for that emphasis, what caught my eye was manufacturing added 30,000 jobs, kind of a wr renaissance happening in this country. 2. 6, first time under 3 thats a record low. People making jokes this morning what robot revolution are we talking about. We have workers having plenty of choices. Well, i mean, it may be coming but there are plenty of plants being built when you talk to the Utility Companies whats going on in the southeast portion of the country, tennessee, and kentucky and texas, they cant keep up with the building, and a lo
Good morning. Very warm welcome to Worldwide Exchange here on cnbc im wilfred frost. Lets get to the Global Market picture, after a day when the nasdaq did lead the markets higher, up 0. 5 , the dow up 0. 3. A broad, positive day. 9 out of 11 s p sectors were led higher by the likes of telcos and energy we have green across the screen once again not huge gains, but positive across the three indices 45 points for the dow. S p and nasdaq up just slightly. Tenyear treasury note yesterday moved in a riskon way we saw the yield on the tenyear tick up nicely, close to 2. 4 . Hitting 2. 39 around the close. Just a bit of buying of the bond market this morning, pushing that yield on the tenyear down to 2. 38 lets look at markets around the rest of the world. Asian equities negative. Shanghai down 1. 25 . Hong kong, 0. 6 japan, 0. 3 . European trade is positive but only slightly. Up about a tenth or twotenths of a percent the ftse 100 had a good day yesterday. It was up 0. 8 broader markets for
Was soft in late june when the debt crisis deepened. Thanks were shot banks were shot and capital controls were in place. A key Economic Indicator is pointing down for greece. Manufacturing shrank last month at a record pace. President obama is stepping up the fight against Global Warming. The plan is sure to call plenty of heat. To cause plenty of heat. The president previewed his plan by hosting a video on twitter. The proposal told for reducing emission from u. S. Power plants by nearly one third within 15 years. America accounts for about 1 7 of the worlds in missions, and about half of it is from plants of the worlds in emissions. You can see the president s announcement right here on Bloomberg Television this afternoon at 2 30 p. M. Eastern. A joe biden that president ial campaign may be more than a whim. There is a Political Action committee urging the Vice President to run. Few democrats have come forward to challenge Hillary Clinton. The partys presumptive favorite for the nat