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Jun 11, 2024
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that's bloomberg's mike mckee. let's bring this to the markets because joining us now we have the all spring investment senior portfolio manager. let's start on that thought. you think about the economy right now the fact we've been living in this higher for longer environment for what feels like a long time. on the cusp of the fed june meeting how rate sensitive is corporate america and the economy overall now. >> clearly not that very sensitive is mike point out. consumers and business in the last decade refinancing locking in those very low rates. particularly long-term rates so they are really not sensitive to increases in short-term previous cycles. and we've only had one negative quarter in the beginning of 22. so it doesn't look like there's a recession. it looks as if the economy will chug along at a modest rate and inflation looks like it wants to say a little bit higher than the fed's 2% off the break. i think the fed is flummoxed because the market isn't doing what it should do according to their ruleboo
that's bloomberg's mike mckee. let's bring this to the markets because joining us now we have the all spring investment senior portfolio manager. let's start on that thought. you think about the economy right now the fact we've been living in this higher for longer environment for what feels like a long time. on the cusp of the fed june meeting how rate sensitive is corporate america and the economy overall now. >> clearly not that very sensitive is mike point out. consumers and business...
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Jun 13, 2024
06/24
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mike mckee, unexpected more good news for the fed. mike: it appears that way, maybe we are starting to see some possible flaws in that, and that make the why the markets are pulling back a little bit. we did see jobless claims rise, and remember jay powellthere's e same thing happened last year, this exact same week, so does it hold that jobless claims stamped or will we repeat last year's slide back down after a couple of weeks? something to watch. cannot but yet on the fed cutting rates because of that. how about cutting rates because of inflation? maybe there, as well. good news on ppi, down .2% on the month, big surprise. the core flat. but look at why it fell. ecan on the bloomberg terminal, get yourself one if you do not have one. purple is energy, almost all of the drop in last month's ppi comes from a fall in oil and energy prices. does that continue? that is something else to watch. where do we find ourselves at this point because of all this? as you mentioned, markets are pulling back a little bit. basically, they are disreg
mike mckee, unexpected more good news for the fed. mike: it appears that way, maybe we are starting to see some possible flaws in that, and that make the why the markets are pulling back a little bit. we did see jobless claims rise, and remember jay powellthere's e same thing happened last year, this exact same week, so does it hold that jobless claims stamped or will we repeat last year's slide back down after a couple of weeks? something to watch. cannot but yet on the fed cutting rates...
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Jun 14, 2024
06/24
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breaking consumer sentiment crossing the terminal, mike mckee has the details. mike: wall street thinks things are going pretty well but not the american people. the university of michigan headlines sentiment index falls to the lowest since last november, 65 point six, way below the 72 expected. current conditions fall. expectations fall to 67 point six from 68.8. americans did not get the cpi and ppi message come when you're inflation expectations unchanged 3.3%. we have a conversation about this on the terminal. we ask why have americans turned pessimistic in the month of june. katie: you think about the psychology and they could inform their behavior. we had this conversation yesterday. when does bad news become bad news and when should we worry about a growth rollover. does this slightly get us closer? mike: it might get us slightly closer. what would be good to watch it in next week's retail reports, did americans pull back spending in line with their sentiment. do they feel much more pessimistic about things. this is the preliminary index and we will get a
breaking consumer sentiment crossing the terminal, mike mckee has the details. mike: wall street thinks things are going pretty well but not the american people. the university of michigan headlines sentiment index falls to the lowest since last november, 65 point six, way below the 72 expected. current conditions fall. expectations fall to 67 point six from 68.8. americans did not get the cpi and ppi message come when you're inflation expectations unchanged 3.3%. we have a conversation about...
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Jun 7, 2024
06/24
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here is mike mckee.-- no ties. private payrolls up. unemployment rate rises to 4%. average hourly earnings coming in .4%. we talked of that in the under which pushes average hourly earnings up to 4.1%. a move up from 3.9% the prior month. average hourly hours worked, 34.3, which is unchanged. it does not look like there is any kind of change in the economy. we have some revisions to look at. the total payrolls for the month of april. 10,000 less than initially reported. we have 4% forever charlie earnings on the year-over-year basis. only a tick up from that. total revision, 15,000 for the month of march and april. i'm sure this one is probably getting people's attention. jonathan: that was the door shutting on july. that was that noise in the last 90 seconds or so. goodbye july. we are negative by .4%. on the russell, down bigt ime. the bond market. two-year yield with a double digit move in the other direction. up by 11 basis points. ten-year up by 11 basis points. think about where we have been. a wee
here is mike mckee.-- no ties. private payrolls up. unemployment rate rises to 4%. average hourly earnings coming in .4%. we talked of that in the under which pushes average hourly earnings up to 4.1%. a move up from 3.9% the prior month. average hourly hours worked, 34.3, which is unchanged. it does not look like there is any kind of change in the economy. we have some revisions to look at. the total payrolls for the month of april. 10,000 less than initially reported. we have 4% forever...
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Jun 12, 2024
06/24
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mike mckee in washington thank you so much.per dive into the industry we are joined by the chairman and ceo of gallagher. gallagher is an insurance group you don't take on the underwriting risk and just to set the scene for us you're one of the industries that's benefited from inflation over the past couple of years. >> i think that's right. but in a good way. when you see cpi up and down data is continuing to show our midmarket clients have been expanding their businesses. and when businesses expand creates more explosion of sales and payrolls and things like that. businesses buy more insurance. so the economy is good it's good to be an insurance broker. we sit between the buyer of insurance and the seller and we help that relationship i making sure what the client is buying fits their needs and is the most competitive pricing they can get. so we are one of the ones trying to mitigate the cost increase while the same time the business is growing. >> to bring this to may of 2024. inflation in may was completely flat on a monthl
mike mckee in washington thank you so much.per dive into the industry we are joined by the chairman and ceo of gallagher. gallagher is an insurance group you don't take on the underwriting risk and just to set the scene for us you're one of the industries that's benefited from inflation over the past couple of years. >> i think that's right. but in a good way. when you see cpi up and down data is continuing to show our midmarket clients have been expanding their businesses. and when...
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Jun 10, 2024
06/24
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mike mckee is here to break it down. i feel like i am still digesting the friday job spring.ut we are back in the action this week, again. mike: we are back in the action although markets are probably going to be on hold until wednesday morning. i will give you today offer good behavior. a lot of economists have looked to small business for clues to direction on the u.s. economy. that will get some attention. of course, wednesday is the big day. you mentioned cpi and the fed. cpi will be the big one for the week. it will set the tone for trading for most of the summer. we are expecting to see on a monthly basis a little bit of a decline. but, no change in the year-over-year numbers. the opposite is true for the core. what does that tell us? does it tell us that the fed has enough additional confidence to start cutting rates. that will go to the dot plot. we will look at the dot plot first thing to see if they have gone to two rate cuts or even one rate cut. two might be more likely. it only takes one fed official to change their mind to get to two. it would take six to get to
mike mckee is here to break it down. i feel like i am still digesting the friday job spring.ut we are back in the action this week, again. mike: we are back in the action although markets are probably going to be on hold until wednesday morning. i will give you today offer good behavior. a lot of economists have looked to small business for clues to direction on the u.s. economy. that will get some attention. of course, wednesday is the big day. you mentioned cpi and the fed. cpi will be the...
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Jun 14, 2024
06/24
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stick around for mike mckee's interview in a few minutes. that's a big one after this week.berg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. people couldn't okaysee my potential. for. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. >> live from washington, d.c. >> president biden wreps t
stick around for mike mckee's interview in a few minutes. that's a big one after this week.berg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the...
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Jun 13, 2024
06/24
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mike mckee, your take?hin that category it is mostly energy. so, there are a lot of declines at the factory gate, but the big surprise came from how bad energy fell. jobless claims, a surprise because they haven't been going up, but now they did. we will see if this is a one-off. but if it starts a trend or beget at a new trend level, the fed has something to talk about. jonathan: we have had some had fakes on that over the last few months. this is from renaissance macro. the growth on inflation trade-offs for the fed is shifting and getting close to time to recalibrate policy. i imagine we might hear that a few times later today. jonathan: neil, i hear -- lisa: neil, i hear you pounding the table. you are like let's go, let's go. i'm curious why people are not on that page in he is on that page. jonathan: i didn't hear him in the news conference for sure. let's get an update on other stories this morning. it's your bloomberg green with dani burger. dani: tesla, raising prices on its models following the an
mike mckee, your take?hin that category it is mostly energy. so, there are a lot of declines at the factory gate, but the big surprise came from how bad energy fell. jobless claims, a surprise because they haven't been going up, but now they did. we will see if this is a one-off. but if it starts a trend or beget at a new trend level, the fed has something to talk about. jonathan: we have had some had fakes on that over the last few months. this is from renaissance macro. the growth on...
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Jun 14, 2024
06/24
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more coming up, including the outgoing cleveland president sitting down with mike mckee.berg. ♪ gotcha. take that. whoa! bruh! i'm fine. that smack looked bad. not compared to the smack down i'm giving you. you sure you're, ok? you know you're down 200 points, right? lucky, she convinced me to get help. i had a concussion that could've been game over. in actual reality, you've only got one life. don't mess with your melon. if you hit it, get it checked. >> good morning from london. i'm anna edwards. cash trade one hour away. the bank of japan delays bond buying.
more coming up, including the outgoing cleveland president sitting down with mike mckee.berg. ♪ gotcha. take that. whoa! bruh! i'm fine. that smack looked bad. not compared to the smack down i'm giving you. you sure you're, ok? you know you're down 200 points, right? lucky, she convinced me to get help. i had a concussion that could've been game over. in actual reality, you've only got one life. don't mess with your melon. if you hit it, get it checked. >> good morning from london. i'm...
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Jun 3, 2024
06/24
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mike mckee is here to break it down. >> katie, you're looking to trade on the idea of a federate cut, maybe we have some good news for you in a bad news ism. it comes in at 48.7%. that's down from 49.2. the forecast had been, it would go up to 49 1/2 and remember, just a few moments ago, we got that s&p global pmi for the united states. so this one comes in weaker than expected. prices paid always important to the markets down to 57.0 from 60.9. so that comes in on the good news side. new orders fall off dramatically. 45.4 from 49.1. and the employment number does rise 51.1 from 48.6. that might have some people revising up their friday forecast for payrolls. inventories are seeing low. 47.9 from 48.2. remember the g.d.p. numbers last week showed a big drop in inventory accumulation and that suggests if the economy is not going to fall off a cliff, we're going to have to rebuild. overall, that's disappointing number after we've seen some progressing numbers in ism manufacturing and it does keep the fed on track for a rate cut maybe later this year. katie: so maybe some disappointment
mike mckee is here to break it down. >> katie, you're looking to trade on the idea of a federate cut, maybe we have some good news for you in a bad news ism. it comes in at 48.7%. that's down from 49.2. the forecast had been, it would go up to 49 1/2 and remember, just a few moments ago, we got that s&p global pmi for the united states. so this one comes in weaker than expected. prices paid always important to the markets down to 57.0 from 60.9. so that comes in on the good news side....
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Jun 7, 2024
06/24
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mike mckee is here to break it down. you have had about 90 minutes to think about it. what is the takeaway? mike: president biden is speaking. not hard to guess what he will be touting. 272,000 jobs created last month, well above the estimate of 180,000, above pretty everybody's estimate for the month. quite a surprise. we saw a revision to 165 in april from 175. a total of 15,000 over the last two months. that is negligible. the first time unemployment is over 4% in two years. that is largely because of a quirk in the household numbers. they show a big decline in jobs created while the labor force rose put average hourly earnings are up 4.1% year-over-year, bigger than expected rise on the month. some of that may be a calendar quirk. some of it maybe california raising its minimum wage during the month. average hours worked did not change. no sign things are going south. the average hourly earnings number still well above where the fed wants it to be. where they think it would be sustainable. they would still have some inflation worries and that is why people are pric
mike mckee is here to break it down. you have had about 90 minutes to think about it. what is the takeaway? mike: president biden is speaking. not hard to guess what he will be touting. 272,000 jobs created last month, well above the estimate of 180,000, above pretty everybody's estimate for the month. quite a surprise. we saw a revision to 165 in april from 175. a total of 15,000 over the last two months. that is negligible. the first time unemployment is over 4% in two years. that is largely...
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Jun 24, 2024
06/24
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mike mckee was telling us it is the bond market that will be the shock absorber with the top tier data releases. that is with we have seen the past couple years. when you think of the markets the different asset classes, how are you thinking about the bond market, which has been it was like the epicenter of volatility. >> you are right. if you look at what asset class has responded to make row surprises -- microsurprises it is the rates market. not even the bond market because spreads have an absorbed pretty well. but the rates market has not. any up side surprise would be a negative surprise for bonds. we are not anticipating that. the two and 10-year treasury are well win our six month forecast range is we are comfortable holding bonds and investment grade securities recognizing that once we get through this normalization process bonds will resume their role in portfolios. katie: that is the thing, risk control. you think of bonds being back, sure they are back in the sense you were yield, earn income. but when it comes to offsetting losses when you have stock market volatility was l
mike mckee was telling us it is the bond market that will be the shock absorber with the top tier data releases. that is with we have seen the past couple years. when you think of the markets the different asset classes, how are you thinking about the bond market, which has been it was like the epicenter of volatility. >> you are right. if you look at what asset class has responded to make row surprises -- microsurprises it is the rates market. not even the bond market because spreads...
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Jun 25, 2024
06/24
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mike mckee, thank you for joining us, bloomberg policy and economics correspondent.et's turn to the markets. joining us now is stephanie guild, robinhood financial head of investment strategy. great to have you here to talk about what we have seen in the past few days. nvidia, drop, drop, drop. i'm guessing investors, retail investors who are waiting now see this as a sign to get in there. stephanie: when you look at the robinhood investor index that tracks what customers are doing, nvidia is a core position in the top 10. we see customers trading around their core positions. when it goes up, they tend to trim and when he goes down they tend to take opportunity to step in a bit more. my guess is they are probably doing the same for nvidia. matt: people talk about it as the most important stock in the world. there was a split.does that make it easier for retail investors to get indoors the market now where it is easy to buy fractional shares? stephanie: we have fractional shares and you can buy them at other places. i don't think a split is meaningful in terms of inve
mike mckee, thank you for joining us, bloomberg policy and economics correspondent.et's turn to the markets. joining us now is stephanie guild, robinhood financial head of investment strategy. great to have you here to talk about what we have seen in the past few days. nvidia, drop, drop, drop. i'm guessing investors, retail investors who are waiting now see this as a sign to get in there. stephanie: when you look at the robinhood investor index that tracks what customers are doing, nvidia is a...
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Jun 5, 2024
06/24
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up next, we will get the latest spots from mike mckee still with us around the table.ends. —you got this. —thank you. vanguard's retirement solutions can help all your employees be well on their way to their financial goals. that's the value of ownership. ♪ jonathan: we are one hour away from the opening bell. equity futures are positive by a quarter of 1% on the s&p 500. the nasdaq up by half of 1%. in the bond market, plenty of volatility in the last 10 minutes or so. on a 10 year, we will talk more about that data in just a moment. i want to turn to foreign exchange. looking for that first rate cut from a major central bank. none of the others are major. i'm going to keep defending people in switzerland. just about unchanged on the euro. we believe that there. under surveillance this morning, intel announcing another investment program as it works to keep up with competitors. the chipmaker agreed to sell 49% of an irish plan to bring in much-needed funding as the ceo pursues an ambitious turnaround plan. >> this to me as one of the more interesting stories because w
up next, we will get the latest spots from mike mckee still with us around the table.ends. —you got this. —thank you. vanguard's retirement solutions can help all your employees be well on their way to their financial goals. that's the value of ownership. ♪ jonathan: we are one hour away from the opening bell. equity futures are positive by a quarter of 1% on the s&p 500. the nasdaq up by half of 1%. in the bond market, plenty of volatility in the last 10 minutes or so. on a 10 year,...
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Jun 28, 2024
06/24
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mike mckee is with us. morning.t consumer income comes up higher compared to the .3% rise. personal spending, .2%, lower than in the forecast but the same as last month. the pce price index is flat on the montes forecast, meaning that the price index goes to 2.6% from 2.7%. the core is up a 10th as forecast and the core pce, two point 6% on a year-over-year basis. this tells you that economists are getting good at forecasting pce and the fed can continue to look forward to lowering rates without giving us a timeframe to do so. jonathan: this rally this morning isn't disruptive, it continues. the small caps, the russell, up by nine tents of 1% now. the bond market, yields were higher but now lower on the front-end. breaking 470 to the downside. in the fx market, japan is i guess grateful. on that currency pair we are negative by .1%? lisa: the one thing that might be somewhat unexpected is that personal income exceeded personal spending by a big degree. does this mean that the consumer is being a bit more disciplined
mike mckee is with us. morning.t consumer income comes up higher compared to the .3% rise. personal spending, .2%, lower than in the forecast but the same as last month. the pce price index is flat on the montes forecast, meaning that the price index goes to 2.6% from 2.7%. the core is up a 10th as forecast and the core pce, two point 6% on a year-over-year basis. this tells you that economists are getting good at forecasting pce and the fed can continue to look forward to lowering rates...
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Jun 27, 2024
06/24
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here is mike mckee. mike: i wish i had data for you.t the revisions are. gdp comes on the forecast, up 1/10. it goes down actually. the forecast was for 2%, which was a little bit i'd. capital goods owners is what everybody cares about and is down. that will be a little bit worrying for those considering what second-quarter gdp will be. the initial jobless claims revisions, a drop of 6000, but does not really get us out of this range that we are in. continuing claims revised. that is an increase, which is not a lot. there is not much to say about the numbers. 3.7% since the first quarter we have seen revisions to the numbers. they do not have any forecasting ability. jonathan: are you seeing concrete signs of slowdown? >> the issue is how bad of one is it? is it what the fed is trying to do or does a fall off a click -- fall off a cliff? jonathan: thank you for doing the schedule that way. i appreciate it. lisa: there was a heated discussion about cherry picking data. really, there are two things that matter, the unemployment numbers an
here is mike mckee. mike: i wish i had data for you.t the revisions are. gdp comes on the forecast, up 1/10. it goes down actually. the forecast was for 2%, which was a little bit i'd. capital goods owners is what everybody cares about and is down. that will be a little bit worrying for those considering what second-quarter gdp will be. the initial jobless claims revisions, a drop of 6000, but does not really get us out of this range that we are in. continuing claims revised. that is an...
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Jun 10, 2024
06/24
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let's continue the conversation with mike mckee.i of moody's analytics. two very different stories. what was friday about? amanda: taking a step back, you noted the overall establishment survey showed strong momentum, perhaps driven by the immigration coming into the country. household surveys showed a meaningful decline, but that is in folks under 25. we talk about the bifurcation in the economy. that is when you are seeing there. in the aggregate, the economy is still chugging along, even if we expect some deceleration. let's say we end the year at 2%. still trend or above trend growth. for us, the shallow rate cutting cycle we are expecting is really a product of that. it is not obvious to us there is urgency for the fed to ease. we accept them -- and expect them to normalize but not ease policy. jonathan: would you put one weight over the other if you are sitting on the fomc? mark: these establishment surveys are the better measure. it shows the job market is strong, resilient. job growth was very broad-based. you cannot dismiss
let's continue the conversation with mike mckee.i of moody's analytics. two very different stories. what was friday about? amanda: taking a step back, you noted the overall establishment survey showed strong momentum, perhaps driven by the immigration coming into the country. household surveys showed a meaningful decline, but that is in folks under 25. we talk about the bifurcation in the economy. that is when you are seeing there. in the aggregate, the economy is still chugging along, even if...
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Jun 12, 2024
06/24
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with economic data, here's mike mckee.e to get the data from jay powell later but the cpi comes up not at all, flat for the headline number. the forecast was for a 10th, that's after 0.3 last month. the core comes in up 0.2, lower than the 0.3 that was anticipated. that puts the year-over-year numbers at 3.3% for the headline, down 0.1% from 3.4 percent last month and 3.4% for the core on a year-over-year basis. that's 0.2% lower than 3.6 last month. the headline numbers are pretty good. let's take a look at what we are seeing in terms of the major categories. food just 1/10. food and home, which has been a campaign issue, flat for food. energy overall down 2%. gasoline prices down 3.6%. natural gas down 0.8% so good news there. new car prices down 0.5%. a lot a focus on used cars, which were up zero point 6% but new cars have doubled the waiting in the cpi of used cars -- a .6% but new cars have doubled the waiting in the cpi of used cars. for shelter, up 0.4%. rent of primary residence up 0. 4, no change there. owner's e
with economic data, here's mike mckee.e to get the data from jay powell later but the cpi comes up not at all, flat for the headline number. the forecast was for a 10th, that's after 0.3 last month. the core comes in up 0.2, lower than the 0.3 that was anticipated. that puts the year-over-year numbers at 3.3% for the headline, down 0.1% from 3.4 percent last month and 3.4% for the core on a year-over-year basis. that's 0.2% lower than 3.6 last month. the headline numbers are pretty good. let's...
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Jun 18, 2024
06/24
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well, between mckee and alum rock. we're told the vehicles have been cleared, but there's still crews on scene. two chp cruisers, and maybe a fire crew as well. so i haven't heard anything about injuries. there must be something going on and no major injuries are reported. but still, that's the one slow section. everything else looks great. so that's good news so far for the rest of the south bay. we still have this overturned tanker filled with salt water eastbound thornton onto northbound 880. that is the specific part of the connector that's blocked. you can loop back from the other side. you see some more slowing. that might be what folks are doing. you can also use central or mallory and the rest of the bay shows a nice easy drive. of course, they're slowing south 880 toward the san mateo bridge, and your typical feeds over toward these bridges as well. back to you. all right. thank you very much, mike. 622 this morning, next here on today in the bay, nbc bay area responds resort fees are all over the map. well, w
well, between mckee and alum rock. we're told the vehicles have been cleared, but there's still crews on scene. two chp cruisers, and maybe a fire crew as well. so i haven't heard anything about injuries. there must be something going on and no major injuries are reported. but still, that's the one slow section. everything else looks great. so that's good news so far for the rest of the south bay. we still have this overturned tanker filled with salt water eastbound thornton onto northbound...
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Jun 12, 2024
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mike: the dot plot is at 2:00 p.m.rn time and what we expect after the cpi report is the fed will cut to cuts this year. they could go to one but today's news makes likely that we get2. most of the members are probably expecting2 and willing to change if they got a bad inflation report but they got a good inflation report. we will expect them to say 2 this year which might put them at three next year and given the fact that we got an election coming up, you can't trust anything beyond the first part of 2025. when they get started, that will matter. the timetable will be the key question today. do they let the markets believe as they do now that september may be the kickoff rather than november? or could he possibly say july? we will get some more inflation reports and another jobs report so a lot to look forward to in the news conference as well as the. lot. sonali: there is a lot of excitement about the inflation print but how convincing is it when you still see home prices on the rise and it is still technically one
mike: the dot plot is at 2:00 p.m.rn time and what we expect after the cpi report is the fed will cut to cuts this year. they could go to one but today's news makes likely that we get2. most of the members are probably expecting2 and willing to change if they got a bad inflation report but they got a good inflation report. we will expect them to say 2 this year which might put them at three next year and given the fact that we got an election coming up, you can't trust anything beyond the first...
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Jun 18, 2024
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mike, now you're tracking a new crash in san jose. i am kerri and i just learned it involves a motorcycle. reports hour north 101 just around mckee. so it's kind of behind these trees here. see that traffic stacking up right now? it probably blocking just the fast lane. but some crews are arriving. and so there may be more lanes to block it. we're going to see a lot of activity and that's why we see more slowing than we typically see the backups starting to build towards story. and perhaps back to tully. that's an issue for northbound 101. 87 sees more traffic. and that might be because folks have heard about this crash just in the last few minutes. we'll track that shift in the south bay. the on ramp from eastbound thornton, still blocked by the overturned saltwater filled tanker. but meanwhile, the rest of the east bay and in fact approached the bay bridge is just fine. we have the backup at the toll plaza of course. back to you. thanks, mike. happening now, contra costa county taking a stand against misinformation. the county elect
mike, now you're tracking a new crash in san jose. i am kerri and i just learned it involves a motorcycle. reports hour north 101 just around mckee. so it's kind of behind these trees here. see that traffic stacking up right now? it probably blocking just the fast lane. but some crews are arriving. and so there may be more lanes to block it. we're going to see a lot of activity and that's why we see more slowing than we typically see the backups starting to build towards story. and perhaps back...