we are watching for consumer goods company reckitt.hares rebounding from the 14% slump on friday after the u.s. jury awarded $16 million of damages in the baby formula. that is 4.5% to the good for reckitt this morning. >>> persistent price pressure could delay rate cuts from central banks. that is according to the bank for international settlements which says the sticky prices in the services sector is the biggest risk to higher for longer rates. let's get to annette with more. >> reporter: thank you, karen. i'm joined by the head of the bank of international settlement. >> pleasure to be with you. >> we were just saying in the recent report, you were saying the sticky inflation could be a reason for pushing back rate cuts. do you think this is going to happen and is that a threat to the economy? >> you know, so far, we have had a very impressive process with inflation. we have said before the last mile is difficult. we are seeing some stickiness. i would say nothing to worry about. that means that central banks need to be observant w

and i feel that policy issues have not reckitt policymakers and policies have not recognized this and they're not taking into account not even the bottom half. it's really for a lot of problems. it's the bottom 90%. they're not taking account their house, their home insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. no, that's great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. a lot of times, you know, it's great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy but not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know structured to talk about, you know briefly, it's only two chapters. the problem what is the retirement crisis? how do we know we have one and what we would have to have to not have one, you know, so it's the probl

and i feel that policy issues have not reckitt policymakers and policies have not recognized this andre not taking into account not even the bottom half. it's really for a lot of problems. it's the bottom 90%. they're not taking account their insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. no, that's great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, briefly, it's only two chapters. the problem what is the retirement crisis? how do we know we have e and what we would have to have to not have one, you know, so it's the problem. and then there's a bit that repre

reckitt down 14%. >>> and tumbling after the quarterly revenue came out below what wall street was expecting for jabil. coates sounded optimistic saying this year is transitional and that revenue headwinds will be short term. so in other words, don't worry, but shares are down 18%. >> pretty big bite out of that one. thanks very much. >>> we are just getting started. up next, doubling down on the bull case. tom lee is back. he will tell us why he's betting on the rally and one part he's especially excited about. we're live from the new york stock exchange. you're watching "closing bell." business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comcast business powers more small businesses than anyone else. get started for $49.99 a month plus ask how to get up to an $800 prepaid card. don't wait- call today. >>> welcome back. we are just days away

and i feel that policy issues have not reckitt policymakers and policies have not recognized this andey're not taking into account not even the bottom half. it's the bottom 90%. they're not taking account their house, their home insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. no, that's great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. a lot of times, you know, it's great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, chapters. the problem what is the retirement crisis? how do we know we have one and what we would have to have to not have one, you know, so it's the problem. and then there's a bit

and i feel that policy issues have not reckitt policymakers and policies have not recognized this and they're not taking into account not even the bottom half. it's really for a lot of problems. it's the bottom 90%. they're not taking account their house, their home insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. no, that's great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. a lot of times, you know, it's great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, briefly, it's only two chapters. the problem what is the retirement crisis? how do we know we have one and what we would have to have to not hav

that's clearly that's a problem, but it's not a socialand i feels have not reckitt policymakers and policiese not recognized this and 'account not even the m half. it's really for a lot of problems. it's the bottom 90%. they're not insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. eallyhat's great. struck me in your book, this idea that working longer into your seventies is this option that's presented aa , you know's great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, briefly, it's only two chapters. the problem what is the retirement crisis? how do we know weone and what we would have to have to not have one, you know, so it's the problem. and then there's a work about te causes of that problem. basically th

and i feel that policy issues have not reckitt policymakers and policies have not recognized this andy're not taking into hfaccount not even the bottom half. it's really for a lot of problems. it's the bottom 90%. they're not taking account their house, their homeity, their health and security and their wealth and income insecurity. i was a long answer. i'm sorry. no, that's great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. a lot of times, you know, it's the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, briefly, it's only two chapters. the problem what is the retirement crisis? how do we know we have one and what we would have to have to not have one, you know, so

and i feel that policy issues have not reckitt policymakers and policies have not recognized this and they're not taking into account not even the bottom half. it's really for a lot of problems. it's the bottom 90%. they're not taking account their house, their home insecurity, their health and security and their wealth and income insecurity. i was a long answer. i'ms great. one of the things that really struck me in your book, this idea that working longer into your seventies is this option that's presented as a win win. a lot of times, you know, it's great for the older people who are working. it's keeping their minds healthy. they're staying in the labor force. it's good for the economy, but you make the point that that's not the case. there is a very specific loser here and that in most cases is the older worker. can you talk a bit more about that? yeah. so i mean, my book is, you know, structured to talk about, you know, briefly, it's only two chapters. the problem what is the retirement crisis? how do we know we have one and what we would have to have to not have one, you know,

while i reckitt -- south carolinans. while i realize it may not work in places like louisiana or ohio, i'm confident that similar locally based solutions and approaches can make a huge difference not only in those communities but to the national flood insurance program itself. to support these levels, we must have substantial reform to the nfip. the program is financially insolvent with over $20 billion, $20 billion in debt. instead of educating communities and homeowners on the risks they face, the program's outdated flood maps and lack of transparent data often obscures the risks. without a well-functioning and financially solvent insurance system, the nfip will fail to provide cities and towns with the tools they need to be resilient. and the nfip is unable to revive local communities within crew -- improved mapping and mitigation resources, the financial health of the insurance program will continue to deteriorate. when i say that, we have to recognize that the nfip pays out 30% of its resources to about 1% of the pr

then to try to go back and go on some reckitt reconciliation to her with nikki, haley's voters, which is not going to work the governor of georgia, brian kemp, reiterated his support for trump today, which by the way is interesting because trump back to >> primary challenger against kemp, kemp stood up for the accurate and many times counted vote in georgia going for biden trump despised him. and now suddenly it seems to be kumbaya. let me just play what governor kemp said today >> voted friday and the republican presidential preference primary. and said for a long time now it's sport nominee now we didn't directly say he voted for trump >> okay. and that may that may be an admission. >> it's unclear. >> but he did >> say for a long time now, i'd support the nominee. what does that say to you now that's not a nikki haley protest votes sort of person. i understand that, but that is getting in line it is. >> and it's incredibly frustrating to watch, especially coming from someone who was showed incredible integrity during the 2020 election. he didn't bend to trump, entered tremendous pr