francesco: i think so.nk we have been a bit unlucky as people would like to see inflation up because of what has happened to the energy markets, which was another normalization post crisis. the effect of that repricing of commodities is waning. in 2017 we should see a bigger contribution from energy and food. alongside that we are seeing economies that have received plenty of stimulus like the united states reducing inflation and services, which make up a lot of the cpi basket. tom: that is a very important point. tell me about the immense spread between fed watched inflation and service sector inflation in the united states at 3.2%. the is a remarkable divergence in our different price changes, isn't there? francesco: there is and in our experience and analytical work we find that service inflation tends to lead. it is more persistent. you have things like education, recreation. the prices generally have an asymmetric behavior. it is easy to see prices stay -- is ear to see prices stay stable or go up then

joining us now is francesco stretchit -- francesco: -- francesco stretching -- give me a sense of how court is going. energy prices falling. that is hurting a lot of revenues could how do you deal with that -- revenues. how do you deal with that? jean-claude: i do not hear very well, there is a lot of wind. francine: if energy prices are the pressure, that means your company is under pressure, how do you deal with it? jean-claude: we have been in francesco: wes -- have been in this crisis for many years and what matters -- there is a big overcapacity across europe. is developed in the states and business going very well. i have to say that half of our business comes from this solution it where relatively well-balanced across -- we were not hit that much. i have to say the markets were reactive which are the seven european areas. italy and spain relatively safe of the big impact on continental energy prices. wellll we went pretty across this terrible. -- this terrible period. francine: how is energy consumption doing? been decoupleds from gdp growth across the areas. facthas to do with

a check on track with nbc 10 first alert traffic reporter francesco ruscio.will start out with eastbound delays on 76 at montgomery drive and you see the travel times in the red, starting to stack up from the blue route to the vine. it's going to take you 32 minutes. and then since the early morning hours we've been watching for this accident, over in cherry hill township. it involves multivehicles and a tractor trailer that rode off the road. it's still an active accident and we will have more updates when i come back. lauren? >> atlantic city police officer john vadell could leave the hospital today, shot while on duty labor day weekend when he and his partner interrupted a robbery outside the parking garage at caesars. >>> atlantic city will miss a deadline to dissolve the city's municipal utility authority part of the terms of a $73 million loan from the state to help the stressed city. the mayor is asking for a reprieve. we'll have another update in about 25 minutes. always get the latest news and weather with the nbc 10 app. now back to the "today" show

i'll go through the forecast hour by hour but first we'll see how the road, faring, francesco ruscioalert" traffic center. >> thanks, bill. we're going to open up on the vine street expressway, you see the water on the roadways. right now, the road is closed, the construction should be lifteding up right around 5:00 this morning. over in n

i'll go through the forecast hour by hour but first we'll see how the road, faring, francesco ruscio has the "first alert" traffic center. >> thanks, bill. we're going to open up on the vine street expressway, you see the water on the roadways. right now, the road is closed, the construction should be lifteding up right around 5:00 this morning. over in new jersey, route 42 at route 41, we have a couple cars out. raining in new jersey very light rain as bill mentioned. so we're watching for a light morning commute. and take a look for the schuylkill expressway, i'm mentioning this because use caution allow extra time for the morning commute, we're working with very wet road indications. let's take a look at drive times, right now on the vine, and a look at the schuylkill expressway when i come back. >> with rain falling, you got to be more cautious because of what francesca just said. >> let's check in with matt delucia live on storm force 10. where are you? >> reporter: right now, tracy and vai, we're in new castle, delaware. we'll have a look at the streets right now. we do have th

i was now named francesco. >> it would come home to us and told us that they had changed their namess was what they wanted to be called. i said well, we're not going to call you that. we gave you your names and that is what we are going to call you, and you might as well get used to it. they came for dinner and said well, what we came here for is we want to tell you we want to detach from you. i went what? i couldn't believe it. you are going to detach from the family? we had such a happy childhood with these children. >> so my father who i was very close to, was dying. he told me that i couldn't go see him. this is so you break the bond with him. and i would make airline reservations and i would cry and cry and cry, and then i would cancel them. but it was so difficult, so difficult. >> always my intuition was working overtime. i kind of suspected it might be a cult. >> no, i did not feel like i was in a cult. he always told us for a non-group we're an anti-cult. >> my family had hired a private investigator to follow me and they found that i was with this group. he went back to my

. >> francesco ruscio, thank you. >>> happening now, more than 200 prospective jurors are gathering for the bridgegate scandal. two allies of chris christie are facing wire fraud and civil rights charges. bill brony and bridget kelly are accused of closing lanes in the george washington bridge as a form of political revenge. potential jurors will fill out a questionnaire and return next week to answer questions from the attorneys. >>> and philadelphia police have a man in custody suspected of two separate crimes. one is a home invasion and robber. the other, a purse snatching on the street right afterward. a man in the home said he heard someone forcing open the front door. he went to check it out and ended up struggling with the armed intruder. the intruder fired a shot into the floor and hit the man on the head with the gun. police say the robber took a laptop and prescription medication and ran off. officers late spotted him, chased him and arrested him. and police say the man attacked in the home invasion and his wife and a woman robbed of her purse minutes later all identified the

i was now named francesco. >> it would come home to us and told us that they had changed their names to be called. i said, well, we're not going to call you that. we gave you your names and that is what we are going to call you and you might as well get used to it. they came for dinner and said well, what we came here for is we want to tell you we want to detach from you. i went what? i couldn't believe it. you are going to detach from the family? we had such a happy childhood with these children. i always my intuition was working over time and i suspected it might be a cult. >> no, i did not feel like i was in a cult. he always told us for a non-group we're an anti-cult. >> if you have this idea of this controlling, brainwashing fellow, i beg you, please. >> my family had hired a private investigator to follow me and they found that i was with this group. he went back to my family and said, oh, this is a benign group, they're not dangerous, it will be harder for you to pull her away, it will be more damaging, just let her be. >> my family freaked out. they said i was brainwashed. th

now let's get a check on traffic with nbc 10 first alert traffic reporter, francesco ruscio. >> a veryake you a little under 20 minutes. watching an accident out by t towamencin. >>> and a deadly stabbing in yeadon. the police chief told us that a homeowner found a woman with her throat slashed just outside his door near bonsall avenue and bailey road. >> he left the front door open, fell asleep, woke back up at around 3:00 and look eed out th front door and discovered her. >> stay with nbc 10 and the nbc 10 app for updates on this breaking story throughout the morning. i'm rosemary connors. we'll have another update in about 25 minutes. remember, you can always get the latest news and weather at nbc10.com and on the app. now back to the "today" show have a good one. does pat toomey speak for you? i also want to thank the nra for it's, uh, strong support for my campaign. pat toomey: he opposes an assault weapons ban and got an "a" rating from the nra. "i have had a perfect record with the nra." and on women's health? "i would support legislation in pennsylvania that would ban abortion,

. >> let's check traffic with francesfran chess pran francesco ruscio.his crash along 78 in lower saucon township. police say they found open alcohol containers inside a car that lost control and crashed. two other vehicles hit the disabled car. >>> police are looking for the person who murdered a woman in her driveway. show was shot in her suv outside her home yesterday morning. police say they do not think this crime was random. >>> i'm tracy davidson. another update in 25 minutes. stay up to date with the nbc 10 news app. have a great day. when it comes to risking social security on the stock market... pat toomey wrote the book. "i'm...i've got a whole chapter in my book where i... specifically lay out how i think we should... reform social security." toomey's plan requires wall street and bankers to manage... the accounts. collecting fees out of your social security that could... total billions. fees they collect, even if the market crashes and... seniors lose everything. pat toomey's looking out for wall street, not pennsylvania. dscc is responsible