we have the university of michigan, retail sales were strong. the university of michigan sentiment index, 71 point four down from 72.8 last time round. the market was expecting it to tick up to 73. a bit of a mispricing vis-a-vis the sales numbers. future expectations, 67.2. again, a dip and below expectations. now we get to the kick up. one year inflation expectation up, 4.8 up from 4.6. gas prices have risen, 2.8 on the five to 10. i'm not sure if that is transitory, but nevertheless you can see we are seeing inflation. alix: the five to 10 is lower than it was on the previous months. we will dig into that. we want to follow all the top stories. michael mckee is looking at a surprise jump in sales. we will break down goldman's' earnings and opening borders to the vaccinated travelers. plus eco-data. i was shopping, i was an early indicator. michael mckee looking into the deeper numbers. michael: your country thanks you. trying to think about the differences between competence and retail sales, alex greenspan said we watch what consumers do, not

up next on american history tv, university of michigan professor philip d'anieri on the construction of the 2000-mile hiking trail. this was hosted by literati book store in ann arbor, michigan. >> good evening, wellium. i'm john mew, the director at literati book store. we're so pleased to welcome philip d'anieri in support of the appalachian trail. i hope you join the conversation this evening by our friend jeremy chamberlin. just a quick overview for our attendees. the chat is closed, but you may want to keep the chat window open during the event as i will be dropping links to purchase the appalachian trail from literati throughout the event. you can use the q&a feature, it's available to you on the bottom of the screen to ask questions at any time. i will read a selection at the conclusion of the conversation. and as a reminder, you can shop for more books at literatibookstore.com and have them shipped to you anywhere in the united states. of course, if you live in ann arbor or southeast michigan, our doors are open to the public. in lieu of a book purchase, we also ask you consid

university of michigan, we will wait until 10:00 but the numbers have been low, but they are off them which is a good sign. i think there is a mix between what we are seeing for the board member and the university of michigan. i think it all was back to the fundamentals, whether or not there is a job out there for the average american. still almost 11 million jobs available. wages are rising. yes, swayed by the day-to-day stories about the delta variant's or with -- delta variant or with all the supply issues, the average consumer knowing they have a strong net worth speaks volumes. jonathan: jennifer lee, thank you for joining us. a positive tone with a better than expected retail sales hoping to lift yields to the curve. tens of three basis points to 1.54. those numbers worth repeating. tom: you wonder how it translates over. i get the worry. john deere is not goldman sachs, but i am humbled by how i have been wrong, corporations adapt. each and every case, it is underestimated. jonathan: a final word on that, this bank executing. sonali: more and equity trading and advisory and eq

philip d'anieri teaches courses on the built environment university of michigan. he worked in public radio journalism and state government before earning a ph.d. in urban regional planning at michigan. he lives in ann arbor, and ajeremiah chamberlin teaches course at the university of michigan. he's a contributing etter to poets and writers magazine. he has worked in fly way and michigan quarterly review. in 2017, he was a fulbright research scholar in bulgaria. please join me in welcoming philip d'anieri and jeremiah chamberlin into your living rooms. >> thanks, john. great to be here. and hi, phil. >> hello, jeremiah. >> through the interwebs. congratulations on this marvelous book. i was so excited to read it. you can see all my notes here on it. as i have been reading, diving through it. and it's particularly wonderful experience to see it on the desk here because i had the great pleasure of reading excerpts and chapters of it three years ago when we were both fellows at the institute for the humaniies in michigan. a marvelous program, one that brought together

thanks for your thoughts, adding that to him. vaccine ologist from the university of michigan. thank. thank you very much. millions of people in australia's largest city sidney are celebrating. after months long coven 19 lockdown was lifted. tough restrictions had been in place for more than a 100 days to curb the spread of the delta variance, cafes, gyms and hair dresses have reopened to the fully vaccinated. infections have been falling in sidney and more than 70 percent of those age over 16. have now had 2 doses of the vaccine. the city is still recording hundreds of new cases. a day. thousands of tennesseans have rallied against president, ty said, accusing him of a power grab demonstrations, have been taking place across the country since fight assumed executive authority and suspended parliament. 2 months ago, there fears that the growing protest could cause to, in his years political divisions, to spiral into civil unrest and a shapell repulse. oh, on this sunny day in tunis, thousands came out to protest against their president. they were responding to a call for action

sentiment, current conditions, and expectations for the consumer by the university of michigan, holdingp to what we were expecting. alix: not necessarily deterred by stronger prices. a consistent read for october. let's get you covered for the top stories. wacky moves in the bond market and inflation pressures, halfway through earnings season. abigail doolittle is looking at those highlights. and michael mccain will take us through consumer sentiment data. president biden touching down in europe as the g 20 summit against. on the ground in rome. let's kick it off in the bond market, inflation pressures and interest rate hikes, australia' two-year yield climbing. the u.s. bond market, the senior rate strategist at bloomberg intelligence is with us now. the 2030 yield is still inverted. what is happening? >> a lot of different pieces. let's start with australia. central banks globally sounded more hawkish than we thought they were going to. the bank of canada, the reserve bank of australia, european central bank are all hawkish. that is why you had the massive move, 70 basis points higher

up next, university of michigan professor phillip daniri on the construction of the trail. good d welcome. please well, tour series to support the appalachian trail. i hope you join us this evening and we are joined by our friend and just a quick webinar overview. there's a chat mode, and you may want to keep a chat window open during the event. and only will be looking at it throughout the event. you can use here at the bottom of the screen here about ask questions at any time. and i will answer them at the conclusion of the conversation and as a reminder, anywhere in the united states, and southeast michigan. [inaudible]. and the book purchase and consider a 5-dollar donation to sustain our virtual programming while it lasts. hopefully it will turn into a in person event. a to some make donations to our store and otherwise we think you for your attendance this evening. if this afternoon and this morning on the seeming depending on where and when in the world you may be joining us and now the moderator. of course the environment. [inaudible]. he worked in public media jour

when we look at the university of michigan, the university of michigan measure will be more influencedings like prices. that is down much more. people are feeling the pinch of that. the measure is hanging in a bit better. it is also down a bit. that is more focused on labor. then we have something like the languor measure which is done well over the course of the last several weeks and months. it is which measure of confidence do you want to look at. they're all telling you a story of their is caution. prices are eroding some element of confidence. the consumers lack of ability to buy what they want because of lack of inventory, that is hurting. if you think about the labor backdrop, which is one of the key drivers from a confidence perspective, it continues to pull through pretty well. jonathan: the word stagflation is a massive distraction. tom p.: i agree. jonathan: you can easily disprove that it is not stagflation. market participants are focused on the bounds of risk around growth come around inflation, the upside risk to inflation and the downside risk to growth. my quest -- my

from chapter of that years ago when we were both at the institute of the humanities in the university of michigan. marvelous program, one that brought together whole wonderful cohort of people. so is marvelous to see the book being covered is so congratulations. >> thank you, and he is marvelous and it is fun and is weird and it is odd. i'm a first-time author. in the transition from the book being a project the progress to being a product to be marketed and talked about is a very new but very fun and very exciting. >> yes that is brilliant so let's go back to the beginning. we will end up at the end but i was turned think back to our earlier to remember what exactly it was that drew you into the story. he said near the end of the book that it was as much the identity of the appalachian trail as appalachian trail so drew you to some of the research but was a more about the genesis that moved you from curiosity which is one state of being to investigation which is another. >> a couple of things. so there are sort of two points of entry for may, number one, growing up in the eastern u.s., you just

university of michigan's museum of paleontology confirmed that the tooth is real.don. >> it's like 10,000 to 12,000 years. >> reporter: the museum saying julian is likely the first person to touch the tooth ever. you thought this maybe could be worth some money? >> yeah. >> reporter: and is it? >> no. >> reporter: maybe not worth the big bucks he'd hoped for, but the bragging rights at school, priceless. >> i showed them that i had some kind of -- i bringed it in one day, and all their minds actually fell off their heads. >> reporter: researchers have already gone back to the area where julian found the tooth, hoping to find more mastodon material, but their search turning up empty, and julian's already decided he wants excavating tools for christmas this year. >> my mom's going to get me my own pick ax. >> reporter: a kid-friendly pick ax, no doubt. julian is donating his epic find to the museum and he'll meet with the paleontologist there for a behind the scenes tour and is also trying to convince the nature preserve to rename dinosaur hill to mastodon hill. >> i

we are joined by betsey stevenson, an economist at the university of michigan was a member of the whitese council of economic advisers under president obama. when you see those container ships carrying goods, is that a supply chain issue, o too much demand in the united states? >> it is a little bit of both. what has happened is we had supply disruptns that means sometimes, demand is not being met because the factories around the world are shut due to covid and then finally they get up and running. they want to get us our goods. they all come at once. that is a bit of a demand problem. we are back to our sort of pre-covid level of demand, but we need to get these goods in. for the supply chain issues, we are seeing a clog for many different dimensions. you need space at the dock to unload. you need sce in the warehouse is to put the goods. you need the trucks available to take the goods away. all of these things are points of congestion. then we have other countries operating ports 24/7 to meet this demand at the u.s. consumer , and the ports in the u.s. don't typically operate 20 47. i

right. shane was a professor of composition at the university of michigan school of music, theater, and dance. and he had been with the university for over 26 years. that is until he dared to offend the sensibilities of one freshman class. shank show his class, the 1965 film, a fellow starring lawrence olivia as delete now that film a fellow did receive 8 different oscar nominations at the time that it was released . so i'm sure that most of us wouldn't think twice about seeing included as part of a university class. but the problem you see, at least according to some of shanks former students, is that as the morse king lawrence, olivia actually dons black face throughout the entire film. now of course, black face is rightfully considered taboo, especially in the year 2021. but remember, shang was showing this film was specifically to focus on the musical aspects, but it wasn't long after the screening ended that some students took it upon themselves to file complaints against shane. i was stunned in a school that preaches diversity that makes sure students understand the history of peo

according to the university of michigan, a 3rd of children between 7, 9 years old, are using social media any parental supervision. the same poll found one in 6 parents don't use parental controls on their kids. social media apps and 40% of parents say it's too time consuming to monitor their kids internet use. >> well. halloween season is here lots of people love it, especially the kids. right. but this time of year can also be one of the most dangerous. if we're not careful the consumer product safety commission is reporting about 3600 people end up in the hospital. they did over the past 3 years due to halloween related injuries. this includes incidents from carving pumpkins to decorating here home to allergic reactions to some simple tips. experts have they say leave the pumping carving 2 adults use battery operated lights in jack o lanterns and carry flashlights when going trick or treating. the big story tonight. the rain coming to the bay area few storms this weekend that sunday. we're eyeing a monster. >> you have this fear river chief meteorologist lawrence karnow have everything

i am at the university of michigan and my experience with free speech on college campus has been mixedo far. in one instance my first week of classes one of my graduate instructors basically put it out there that restricting abortions is the same as -- i am pro-life independent and i would not be comfortable in that class, speaking out about my views. i have also had a lot of good conversations with people that have been respectful of my views. i am not really sure what to think about it at this point. my second comment is that i think it is a shame that the progressives are holding up the infrastructure bill. we need the infrastructure bill right now. the roads in michigan are really bad and i think it is a shame they're holding that up until they get everything they want. thank you. host: let's talk to barbara calling from wilmington, delaware on the democrat line. good morning. caller: hi, good morning. i just wanted to make a comment about the mandate for the vaccine. here is my point and this is what i tell people. i am unvaccinated and will not get vaccinated. everybody in the wh

and he found out miss from the university of michigan. he says there are complex reasons behind the vaccine gender gap. some of that is really intrinsic to the different countries and different cultures. and also the economical are structure on those countries and some related also to outside or external effects like the propaganda and the anti back center. ah propaganda that started in the west and it trickled in and actually was spread into the rest of the world. so in those countries are possibly the, one of the issues is really that the masculine society, which means the man is the everything. the man is the bread winner. and therefore, it is a priority for men to get the vaccine to keep going out to work and so forth. but also there are other things that look like. for instance, if you are talking about how women are, unless indicated in many of those countries, also the women are staying home. so. and also this issues with the propaganda like infidelity and then effects of the virus and safety of the virus. while these things are not

found a rock but said it looked more like a tooth so he and his parents brought it to the university of michigan's-- michigan's office of paleontology, where they confirmed it belonged to an ancient mastodon. >> 12,000 years. they got the gunk off of it. anyway, i got that off. >> ok. "laug -- julian is likely the first person to ever touch this tooth. he is donating it to the museum and, as a reward, you will get a behind-the-scenes tour. -- reward, he will get a behind-the-scenes tour. >> night at the museum. >> that is what i am saying. julian, you need to hold onto that tooth. >> backstage, but what else? >> if this is a mastodon tooth and i'm the first to touch it, and it is how many thousands of years old? i am the chosen one because it is in front of me. it could not have just been laying there forever. all right. congratulations. we are coming up on 620. -- 6:20. clear conditions in san jose. clouds on the increase today as they gather along the coast. as hot as it gets. some of the heat spilling into today but then it is gone. hi clouds remain -- high high hh clouds remain tonight. tracki

well, let's bring in doctor ali thought on his a vax and ologist and a junk professor at the university of michigan, and he joins us live now from another. allie, good to abbey, back on the program. look, i mean, many people will be surprised that colin powell died from cove at 19 complications given that he was fully vaccinated. i mean, does this re kimbler debate about how effective vaccines really odd you think thank you for the invite. low mr. ball actually has this situation over health situation, which is mainly the cancer is a cancer patients on on can be and patients would be what we call immunocompromised and also that the immune system is not responding to vaccines. and in fact, there was not couple of obligations lately, about immunocompromised people and patients, their response to the vaccine was very weak and very poor. and therefore would expect that somebody would health condition would not respond to the act seen. so we cannot really say that the vaccine did not work, and that's the one aspect of it. the other aspect is what there is what we call in denison, which means that the im

tonight is professor of history and caribbean studies at new york university, she migrated as a child to the united states and grew up which some cubans call in on. university of michigan, her masters in history at the university of texas austin and her bachelors degree in english. she has been a visiting professor in paris at the new york public library where she wrote a large part of the manuscript for the book we are presenting tonight. she is the author of three previous books, freedoms mirror, cuba and haiti in the age of the revolution. and translated into spanish and french which one the douglas book prize from the american historical association. as well as the haiti illumination prize in the haiti's studies association burner second book was insurgent cuba race, nation and revolution between 19681998. and one the book prize was also translated to spanish and french. and also she is the co-author published in 2004. she is the author of book chapters on cuba, history, slavery, freedom and revolution including professional journal to the american historical review and spanish american review. she also co- curated the very provocative exhibition titled visionary f

to decline just a touch but still on pace to be well above 3.5% to year end. 10:00 a.m., university of michigan'sonsumer sentiment survey. this is actually at the lowest going back to 2011 and is expected to stay there and a lot of it has to do with the inflation. we will also get the ism manufacturing print, a reflection of that. i'm watching the sentiment around buying a car, cratering to the lowest ever. inventories are sky high and people do not want to buy a car. a year over year decline of 25 percent, this highlights how if you don't have supplied, people cannot buy it, it takes a cramp out of gdp. how much is this accounted for? jonathan: is it profit lost or deferred? for some of these companies. lisa: a lot of people are saying services side will not come back because you cannot create the experience. goods have been on a tear and the issue is the supply chains. it goes straight to the heart of economic uncertainty. tom: the s&p 500 down -- jonathan: the s&p 500 down almost 5% from last month. tom: you have $80 on brent crude. pull back to 77.85, but you have to frame out on supply and o

credit card loan growth was what i found the most interesting. 10:30 the university of michigan sentiment survey. we have seen a weakening. a lot of people say that it matters because it does not cohere with the optimism we've heard in the market. some people say it doesn't matter. the inflation expectations, how much does that matter that five to 10 year expectations have risen to the highest point in 2013 and a steady increase despite the fact that the dirty word, the t-word, is thrown around quite a bit by officials? jonathan: morgan stanley is still positive in the premarket, but a downgrade from rbc and our friend, downgrading to neutral. basically saying that the outlook looks pretty well-priced by the likes of morgan stanley. that is the opinion of rbc. tom: there is a mystery about the synergies and value out of those e-trade. i got some pushback yesterday on that, on the earnings enthusiasm of asset management. people saying how good is it? it might be part of the mystery. jonathan: let's start here. the inflation, you say that they are wrong. why? dan: we have been trying to ana

the interesting thing is that we have been talking about the university of michigan consumer confidenceand how consumers are saying it is no longer a good time to make big purchases, but we are not seeing it show up in a big hit to retail sales yet. that is something we have to watch, but we are not seeing it yet in the sales. guy: in terms of what would normally happen at this point, you would normally see -- i have spent a lot of my time talking about airplanes, energy prices starting to go up, the companies in the aviation sector would look for more efficient ways to do things. they would figure out how to manage fuel costs better. to what extent is this time going to be different? cameron: exactly. we usually do see this trade up into better efficiency type of equipment, and we also usually see a big boom in energy cap acts related to higher oil and gas prices. but what could be different is that those industrial companies that typically benefit from better fuel efficiency and things, if their customers cannot get hands on orders, it really does not make much of a difference if you

university of michigan did a wonderful study showing it kept people in the cycle of poverty. the fact credit scores are being used for, you know, auto insurance, which in my district we have the highest in the nation. over $5,000 average per household. many of my front line workers and teachers whose second jobs to pay for auto insurance because the use of the credit score is a heavy weight on the calculation and the rates of auto insurance. does anybody else know what does the credit score have to do with somebody's driving record. why is that being considered? why are you all reporting credit scores to auto insurance industries other than making money? >> thank you, representative for your question. the fdc did a study on credit based snuns scores following the fact that in 2003. bts if they are low income and they can't pay their bills, let's raise the rates. it's let's punish them because they are poor. it's because they can't afford to pay their auto insurance. that's what i'm hearing when i hear about these studies. i'm wondering if you would support a study of using cr