so cpi described at least by waller mildly disappointing. i think it was a shock to a lot of other people. we saw bond yields spike that the ppi was just okay. coming up this week actually tomorrow we get those fed minutes. how do you see the market reacting and how does that potentially impact your thesis. that we're actually more likely to see 2 to 3 cuts this year than a hike, as some people have been positing putting out there? >> yeah, i. >> think my primary. >> thought around that is the biggest weight. >> in the cpi. >> basket is rents. >> and shelter, right? it's not talked. >> about nearly as much. >> as tariffs or energy. >> or some of the things that drive some of the month to month volatility. but we see this slow downward. >> pressure on. >> rents and shelter. and i think that means by, you know, the. >> mid to the back half of the year. the core inflation picture and core pce picture. which the fed cares a lot about. >> will look good enough for them to. >> cut 1. >> or. >> 2. >> potentially even. >> three more times, especiall

kelly. >> go back to the waller comments for just a moment. kind of give us a little bit more context around them. >> well. >> you know, he didn't seem to say, well, we're going to wait for inflation to come down. and for clarity on the fiscal policy. i think that waller might be talking about a future that hasn't happened yet. and, kelly, you and i have had this conversation, which is the fed can say right now we're waiting for clarity on fiscal policy because inflation is above the threshold. well, what is that conversation like if inflation is down at the target at 2%? there might be more support on the committee for that rate cut. i still think there's going to be caution. you know i look at the market kelly. it'd be great to put up a chart. i don't know from when that all time high was at the end of 2020. sorry the end of january. you look at the s&p. it's been up and down. and it seems like the market wakes up one day really and seriously bothered by the potential tariff threat. and then even in the same day or the next day it says, oh,

tuesday afternoon to haul away one of two crashed cars that are parked at castro street, near waller. if you look closely at the windshield of the toyota sedan, you can see a bullet hole. residents who live nearby say the sound of gunfire woke them up about 330 early monday morning. i was sound asleep, but all of a sudden back back, back back, back multiple times. i thought 12 times. my wife said it was many more. she's a lighter sleeper than me. according to supervisor rafael mandelman's office, police recovered 17 casings on scene. it was the end of a chase that started a few blocks away in castro. that's where the victim left a nightclub in the neighborhood and was followed by two different cars. those cars apparently tried boxing the victim in, and their pursuit ended with a crash. according to police, that chase ended here at castro and waller, and according to police, that's where the victim jumped out of his car and ran off. and then multiple people from both of the pursuit vehicles got out and ran after him. police did not describe where the shots started and where they ended,

i am your hype man, franco finn, and i'm ariel waller as well. and the hype man, when he comes out, you better be ready. you'll be standing on your feet, ready to rock. and now, in his 60s nba season, there is an alter ego. when it's intro time number 30. three. kearny street. my voice is probably lowered 2 or 3 octaves and has been raspier in two plus decades. we got to do this. we got to make some noise because it's that grit you have to put so much into it, i put. there's times i've almost passed out. let's put it that way. game time starts right now. that grit finn talks about started when he was 11 years old. his parents signed him up to take part in church services. so that was the foundation. my parents were very involved in the film club church at saint ann's, and they needed a lector, someone to read the scriptures. all of a sudden here i am doing the mass. but it took one lad in the back of the room that came to me. at the end. they said, young man, you brought this place to life. the gift of gab, the gift of hype evolved. but i would t

according to police, that chase ended here at castro and waller, and according to police, that's where the victim jumped out of his car and ran off. and then multiple

we have been hearing from fed chair of course or fed governor chris waller suggesting he is comfortablerates. the door is still open for cuts later this year. 450, 10 year yields are up, pound in focus ahead of the dater. brent holding onto gains, opec-plus considers pushing back additional ... barrels onto the market. currently the yellow metal is up . let's check in on asian markets on a hawkish cut, yes, cutting rates but the aussie dollar is unchanged. the broader benchmark is flat across asia, optimism around beijing. nikkei is up. officials meet to discuss the ending of the war in ukraine, coming after france's emmanuel macron hastily convened with leaders to discuss possible ways to boost defense spending. i'm joined by yana bugerin. thank you for your time. will europe meet the moment? yana: i have heard this is the time and i'm very tired, i was hoping we would see more results. it became clear europeans are not on the same page. tom: ... is is russia exploiting that division? is the u.s. exploiting that? jana: jd vance gave that speech, that very special speech that rang a bel

you will always get you to so waller, political, poultry is what you want to hear. and then also on the but you know, all of the 3 tell awesome the send the most of my mental and i shall apply, should be known as a kind of divorce. if i do not publish, does it just them not so to us just on the flash of all a year, not for the machine. it also has cool. don't sheila is a former advisor to the presidential office of ukraine? i'm a former head, open s b u department sheila, of us all government contracts be handled the most high profile criminal cases concerning ukrainian businesses. however, at the end of 2024, he found himself under investigation for a multi $1000000.00 fraud for several years. uh told me sheila was the middle, can groups ukrainian q range to receiving monthly pounds for protection, the ukrainian or for some of the official attempt to do with his rivals, the same type of protestantism cable operated by organized crime boss. yeah, go a book in live chunk of the look into the object hits the scheme from international drug con, sales. an arrest warrant

you will get you to so waller political, poultry is where you went to the post on the fly to new york retail. awesome. the send the most of my me, i'm the, i'm not show up last year would be new with that kind of divorce. if i do not publish that edition, lots it to us on the flash of all a year. not for us to machine info, press pool the gym. sheila is a former advisor to the presidential office of ukraine and the former head of an s p u department sheila over so government contracts be handled the most high profile criminal cases concerning ukrainian businesses. however, at the end of 2024, he found himself under investigation for a multi $1000000.00 fraud for several years. uh told me sheila was the middleton groups, ukrainian q range to receiving monthly pounds for protection, the ukrainian or for someone to official attempt to do with his rivals. the same type of call centres in cable operated by organized crime boss. yeah, go a book and live chunk of the look into they've changed hits the scheme of problem international drug con, sales and arrest warrant has been issued to him i

jonathan: chris waller does not seem too worried at all. "my baseline view is that any imposition of tariffs will only modestly increase prices in a nonpersistent manner. i favor looking through these effects." he alluded to this before. lisa: some people have agreed with him as he is an outlier as he seemed more hawkish last september and seems to have shifted his tune. some people are talking about in addition for fed chair. other officials have accurate -- echoed this. saying that essentially in the past they have been more of a suppressor of growth than they have been an ignition of inflation. jonathan: he is running. a lot of people believe that is the case. equity futures on the s&p just about positive by .1%. with an update on stories with your bloomberg brief here is dani burger. dani: the u.s. and russia are all holding talks to end the war in ukraine is not represented. it is headed by marco rubio. and the russian foreign minister in riyadh. volodymyr zelenskyy reiterated that he will not recognize any agreement reached without hi

lizzie: christopher waller speaking and big banks are ramping up involvement as banks bet trump's crypto a from still mark. you heard the comments there, stablecoins maintain and expand the role of the doll, what do you make of it? guest: that is correct. significant announcements for stablecoin in crypto, tether plan to launch via the lightning labs portfolio and the protocol was made possible within up upgrade. lizzie: we've seen an about on ukraine, also trump is embracing crypto in a way biden did not. what would you like to see? guest: clarity is overdue in the bitcoin field and integrity is important, stability benefits startups correlated with bitcoin price. as i said bitcoin has momentum and several forces behind that, transition of tether and soon bitcoin in the bitcoin lightning network is significant, four hundred million users worldwide used tether for transactions. for new users accessing stablecoins they will benefit with instant settlement time and low fees. fees can be over $10 but hire based on activity. with lightning instant settlement costs one fraction of one sent. l

along with russia to seize all ukrainian undeveloped russian lands in january, 1919, colon, dwayne waller on the southern states, particularly here's rebecca, this sort of backlash in your books. say it's good. our secret daughter sessions, brookwinter, but of all you, usually i just missed when i come come moscow, i will have it waiting on the kremlin hole that it is forbidden to speak russian. joseph village marshal from the memo. so this left maintenance game owners minister incentive marshall, the cost entities began with the captured resilience. 8 months later, tony's forces and to minutes after teaming up the toyota. subterranean detachments till suits came out on the seized keys and put you on his 1st cavalry on me. it was pulled from the caucuses and the rid of the launched and offensive. the west regarded also scale is the only false capable of resisting moscow. so unprecedented amounts of a funnels to poland. france gave those in 1494 kennedy. 2800 machine guns. 385700 aircraft. 200 and vehicles. 576000000 rounds of ammunition. 10000000 shells, 3000000 uniforms. the 4000000 pass

. >> reporter: the second access point to the vineyard and other homes is the historic waller bridge, but it's set to undergo a major seismic retrofit in april. >> with our trucks and our barrel trucks and glass trucks can't get through the bridge, they're going to have to go all the way up on the freeway to healdsburg and turn around and come ten miles down to a two-lane wine di road, which is dangerous for them, dangerous for us, and a lot of bicyclists are on the road. >> reporter: the pending bridge closure would mean a major detour and one-hour commute for guerneville residents that have to travel north to healdsburg and back. motion is hoping the county could delay the bridge project. >> that way it will be easier access for our employees and for customers that want to get here. >> reporter: delaying the retrofit would jeopardize $17 million it in funding and poses a safety hazard, according to sonoma county supervisor, linda hopkins. she's fighting to approve a temporary bridge that would reduce commute times for businesses and residents. >> it is a really unfortunate thing to

so just to give you a little background on waller's skate park. so this area was a busy roadway for quite some time until 1998 when the golden gate park master plan reprioritize set to be a community use space. it was converted into a parking lot in 2007 and then transformed into a skate park in 2011 with input from the skate community. there was a major remodel and upgrade to the plaza in 2022 with asphalt and skate elements and landscaping to really help a thriving skate community come together. >> this was a space where grassroot community members really came together with local skate shops and businesses to transform the space to a thriving community that it is now. we had support from the low key skate shop idea acts as a skate club. thrasher and others who are really engaged in making sure that this space was meant for the community. so talking a little bit about who we are naming proposing naming this plaza after communities and built it is usually ignited by those who have a rare gift to inspire change and some leaders are born with the po

waller thinks down at the fed.question of how long the tariffs go and how they are applied over time. while the president puts out 25% tariffs on canada and mexico, americans will pay it, they won't pay 25%. importers have charged it at the border and they can absorb some of that, if they want to. the rest gets passed on to you, the average american who buys the product. it depends on the products you buy and over what amount of time. imports will get cheaper because the dollar is getting stronger. u.s. companies may also raise prices. we saw that with the steel tariffs. that means more that you've got to pay on this end. you have companies like irving oil, who owned a refinery in newfoundland, passing 100% of the tariffs on to their customers in new england. the other thing to keep in mind is that we all pay for some things all the time, but you don't buy a car every day. the impact isn't as straightforward as it seems. most analysts at this point think americans will be paying about $800 to $1200 more a month bec

larry: chris waller said the same thing. >> one time small move up in prices, maybe.won't be inflationnary long-term, it was in i just was looking at charts that shows impact of these tariffs on inflation for mexico and canada would have been significant. even without the retaliation, it would have mattered a lot to them. larry: to them, it would. >> to them. larry: their currency have nose dived. >> that is why -- >> the dollar has gone up. >> and yet. >> hit to growth is same. devastates to mexico, why they came very quickly, very bad for canada, but at most just a tiny you know half to a quarter of a percentage point of u.s. growth in worse case. larry: the trump tape. here comes trump tape, on his decision today. i think his news conference. >> so call with mexico went very well. in sense that they are strong now in border, they will put soldiers there. actually, their best military soldiers, and they will be atlanta border 10,000. -- at the border and 10,000 soldiers will keep illegal aliens out, seriously out, otherwise they will have a big penalty, mexico will

echoing what we heard from chris waller a few days ago. unchanged in the session. the pound in focus, could move on inflation data that moves in an hour's type time. up .1%. hold on these levels. again on expectations, opec plus will push out adding more barrels to the market. gold trading at $2933. just down .%. president trump saying he will probably immediate meath with russia's president putin by the end of the month. they raised the possibility of broader cooperation following a meeting in saudi arabia. marco rubio and sergei lavrov promised to have high level teams. this is that is acceptable to all sides. the sanction also stay in place until a peace deal is reached. >> we're going to appoint a high level team to walk through the end of the conflict in ukraine in a way that is enduring and acceptable to all of the parties engaged. the third point is to begin the work at a high level as well. to begin to discuss and think about and examine the geo-political and economic cooperation that could result from an end to the conflict in ukraine. tom: joining us for

waller said the tale you're at. 22 checking on the east bay cilantro down to 37 54 minutes. 5.88 a tivo to oakland surface streets. best bet for this hour. crockett outdoors amaze. you can see how slow things are traveling noel into san pablo. about 31 minutes story. james, back to you. thanks a lot, 7.47. and nobody likes it when the phone. nice night, you want a better day to work. what can you do about? well, rich demuro has a look at some new and some clever ways to keep your device charged in today's rich on tech. >> no one likes a dead phone battery, but thankfully, you've got options. here are some of the latest portable chargers. >> and no one likes a dying phone battery. here are some creative ways to keep it charged. starting with au ag, rugged wireless power bank and stand this 10 billion 1 million power battery can charge your phone at least twice. it's mag safe compatible has a built-in stand is dropped, tested up to 8 feet. and is ipx 6 water resistant $100 next. the bezalel prelude wireless power bank has a cool trick. there's a plug to charge it wirelessly and it can cha

and with that a few dry days ahead of us comfortably cool afternoons in the upper 50's waller evening lows will be downright cold dropping tonight into the 30's with frost advisories and freeze warnings for most of the bay area tomorrow and sunday are sunniest and look at that clear, dry forecast that we have into monday and tuesday, too, won't be until wednesday thursday that we are back to that wet pattern. roads this morning. kind of a mixed bag. the bay bridge looks great. only 10 minutes right now and pretty dry there. while the san mateo bridge has been under rain for about the past hour now. so it is pretty wet on both the san mateo and dumbarton bridges taking a little slower on this routes. richmond center fell just wet from last night's rain fall and the golden gate bridge not just empty, but also pretty dry as you get the morning started. all right, john, thank for that. with the senate confirming russell valdez, the white house budget director. >> vote coming after democrats held the senate floor throughout the previous night. so at the same time, republican lawmakers are

waller will be. >> interesting at 5. >> p.m.rse. >> a ten year note auction at one. stay with us. >> the bond report is brought to >> the bond report is brought to you by pimco, a ♪ (vo) weight loss. for so long, i felt stuck. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, zepbound works differently. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds. and some lost over 58 pounds. ♪ don't take if allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. tell your doctor if you get a lump or swelling in your neck. stop zepbound and call your doctor if you have severe stomach pain or a serious allergic reaction. severe side effects may include inflamed pancreas or gallbladder problems. tell your doctor if you experienc

his comments mirrored fed governor christopher waller, who argued to keep rates on hold for now until inflation falls again. elsewhere in the monetary policy world, australia's central bank has cut rates for the first time in over four years as softening inflation allows room for easing monetary policy. the rba cut borrowing costs by 25 basis points to 4.1%, but signaled it remains cautious on further policy easing. let's get a check on european trade. we have turned slightly weaker in the last 20 minutes or so. the stoxx 600 now trading just below the flat line we had opened higher this morning. the level for that main benchmark about 5.55. breaking it down by region. here's the split. this morning we are looking at a bit of red on the board for the cac40 in france, as well as the xetra dax down 3/10 of a percent and 2/10 respectively. footsie in italy holding on to the early gains, up about 3/10 of a percent as investors continue to eye the geopolitical world. with developments happening very rapidly around what happens next with ukraine. now from a sector perspective in europe, her

we'll also hear from fed governor chris waller and dallas president lorie logan, as several fomc memberserns over the impact of trump's tariffs on inflation. today is the deadline for federal workers to accept the deferred resignation offer from the trump administration, and amazon will become the latest of the magnificent seven to report, with numbers due after the closing bell. disney topped first quarter profit estimates, but revealed it began to lose subscribers to its disney plus streaming service. the entertainment giant posted a 23% rise in net income, while revenue increased 4.8%. but disney plus subscriptions eased in the quarter, with the company warning that it expected another modest decline in the coming months. you can see shares down about 2.4%. disney cfo hugh johnston told cnbc he was satisfied with the overall numbers despite challenges on multiple fronts. >> i feel. >> great about the quarter. >> well in excess. >> of expectations and. >> most importantly. >> broad based growth. >> the entertainment business came in very strongly on the. >> back of moana. >> two. >> as

this is absolutely profound were on waller road right off of river road. >> and you can see behind me that this road is completely covered in water and not just a little bit of water. there is about 8 feet of water that's covering this roadway. >> can just take a look at that? yellow sign? that is a sign that usually indicates for drivers to make that curve and then go over to where the telephone pole is and what road should go. there's actually a bridge that you can see it all that submerged in water. residents have been stopping by saying that in there like 16 years of living here, they've never seen the water get up this high. >> they are very concerned about the storm that's coming tomorrow on thursday. they said they've we already have about 8 feet of water on this roadway. can you imagine what it's going to look like tomorrow? again, this is just one of many roads that the sheriff's department at sonoma county office of emergency services has told residents to please just turn around, do not risk trying to go over some of these flooded roadways. we have a map to show you what it

i think what waller said yesterday again was telling he was very bullish on. competition going in the right direction, but now he's kind. >> of changing his. >> mind of like, i'm. >> not so sure if this progress is really happening. >> i think that's the. >> big issue. >> for the. >> fed themselves. >> and i think this is. >> the debate in the minutes today. >> like how much. >> progress is really made. what do we need to do if that progress. >> stalls. >> if worse, if it starts to change into higher inflation. >> you know, they would have to find out the communication to reverse course ultimately from a neutral to a tightening stance, which, by the. >> way, not priced in the market at all. so think about the point here where the market. >> still cuts. >> things says like. >> yes, that could be. >> but it's doubtful. >> at this moment. >> okay. so you're doubting any cuts coming up later this year. with that in mind, are there certain sectors that that changes your view on? again, we started the year thinking 1 to 2. you don't think we're going to get any. doe

you know, the person making the other case on the other side of this is fed governor chris waller, who i know you've had on the program, and he's made the point we should look through this. the fed should simply say, this is a one time increase in the price level, and you wouldn't necessarily want to dramatically change your monetary policy. i think the question is going to be, how do you define look through something. do you keep cutting into it because that's what the s&p would say. if you're really going to look through something, you shouldn't do anything different from what you were going to do. so the s&p would keep cutting what you hear from most of the people on the committee who are talking about this right now. i don't think they would cut into a big increase in tariffs. and so that would freeze the fed, you know, for some indeterminate period of time. >> maybe it's the unknown of sorts that frankly, i thought one of the most interesting things today, out of the hearing in senate banking was what powell wouldn't say. and i want you to listen to this exchange. i have a feeling

with thes roadways removed it would be difficult to contraktsdor to get access in the building the wallers 15 feet high. roadways are 10 feet wide. 15 feet down we gotta go 15 feet over encroach negligent 1 huh human year old access roads with rock out croppings under. the picture on the right shops the excavation a hetch hetchy project after a winner storm. you see the required excavation and bottom width you need. of the picture on the right shows when a walled looks is a rock from filled wire basket placed to go on the outside edges of the roads and widen the roads. it was decide the wall removing the roads and rock in replace the wall system not feasibility without significant redesign. best intft project to remove the scope and reevaluate the over all strategy to widen with the roads and familiar necessary complete in work in a future contract. >> this slide shoes the contract spoke to be remove and theed dollar value of each total scope removal inotropics to 15 million dollars. this proposed contract amount consists of the original award plus the change order and minus the requested

chris waller talking about stablecoins, which isn't going to give you much clue about where they are fed is sort of on hold. we didn't have on the list there, thursday, ppi, we will find out what prices are. jonathan: just wanted to follow up, university of michigan has spooked chairman powell when they were at the start of their hiking cycle. how much weight would they put on this number? mike: it will scare them a little bit. so much of that was based on headlines of what might happen, we didn't really get the tariffs. does that mean they will continue to think inflation will get out of control or does it start to fall back if the tariffs don't get imposed? jonathan: cpi on wednesday morning. uncertainty is high, the range of possible outcomes and reasonable forecast is considerably larger than recent months. welcome back. why is that the case? jonathan: you see a lot of price changes, pricing behavior. it is understandable. this is not unseasonably adjusted data. it is the case that the vast majority of price increases take place in the economy tend to come in the first quarter. t

waller daily lorie logan tonight claims were pretty well behaved once again 219. for 214 of course nfp tomorrow. stay with us. >> the bond report is brought to you by pimco, a global leader in active fixed income. in the world of investing. a beast lurks between the numbers. some watch from the. safety of the sidelines, but others saddle up and ride that one ton rowdy ribeye for all he's got. if that's you, join us on tastytrade, named b i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your price today at ethos.com. legendary investors quietly ignoring that advice and instead selling the stock hand over fist? every billionaire on your screen has recently sold nvidia. some have offloaded millions of shares, in fact. hedge funds are quietly selling all of their tech stocks at the fastest rate we've seen since 2016. my name is mark chaikin. during my 50 years on wall stre

you did have, you know, fed, you know, vice chair christopher waller talking. >> about. >> you know,iff effects of things. >> like that. >> how is the expected policy influence going. >> to bear. >> on what. >> we end. up seeing in. >> the. >> interplay of growth and inflation? >> well, tariffs a little bit like hikes in the value added tax has happened in japan and in europe over the years. they can be. >> seen as a. >> temporary one off step up in inflation. but more important to us is this matter of unit labor costs. we actually think productivity on a year over year basis rather than quarterly. annualized has peaked, obviously, and. >> it's going. >> to dissipate as the year goes on. this is very common after slowdowns. and one would argue that 22 to 23 was a slowdown in everything but employment. so as the productivity dissipates unit labor costs, this is the cost per unit of output stays relatively strong. and that means the core pce inflation will stay closer to 2.75. the fed wants it to be 2.5 for the year, and if they don't get what they want, then no rate hikes or no rate c

on the trade front, governor waller put this out on a speech, my baseline view is that the terrace willin a nonpersistent manner so i favor looking through these affects goodwill that show up in the minutes later this afternoon? the trade chief heading to washington today to hopefully avoid a tariff dispute. terry wiseman writes in the uncertainty for the euro may last longer and will conclude it is too early to say. the euro-dollar has entered an appreciating path. he joins us now. foreign change and commodities, mention the phenomenal performance we are seeing in european equities. do you think the european story has seen the worst of it already and is all behind us or are we whistling past the graveyard? thierry: i think we are whistling past the graveyard to some extent. the reason why we had outperformance in european equity since the beginning of the year has much more to do with rotation and having seen how well the u.s. stock market has done over the past three years and the imbalances it has caused any allocations of allocations. it stands to reason and building the european ex

meantime, overnight in australia, fed governor christopher waller making some similar comments. he said the central bank should cut interest rates further if inflation makes more progress back towards target. but he said the fed should cut even if trump, the trump administration policies are adding economic uncertainty. the next fed meeting is scheduled for one month from today. for more on all of this and the markets over the holiday weekend, and what is a holiday shortened week, i should say some stocks to watch. i want to bring in sylvia jablonski, ceo and chief investment officer of defiance etfs. and before we even get to some stocks to watch, i'm curious what you made of that, that journal article becky was mentioning yesterday because it did appear yesterday. today it's in the physical paper. i don't know if you saw it just about how pessimistic the investor class, at least retail wise, seems to be. >> yeah. >> i think. >> you know, some of the retail. investors out. there are a little bit worried about. >> valuations and. that the. >> market has. >> run up as much as it