Wall Street Breakfast Podcast: CPI Still In Sight

Economic Indicators - The U.S. Bureau of Labor Statistics has recalled some workers to prepare the September inflation data despite the ongoing government shutdown, which has raised doubts about the timing of its release originally scheduled for October 15 [3][4] - The inflation report may now be released in time for the Federal Reserve's monetary policy meeting on October 28-29, as the White House Office of Management and Budget has requested the BLS to expedite the process [4] Consumer Trends - Piper Sandler Companies released its 50th semi-annual "Taking Stock With Teens" survey, indicating that Nike remains the top clothing and footwear brand among teenagers, followed by Hollister and Adidas [9] - In the beauty category, e.l.f. Cosmetics continues to lead, while Sephora is the preferred beauty shopping destination for teens [10] - Teenage spending is significant, influencing both direct economic contributions and household purchasing decisions, with billions spent annually [11] Corporate Developments - Instagram's head, Adam Mosseri, has indicated that the company is exploring the development of a standalone TV app to enhance its video content offerings and compete with platforms like YouTube [12][13] - Mosseri believes that existing vertical video content on Instagram could be adapted for a TV format, suggesting a strategic pivot towards video consumption [14]