On August 12th, we saw the latest CPI data and it had mixed results. So, the headline came in below expectations at 2.7%. But core CPI, excluding food and energy, was higher than anticipated at 3.1%.Markets seemed to focus on the headline number as equities rallied and 2-year yields dropped. This release drew intense scrutiny due to the weak unemployment data that was reported back on August 1st. A deteriorating labor market typically signals disinflation, but persistent inflation had raised concerns about ...

Marc's reporting moves the needle. Right. We know that this tabletop robot will be the centerpiece on the hardware side. We know that Siri will be made more lifelike.Has this changed things for you, Dan, in what you're modeling for Apple and the kind of comeback that many think the Apple needs to have in the air domain. But given their age, our strategy has been a disaster. And, you know, it's if you look at every other big tech company, you know, Apple is massively behind.And I think when you look at this ...

Start with the focus. What can we expect. You know, Apple is a hardware company, right.All these companies charge LPT, Google, Gemini, Microsoft. They have all these AI features. But from a consumer standpoint, it really hasn't been monetized.How how does Apple monetize its products. Well, by selling hardware or getting people to go to Apple stores and buy new stuff every year or two. And so they're going to replay that strategy when it comes to artificial intelligence.And the way they see AI is by integrat ...

Inflation Analysis - The producer price index (PPI) increased significantly from approximately 23% to 33% year-over-year, a full percentage point increase, exceeding market expectations of 25% [3][4] - The consumer price index (CPI) saw a smaller increase, rising from 267% to about 273% [3] - PPI measures inflation upstream at the production or wholesale stage, while CPI measures it downstream at the consumer level [6][7] - While upstream prices are increasing, it remains to be seen if these costs will be passed on to consumers and reflected in CPI [8][9] - Food and beverage inflation remained relatively stable, while housing inflation decreased, masking increases in other categories such as medical care and recreation [17][18][19] - Housing inflation accounts for approximately two-thirds of overall CPI [20] Market Impact and Monetary Policy - The surge in PPI caused market sell-offs, particularly around 8:30 AM when the data was released [17][33] - Despite the PPI increase, the market still anticipates a rate cut in September, with approximately a 90% probability, although this was previously higher at 97% or 98% [23] - The report suggests that even with a rate cut, the long end of the yield curve may increase due to inflation concerns [24] - Cutting rates with rising inflation may not improve the housing market and could potentially worsen it [27] Consumer Behavior - Sales are declining at some stores like Chipotle, Cava, and Sweetgreen, indicating that consumers may be unwilling to pay higher prices [10][11][13][14] - Lower-end pizza chains are experiencing increased demand, suggesting consumers are seeking more affordable options [12][15]

But joining us now is Illinois Democratic Congressman Raja Krishna Murphy, who I know will not use any colorful language. Congressman, it's good to see you again. Um, so look, President Trump expects to get support from Congress, right, to keep up his control of the DC police.That's uh he's got to do that if it goes past a month. Do you see that happening. No.Um, I think that look in the Senate, I think they'll filibuster this as they should and it should absolutely not extend beyond 30 days. uh it should n ...

the tariffs uh are are likely under section 232 because it's very clear that we have a national security crisis. Uh going back to the pandemic, China threatened to drown us in a sea of corona virus. I don't know if you remember that.Uh but but stay focused if you would just on what this order does. If you if you think about it, we need a strategic API reserve. We need that.will get that uh because we're going to have uh the uh DH uh the U Veterans Affairs DoD and HHS issuing these long-term contracts which ...

Let's go now to the latest on the man charged with felony assault for throwing a sandwich at a federal agent in Washington DC. Attorney General Pam Bondi says the man worked at the DOJ and has since been fired. Let's bring in NBC's Gary Grumbach.What a story, Gary. What more can you tell us about this. So, this all happened Sunday night here on the streets of Washington DC when a man by the name of Shawn Dunn was berating a Customs and Border Protection agent, yelling exploives in his space, calling him a f ...

streaming on CNBC plus. >> Bitcoin virtually erasing this week's gains after hitting a record high late last night. Treasury Secretary Scott Bessent saying the government will not be buying additional Bitcoin for President Trump's strategic reserve.For more, we'll be joined by Emily Parker, senior strategic advisor at Coincheck Group, and Cosmo Jiang, the general partner at Pantera Capital, which invests exclusively in Bitcoin, digital currencies and companies in the blockchain ecosystem. Welcome to you bot ...

this will position Amazon more aggressively against competitors like Walmart, Instacart and DoorDash, all under pressure today, with Instacart falling 15% just since yesterday. Joining us now, Mark Mahaney, head of internet research at Evercore ISI. Mark, great to see you.>> Hey, Melissa. >> Is it as disastrous as the declines we've seen over the past couple of days. I mean, I would imagine with Amazon going in, the only way to compete would be on price.And that could be sort of a race to the bottom for the ...

Open AAI's long- aaited GPT5 having a rough first week out of the gate with consumers, but the new model might be making inroads with a more profitable customer. Mackenzie Sagalos has more in today's tech check. And after many months of hype, Mel Open AAI actually took the rare step of adding back its old model to plate unhappy chatbot users.But the features that sparked outrage were the result of deliberate trade-offs. I've been talking to startups here in the Bay and they say that OpenAI made changes to b ...