We're looking at live pictures of the New York Stock Exchange. Uh the exchange just finishing a moment of silence in remembrance those killed in the September 11th terrorist attacks. Ringing the bell to commemorate the event is 911 day.uh uh an organization that works to transform the anniversary of 9/11 into the largest day of service in America. I'm Y finance executive editor Brian Sazi and this is opening bid. Here's what I'm watching out of the gate today.Lots to get to. The hot potato gets passed to th ...

Inflation Data Summary - The August Consumer Price Index (CPI) report shows a month-over-month increase of 0.4%, which is slightly higher than estimates [1][4] - Year-over-year inflation stands at 2.9%, with the core inflation (excluding food and energy) at 3.1%, both figures aligning with economists' expectations [2][66] - The service sector is identified as a significant contributor to the inflation increase, with shelter costs also rising [9][10] Market Reactions - Despite the inflation data, market futures indicate a positive outlook, with expectations of a Federal Reserve rate cut next week [3][5] - The S&P 500 and NASDAQ have reached record highs, reflecting investor confidence despite inflation concerns [4][68] - The Fed funds futures market is pricing in three rate cuts by December, indicating strong market expectations for monetary easing [53][68] Sector-Specific Insights - The food index increased by 0.5% in August, with food at home rising by 6%, highlighting persistent inflation in essential goods [60][61] - Airline fares saw a significant increase of 5.9%, contributing to the mixed picture of service sector inflation [63] - Apparel prices rose by 0.5%, suggesting tariff impacts on consumer goods [64][85] Employment and Economic Indicators - Initial jobless claims reached 263,000, the highest level in nearly four years, indicating potential weakness in the labor market [15][76] - The Fed is balancing its dual mandate of controlling inflation while addressing employment concerns, complicating its policy decisions [13][78] Long-term Economic Outlook - Analysts express caution regarding the sustainability of rate cuts in the face of persistent inflation, with expectations that long-term yields may not fall significantly [32][39] - The economic environment remains challenging for lower-income Americans, as inflation continues to impact essential goods disproportionately [22][26]

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. It's expected to keep rates steady, a surprise move may ruffle a few feathers. Economists are forecasting a modest rise in the U.S. Consumer Price Index ...

Group 1 - U.S. Treasury bonds are experiencing a rally, with yields on benchmark 10-year notes reaching their lowest levels since April ahead of the CPI inflation report [1] - A lower-than-expected producer price inflation reading for August and significant job gains revision have strengthened the case for a quarter-point rate cut by the Federal Reserve on September 17 [2] - Market expectations are shifting towards potential multiple rate cuts by the end of the year, with today's CPI report being crucial for determining future rate cut probabilities [3] Group 2 - A quickening in core price pressures indicated by the CPI report could disrupt current market expectations for rate cuts, while a muted reading may suggest tariffs are not significantly impacting costs [3]

Taking a turn now for business. Let's bring in CNBC's Karen Gilchrist live with us from London. Karen, Wall Street received a tame inflation reading yesterday with another key report on tap.What should we expect from the markets today. Hey Ally, good morning. Yes, inflation very much in focus as you mentioned a couple of key inflation prints uh this week.So yesterday we had the producer price index which measures wholesale inflation coming in cooler than expected showing a decline in fact uh in inflation ri ...

Market Overview - The market is currently mixed, with the Dow down approximately 200 points, the S&P 500 up nearly 0.3%, and the NASDAQ roughly flat [1] - The bond market has resumed its downward trend, with the 10-year Treasury yield approaching 4.03% and the 30-year at 4.68% [1] - Utilities and tech sectors are outperforming, each up more than 1.6%, while consumer discretionary and healthcare sectors are lagging [1] Oracle's Performance - Oracle's stock surged nearly 40% following a strong quarterly earnings report, with cloud revenue expected to skyrocket [8][10] - The company's backlog of orders increased by 77% in one quarter, potentially exceeding $500 billion [9][10] - Year-to-date, Oracle's stock has nearly doubled, reflecting a significant transformation into a leader in AI infrastructure [8][34] Federal Reserve Developments - President Trump's nominee for the Federal Reserve Board, Steven Myron, is likely to be confirmed, raising concerns about central bank independence [1][2] - The Senate Banking Committee voted along party lines to advance Myron's nomination, with a full Senate vote expected soon [1][2] - Investors anticipate a 25 basis point rate cut at the upcoming Fed meeting, with discussions about potentially ending quantitative tightening [2][4] IPO Market Activity - The IPO market is experiencing a resurgence, with several companies, including CLA, making their public debuts [5][6] - The favorable environment for IPOs is attributed to the prospect of rate cuts and low market volatility [5] - Companies are increasingly focusing on demonstrating profitability and AI strategies to attract public market investors [6] Other Company Insights - Rocket Companies received an upgrade from Bank of America, with expectations that lower rates will benefit mortgage activity [12] - Nike's stock was upgraded by TD Cowan, citing improvements in brand loyalty and operational execution [15][17] - The tech sector continues to see significant movements, with companies like Nvidia and Broadcom also showing strong performance [1][8]

LIVE S&P 500 Builds on Record High After PPI Inflation Report Last Updated: 37 min ago The Fed Won't Go Big on Rates, Says Neil Dutta. Why It Should. By Karishma Vanjani Proponents of a rate cut have "a very strong case" for a large move lower in rates this time around. That's according to Neil Dutta, head of economics at Renaissance Macro Research. In a note Wednesday, he wrote that given labor market conditions are cooling more rapidly than they were to start the year and tariff related pass-through has n ...

had here today. Jeffrey's chief market strategist and CNBC contributor David Zervos is back. Always good to see you, Z.Welcome. Great to be here. What do you make of this uh inflation versus margin story in PPI today.You know, we had a big surprise last time, a lot of it revised away and then this big surprise to down. It's a volatile number and I the big numbers tomorrow, but it's great news. I think it feeds the narrative that many had hoped for.Uh, and it takes uh it takes us back to kind of where Steve ...

Market Overview - The S&P 500 and Nasdaq Composite reached new record highs as wholesale prices unexpectedly declined, supporting the case for a potential rate cut by the US Federal Reserve [1][3] - Investors are anticipating consumer inflation data, which could significantly influence the Fed's upcoming decisions [1] Company Performance - Oracle's shares surged by 35%, contributing to Nasdaq's record performance, following reports of a 1,529% increase in multi-cloud database revenue from Amazon, Google, and Microsoft due to AI server demand [2][4] - Other notable gainers included Vistra Corp., Nvidia Corp., and Nike Inc., while Amazon.com Inc., Apple Inc., McDonald's Corp., and Walt Disney Co. experienced declines [4] Sector Performance - In early trading, six out of eleven sectoral indices were in the green, with information technology and energy sectors leading the gains, while consumer discretionary and communication services sectors were in the red [4] Commodity Prices - Spot gold increased by 0.6% to $3,648.15 per ounce, and crude oil prices rose by 0.7% to $63.07 per barrel [5]

分组1 - US stock futures are rising, driven by Oracle's strong earnings report and optimistic outlook for its cloud infrastructure business, leading to record highs for the S&P 500 and NASDAQ [1][10] - Deutsche Bank raised its year-end target for the S&P 500 to 7,000 points, implying a gain of over 7% from current levels, while Barclays also increased its forecast to 6,450 points, citing strong earnings and resilient economic growth [1][10] - Oracle's cloud revenue is expected to grow 77% year-over-year to $18 billion, with AI-driven cloud revenue projected to reach $144 billion by fiscal year 2030, resulting in a market cap increase of $212 billion [1][10][22] 分组2 - The IPO of fintech company Clet is anticipated to be one of the largest this year, priced at $40 per share, valuing the company at $15 billion, with strong demand indicated by oversubscription [2][3] - Novo Nordisk announced a reduction of 9,000 jobs globally and cut its profit forecast for the third time this year, aiming to save $1.3 billion by 2026 [7][8] - Chewy reported a profit decline in its fiscal second quarter despite increased sales, impacted by a $79 million expense related to share-based compensation [9] 分组3 - The Producer Price Index (PPI) showed an unexpected drop in wholesale prices, with a year-over-year increase of only 2.8%, lower than the expected 3.5%, indicating potential for a Federal Reserve rate cut [1][6] - A federal judge blocked President Trump's attempt to remove Fed Governor Lisa Cook, allowing her to participate in the upcoming Fed policy meeting [1][3] - The Senate Banking Committee is expected to vote on Steven Myron's nomination to the Fed, who is in favor of lower rates, potentially influencing the Fed's decision [4][5]