Market Trends & Expectations - The yield on the benchmark 10-year Treasury is closing back in on 4% [1][2] - Economists anticipate consumer prices rose slightly more than in July, with an annualized rate just under 3% [1] - A surprise drop in wholesale prices (PPI) occurred in August, falling by 0.1%, against consensus estimates expecting an increase [1] - The market was surprisingly not up more despite the magnitude of the PPI data [4][6] Potential Monetary Policy Implications - If the PPI trend continues, it could theoretically lead to deflation, although it's too early to confirm [3] - Continued reports of this nature suggest rates are likely to continue to come down, which would be positive for the markets [3][4] - If upcoming CPI data doesn't completely contradict the PPI data, the Fed may be compelled to cut rates [5] - The possibility of a 50 basis points rate cut, previously considered dramatic, now seems more plausible given weakening labor and inflation data [5][6]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a global simulcast. And it starts right now.Jess Menton in the radio booth Lisa mateo by her side. Carol Massar and tim Stenovec taking a well unearned day off here on this Wednesday afternoon. Welcome to our audiences across all of our bloomberg platforms.A record setting day potentially here just for the S&P 500, though a somewhat tepid one. That's righ ...

I think the economy is weakening, you know, whether that is on the way to recession or just weakening, I don't know, and that just confirms what we already thought, kind of. And I know that's a big revision. And speaking of kind of what we were going back to with the state of the economy, the difficulty predicting one of the questions people have is what's going on with the consumer right now.They're still spending money. It's a little bit different depending on what income set they're coming from. They sti ...

All right, estimate 75,000. Do you agree with some other people I spoke to that it's not really going to be a market mover unless we see an outsized move either to the upside or the downside. Because I think most people think that cut is nearly a certainty.I don't want to say it's a certainty, but pretty close to a certainty. Yeah. Unless the world falls apart and it falling apart is going to be putting uh numbers that are way beyond that 15 $20,000 margin of error that we're talking about because the quali ...

Inflation Analysis - Inflation is running around 3%, approximately 1% higher than the Fed's 2% target [3][4] - Tariffs' impact on inflation is expected to fade in 2 to 3 quarters, but there's a reasonable possibility of persistence [5] - Companies closer to the importer are passing on almost everything, while those closer to the consumer are having difficulty passing through costs [29] - The impact of tariffs is being shared by exporters, importers, consumers, and intermediate goods [30] - So far, there has been a muted impact on core goods and services, with some higher services inflation [30] Labor Market Assessment - The labor market is seen as stable around full employment, with an unemployment rate at 42% [11] - There is slightly more than one vacancy for each person unemployed and looking for a job [12] - Demand for labor has declined, but so has the supply [13] - The break-even pace of employment is expected to be sub 50 thousand this year due to lower immigration flows [14] Monetary Policy Stance - The Fed has a dual mandate: price stability and full employment, requiring a balanced approach [6][7] - The speaker is weighing the fact that inflation is almost 1% above target against a labor market at full employment but with downside risks [8] - A 50 basis point cut is unsupported by the current state and outlook for the economy [33] - Central bank independence is very important for better economic outcomes [23][24]

Hello and welcome to market domination. I'm Josh Lipton live from our NYC headquarters with just an hour ago until the closing bell and right now stocks they are higher. Let's look at the popular averages.The Dow's up about 400 points. Your broadgate the S&P 500 is up about 2/10en of a percent and your tech heavy NASDAQ it's also green up about of a tenth of a percent here. Let's welcome in Al Root associate editor at Barons.Got our data and markets editor Jared Blickery joining us to help break down the he ...

Market Performance - NASDAQ is the only major market to close in the green [1] - Dow is down almost 1 percentage point [2] - S&P 500 is down about 04 percentage point [3] - S&P 600, a small cap market, is down 21%, marking the worst day for small caps in almost 8 weeks [4] - Tech is the only sector in the green, with Materials down 2% [6][7] Economic Indicators and Analysis - The 30-year yield is back above 5%, impacting equities [4] - CPI inflation is stalling out, with tariffs affecting goods inflation [10] - Consumer sentiment is delivering false alarms, with consumers judging their own finances positively but the overall economy negatively [35] - Economists suggest focusing on consumer spending rather than sentiment [40] - June CPI report shows a year-over-year number of 27%, but month-over-month numbers are fine, with the core number at 02% [47][48] Company Specific News - Nvidia is up 404%, resuming sales of some chips in China, potentially adding $8 billion in revenue [8][18][19] - JP Morgan's earnings were strong, with net interest income guidance exceeding expectations by at least $15 billion and investment banking revenues up over 9% year-on-year [25][26][27] - Bank of America expects net interest income to rise about 7% from the previous quarter [62]