Steve Leeman and Rick Santelli are here for what we should get on time and that is the CPI. Rick, you got it. Or Steve up 0.4% uh versus an estimate of 0.3% uh real earnings minus 0.1%.Obviously, the inflation numbers taking that off. Uh let's see what we got here. Uh year-over-year uh headline 2.9% right in line. X food and energy 3.1% right in line.No adjustment to the prior number. Uh but the one thing is the headline the uh core at 03 is exactly in line with estimates. Uh let's see what else we have her ...

🇺🇸 JUST IN: CPI hits +2.9% YoY, Core CPI +3.1%, both match expectations. ...

RT Bloomberg Opinion (@opinion)CPI: We’re expecting a little heat in the travel space today ✈️Joining us for live analysis is @BBGIntelligence Sr. Aerospace/Defense/Airlines analyst George Ferguson.Tune in here: https://t.co/ILZTV04VXx ...

Market Overview - The current market momentum is characterized by a continual climb in equities, despite the traditional seasonality challenges of September [1][2] - Recent rotation trades have shown a broadening out in market participation, with major indices like the S&P 500 and NASDAQ being influenced by technology and communication services sectors [2][3] Company Insights - Oracle has generated enthusiasm in the market, particularly regarding its advancements in AI across hardware, data, software, and cloud services, contributing positively to the technology sector's performance [3][5] - The performance of mega-cap stocks, including Oracle, has been a significant driver of market gains, with concerns about concentration in these stocks being noted but not currently impacting market stability [7][13] Economic Indicators - Economic data has been weak overall, but it supports the narrative that the Federal Reserve may cut rates aggressively for the remainder of the year [5][20] - The upcoming Consumer Price Index (CPI) report is anticipated to show a month-over-month increase of 0.3% for both headline and core CPI, which could influence market sentiment [20][21] Stock Performance - Nvidia has received an upgrade from DAD Davidson, raising its price target from $195 to $210, reflecting optimism about its growth in the AI sector despite potential volatility from China [16][17] - The stock has shown resilience, bouncing back from a critical support level around 167, indicating strong buying interest [17][18] Market Dynamics - The market has not experienced significant liquidity issues, with ample liquidity supporting equity prices [4][10] - A rotational trading pattern is observed, where investors are reallocating funds rather than withdrawing from the market, which is beneficial for stocks like Oracle and others recently added to indices [9][12]

Market Overview - The market is currently experiencing high volatility, described as a "circus," due to events like CPI data release, Oracle React, and Gemini IPO [1] - The advice is to remain calm and avoid overreacting to market fluctuations [1] Interest Rate Expectations - A 25 basis point rate cut by the Federal Reserve is largely expected [1] - A CPI below 32% would be needed for the market to feel comfortable with a 50 basis point cut [1] - CPI in the 035%-04% range would raise questions about whether there will be two or three cuts [1] - September rate cut is highly anticipated [1] - Stable inflation is needed to give the Federal Reserve flexibility to address labor market weakness [1] Rubric Analysis - Rubric's stock fell after earnings, presenting a potential buying opportunity [1] - Rubric specializes in ransomware and ransomware recovery, operating as a smaller cybersecurity company focused on data security in the cloud [1] - Rubric is viewed as a potential acquisition target in the next 12-18 months due to consolidation in the tech sector and the growing importance of cybersecurity [1] - As AI heats up, so does the AI threat level [1]

>> IT IS 5:00 A. M. IN NEW YORK CITY.I AM VONNIE QUINN WITH YOUR BLOOMBERG BRIEF. COUNTDOWN TO CPI, STOCKS STUDY AHEAD OF THE KEY INFLATION DATA PRINT. THREE RATE CUTS ALMOST FULLY PRICED IN.FROM TARIFF IMPACTS TO COMPETITION WITH CHINA, DO NOT MISS OUR INTERVIEW WITH UBS CEO. A MANHUNT UNDERWAY UNDER THE -- AFTER THE FBI RELEASES SOMEONE WHO HAD BEEN A PURSE -- A PERSON OF INTEREST IN THE KILLING. LET US GET TO THE MARKETS.FUTURES ARE HIGHER AFTER ORACLE SURGED 36%. ORACLE NOT IN THE NASDAQ OR THE NASDAQ 1 ...

RT Bull Theory (@BullTheoryio)🚨 TODAY’S CPI IS VERY CRUCIAL FOR YOUR CRYPTO PORTFOLIO 🚨At 8:30 AM ET, the US will release CPI and Core CPI data.Expectations:• CPI → 2.9%• Core CPI → 3.1%Why does CPI matter? Because every major data point in the past 10 days shows the economy weakening:• Payrolls revised down 911,000 jobs (biggest cut in history)• Unemployment up to 4.3% (highest since 2021)• PPI cooled to 2.6% vs 3.3% expected; Core PPI 2.8% vs 3.5% expectedTogether: jobs are weakening, wholesale inflation ...

Market Performance & Trends - The market showed mixed performance with the Dow experiencing a loss of 0.5% or 220 points, while NASDAQ and S&P 500 achieved record highs, gaining 6 basis points and approximately 0.3% respectively [2] - The technology sector, represented by XLK ETF, reached a record high after four weeks, driven by Oracle's over 30% gain [3] - AI is increasingly seen as a key driver for stock market performance, exemplified by Oracle's shares closing up nearly 40% [6] - Strategists are becoming increasingly bullish, raising price targets based on the theme of capex spend [6][7][9] - There's a disconnect between risk-on signals (stocks hitting records, tight credit spreads) and risk-off signals (gold hitting records), potentially due to a weaker dollar and concerns about institutional credibility and volatile politics [13][14] Company Specifics - Broadcom's market capitalization increased by over $100 billion, with its stock up 60% year-to-date [4] - Oracle's stock price has almost doubled year-to-date, up 97%, increasing its worth by approximately $230 billion [5] - AT&T is focused on expanding its fiber network to 60 million households by the end of the decade, requiring a build of approximately 30 million more [34] - AT&T plans to ramp up fiber build to about 4 million a year by the end of next year [35] Economic Outlook - The market is climbing a "wall of worry," with AI capex spend accelerating and not heavily dependent on interest rates [10][11] - Inflation is still a concern, with opinions divided on whether the worst-case scenario has been avoided [15][16] - AT&T's customers are still actively purchasing products/services and paying bills, but there is some stress in the consumer space due to rising costs [50] Investment Strategies - Exposure to the AI theme is crucial, with a preference for software, technology, and communication services [24] - Diversification is recommended by allocating to value stocks internationally and inflation-sensitive parts of the US market, such as domestic banks [25][26][27] - For fixed income investors, a shorter duration and credit tilts are advised, as current yields may be at risk of shifting higher [28][29]

CPI tomorrow - rate cuts next week?Good volatility in both directions. Took big profits off leveraged positions for nowThink with patience a good opportunity to get long again will come ...

Inflation & Monetary Policy - The market is trying to figure out if PPI and CPI data will be market movers after a soft jobs report and revisions signaling job market weakness [1] - The Fed faces a challenging scenario if CPI data comes in higher than expected, especially with potential goods inflation pressure from tariffs [2] - Last month's CPI data benefited from significant disinflation in one sector; stripping that out reveals a more unsettling number [2][3] - A 29% headline CPI seemed fine for PCE according to JPA Pal, and the focus should be on the month-on-month CPI number to see the impact of tariffs [4][5] - The consensus for the month-on-month CPI number is 03%, and a higher number would be a concern [5][6] AI & Tech Market - Oracle shares are up about 29% with strong numbers and forward guidance, confirming the AI trade is still alive [6] - Sentiment on AI swings regularly, but the firm remains a believer with overweights in US equities and the NASDAQ, driven by AI [7][8] - Forward P/Es for the NASDAQ are a bit above average, but earnings expectations are not rising much more quickly than normal [9][10] - The current earnings trend for tech stocks is considered sustainable, and the multiple is not seen as too high [10]