Wall Street Breakfast: #Inflation

seekingalpha06-28

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Getty Images #Inflation When the U.S. Department of Commerce releases its ...

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Getty Images #Inflation When the U.S. Department of Commerce releases its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4701471-wall-street-breakfast-inflation\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Breakfast: #Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Breakfast: #Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-28 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4701471-wall-street-breakfast-inflation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Getty Images #Inflation When the U.S. Department of Commerce releases its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4701471-wall-street-breakfast-inflation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBER","symbol_name":"优步","start_time":0,"source_url":"https://seekingalpha.com/article/4701471-wall-street-breakfast-inflation","article_id":"2446504202","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1479719862/image_1479719862.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446504202","pubTimestamp":1719574258,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Listen on the go!","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UBER":"优步","AMZN":"亚马逊","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4128":"药品零售","BK4534":"瑞士信贷持仓","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4532":"文艺复兴科技持仓","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LYFT":"Lyft, Inc.","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","WOOF":"Petco Health and Wellness Company, Inc.","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","WBA":"沃尔格林联合博姿","NKE":"耐克","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","TSCO":"拖拉机供应公司","BK4230":"旅客陆运","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","META":"Meta Platforms, Inc.","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4538":"云计算","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","BK4535":"淡马锡持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","DJT":"特朗普媒体科技集团","BK4220":"综合零售","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","NOK":"诺基亚","BK4536":"外卖概念"},"translate_title":"华尔街早餐：#通货膨胀","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOOF":1,"WBA":1,"LYFT":1,"NKE":1,"NOK":1,"TSCO":1,"UBER":1,"DJT":1,"US3Y.BOND":0.9,"US10Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"US30Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"US7Y.BOND":0.9,"US912797GB79.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"AMZN":0.2,"META":0.2},"content_text":"Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Getty Images #Inflation When the U.S. Department of Commerce releases its personal income and outlays report for May, most eyes will be trained on the inflation data. Specifically, the core personal consumption expenditures index will provide further evidence on whether the lack of progress in lowering inflation earlier in the first quarter of the year was a bump in the road or a worrying trend. In April, disinflation appeared to resume, but one month does not make a trend. By the numbers: Core PCE is expected to tick up 0.1% M/M in May, according to the consensus by economists, slowing from the 0.2% increase in April. On a year-over-year basis, that would come to a 2.6% rise compared with a 2.8% increase in the prior month. The Federal Reserve prefers to focus on core PCE, which excludes the volatile food and energy sectors, because it better reflects underlying inflation trends, than the Consumer Price Index. CPI measures the price changes on a fixed basket of goods and services, while PCE measures what consumers are actually spending, reflecting changes in behavior like substituting cheaper products when inflation rises. If the actual numbers bear out, that could give Fed policymakers increased confidence that inflation is heading \"sustainably\" toward the central bank's 2% goal. When they're confident in the path of inflation, then they'll consider making their first interest rate cut in the cycle, but they won't rush to judgment. While several Fed officials insist they'll need several more months of data to attain that confidence, see how WSB subscribers forecast rate cuts playing out this year. Speaking of inflation: The topic was a big one at the presidential debate last night, serving as a central theme and barometer of the economy. Tariffs were also discussed, as well as the impacts that the national debt, immigration and tax legislation might have in relation to prices. In fact, that's how the showdown kicked off, with moderators Jake Tapper and Dana Bash flagging the economy as the \"issue that voters consistently say is their top concern.\" (8 comments) More on the debate Many statements, numbers and claims were touted in last night's presidential debate, but many of the takeaways focused on the demeanor and coherence (or lack thereof) that both candidates displayed on stage. Decision-making at the ballot box can be dependent on temperament and abilities, but also check out what each of the candidates said about specific areas of the economy. For investors looking to play the elections through market instruments, there are some politically driven Republican and Democratic ETFs. Note that shares of Trump Media & Technology (DJT) are also up 7% premarket to nearly $40. (52 comments) The other foot Nike (NKE) shares tumbled 12.4% AH to $82.52/share on Thursday after the sportswear giant cut its guidance, citing increased macro uncertainty, worsening forex effects and softness in China. Nike's adjusted profit topped estimates, but revenue fell 2%, with Wall Street expecting a 1% gain. \"A comeback at this scale takes time,\" CFO Matthew Friend said during the earnings call. Executives also acknowledged the lack of innovation at Nike, especially in the most recent fiscal year as competitors gained traction in the fitness and running categories, but management aims to double the growth of the product pipeline by the end of 2025. (38 comments) DEI backlash After facing weeks of backlash on social media, Tractor Supply (TSCO) is pulling back policies that it said were unpopular with its customers. The farm supply retail chain will eliminate all DEI roles and targets, withdraw carbon emission goals and stop sponsoring non-business activities like pride festivals and voting campaigns. Instead, it will focus on ag education, animal welfare and veteran causes, as well as land and water conservation efforts. \"We heard from customers that we have disappointed them,\" Tractor Supply said in a statement. \"We've taken this feedback to heart.\" (11 comments)   Today's Markets In Asia,  Japan +0.6%. Hong Kong flat. China +0.7%. India -0.3%.In Europe, at midday,  London +0.6%. Paris -0.3%. Frankfurt +0.6%.Futures at 7:00,  Dow +0.1%. S&P +0.4%. Nasdaq +0.5%. Crude +0.8% to $82.37. Gold +0.4% to $2,346. Bitcoin +0.7% to $61,461.Ten-year Treasury Yield  +2 bps to 4.31%. Today's Economic Calendar 06:40 Fed's Barkin Speech8:30 Personal Income and Outlays9:45 Chicago PMI10:00 Consumer Sentiment12:00 PM Fed's Bowman Speech12:40 PM Fed's Daly Speech1:00 PM Baker Hughes Rig Count3:00 PM Farm Prices Companies reporting earnings today »  What else is happening... \nNokia (NOK) to acquire Infinera for $2.3B to boost optical position.Chewy, Petco (WOOF) jump as Roaring Kitty sets off meme army. Walgreens (WBA) sinks to multi-year low on sweeping store closures.Opioid crisis: Purdue Pharma settlement upended by Supreme Court.Meta (META) may block news content on Facebook in Australia.NFL ordered to pay $4.7B after losing Sunday Ticket antitrust trial.France is facing an election like no other. Here's how it works.Amazon (AMZN) Kuiper satellite production is delayed to Q4.Uber (UBER), Lyft (LYFT) to boost wages as part of $175M settlement.India set for billions in inflows as sovereign bonds debut on key index.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446504202"}