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Key US Inflation Measures Rise as Jobless Claims Decline

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BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on “Bloomberg Surveillance.”

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10 Comments

10 Comments

  1. @busterround8870

    December 11, 2023 at 7:25 am

    Also hey! Just look at consumer goods prices!!!

  2. @johnalver

    December 11, 2023 at 7:25 am

    People come to the US for jobs jobs that are paid for by money that is printed up. . . . It's an odd concentration of people. . . Very much a modern phenomenon. . . Moving to a place for a job 🤔

  3. @tm7517

    December 11, 2023 at 7:25 am

    This title is wrong. I listened to another inflation report which was just straight up what the fed said.
    Inflation was 3% for the 12 months through June that was the smallest annual gain since march 2021. And what the fed call core inflation they excludes food and energy was 4.1% which is the lowest since sept 2021.

    No wonder the host didn’t make sense he giving bad information about inflation. Inflation didn’t rise. Again according to the fed.

  4. @tm7517

    December 11, 2023 at 7:25 am

    That information meant nothing to me. I have no idea. What two tenths means in terms of its significance. What inflation numbers they are using. They said 4.2%, but then 3.3%, then 3%, then says two tenths. Then it was what’s the market doing. These mfers are wish casting market trends based on that data. But ok.

  5. @Shining237

    December 11, 2023 at 7:25 am

    Ineffective economic sanctions imposed on Russia caused much of this inflation. The war severely interrupted global trading forcing Nations to realign with different trading partners.

  6. @joealonzo536

    December 11, 2023 at 7:25 am

    You are paying more than double for your gasoline since Joe🌜Biden became president; check the price of your food is more than double some places the price of food has triple, check your electric bill is double, check your natural gas bill is now double. In addition, you are paying double for your property taxes. Selling weapons to kill people in Ukraine and setting up wars anywhere else in the world is making the owner of the War Industry Complex richer, but the lower middle class, the worker are in the deep smelly thing, getting poor, broke by the day. “Every Billion dollars the🌛Biden administration gives away to Ukraine or Taiwan is making you poor and broke”

  7. @ericeandco

    December 11, 2023 at 7:25 am

    That’s a lie. All it means is people gave up, fell off the list for a number of reasons, took an underemployment situation or just didn’t bother with unemployment.

  8. @gmil2573

    December 11, 2023 at 7:25 am

    It is critically important that US popular press continue this narrative and ignore the deep deflationary recession enveloping the world. Fake it until we make it :).

  9. @davidngan3391

    December 11, 2023 at 7:25 am

    inflation is up over 100% in the last 15 years lol

  10. @justbeinghumanswaiin1345

    December 11, 2023 at 7:25 am

    People are working and the cost of living is SKYROCKETING

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Constellation Energy Surges 12% on Google Nuclear Power Deal | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Jess Menton.
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Anti-AI Trade Drives Buyers Into Bonds: Market Analysis

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Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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India’s Economy Grows Faster Than Expected at 7.8%

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India’s economy grew faster than expected in the last quarter, defying the energy shock from the Iran war.

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US Stocks Rebound Ahead of Earnings; Zelenskyy Says Trump Pushing Kyiv to Yield

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US equity future rise as tech stocks look set to snap a 8-session losing streak. President Zelenskyy accuses President Trump of trying to push Ukraine to give in to Russia. Elon Musk says he’ll give a SpaceX share to “every kid in America” next year. Ella Gude of BNY joins “Bloomberg Brief” to discuss the global AI trade and valuations.

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00:00:00 – Bloomberg Brief begins
00:02:23 – Tech and Asia Markets Rebound
00:04:39 – AI and Markets
00:08:20 – US Ukraine Tensions
00:10:42 – France Protests
00:15:01 – Indonesia Stocks Slide
00:15:27 – China Growth Beats Forecasts
00:16:27 – SpaceX and Nxscale
00:20:16 – Trump Approval Hits 33%
00:21:00 – Barclays Loans Face Scrutiny
00:25:02 – Market Outlook with Ella Gude
00:31:42 – Brazil Election Tightens
00:32:38 – US Ukraine Relations
00:38:13 – AI, IPOs and Earnings
00:42:45 – Big Tech Earnings Ahead
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Saudi Aramco Headquarters Hit in Houthi Attack as Iran Escalates Hormuz Ship Strikes

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Saudi Aramco’s headquarters in Dhahran is hit in a Houthi attack, sparking a fire and marking a major escalation against Saudi energy infrastructure. Iran is also intensifying attacks on shipping in the Strait of Hormuz, adding further pressure to regional trade and energy routes.
Donald Trump says the Houthis are trying to push oil prices higher at Iran’s behest and says he is considering joining the Saudi-led campaign.
Asian stocks rise ahead of US inflation data, while Fed official John Williams says he sees no need for further tightening beyond one more rate increase this month.
Bank of America faces potential fines of around $1.2 billion over alleged money-laundering lapses, while an OpenAI employee has been arrested over a hidden recording device.
At the Bloomberg New Economy Forum in India, Marubeni President and CEO Masayuki Omoto discusses the changing global supply-chain map and the impact of the Middle East war on supplies.
DP World CEO Yuvraj Narayan says the impact of the conflict on shipping, inflation and the cost of trade could be significant, while Cisco Chairman and CEO Chuck Robbins discusses technological sovereignty, resilience and growth opportunities across the Middle East and India.
Dangote Refinery profit surges ahead of a planned IPO, while Senegal’s rapid debt-workout plan faces new obstacles and Botswana is said to be nearing agreement on the size of its stake in De Beers.
Elsewhere, Canadian International Trade Minister Maninder Sidhu discusses India-Canada trade ties, while Mubadala Deputy Group CEO Waleed Al Muhairi says Asia could account for 25% of the group’s portfolio by 2031, with South Korea among the markets he sees as well positioned. Guests includes Charu Chanana, Saxo Chief Investment Strategist, Rachel Ziemba, Ziemba Insights Founder, Masayuki Omoto, Marub

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

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00:00:00 – Introduction
00:02:25 – Saudi Aramco Headquarters Hit in Houthi Attack
00:06:37 – Charu Chanana, Saxo Chief Investment Strategist
00:13:18 – Masayuki Omoto, Marubeni President & CEO
00:19:53 – Bloomberg NEF Panel on the ‘Middle Power’ Moment
00:27:08 – Chuck Robbins, Cisco Systems Chairman & CEO
00:36:51 – Rachel Ziemba, Ziemba Insights Founder
00:39:16 – Yuvraj Narayan, DP World CEO
00:42:58 – Maninder Sidhu, Canadian International Trade Minister
00:48:07 – Waleed Al Muhairi, Mubadala Deputy Group CEO
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