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US Core CPI Rises, Likely Keeping Fed Hike in Play

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Excluding food and energy, the consumer price index rose 0.4% last month after a 0.5% increase in February, according to data out from the Bureau of Labor Statistics. Mike McKee takes a look at the numbers on “Bloomberg Surveillance.”

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10 Comments

10 Comments

  1. @hornet224

    January 31, 2024 at 4:27 pm

    Government data: Garbage in, garbage out.

  2. @gomachanLovely

    January 31, 2024 at 4:27 pm

    What sad story !!

  3. @neilwadden1749

    January 31, 2024 at 4:27 pm

    I thought energy was not included in core inflation 🧐

  4. @LinusWilson

    January 31, 2024 at 4:27 pm

    All these biz channels suffer from groupthink

  5. @johndingle6293

    January 31, 2024 at 4:27 pm

    Market is running out of time. Stagflation will only shrink margins. Less sales and tighter margins.

  6. @tomhook4819

    January 31, 2024 at 4:27 pm

    Inflation won't stop anytime soon. And Fed should keep hiking rate till at least the end of 2023.

  7. @Cryptocoreano

    January 31, 2024 at 4:27 pm

    Bloomberg went full short i guess😅

  8. @herbschmidt2401

    January 31, 2024 at 4:27 pm

    On these numbers would you stop rises in rate. No. Seems splitting hairs😢

  9. @JohnSmith-fi7ir

    January 31, 2024 at 4:27 pm

    Hey there!

  10. @illegalsmirf

    January 31, 2024 at 4:27 pm

    No chance.

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Trump & Xi to Meet Amidst Friction on Wars, Tech, Trade

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US President Donald Trump and Chinese President Xi Jinping prepare to meet in Washington with technological supremacy and unresolved economic friction at the top of the agenda. Ahead of an approaching trade truce deadline, discussions are to center on artificial intelligence competition, semiconductor export policy, and potential Chinese EV manufacturing in the US. Against the backdrop of ongoing tariff debates and geopolitical tensions over Taiwan and Iran, Bloomberg’s Stephen Engle previews what is at stake for both economies.
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Oil Drops as Iran Diplomacy Prospects Pick Up

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Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that’ll shape the conflict. US President Donald Trump told Axios he was approaching a “big decision” on whether to re-escalate attacks on Tehran, with a meeting with Persian Gulf nations planned for next week in New York. Bloomberg’s Stuart Livingstone-Wallace breaks down the situation.
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On Holdings New Partner; Netflix Analyst Downgrade | Stock Movers

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On this episode of Stock Movers:

– On Holding (ONON) is higher after it signed Kylian Mbappé as a partner in developing football products and representing the brand. The move marks On mounting a bold challenge to Nike and Adidas’ dominance of the sport.
– Xenon Pharmaceuticals (XENE) is in a steep decline after it voluntarily halted a trial enrollment of azetukalner, which treats depression and bipolar, after studies showed adverse events.
– Netflix (NFLX) shares are lower after Wells Fargo downgraded the stock to underweight, citing concerns about user engagement. Analyst Steven Cahall wrote that Netflix “has lacked big original series and it’s showing” and that “breakout hits” are necessary for the stock to work again.
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Buffett Steps Down at Berkshire

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Get a jump start on the US trading day with David Gura on “Bloomberg Open Interest.” Tech stocks pare morning gains as the sector’s recovery from a rocky week loses steam, while the S&P 500 turns lower and Brent crude extends its decline. Plus, China tariffs reportedly on hold ahead of the Trump-Xi summit, a changing of the guard at Berkshire, PwC CEO Paul Griggs on AI reshaping jobs, Mbappé’s stunning Nike exit, and new scrutiny of the Fed over SVB.

Chapters:
00:00:00 – Open Interest
00:01:20 – AI Safety Debate, Palantir’s Alex Karp & Why Software Stocks Are Rebounding
00:04:43 – Warren Buffett Steps Down as Chairman & Berkshire’s Next Chapter
00:07:46 – Trump-Xi Summit, China Tariffs, Rare Earths & Middle East Diplomacy
00:13:20 – High Interest | Lagarde Succession, Saudi Oil Disruption
00:14:28 – Fed Speak Returns, BOJ Rate Hike & Treasury Market Risks
00:17:41 – John Stoltzfus Oppenheimer | AI Earnings Boom, Market Resilience & Why This Isn’t a Bubble
00:31:58 – Top Calls | Netflix Downgrade, Etsy Upgrade & StubHub Upgrade
00:32:49 – AI Winners, Software Revival & Why Markets Are Giving AI Another Chance
00:38:30 – Active ETFs, Finding the Next Nvidia & Bitcoin ETF Flows
00:44:42 – Indrani De FTSE Russell | Rising Yields, AI Capex Boom, Credit Markets & Global Asset Allocation
00:52:31 – Trump-Xi Talks, AI Competition & U.S.-China Trade Strategy
00:57:51 – Silicon Valley Bank Review, Bank Oversight & Fed Regulation Changes
01:01:22 – Kylian Mbappé Leaves Nike, On Holding’s Big Bet & Sportswear Competition
01:05:33 – Paul Griggs PwC | AI and the Workforce, Productivity Gains & Future Job Creation
01:17:58 – Midterm Elections, Trump Strategy, Tariffs & Executive Power
01:23:06 – Qatar Economic Forum, Geopolitics, Gulf Investment & Global Diplomacy
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Warsh Restores Some Fed Credibility: 3-Minutes MLIV

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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”

Chapters:
00:00:13 – Jackson Hole
00:01:36 – Inflation
00:02:35 – More Yen Interventions?
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