Consumer Prices Rise, Stocks and Bonds Fall, Midterms, More
Summary
Bloomberg News Now reports that U.S. inflation hit a five-month high due to rising fuel costs, reinforcing expectations that the Federal Reserve will keep interest rates elevated. The episode covers Morgan Stanley’s strong trading revenue and Bank of America’s earnings miss amid regulatory penalties, while also highlighting key Senate debates focused on high cost-of-living issues ahead of the midterms. International segments detail escalating drone attacks on Saudi Arabia, a massive Russian strike on Ukrainian energy infrastructure, and Pope Leo XIV’s cancer diagnosis. The broadcast conclud…
Topics discussed
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US Consumer Price Index rises to 3.7%
Breakdown of CPI: Fuel, Food, and Cars
Market reaction: Stocks fall, Dollar rises
Morgan Stanley earnings beat estimates
Bank of America misses estimates, faces penalties
Midterm Senate debates focus on cost of living
NY Governor debate: Cornell investigation dispute
Saudi Arabia hit by Houthi drone and missile attacks
Russia strikes Ukrainian energy infrastructure
Pope Leo XIV diagnosed with lung cancer
Mortgage rates rise; GlobalFoundries chip plant deal
Outro and sign-off
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Sponsor: Edward Jones
Sponsor: Navy Federal Credit Union
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