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2025
January
14
📰 $TSLA – TESLA SHARES JUMP 4.3%
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📰 $TSLA – TESLA SHARES JUMP 4.3%
January 14, 2025
Frank
$TSLA – TESLA SHARES JUMP 4.3%
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📰 DOES WEAK PPI MEAN WEAK CPI? Weak PPI means weak CPI, not always but often, writes Brent Donnelly of Spectra Markets. Recently, it’s somewhat rare for the Labor Department to publish PPI data before CPI data in a given month, but before 2018, it was the norm. Looking back at 10 years of history: When headline and core PPI both fall short of expectations–as they did in this morning’s release of December data–CPI for the same month has come in hot only 21% of the time. In such cases, it meets expectations 39% of the time and it too is softer than expected 39% of the time, Donnelly finds. That suggests that Wednesday’s December CPI is now less likely to come it higher than Wall Street expects. Economists had been forecasting a 0.3% rise in consumer prices.
📰 BANNON QUESTIONS MUSK’S INFLUENCE IN TRUMP ADMINISTRATION Former Chief Strategist for Donald Trump, Steve Bannon, downplayed Elon Musk’s influence in the incoming administration during an event in Washington on Tuesday. Musk, co-leader of the Department of Government Efficiency, is reportedly involved in Cabinet picks and policy discussions but, according to Bannon, lacks decision-making power. “Musk doesn’t have the ability to actually make decisions and inform those decisions and drive those decisions,” Bannon told Politico.
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