NOW – Hegseth called a “Christian Zionist” in hearing.
Day: January 14, 2025
📰 HEGSETH: TRUMP WANTS ME TO BRING WARRIOR CULTURE BACK TO PENTAGON
HEGSETH: TRUMP WANTS ME TO BRING WARRIOR CULTURE BACK TO PENTAGON
📰 PPI DATA NUDGE PCE PROJECTIONS HIGHER Figures from this morning’s PPI inflation report will feed into the December PCE inflation data–the Fed’s preferred measure of rising prices–and Wall Street economists are crunching the numbers to update their estimates. At Citi, economists now expect that core PCE inflation, which excludes volatile food and energy prices, ran at 0.21% month over month in December, a slight upward tweak from the previous forecast. Morgan Stanley economists also nudge up their December core PCE inflation projection, now at 0.23%. Core PCE increased by 0.1% in November, so both banks see a December reacceleration ahead. Some Fed officials have said they want to see the 12-month core PCE inflation number decelerate closer to the 2% target before cutting interest rates further. The PCE numbers are due Jan. 31.
PPI DATA NUDGE PCE PROJECTIONS HIGHER Figures from this morning’s PPI inflation report will feed into…
📰 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.
BANNON QUESTIONS MUSK’S INFLUENCE IN TRUMP ADMINISTRATION Former Chief Strategist for Donald Trump, Steve Bannon, downplayed…
📰 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.
DOES WEAK PPI MEAN WEAK CPI? Weak PPI means weak CPI, not always but often, writes…
📰 TOP DEMOCRAT ON SENATE PANEL SAYS IN PREPARED REMARKS THAT PETE HEGSETH IS NOT QUALIFIED TO BE U.S. DEFENSE SECRETARY SENATOR REED CALLS ON HEGSETH TO EXPLAIN WHY HE BELIEVES DIVERSITY MAKES THE U.S. MILITARY WEAK
TOP DEMOCRAT ON SENATE PANEL SAYS IN PREPARED REMARKS THAT PETE HEGSETH IS NOT QUALIFIED TO…
Tony Slattery Dies: Comedian, Actor & ‘Whose Line Is It Anyway?’ Star Was 65
Tony Slattery, the comedian and actor best known for his improvizations on hit comedy show Whose…
📰 $META $SNAP – The report on CNBC about the sale of TikTok’s US operations to Elon Musk, mentioned by Faber, lacks any semblance of truth or credibility.
$META $SNAP – The report on CNBC about the sale of TikTok’s US operations to Elon…
📰 NOW – WEF CEO is pleased that Trump will join Davos’25.
NOW – WEF CEO is pleased that Trump will join Davos’25.