Hey everybody, Rob now here and today we're going to be talking about a couple of updates

on Gigabrah Lin we've got news from Gigashang High and all stuff dates we'll of course talk

about the PPI report from this morning and a few other items as well.

Another nice outperformance for Tesla on the day to day finishing up 3.6% to close at

$302.61 while the NASDAQ did recover a little bit from the terrible day yesterday, certainly

not making up all that ground but closing up three quarters of a percent.

After the consumer price index report yesterday a lot of eyes this morning on the producer

price index to see how that compares, the PPI report here much better received by the

market today.

The headline number was up 0.1% month of a month in August.

That was in line with estimates as for core PPI so excluding food energy and trade services

that did increase 0.2% month of a month.

So an increase but not as big of an increase as we saw in core CPI and not as big of a disparity

between headline and core.

Year over year core PPI was up 5.6% so if we look at the graph over the last 12 months

we can see that this has continued to decline unlike the core CPI which we saw revert from

the declining or stable changes that we'd seen over the last 4 or 5 months.

So probably not enough here to change the expectations for what will happen with the

next Fed meeting but definitely a report that does not look as bad as the CPI did.

That next FOMC meeting by the way that'll be one week from today next Wednesday September

21st.

Elon again chimed in on this on Twitter of course earlier he had said that deflation looks

...