Welcome to a very special edition of Taking Stock. I'm Mike Santoli and I promise we will not talk about musk and zuck tonight.

On downtown Josh Brown and I promise we will. I will find I will find the way to do that. I already have my flight book to Rome.

Wait, the Italian culture minister said not in Rome. Yes. So I don't maybe the Nassau Colosseum.

No, Rome, New York. Rome, New York. It's lovely. That's time of year.

For the next hour, Josh and I are going to tackle all the topics investors are talking about. We'll discuss and debate.

Maybe even argue assuming Josh is wrong about something is something along the way.

So let's get to it with a segment we're calling on the clock where we break down big stories of the day, the week, the month,

all in rapid fire fashion. We'll start with the key data of the week, the consumer price index on Thursday.

The producer price index this morning. I mean pretty much on target across the board.

Market largely shrugged. What's your take? So this is just like last week we were talking about unemployment.

If you were looking for more Goldilocks, more confirmation, you got it once again, this week in the inflation data.

For me, the PPI always feels like the Pro Bowl, the Super Bowl is the CPI.

Once we get through CPI, if it reconfirms how everyone wanted it to feel and it does feel that way, it almost doesn't matter.

The one thing about PPI though, it did outperform. Let's call it a little bit.

I mean, we're talking about tens of tens of percent, but the reason why that matters is because it does tend to lead the consumer price.

It's what the producers are doing that ultimately gets filtered down to the consumer.

So we'll keep an eye on it, but we're going to panic over this.

Not panic at all. Look, the stock market was down fractionally on the week.

It's kind of been churning around here, but I do think that the fact that we got this

pretty much as expected, disinflationary data still.

And the market couldn't really seize on it to do a lot.

It basically tells you we've exhausted our capacity for surprise and delight at soft landing Goldilocks data.

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