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Wall Street Breakfast

CPI Day

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 12 April 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

March CPI expected to cool further, but to a level still well above Fed's target (00:48). Wells Fargo (WFC): ‘Expect a 10% correction in the next 3-6 mos.’ (02:21) Emerson Electric (EMR) near deal to acquire National Instruments (NATI) for $60/share- report (07:28).

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:07.0

Good morning. Today is Wednesday, April 12th, and I'm your host Julie Morgan.

0:12.0

Today is CPI Day. The Consumer Price Index is expected to be released at 830 this morning.

0:18.0

Today is stock of the week Wednesday. We're hearing from Julian Lynn, the leader of the investing group Best of Breed Growth Stocks on Seeking Alpha.

0:27.4

He recently talked about two of his top undervalued stock picks and one of them is.

0:32.4

So Sentinel One is a cybersecurity stock. valued stock picks and one of them is.

0:32.5

So Sentinel 1 is a cybersecurity stock.

0:35.5

It focuses on the end points protection.

0:39.0

Elon Musk is speaking about Twitter's future.

0:41.9

He says he believes the company is trending towards

0:44.7

being cash flow positive soon.

0:48.2

Our top story.

0:49.4

The closely watched Consumer Price Index is seen easing further last month, but Nye by nearly enough to meet the Federal

0:56.1

Reserves price stability mandate.

0:58.6

The inflation data due out today will offer a signal as to whether the Central Bank will raise or pause interest rates in May.

1:06.0

Economists expect the March headline CPI to rise 0.2% from the month before, down from the 0.4% pace recorded in February.

1:16.4

On a year over year basis, headline inflation is expected to climb 5.2% versus 6% in February. Stripping out food and energy sectors, core

1:26.6

CPI is expected to advance 0.4% month over month versus the 0.5% February reading and 5.6% versus 5.5%

1:38.0

while the headline print would mark the slowest annual increase since May of 2021, it would still be more than double the Fed's 2% inflation

1:47.1

objective.

1:49.1

Several major U.S. banks that contributed a significant portion of the $30 billion in deposits to help out First

1:56.0

Republic Bank last month are now planning to bolster their reserves by setting aside around

...

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