Hey everybody, Rob Mauer here and today we're going to spend a little bit of time talking

about the macro environment, specifically inflation and interest rates we mentioned yesterday

that the CPI report was this morning, talked about the details there.

We also have new information on the California Department of Fair Employment and Housing's

lawsuit against Tesla that they mentioned in the 10K that we talked about, and we've

got another recall I think this makes for it in the last week or so.

This again is over the air, but we'll share the details on that and then we've got some

news out of China and on Toyota as well.

Looking at the markets today, obviously a really tough day, all of the major indices down

significantly, more than 1.5% in NASDAQ, sort of leading that drop down 2.1%, Tesla following

down 2.9%, to $904.55, really not all that bad of a performance in that type of a macro

environment.

Still underperforming, but not as significantly as one might expect.

So what's driving the markets today, of course, is the news on inflation, as well as expectations

around interest rates and some comments on that, we'll talk about those, but first looking

at the inflation report from the Bureau of Labor Statistics, this was published about an

hour before market open and the inflation rates did come in higher than forecast.

Economists that had been surveyed by Bloomberg expected increases of 0.4%, an inflation

month of a month, and 7.3% year-over-year, and the actuals here for January came in at

0.6% month of a month, and 7.5% year-over-year.

So ahead of expectations, more inflation than expected, and the market, not liking that

because one tool that can be used to counteract that inflation is a raise of interest rates.

...