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Wall Street Breakfast

January Consumer Price Index

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 14 February 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

CPI expected to jump M/M in January but cool Y/Y; don't expect a Fed pivot. Boeing (BA) said to plan $24M investment for logistics center in India. Ford (F) confirms $3.5B battery plant, downplays political risk of CATL partnership, cutting jobs in Europe.

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Show links:

Microsoft begins rolling out ChatGPT for desktop use; mobile devices still to come

NBC Sports reportedly planning serious bid to reclaim NBA rights

Super Bowl ratings rise 1% from last year, with bump from Rihanna

Fidelity National Information Services: https://seekingalpha.com/symbol/FIS

Ford: 2 Billion Reasons To Buy

Transcript

Click on a timestamp to play from that location

0:00.0

Remember watching number 23 sport in the red, black and white, tongue out flying through the air going in for the dunk. Those were the days of the NBA on NBC. Well everything else is making a comeback. No, not Jordan, but the NBA on NBC, maybe.

0:16.6

Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors

0:22.0

every morning.

0:23.2

Good morning, today is Tuesday, February 14th,

0:26.3

and I'm your host Julie Morgan, our top stories.

0:29.8

The Consumer Price Index will be released this morning.

0:33.0

Economists are expecting January's headline inflation to jump 0.5% month over month.

0:39.7

Ford announces a new $3.5 billion dollar battery plant but there is some controversy

0:45.0

namely Ford chose to partner with Chinese battery giant C. A. T. L. for the project.

0:50.0

And Boeing is said to be planning a 24 million dollar investment for a logistics center in India.

0:57.0

The company is awaiting a major order from Air India.

1:00.0

We begin with the Consumer Price Index or CPI due out this morning.

1:05.6

This number will certainly be one data point considered when the Central Bank's Federal Open

1:10.5

Market Committee meets again in March.

1:13.0

Economists are expecting January's headline inflation to jump 0.5% month over month,

1:19.5

up from a revised 0.1% in the prior month.

1:23.4

On a year-over-year basis, headline,

1:25.5

CPI is expected to climb 6.2%, down from 6.5% in December.

1:31.6

Excluding the volatile food and energy sectors was referred to as core

1:36.0

CBI. Inflation is expected to rise 0.3 percent month over month versus 0.4 percent in the revised December reading and 5.5% year over year

1:47.2

compared with 5.7%. Now more on the market. Stocks rallied on Monday bouncing back from losses recorded through much of last week.

1:57.0

The NASDAQ ended up 1.5 percent. The S&P 500 finished up 1.1% and the Dow closed up 1.1% as well.

...

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