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

Good morning. Today is Thursday, August 10th, and I'm your host Julie Morgan.

All eyes are on CPI today.

A mixed earnings report from Disney,

and Alibaba revenue is expected to grow nearly 2%

when the company reports earnings.

Here's what's making headlines. when the company reports earnings.

Here's what's making headlines today.

Inflation has cooled, but it's still far from the Federal Open Market Committee's 2% goal.

In June, the CPI rose 3% in core

CPI, which excludes volatile food and energy prices,

increased 4.8%.

Even though the Fed's preferred inflation gauge

is the core PCE index, the

CPI provides an earlier view of inflation trends.

Paul Christopher, who is a global economic strategist at Wells Fargo Investment Institute said inflation has receded from last year's

peak, but further disinflation will be harder to come by as year over year comparisons become tougher.

The Consumer Price Index report for July will be released today.

Economist forecast headline CPI will be up 0.2% month over month and up 3.3% year over year.

Core CPI is forecast a rise 0.2% month over month and be up 4.8% from a year ago

to match the pace from June.

The market is pricing in Fed Fund rate cuts in March.

...