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The John Batchelor Show

#Markets: Three cuts promised, May the earliest. Liz Peek The Hill. Fox News and Fox Business

The John Batchelor Show

John Batchelor

News, Society & Culture, Books, Arts

4.52.8K Ratings

🗓️ 14 February 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary


#Markets: Three cuts promised, May the earliest. Liz Peek The Hill. Fox News and Fox Business
https://www.wsj.com/livecoverage/stock-market-today-cpi-report-inflation-02-13-2024

1857 Wall Street

Transcript

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0:00.0

Meet Jills. Hi a yoga teacher. I can move from an eagle to a tree in seconds, but managing my budget to provide for my family today and in the future. Tough balancing act.

0:11.0

Thankfully, Aviva can help.

0:13.5

With life insurance from £5 per month, you can help protect your loved ones.

0:17.6

And breathe.

0:19.3

Search a Viva life, helping solve your life insurance puzzles. It takes a Viva Life, Helping Solvee.

0:25.2

The price you pay depends on the world with John Bachelor.

0:37.0

Here's John Bachelor.

0:40.0

The Wall Street Journal headline,

0:42.0

Inflation at 3.1% reflects stubborn pricing pressure.

0:48.0

Economists had predicted that price increases,

0:51.0

writes the journal, would fall to 2.9. price the

0:55.0

price, writes the journal, would fall to 2.9. I welcome Liz Peek, a columnist at the Hill,

0:57.6

commerce at Fox News, much on Fox Business,

1:00.2

who's here to explain why 3.1 is a disaster and 2.9 was heavy and we're somewhere in between right now.

1:10.0

Liz, the numbers printed and immediately runaway, runaway, runaway, runaway.

1:15.0

Why? What's happened on Wall Street, the Smart Set?

1:19.0

What are they cringing about?

1:21.0

Good evening to you.

1:22.0

Well, good evening. evening look the stock market has been

1:25.2

hitting new highs breaking records in anticipation of you know once again the fed cutting interest rates and the fed cutting

1:34.4

interest rates is totally dependent on their reading

1:37.4

of inflation and so what we had

...

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