May CPI on tap
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 13 June 2023
⏱️ 7 minutes
🧾️ Download transcript
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China mulls stimulus measures to boost economy, central bank cuts key policy rate
Apple cut to Neutral at UBS on softer iPhone and services growth in H2
Cineplex says QTD box office revenues at about 88% of same period pre-pandemic
U.S. federal budget deficit comes in wider than expected in May
Intel in talks to be anchor investor in chip designer Arm - report
Oracle rises to all-time high as cloud growth aids earnings beat
Chegg announces workforce reduction amid AI-driven strategy shift
Catalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earnings
Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Tuesday, June 13th, and I'm your host Julie Morgan. |
| 0:12.0 | CPI will provide the Federal Reserve with new data. |
| 0:15.5 | Alphabet will reportedly be slapped with a massive EU antitrust penalty. |
| 0:20.5 | And the FTC files an injunction to block the Microsoft Activision deal. |
| 0:25.0 | Here's what's making headlines today. |
| 0:28.0 | The Federal Reserve will get fresh data on day one of its two-day monetary policy meeting. |
| 0:33.6 | Today's Consumer Price Index for May will be released pre-market. |
| 0:37.3 | The headline CPI is expected to slow to a 0.2% month over month increase from its 0.4% advance in April. |
| 0:46.6 | The projected progress looks even better on a year over year basis with |
| 0:50.5 | CPI expected to moderate to 4.1% from 4.9% growth in April. |
| 0:57.0 | Excluding food and energy, the core CPI is expected to rise by 0.4% month over month unchanged from April's rate showing just |
| 1:06.0 | how sticky inflation is. On a year over year basis core C. C. C. C. P. I is |
| 1:10.6 | anticipated to rise 5.3% down from 5.5% in April. |
| 1:16.5 | I spoke to Seeking Alpha's Kim Khan about what will happen when C. P. I is released this morning. |
| 1:22.1 | Well, the market will probably adjust on the C. P. I. Is released this morning. Well, the market will probably adjust on the |
| 1:24.2 | C. P. I. Number. If it comes in not an expected deal, you'll see an immediate jump in |
| 1:28.8 | Treasury yields. You'll see immediately, immediate drop in stock index futures and so that the market will probably be |
| 1:35.6 | braced for that then though they'll be kind of concerned and kind of positioning for |
| 1:40.7 | whether you know Jay Powell will pull the rug out from under them. |
| 1:44.0 | European Union authorities are set to charge alphabet with massive new fines over its |
| 1:50.3 | advertising business. According to Bloomberg, Alphabet is set to be hit with $8.6 billion in penalties |
... |
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