Hey everybody, Rob Mauer here, and today we are talking about an interesting reply from

Elon Musk to a tweet possibly suggesting Tesla doing share buybacks, also got a wild

trading day with the CPI report coming out this morning, we got an update on FSD, some

news on the EV tax credit possible changes being made there, and a couple other items as

well.

Alright, so looking at the markets of volatile day today, the NASDAQ from the lows this

morning swung up about 5% throughout the course of the day to finish up 2.25% of course

that means we get even a little bit more volatile day for Tesla which hit its new 52 week

low this morning, but did swing back up to finish up 2.1% closing at $221.72.

Today of course before market open was the big release of the September CPI report consumer

price index, and unlike what we had yesterday with the PPI report where depending on what

you were looking at it may have come in ahead of expectations or below expectations

today for the CPI report both headline and core coming in ahead of expectations.

So the headline number was a 0.4% increase month of a month 8.2% year over year depending

on what number you're looking at and whose expectations you're looking at this is

generally 10 to 20 basis points higher than expected and a similar performance versus expectations

for course CPI that increased 0.6% month of a month similar to last month, but as we

can see still running high and on a year over year basis course CPI up 6.6% can see

that that's the highest in the last year and actually if we zoom out it's the highest

number for the course CPI since 1982.

So presumably with the numbers coming in this hot that would take any chance of a 50 basis

point increase at the November FOMC meeting off the table 75 basis points was already expected

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