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Good morning. Today is Friday, August 12th, and I'm your host Julie Morgan.

Our top stories, Housing, a Pipeline Leak, and Drug Companies, and later Apple, Johnson and Johnson and Robin Hood. and than expected inflation data fizzled out.

Six of the 11 S&P sectors ended lower,

although none of the segments dropped more than 1%.

Energy was the best performer climbing 3.2% as crude oil advanced. The 10-year Treasury

yield climbed 11 bases points to 2.89%. The 2-year yield rose 2 bases points to 3.24%. Looking at the economic news the

PPI fell 0.5% for the month in July down from 1% in June this compared to

expectations for a 0.2% rise.

The odds of a 50 basis point hike next month rose to about 70% after the PPI arrived,

up from about 60% before the announcement.

On the labor front, jobless claims rose about as expected to 262,000.

In the earnings spotlight today, Virgin Orbit Holdings.

In our day watch is a standout loser, investors punish Red Robin after the release of its quarterly results,

with a wider than expected loss shares plummeted

18%. The casual dining chain said its net loss expanded dramatically to 17.9 million dollars,

compared to 5 million dollars in the same period last year.

Revenue fell short of expectations rising 6% to $289 million.

The company blamed its disappointing bottom line on inflation pressures with higher costs for

commodities and wages.

R. R. G. B. finished at $8.72, a decline of $1.92 on the day.

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