Nathan Hager
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Podcast Appearances
The S&P 500 is up about a quarter of 1%.
The Dow Jones Industrial Average is down a quarter of 1%.
The Nasdaq Composite's higher by 0.8%.
The 10-year Treasury yield is up about two basis points, close to 4.30%.
And crude oil prices are notching up a bit.
Brent crude's up about 0.3% at about $96 a barrel.
West Texas Intermediate's higher by nearly 1% at close to $99.
Consumer sentiment is at a record low on the University of Michigan's index.
Its preliminary number for April is down more than 6.5 points to 47.6, while year-out inflation expectations are up a full percentage point to 4.8%.
Joanne Hsu is director of Michigan's Consumer Surveys.
Joanne Hsu with the University of Michigan.
The survey came out after the March Consumer Price Index showed a jump to 3.3 percent, most of that due to gas prices that are likely to stay higher into this month.
It's all got bond traders pricing in about one in four odds now that the Fed cuts rates before the end of the year.
Ukraine's top negotiator with Russia is raising the odds for a peace deal soon.
Kirill Obudinov spoke with Bloomberg's Vladimir Verbiani in an interview in Kiev last weekend.
Bloomberg's Vladimir Verbiani in Kiev.
Meanwhile, Bloomberg News has learned several Asian nations are asking the Treasury Department to renew a sanctions waiver that allows them to buy Russian oil.
Sources tell us India and the Philippines are among those asking for the extension.
The current 30-day waiver expires tomorrow.
Treasury Secretary Scott Besant and Fed Chair Jay Powell were apparently so concerned about Anthropic's newest AI model, they called in Wall Street bankers to an urgent meeting this week to make sure they're shored up for it.