Nathan Hager

Joanne Hsu is director of Michigan's Consumer Surveys.

University of Michigan's Joanne Hsu spoke with Bloomberg after the March Consumer Price Index showed a nine-tenths percent gain in inflation, nearly three-quarters of that driven by gas prices.

Right now, stocks are mixed.

The S&P 500 is up two-tenths percent.

The Dow Jones Industrial Average is two-tenths of a percent lower.

The Nasdaq Composite is higher by six-tenths of one percent.

The 10-year Treasury yield is up three basis points to 4.3%.

Traders are pricing in almost one in three odds that the Fed cuts interest rates before the end of the year.

And crude oil is giving back some gains right now.

West Texas Intermediate is down a tenth percent.

Brent crude is down a quarter of one percent.

Both contracts trading around $95 to $97 a barrel.

Ukraine's top negotiator with Russia says he sees progress toward a peace deal.

Kirill Obudanov spoke with Bloomberg's Vladimir Vrbani in Kiev last weekend.

Bloomberg's Vladimir Vrbani reports Butanoff acknowledged both sides have maintained maximalist positions, but he sees them moving closer in search of a compromise.

A Goldman Sachs basket of European defense stocks is lower by 4%.

Bloomberg News has learned several Asian nations are pushing the Treasury Department to renew a sanctions waiver allowing them to purchase Russian oil.

Sources tell us India and the Philippines are among countries urging the U.S.

to renew the sanctions reprieve on Russian oil already loaded on tankers.

The current 30-day waiver is due to expire tomorrow.