Inflation Unexpectedly Cools & What is Going on with Oracle Stock?
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Why did inflation unexpectedly cool in November?
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, why Trump's social media company is getting into nuclear fusion.
Then that inflation report was amazing. Or was it? It's Friday, December 19th. Let's ride.
Happy Friday. I don't know if you've looked at the date recently. It's already December 19th, less than a week to go until Christmas. It's also that time of the year when you don't feel bad just vegging on the couch for the entire weekend. And lucky for you, there's going to be plenty of new content to keep you busy. There's a big boxing match tonight on Netflix, Jake Paul versus the much bigger Anthony Joshua. The college football playoff begins. The NFL is games on Saturday and Sunday. And if you want to leave your house for just a bit, Movie theaters are showing the new SpongeBob movie and the third Avatar. Toby, all that plus some chili on the slow cooker, who would say no?
I'm not watching any of that, actually, Neil. I recently started watching Stranger Things again, having only consumed the first season, picked it up midway through season three, have literally no idea what's going on. Who is Vecna? But if that content slate that Neil mentioned sounds like the worst thing you've ever heard of, the winter solstice is on Sunday, which is the shortest day of the year, so you have an excuse to be in bed way before subjecting your eyes to anything that involves Jake Paul or SpongeBob. And now a word from our sponsor, Public. Neil, at 5 a.m., my brain is basically an old-school Windows startup screen. Same. I'm operating with one functioning neuron. That is why I like Public.
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What is the significance of Trump's media business merging with a nuclear fusion company?
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November inflation data dropped yesterday and what the heck was that? Annual CPI fell to 2.7% year over year, down from the 3% it's been running at and way lower than the 3.1% economists expected. On the surface, Woo-hoo! Some relief for consumers in the lowest inflation print in months. But hold those horses, cowboys and cowgirls. Broad skepticism emerged across Wall Street and amongst economists who think that this isn't the slam-dunk report it initially appears. The nitpicking is inspired by the fact that the data comes after a 43-day federal government shutdown in which BLS workers were furloughed, meaning November data collection started quite late. Since the CPI relies heavily on in-person price collections, the shutdown severely limited that process.
The shutdown clearly had a big impact on data collection, Heather Long, chief economist at Navy Federal Credit Union, said. I don't take it at face value, Stephanie Roth, chief economist at Wolf Research, told CNN. Such a sudden stop is very unusual, at least outside of a recession, Paul Ashworth, chief economist for Oxford Economics, said in a note. Still, the White House and Wall Street celebrated with stocks opening well in the green before leveling off a bit throughout the day.
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Chapters
8 chapters
1
Why did inflation unexpectedly cool in November?
0:01–2:20
2
What is the significance of Trump's media business merging with a nuclear fusion company?
2:20–6:12
3
Why is Medline considered the stock of the week?
6:12–9:37
4
What are the concerns surrounding Oracle's stock performance?
9:37–14:09
5
How does the recent inflation data impact the economy?
14:09–19:14
6
What are the implications of the government shutdown on inflation data?
19:14–23:10
7
What challenges does Oracle face in the AI sector?
23:10–26:38
8
What are the latest headlines to know heading into the weekend?
26:38–27:58
Speakers
3 identifiedMore from Morning Brew Daily
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