Jason Pride of Glenmede had this to say about CPI/Fed this morning. 'Inflation right now is like the stubborn child that refuses to heed the parent’s call to leave the playground.' Heh. Been there. Done that.

Inflation was 3.5% in the past year --> highest since September.

Here are key items really driving inflation now
Car insurance +22% in past year
Car repair +12%
Baby formula +10%
Veterinarian +10%
Rent +5.9%
Electricity +5%
Restaurants +4.2%
(Gas up 1.3% in past year)

Rising gas prices and stubbornly high housing costs in March sent US consumer prices rising more than expected, new data shows cnn.it/3xzFzDK

Asked why the Biden admin is discouraging Ukraine from striking Russian energy infrastructure, Secretary Austin acknowledges that admin has concerns about how it will affect global energy markets.

'Certainly, those attacks could have a knock on effect, in terms of the global…

“If this was not DJT but my initials of MBT, this thing would be trading at a buck,” said Tuttle.

cnn.com/2024/04/09/mar… Matt Egan

Norfolk Southern reaches $600 million settlement to resolve all class action lawsuits within 20 miles of last year's East Palestine, Ohio, derailment cnn.com/2024/04/09/inv…

Senior US officials currently believe that an attack by Iran targeting Israeli or American assets in the region is 'inevitable' after Monday's Israeli strike in Damascus that killed top Iranian commanders, a US official said. Read more: cnn.it/3TN2lzd

Earthquake with preliminary magnitude of 4.7 felt in the northeastern US, according to the US Geological Survey cnn.it/3VJGKu3

I AM FINE

Nothing like being in a 90-story NYC skyscraper and seeing monitors shaking.... #earthquake

The US economy added 303,000 positions in March, a much higher number than anticipated
cnn.com/webview/busine…

Two investors plead guilty in insider trading scheme linked to the Trump Media deal that brought the former president's social media business public cnn.it/3J2KE9R

NEW: The value of Donald Trump's stake in Truth Social owner Trump Media plunged by $1 billion today as its share price got hit by a bit of a reality check.

Trump Media disclosed losing $58M in '23 on revenue of $4.1M. Breaking this down w/ Jim Acosta
cnn.com/2024/04/01/med…
$DJT

New —> Hours after Alexey Navalny’s death, vigilante hackers stole data on 800K Russian prisoners and their contacts, changed prices for food in prison commissary to 1 ruble, according to data shared with CNN and statements from the commissary cnn.com/2024/03/31/pol…

The S&P 500 just turned in its best first quarter since 2019, even as Wall Street contended with higher-for-longer interest rates cnn.it/4a3zvS9

Sam Bankman-Fried is sentenced to 25 years in prison for his role in the collapse of crypto exchange FTX cnn.it/3xcD3CZ

Scoop—> Biden administration expected to announce sweeping actions — indictment, sanctions, cash reward for info — on alleged Chinese hackers working for the MSS under the guise of a Wuhan technology company. cnn.com/2024/03/25/pol…

Boeing CEO Dave Calhoun plans to step down at the end of the year. The company's chairman and head of the commercial airplane unit are also leaving. cnn.it/3TPGmJ3