{"id":67856,"date":"2023-05-10T09:01:33","date_gmt":"2023-05-10T13:01:33","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67856"},"modified":"2023-05-10T09:01:33","modified_gmt":"2023-05-10T13:01:33","slug":"coffee-with-greta-inflation-is-cooling-2","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/05\/10\/coffee-with-greta-inflation-is-cooling-2\/","title":{"rendered":"Coffee With Greta: Inflation Is Cooling"},"content":{"rendered":"

DJIA Futures: <\/b>+144 (+0.4%)<\/span><\/p>\n

SPX Futures: <\/b>+29 (+0.7%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+103 (+0.8%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are jumping after a better-than-expected inflation report.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

CPI Cools More Than Expected<\/span><\/h2>\n

U.S. inflation pressures cooled more than expected in April.\u00a0<\/span><\/p>\n

The Bureau of Labor Statistics\u2019 consumer price index rose 0.4% monthly and 4.9% year over year.\u00a0<\/span><\/p>\n

That monthly gain was in line with expectations and cooler than 5% annually expected.\u00a0<\/span><\/p>\n

Used cars and gas prices saw the largest increases last month, up 4.4% and 2.7% respectively from March.\u00a0<\/span><\/p>\n

The core CPI rose 0.4% monthly and 5.5% year over year, in line with estimates.<\/span><\/p>\n

I\u2019m hosting a free Q&A with Scott Redler after the market close today to discuss the reaction to the CPI and more inflation data on the way.\u00a0<\/span><\/p>\n

Register for free now<\/span><\/a>! (*you must login to LinkedIn to sign-up)<\/span><\/p>\n

Airbnb Plunges On Q2 Warning<\/span><\/h2>\n

Airbnb <\/b>(ABNB) shares are plunging 14.2% ahead of the open after beating Q1 expectations but issuing weak Q2 guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $0.18 vs $0.09 expected<\/span><\/li>\n
  • Revenue: $1.82 billion vs $1.79 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue rose 20% year over year and it was the first time Airbnb has been profitable in Q1 on a GAAP basis.\u00a0<\/span><\/p>\n

    The company said it had a \u201cstrong start\u201d to the year and it\u2019s looking forward to another \u201cstrong summer travel season\u201d.\u00a0<\/span><\/p>\n

    But Airbnb also warned, \u201cNights and Experiences Booked will have unfavorable year-over-year comparisons in Q2 2023 as we overlap pent-up 2022 demand following the COVID Omicron variant.\u201d<\/span><\/p>\n

    The company forecast Q2 revenue between $2.35 billion and $2.45 billion vs analysts\u2019 expectations for $2.42 billion.<\/span><\/p>\n

    Rivian Jumps After Q1 Earnings Beat<\/span><\/h2>\n

    Rivian <\/b>(RIVN) shares are jumping 8.9% in premarket trade after beating Q1 expectations and reaffirming its 2023 production target.\u00a0<\/span><\/p>\n

    Here\u2019s how the electric truckmaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted loss per share: $1.25 vs $1.59 expected<\/span><\/li>\n
    • Revenue: $661 million vs $652.1 million expected<\/span><\/li>\n<\/ul>\n

      Rivian said it is still on track to meet its 50,000 vehicle production target for 2023.\u00a0<\/span><\/p>\n

      Roblox Flat After Missing Q1 Expectations<\/span><\/h2>\n

      Roblox <\/b>(RBLX) shares are up 0.3% in premarket trade after reporting a wider loss and lower revenue than expected in Q1.\u00a0<\/span><\/p>\n

      Here\u2019s how the video game company\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

        \n
      • Loss per share: $0.44 vs $0.40 expected<\/span><\/li>\n
      • Revenue: $774 million vs $766 million expected<\/span><\/li>\n<\/ul>\n

        Roblox\u2019s average daily active users jumped 22% year over year to 66 million while engagement hours rose 23% to 14.5 billion.<\/span><\/p>\n

        Mortgage Demand Jumps After Fed Meeting<\/span><\/h2>\n

        Mortgage demand jumped last week after the Fed seemed to signal a pause in rate hikes.\u00a0<\/span><\/p>\n

        The Mortgage Bankers Association reported purchase applications rose 5% weekly and were 32% lower than a year ago.\u00a0<\/span><\/p>\n

        Refinance applications jumped 10% weekly and were down 44% annually.<\/span><\/p>\n

        The average 30-year contract fixed rate fell to 6.48% from 6.5% the previous week.\u00a0<\/span><\/p>\n

        In Case You Missed It<\/span><\/h2>\n
          \n
        • The President and top Congressional leaders appeared to make no progress on a debt ceiling deal Tuesday. Biden plans to host another meeting with the \u201cbig four\u201d from Congress on Friday. He told reporters after Tuesday\u2019s meeting, \u201cEveryone in the meeting understood the risk of default. I made clear during our meeting that default is not an option.\u201d\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: +144 (+0.4%) SPX Futures: +29 (+0.7%) NASDAQ Futures: +103 (+0.8%) Good morning friends! Futures are jumping after a better-than-expected inflation report. Let\u2019s get right to it! CPI Cools More Than Expected U.S. inflation pressures cooled more than expected in April.\u00a0 The Bureau of Labor Statistics\u2019 consumer price index rose 0.4% monthly and 4.9% year over year.\u00a0 That monthly gain was in line with expectations and cooler than 5% annually expected.\u00a0 Used cars and gas prices saw the largest increases last month, up 4.4% and 2.7% respectively from March.\u00a0 The core CPI rose 0.4% monthly and 5.5% year over year, in line with estimates. I\u2019m hosting a free Q&A with Scott Redler after the market close today to discuss the reaction to the CPI and more inflation data on the way.\u00a0 Register for free now! (*you must login to LinkedIn to sign-up) Airbnb Plunges On Q2 Warning Airbnb (ABNB) shares are plunging 14.2% ahead of the open after beating Q1 expectations but issuing weak Q2 guidance.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $0.18 vs $0.09 expected Revenue: $1.82 billion vs $1.79 billion expected Revenue rose 20% year over year and it was the first time Airbnb has been profitable in Q1 on a GAAP basis.\u00a0 The company said it had a \u201cstrong start\u201d to the year and it\u2019s looking forward to another \u201cstrong summer travel season\u201d.\u00a0 But Airbnb also warned, \u201cNights and Experiences Booked will have unfavorable year-over-year comparisons in Q2 2023 as we overlap pent-up 2022 demand following the COVID Omicron variant.\u201d The company forecast Q2 revenue between $2.35 billion and $2.45 billion vs analysts\u2019 expectations for $2.42 billion. Rivian Jumps After Q1 Earnings Beat Rivian (RIVN) shares are jumping 8.9% in premarket trade after beating Q1 expectations and reaffirming its 2023 production target.\u00a0 Here\u2019s how the electric truckmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $1.25 vs $1.59 expected Revenue: $661 million vs $652.1 million expected Rivian said it is still on track to meet its 50,000 vehicle production target for 2023.\u00a0 Roblox Flat After Missing Q1 Expectations Roblox (RBLX) shares are up 0.3% in premarket trade after reporting a wider loss and lower revenue than expected in Q1.\u00a0 Here\u2019s how the video game company\u2019s results compared to analysts\u2019 estimates: Loss per share: $0.44 vs $0.40 expected Revenue: $774 million vs $766 million expected Roblox\u2019s average daily active users jumped 22% year over year to 66 million while engagement hours rose 23% to 14.5 billion. Mortgage Demand Jumps After Fed Meeting Mortgage demand jumped last week after the Fed seemed to signal a pause in rate hikes.\u00a0 The Mortgage Bankers Association reported purchase applications rose 5% weekly and were 32% lower than a year ago.\u00a0 Refinance applications jumped 10% weekly and were down 44% annually. The average 30-year contract fixed rate fell to 6.48% from 6.5% the previous week.\u00a0 In Case You Missed It The President and top Congressional leaders appeared to make no progress on a debt ceiling deal Tuesday. Biden plans to host another meeting with the \u201cbig four\u201d from Congress on Friday. He told reporters after Tuesday\u2019s meeting, \u201cEveryone in the meeting understood the risk of default. I made clear during our meeting that default is not an option.\u201d\u00a0<\/p>\n","protected":false},"author":41,"featured_media":67865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-67856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=67856"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67856\/revisions"}],"predecessor-version":[{"id":67863,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67856\/revisions\/67863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67865"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=67856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=67856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=67856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}