{"id":72818,"date":"2023-12-12T09:00:20","date_gmt":"2023-12-12T14:00:20","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72818"},"modified":"2023-12-12T09:00:20","modified_gmt":"2023-12-12T14:00:20","slug":"coffee-with-greta-tame-inflation","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/12\/12\/coffee-with-greta-tame-inflation\/","title":{"rendered":"Coffee With Greta: Tame Inflation"},"content":{"rendered":"

Register now<\/strong><\/a> for tomorrow's free pro trader Q&A on LinkedIn with Scott Redler!<\/p>\n

DJIA Futures: <\/b>+52 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+1 (+0.02%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+21 (+0.1%)<\/span><\/p>\n

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

Futures are higher after the release of the November CPI.<\/span><\/p>\n

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

Inflation Remains Tame<\/span><\/h2>\n

U.S. inflation pressures rose slightly more than expected on a monthly basis in November but remain muted.\u00a0<\/span><\/p>\n

The Bureau of Labor Statistics\u2019 consumer price index rose 0.1% monthly and 3.1% year over year.\u00a0<\/span><\/p>\n

Economists were expecting no change monthly while the annual gain was in line with estimates.\u00a0<\/span><\/p>\n

The core CPI rose 0.3% monthly and 4% annually, as expected.\u00a0<\/span><\/p>\n

This data comes ahead of the final Fed decision of 2023 on Wednesday.\u00a0<\/span><\/p>\n

CME Group\u2019s FedWatch Tool shows 98.4% of traders expecting no rate hike at that meeting.\u00a0<\/span><\/p>\n

CNBC\u2019s latest Fed Survey shows expectations for rate cuts to begin in mid-2024.<\/span><\/p>\n

More than half of respondents to that survey expect a rate cut in June and 69% in July.<\/span><\/p>\n

Overall, the survey shows an expectation of about 85 basis points worth of cuts in 2024.<\/span><\/p>\n

Oracle Tumbles On Revenue Miss<\/span><\/h2>\n

Oracle <\/b>(ORCL) shares are dropping 9.4% ahead of the open after missing fiscal Q2 revenue expectations.\u00a0<\/span><\/p>\n

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

    \n
  • Adjusted EPS: $1.34 vs $1.32 expected<\/span><\/li>\n
  • Revenue: $12.94 billion vs $13.05 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue grew 5% year over year while net income jumped 44%.\u00a0<\/span><\/p>\n

    The overall miss was due to lower than expected revenue at its services business and its cloud and on premises licenses business.<\/span><\/p>\n

    Oracle forecast fiscal Q3 adjusted EPS of $1.35 to $1.39 and 6% to 8% revenue growth.\u00a0<\/span><\/p>\n

    Analysts were anticipating guidance for adjusted EPS of $1.37 and 7.6% revenue growth.<\/span><\/p>\n

    Hasbro Drops After Layoff Announcement<\/span><\/h2>\n

    Hasbro <\/b>(HAS) shares are down 4.4% in premarket trade after announcing it will lay off about 1,100 employees.\u00a0<\/span><\/p>\n

    The cuts come as the toy maker is struggling with soft sales even into the busy holiday shopping season.\u00a0<\/span><\/p>\n

    In a memo to employees the CEO said, \u201cWhile we have made some important progress across our organization, the headwinds we saw through the first nine months of the year have continued into Holiday and are likely to persist into 2024.\u201d<\/span><\/p>\n

    Hasbro warned trouble was ahead in its latest earnings report in October when the company slashed its full-year outlook.\u00a0<\/span><\/p>\n

    Ford Cuts 2024 F-150 Lightning Production Plans<\/span><\/h2>\n

    Ford <\/b>(F) shares are up 0.1% ahead of the open after announcing it will cut planned production of its electric F-150 Lightning in half next year.\u00a0<\/span><\/p>\n

    The company\u2019s updated production plans call for an average volume of around 1,600 F-150 Lightnings per week starting in January.<\/span><\/p>\n

    That\u2019s down from previous plans to produce roughly 3,200 of the trucks per week.\u00a0<\/span><\/p>\n

    The cuts come amid lower than anticipated demand for the electric trucks.\u00a0<\/span><\/p>\n

    Ford executives have said the company will match production to demand.\u00a0<\/span><\/p>\n

    The automaker sold 4,400 F-150 Lightnings in November, bringing the total so far in 2023 to 20,365.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Register now for tomorrow’s free pro trader Q&A on LinkedIn with Scott Redler! DJIA Futures: +52 (+0.1%) SPX Futures: +1 (+0.02%) NASDAQ Futures: +21 (+0.1%) Good morning friends! Futures are higher after the release of the November CPI. Let\u2019s get right to it! Inflation Remains Tame U.S. inflation pressures rose slightly more than expected on a monthly basis in November but remain muted.\u00a0 The Bureau of Labor Statistics\u2019 consumer price index rose 0.1% monthly and 3.1% year over year.\u00a0 Economists were expecting no change monthly while the annual gain was in line with estimates.\u00a0 The core CPI rose 0.3% monthly and 4% annually, as expected.\u00a0 This data comes ahead of the final Fed decision of 2023 on Wednesday.\u00a0 CME Group\u2019s FedWatch Tool shows 98.4% of traders expecting no rate hike at that meeting.\u00a0 CNBC\u2019s latest Fed Survey shows expectations for rate cuts to begin in mid-2024. More than half of respondents to that survey expect a rate cut in June and 69% in July. Overall, the survey shows an expectation of about 85 basis points worth of cuts in 2024. Oracle Tumbles On Revenue Miss Oracle (ORCL) shares are dropping 9.4% ahead of the open after missing fiscal Q2 revenue expectations.\u00a0 Here\u2019s how the software company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.34 vs $1.32 expected Revenue: $12.94 billion vs $13.05 billion expected Revenue grew 5% year over year while net income jumped 44%.\u00a0 The overall miss was due to lower than expected revenue at its services business and its cloud and on premises licenses business. Oracle forecast fiscal Q3 adjusted EPS of $1.35 to $1.39 and 6% to 8% revenue growth.\u00a0 Analysts were anticipating guidance for adjusted EPS of $1.37 and 7.6% revenue growth. Hasbro Drops After Layoff Announcement Hasbro (HAS) shares are down 4.4% in premarket trade after announcing it will lay off about 1,100 employees.\u00a0 The cuts come as the toy maker is struggling with soft sales even into the busy holiday shopping season.\u00a0 In a memo to employees the CEO said, \u201cWhile we have made some important progress across our organization, the headwinds we saw through the first nine months of the year have continued into Holiday and are likely to persist into 2024.\u201d Hasbro warned trouble was ahead in its latest earnings report in October when the company slashed its full-year outlook.\u00a0 Ford Cuts 2024 F-150 Lightning Production Plans Ford (F) shares are up 0.1% ahead of the open after announcing it will cut planned production of its electric F-150 Lightning in half next year.\u00a0 The company\u2019s updated production plans call for an average volume of around 1,600 F-150 Lightnings per week starting in January. That\u2019s down from previous plans to produce roughly 3,200 of the trucks per week.\u00a0 The cuts come amid lower than anticipated demand for the electric trucks.\u00a0 Ford executives have said the company will match production to demand.\u00a0 The automaker sold 4,400 F-150 Lightnings in November, bringing the total so far in 2023 to 20,365.<\/p>\n","protected":false},"author":41,"featured_media":72821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72818","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\/72818","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=72818"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72818\/revisions"}],"predecessor-version":[{"id":72823,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72818\/revisions\/72823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72821"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}