In the latest on my tech issue, Best Buy (Geek Squad) confirmed a technician will be at my place tomorrow, Thursday, so we set up a window. This better be successful. It’s the second time I had to reschedule.
Meanwhile, the stock market recovered after Bloomberg first reported today, citing a White House official, that Trump was considering firing Fed Chair Jerome Powell “soon.” But later in the morning in the Oval Office, Trump subsequently said that he wasn’t “planning” to do so, despite going on a rant that the Fed chair was not lowering interest rates at his preferred pace.
“No, we’re not planning on doing anything,” he told reporters, but added, “We’re very concerned.”
“He’s doing a lousy job, but no, I’m not talking about that. Fortunately, we get to make a change in the next eight months or so, and we’ll pick somebody that’s good,” Trump said.
Earlier in the morning, the June producer price index report provided better news than yesterday’s CPI had, the PPI unchanged and up 2.3% year-over-year, below estimates, ditto PPI core, 2.6%.
Dow Jones…+231 (0.5%) [44254]
S&P 500…+19 (0.3%) [6263]
Nasdaq…+52 (0.3%) [20730…another new record…]
Oil (WTI)…$66.53
Gold…$3355
Bitcoin…$119,240 [4:00 PM ET]
10-year Treasury…4.45%
Back tomorrow, in one form or another…
