Posted on 04/20/2021 9:18:06 AM PDT by weston
What bump on his head?
Good Mornin’ Lysie...
Wait a minute....fruit? Veggies? You trying to sneak healthy in on us??
That reminds me...our farmers market is opening for the season this coming weekend!
LiveSquawk
@LiveSquawk
US PPI Final Demand (Y/Y) Apr: 6.2% (est 5.8%; prev 4.2%)
US PPI Ex Food, Energy (Y/Y) Apr: 4.1% (est 3.8%; prev 3.1%)
US PPI Ex Food, Energy, Trade (Y/Y) Apr: 4.6% (est 4.3%; prev 3.1%)
5:33 AM · May 13, 2021
https://twitter.com/LiveSquawk/status/1392820185250287618?s=20
Hey Judy! I found you something to do once you get moved to the farm....have a YouTube channel!! https://www.youtube.com/watch?v=ObTsdJbmqwQ (2 minutes of baby goats)
Got the chain saws!
Thanks, Spirit! I’ll watch it later - heading out shortly.
Varney also mentioned a $5 million ransom payment.
*Walter Bloomberg
@DeItaone
*COLONIAL PIPELINE PAID HACKERS NEARLY $5 MILLION IN RANSOM
7:14 AM · May 13, 2021
https://twitter.com/DeItaone/status/1392845826842669057?s=20
What prevents the hackers from getting in again and locking it down and getting paid again?
Nothing. Hacking a pipeline for a huge ransom payoff seems like a good business model.
Wow, Judy. It sounds like your daughter has thought/prepared for everything. Maybe God arranged things so you would be with her for a reason. You would be a help to each other as needed.
Whoever said crime doesn’t pay wasn’t a very good criminal.
The Blacklist
April PPI #inflation higher than expected at +6.2% y/y (+0.6% m/m) vs. +5.8% est. & +4.2% in prior month … prior peak of +4.5% in 2011 easily taken out … core PPI +4.1% y/y (+0.7% m/m) vs. +3.8% est. & +3/1% in prior month
US PPI Final Demand (Y/Y) Apr: 6.2% (est 5.8%; prev 4.2%)
US PPI Ex Food, Energy (Y/Y) Apr: 4.1% (est 3.8%; prev 3.1%)
US PPI Ex Food, Energy, Trade (Y/Y) Apr: 4.6% (est 4.3%; prev 3.1%)
INFLATION WATCH: U.S. wholesale prices (PPI) climb 0.6% in April. Increase over the past year moves up to 6.2% from 4.2%. Highest since government began keeping track in 2009. Inflation worries are going to be around awhile and put more pressure on the Fed and the economy.
US Producer Prices Surge Most On Record
After consumer prices exploded higher yesterday - and were immediately rejected by establishment types as ‘transitory’, despite the market’s obvious disagreement - all eyes were on this morning’s producer prices for signs of more pressure. Many were fearful of a repeat of last month’s debacle delay (and there were rumors of a softer PPI print leaked earlier today)
The rumors were wrong as April Producer Prices exploded 6.2% YoY (well ahead of the 5.8% expected) which was clearly impacted by the base effect of last year’s collapse, but even sequentially, the PPI print was shockingly hot, rising 0.6% MoM (double the +0.3% expected). Excluding food and energy, so-called core PPI advanced even more, or 0.7%.
That was the biggest YoY jump on record:”There is more inflation coming,” Luca Zaramella, chief financial officer at Mondelez International Inc., said on the food and beverage maker’s April 27 earnings call.“The higher inflation will require some additional pricing and some additional productivities to offset the impact.”
jumped 0.7% from the prior month and increased 4.6% from a year earlier.
Michael Hsu, chief executive officer at consumer-product maker Kimberly-Clark Corp., said in April that the maker of Scott toilet paper and Huggies diapers is “moving rapidly especially with selling price increases to offset commodity headwinds.”
Digging below the surface further, ex-food, energy, and trade, producer prices soared 4.6% YoY, the most on record also.
Yesterday’s data - which showed the strongest monthly gain in the overall consumer price index since 2009 - suggested companies are passing along at least some of the input-price inflation.. and today’s PPI surge suggests that push through to CPI is far from over.
Not transitory.
https://www.zerohedge.com/economics/us-producer-prices-surge-most-record
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