Schaftlein Report | Guest - Joe Visconti

 

 

Headline - Consumer Price Index Comes in High High at 3.1%

 

1) Americans feeling the pain. Core CPI excluding food and energy rose 3.9%.  That was the same number in December.

 

1A) Predictably, stocks fall and bond yields rise.

 

1B) Interest Rate cuts anticipated by investors which had been moved from March to May may need to now wait until June.

 

1C) Groceries, Insurance and Equipment helped fuel the high number.

 

2) Many Voters believe Trump can run the government like a business, despite his personnel issues

 

3) Senate passes $95B Ukraine and Israel aid bill by a 70-29 vote.  It now heads for uncertain future in the House.

 

4) Trump asks the Supreme court for time to Appeal the Immunity case he lost in the DC Circuit

 

5) Musk says Putin can't afford to lose the war.  In Tucker interview Putin claims he is open to negotiated settlement.  We'll explain.

 

5A) Sources claim U.S. will not pressure Ukraine to cede any territory

 

6) Defiant Biden pushes back against Israel plan to extract Hamas from Rafah.

 

7) Desperate Biden campaign joins Tic Tok.  Trump leads by 35 in South Carolina

 

8) Secretary of Defense Austin back in hospital with Bladder problem.