Once again Wall Street was surprised by a deflationary wholesale price report where the level of the so-called producer price index actually dropped by three-tenths of a percent. And it’s worth noting that after rising 1.1% in April, the PPI eased to 0.6% in May. And then the outright decline of three-tenths in June. This follows yesterday’s deflationary CPI report. Both are a welcome relief from the inflationary reports of recent months.<br><br>With NEC Dir Kevin Hassett, Laura Ingraham, WH Official Peter Navarro, Ben Ferguson, Ben Domench, and Sen Tim Sheehy<br><br>Learn more about your ad choices. Visit podcastchoices.com/adchoices

Has Goldilocks returned?

Kudlow 

Hello, folks. Welcome to Kudlow. I'm Larry Kudlow. So by repeatedly firing missiles at cargo ships in the Strait of Hormuz and attempting to rebuild their nuclear facilities, Iran, of course, has broken the ceasefire and the memorandum of understanding. And they are now paying a steep price. They crossed important red lines drawn by President Trump. And we are now in a continuous bombing mode. This is the fifth consecutive day.

And in fact, for the first time during this war, CENTCOM has launched a second wave of strikes at Iran under the direction of the commander in chief. Now, here's the president speaking to our very own Edward Lawrence just a little while ago. On Iran, you came to the conclusion that you couldn't negotiate with the IRGC. Does that mean that you might wipe them out like you did ISIS?

Yeah, it does. We will see what's happening. We received a call just as it was coming here. They want to meet. They always want to meet. But, you know, this should have been done by other presidents for many years, for 47 years, but really a lot longer than that. And it wasn't. And I never understood why. But now I do, because if you're not going to do it the way I'm doing it, you're never going to make a deal with them. All right. We're going to pick that up in just a little while. Meanwhile, folks, prices continue to fall here in the USA.

Yesterday was the CPI. Today, the PPI producer prices now fed rate hikes are off the table. But business is booming. Profits are rising. The stock market keeps breaking records. And he see director Kevin Hassett will be here in just a moment.

Has Goldilocks returned?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Has Goldilocks returned?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.