Good morning. US stock futures ticked higher in Wednesday morning trading as investors digested news of a tame inflation print.
📉 Inflation comes in cooler than expected
The so-called core consumer price index, which excludes food and energy costs, increased 0.2% from September, according to government figures.
Despite some bumps in recent months, inflation has settled substantially from a 40-year high reached last year
The Bureau of Labor Statistics figures reflected increases in rent and personal-care products and services, as well as health insurance due to a methodological change in how the government calculates it. Meanwhile, airfares and used-car prices declined.
💡 So what: Declining inflation can have several benefits for the US economy. As prices stabilize, individuals can sufficiently adjust and support their cost of living, investor confidence is bolstered and there’s reduced uncertainty about the overall trajectory of the economy.
Wednesday - New York Fed President John Williams Speaks
Thursday - Initial Jobless Claims (wk end Nov 10th), Philadelphia Fed Manufacturing Survey, Fed Governor Waller Speaks
Friday - No Major Economic News
💰 Follow these traits to be financially secure in retirement
🚴🏾♂️ UK lays down law on food delivery apps
WHY: "Unchecked account sharing places the public at risk, enables - and therefore encourages - illegal migration, and leads to the exploitation of workers," Immigration Minister Robert Jenrick said in a statement after he met the three companies.
🛍️ Amazon, Snapchat ink ad deal
WHY: Amazon also has similar tie-ups with Facebook-owner Meta Platforms and Pinterest. Its partnership could help aid a recovery in the advertising business of Snap, which reported better-than-expected earnings last month.
🤖 YouTube to roll out new AI rules
WHAT: YouTube is getting serious about AI tricks! The company is rolling out new rules for AI content, including a requirement that creators reveal whether they've used generative artificial intelligence to make realistic looking videos. Accounts that fail to comply risk being suspended the streaming giant said.
WHY: The restrictions expand on rules that YouTube's parent company, Google, unveiled in September requiring that political ads on YouTube and other Google platforms using artificial intelligence come with a prominent warning label.
🧑💻 We read your emails and poll replies daily.
Hit reply and let us know what you want more of!
See ya next time, Daily Market Briefs