Inflation held steady in July

MORNING. >>> MARKETS TODAY HIT RECORD HIGHS. >>> MARKETS TODAY HIT RECORD HIGHS AFTER NEW INFLATION. AFTER NEW INFLATION NUMBERS CAME OUT. OVERALL THINGS HELELD. OVERALL THINGS HELD PRETTY STEADY BUT THERE ARE E WARNING. PRETTY STEADADY BUT THERE ARE WARNING SIGNS AS WELL. THERE ARE WARNING SIGNS AS WELL. CHRISTINE JOINS US. SIGNS AS WELL. CHRISTINE JOINS US TO HELP US BREAK IT. CHRISTINE JOINS US TO HELP US BREAK IT ALL L DOWN. ALL DOWN. THE QUESTION WE KEEP ASKING, HAVE W WE FELT. ASKING, HAVE WE FELT THE EFFECTS OF THE TRADE WAR YET? TRADE WAR YET? >> JULY INFLATION WAS STUBBORN BUT NOT. WAS STUBBORN BUT NOT AS MANY ECONOMISTS HAD EXPECTED. HAD EXPECTED. LOWER GAS PRICES REALLY HELPED KEKEEP. LOWER GAS PRICICES REALLY HELPED KEEP THE NUMBER UNDER. REALLY H HELPED KEEP THE NUMBER UNDER WRAPS, BUT VOLATILE.

THE NUMBER UNDER WRAPS, BUT VOLATILE FOOD AND ENERGY. FOOD AND ENERGY PRICES. INFLATION. INFLATION. 3.1%. STILL ABABOVE NORMAL. SO FAR MANY COMPANIES HAVE BEEN ABSORBING TARIFFS, ABSORBING TARIFFS, BUT WE ARE BEGINNING TO SEEEE HIGHER COSTS. TO SEE HIGHER COSTS FOR FURNITURE, TOOLOLS, SHOES, PET. TOOLS, SHOES, PET SUPPLIESES, COFFEE. THESE ARE ALL THINGS. SUPPLIES, COFFEE. THESE E ARE ALL THINGS FROM COUNTRIES NOW. THESE ARE ALL THINGS FROM COUNTRIES NOW HIT WITH SIGNIFICANT. HIT WITH SIGNIFICANT BORDER TAXES. THE WHITE HOHOUSE. CELEBRATING TODAY'S NUMBERS CALLING INFLATION LOW AND. INFLATION LOW AND STABLE. STEP BACACK FOR A. STEP BACK FOR A SECOND. OVOVER THE PAST FIVE. OVER THE PAST FIVE YEARS, CAR INSURANCE UP 60%. HOUSING, 52%. ELECTRICITY UP 38%. USED CARS, FOOD BOBOTH.