CPI comes in HOT, PPI not as bad

Retail sales - not a happy number for January

News on GameStop

DOGE is full attack mode (Dismantling)

PLUS we are now on Spotify and Amazon Music/Podcasts!

Click HERE for Show Notes and Links

DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.

Love the Show? Then how about a Donation?

Follow John C. Dvorak on Twitter

Follow Andrew Horowitz on Twitter

 Warm-Up

- CPI comes in HOT, PPI not as bad

- Retail sales - not a happy number for January

- News on GameStop

- - DOGE is full attack mode (Dismantling)

- The Winner of the ORCL CTP

Markets

- The call it dumb money - ruling again

- More earnings - driving markets

- Buying holding tight - tariffs are not worrisome|

- Intel parts up for grabs?

Retail Sales

- According to reports: Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report last Friday.

- Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality but not inflation for a month in which prices rose 0.5%.

- Excluding autos, prices fell 0.4%, also well off the consensus forecast for a 0.3% increase.

- A "control" measure that strips out several nonessential categories and figures directly into calculations for gross domestic product fell 0.8% after an upwardly revised increase of 0.8%.

Other Economics

- In other economic news Friday, the Bureau of Labor Statistics reported that import prices accelerated 0.3% in January, in line with expectations for the largest one-month move since April 2024. On a year-over-year basis, import prices increased 1.9%.

- Fuel prices increased 3.2% on the month, also the biggest gain since April 2024. Food, feed and beverage costs rose 0.2% following a 3% surge in December.

- Export prices also increased, rising 1.3%.

Back to Work

- President Trump was very vocal about people who work from home. Said they they are really not working

- “I happen to be a believer that you have to go to work. I don’t think you can work from home.

- “Nobody’s going to work from home, they’re going to be going out, they’re gonna play tennis, they’re gonna play golf. They’re gonna do a lot of things—they’re not working.”

--- Question: Doesn't President Trump work from home?

-----JPMorgan Chase CEO Jamie Dimon scorned calls from some employees to soften the bank's five-day return-to-office policy in an animated town hall meeting last week, according to a recording reviewed by Reuters.

- Employees at the largest U.S. bank have complained on internal message boards and chats about losing hybrid working arrangements, and one group launched an online petition urging Dimon to reconsider.

Unions - NOPE

- Amazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted against unionizing on Saturday.

- Of the 3,276 ballots cast, there were 2,447 votes opposing the union and 829 in favor, according to Carolina Amazonians United for Solidarity and Empowerment (CAUSE), the group seeking to represent workers. The results still need to be certified by the National Labor Relations Board.

China - Tariffs of their own

- China's finance ministry said Tuesday it will impose 15% tariffs on coal and liquified natural gas imports from the U.S. and 10% duties on crude oil, farm equipment and certain cars, starting Feb. 10.

- The tariffs announcement comes as the additional 10% U.S. tariffs on Chinese exports came into effect on Tuesday stateside.

Speaking of Tariffs

Reciprocal Tariffs - what are they? . Essentially, it's a "tit-for-tat" approach to trade: if Country A charges a 10% tariff on goods from Country B, then Country B will impose a 10% tariff on goods from Country A

- President Trump recently signed a memorandum directing...