The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling. While most stocks gained, weakness in tech giants kept a lid on the market.

Treasury two-year yields dropped toward their lowest since 2022. Money markets priced in higher chances the Fed will slash rates more than twice this year. About 370 shares in the S&P 500 rose, but the gauge was little changed at the end of its worst week since November. A gauge of megacaps lost 1.1%. Amazon.com Inc. saw its longest slide in almost 20 years. The Russell 2000 index of small firms climbed 1.2%. Bitcoin jumped.

The consumer price index rose 0.2% in January, the smallest gain since July and restrained by lower energy costs. While services costs picked up last month, prices of core goods remained stable. The core CPI rose from a year ago by the least since 2021. The overall gauge also eased on an annual basis.

Today's show features:

• Dr. Adam Posen, President of the Peterson Institute for International Economics, on the global economic outlook and the path for US monetary policy
• Christina Stembel, Founder & CEO of Farmgirl Flowers, on the importance of Valentine’s Day to her company’s annual sales
• Bloomberg News Banking Reporter Todd Gillespie on Kathy Ruemmler leaving her position as the top lawyer at Goldman Sachs following a monthslong saga over her previous association with Jeffrey Epstein
• Bloomberg Tech Co-Host Ed Ludlow on SpaceX considering a dual-class share structure in its planned IPO
• Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on Coinbase’s post-earnings surge and the broader crypto trade

See omnystudio.com/listener for privacy information.