美国10月CPI超预期，Waller支持加息25基点，Nvidia面临诉讼

News when you want it with Bloomberg News Now. I'm Amy Morris. Inflation ran hotter than expected last month. Bloomberg's Michael McKee with the October Consumer Price Index. Both the headline and the quarter came in higher than expected for the month of October. The headline comes in up 4/10. The core comes in up 3/10. Bloomberg's Mike McKeen notes this report does not include year over year inflation numbers because they don't have those figures because of last year's government shutdown.

Fed Governor Christopher Waller said even if October CPI data had shown improvement, he'd still support an interest rate hike. I would still support a 25-basis point increase in the FOMC policy rate at our December meeting. If inflation comes in substantially higher than I expect, more robust action by the FOMC may be called for. Now Waller made those comments at a Bank of England event hours before October CPI data showed a worse than expected report on inflation.

Waller believes that hiking only 25 basis points would put the Fed's credibility at risk, and that they should consider a 50 basis point hike. At the December meeting, Dallas Fed President Lorie Logan says she still sees a need for at least two quarter point rate increases. She says the pace may need to be faster than the fed is moving this fall. Logan spoke at a conference in Houston. Bloomberg fed and economy reporter Enda Curran We've had hotter than inflation data.

As you know, we had a very punchy speech from Governor Waller making clear 25 and his view is already locked in. The question is, do they go up 50? And now, of course, we have President Logan making this point that, uh, she sees two more hikes. It's a question of of pace from here. Bloomberg's Enda Curran on Bloomberg Intelligence. The interest rate probability index on the Bloomberg terminal shows a rate hike of at least 25 basis points is already fully priced in.

All of this has stocks moving lower. We check markets for you all day long here at Bloomberg. The S&P 500 is down 7/10 of a percent. Nasdaq down just shy of 1%. The Dow is down 7/10 of a percent. The ten year Treasury yield at 5%, and the two year Treasury yield at 4.75%. The Philadelphia Semiconductor Index less than 1% lower. Led by Nvidia, which is down nearly 5.5%. Crude oil also moving lower. WTI at less than $87 a barrel.

Brent crude less than $92 a barrel. Diesel has been inching lower a bit each day, now averaging $6.16 per gallon. Anthropic is targeting a valuation of up to .4 trillion for its IPO. The company, seeking to raise more than $90 billion in the IPO and private placement. That would be the biggest listing ever. Beating out SpaceX's $75 billion base deal. A shareholder has sued Nvidia and CEO Jensen Huang, accusing them of deceiving investors.

The complaint says the company misled investors about Huang's affair with Alice Huang, an alleged Chinese spy. It also accuses Nvidia and Huang of failing to disclose the affair and issuing false statements. The complaint seeks unspecified damages and a jury trial, and seeks to represent in a class action lawsuit anyone who bought shares of Nvidia between October 9th and November 8th. Nvidia shares right now more than 5% lower.

Defense Secretary Pete Hegseth has pushed back against an impeachment effort against him, saying the moves had turned disagreements over Pentagon policy into a farce. Hegseth defended his actions by stating he was following orders from President Trump. Iran, the cartels, Maduro, Yemen, every one was a lawful operation ordered by the commander in chief, then ordered by myself, notified to Congress and executed by American warriors who did their jobs.

Republican Representative Thomas Massie filed those articles of impeachment, accusing Hegseth of waging war against Iran without proper congressional authorization and conducting extrajudicial killings. Democrats say they will also investigate Hegseth and potential conflicts of interest in defence procurement. Secretary of State Marco Rubio says combat operations against Iran are not currently needed, pointing to what he describes as the effectiveness of the U.S. blockade and sanctions the economic campaign and the pressure and the devastation that our economic campaign is having on the Iran Iranian regime is working so well that the president really doesn't have any need to conduct major combat operations.

Rubio spoke at the G7 foreign ministers meeting. Secretary Rubio also said the U.S. and Europe are aligned on its goals for Ukraine. In their first meeting since February. Russia and Ukraine held four hours of talks with the U.S.. mediating. Russian President Vladimir Putin wants Ukraine to pull back its troops and abandon its NATO bid. Ukraine President Volodymyr Zelensky rejected those terms. IBM is ending its immigration sponsorship for some roles in its largest division, IBM consulting, a document shared with managers shows impacted workers can continue working with IBM outside the U.S. or leave the company at the end of the year.

The Trump administration moved to make it harder for companies to use H-1b visas to attract foreign talent. That's news when you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg