Latest news with #Eugenio
Yahoo
16-05-2025
- Business
- Yahoo
Inflation fears jump to 7.3% as May consumer sentiment drops: UMich
The preliminary reading for consumer sentiment in May falls to 50.8 from 52.2 the month prior, as reported by the University of Michigan, below original estimates of 53.4. The print also illustrated inflation expectations to have shot up to 7.3%. This comes as April's Consumer Price Index (CPI) saw inflation in consumer prices ease while the Producer Price Index (PPI) actually saw prices fall month-over-month. Raymond James chief economist Eugenio Alemán joins Catalysts host Madison Mills and guest host, Crossmark Global Investments' Victoria Fernandez, to expand upon how the Federal Reserve may be interpreting this data alongside current inflation forecasts. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. We've got some breaking news crossing the wire here, May consumer sentiment data falling to its second worst reading on record coming in at 50.8, economists estimating 52, 53.4. Joining us now on this, we've got Eugenio Aleman, Raymond James Chief Economist. Thank you so much for joining us, Eugenio. I am fascinated by the numbers here. I also just want to quickly mention expected change in median prices during the next year rising to 7.3% above the prior rate of 6.5%. That's the highest since 1981. How'd you characterize this print? Yeah, it is not good for the Fed. Um but um I mean it's just one indicator, one survey. Other surveys of inflation expectations are not as high as the Michigan sentiment expectations. Uh so I think that the Fed is going to continue to uh check all these numbers and come up with a decision on on rates and when they are going to move. It is not a good sign, consumer confidence is almost 30% lower than at the beginning of the year. Um the the the positive thing about this is that in in this case, consumer sentiment is not that uh um good of a measure because as consumers expect higher prices, they will be pushing uh purchases even uh forward even if they don't feel good about the future. Uh so in some sense, these consumer sentiment today is not as a good measure as in previous periods of time. Right. And of course you have the ever evolving tariff uncertainty leading to questions about the validity of the data, but I want to go to you on that, Victoria, because obviously these inflation expectations really significant and this reading, I mean, among the worst on record. To what extent does that play through in the trade today because stocks are still up at the moment? Yeah, I think it's interesting. Eugenio talked about maybe you can't um look at these as strongly as you would some other numbers, and I think that's part of this. What are these numbers actually representing? Is it because we had the pull forward effects in front of tariffs? Has that been really pushing some of the numbers? How much faith can we put that these aren't just one-offs? Um you know, do we have PPIs come down because um gasoline or CPIs come down because of gasoline prices. Um I think you have to maybe take a step back and look at a couple months together, and that's why maybe the market is saying, let's just take a pause and get a little bit more data. And I think it does put the Fed in a very difficult position at this point, giving us more uncertainty into where that goes. Yeah, and Eugenio, I want to bring you back into the conversation here. We had the Fed's Rafael Bostic this morning saying he only sees one rate cut this year. What would this soft data have to convert into in terms of the hard data to equate to more fed rate cuts this year? So, yeah, so I mean soft data is very soft. Uh just uh playing with the words here, but um hard data is still not uh soft. Um so they have to watch the hard data as it comes in. Uh sometimes is very late on the game. Uh but you know, before the tires, before April 2nd, uh liberation Day, we were thinking of three rate cuts because inflation was coming down. Uh and the underlying inflation uh was still disinflationary. We still have not seen little of of tires effect on on prices. Um so right now they are waiting to see how the economy evolves uh with all these uncertainty, and either way, whether inflation continues to go down and or if there is a recession in the pipeline, uh they will have to move lower on rates. How many rate cuts? still not sure, but we still have three rate cuts, but it is going to be uh depending on what happens to economic activity. Sign in to access your portfolio
The Sun
21-04-2025
- Entertainment
- The Sun
Met Gala ex-staffer claims Kylie Jenner's ‘rule' got him ‘fired' from job at A-list fashion event
A MET Gala ex-staffer has claimed Kylie Jenner's 'rule' got him 'fired' from the A-list event. Italian model Eugenio Casnighi, 27, worked as a Met Gala greeter in 2022 and 2023. 4 4 4 The 27-year-old later claimed he was fired for "upstaging" Kylie and going viral in the background of her glamorous snaps. Speaking to more recently, he revealed: 'Kylie gave me a tip before we went on the red carpet. "She told me, 'Don't get too far from me, or it'll look weird, like you're chasing me. But don't stay too close, or it'll look like we're dating.' "Looking back on it now, that was honestly so true. "She wanted me to stay 5 steps away from her, so that's how we did it.' He added: 'It was funny to me because a lot of people hated that I was next to her, like I was ruining her image. "I wasn't pretending to be her date or anything, I was literally just there, holding her bag. "That's what I was paid to do. I wasn't looking at the camera.' Asked whether he'd heard from Kylie or her team since, Eugenio replied: "No, I never heard anything from Kylie's team because a.) it's not Kylie's responsibility or problem and b.) I don't even know if she remembers the whole story. 'I know last year [the 2024 Met Gala], she made sure to be by herself on the red carpet. "She didn't want any help. I don't know if it's related to me or not. 'I saw her at an event at the Brooklyn Museum, but obviously there were many people around her. "I would have loved to just go to her once and say, 'Hi, do you remember me? If anything [from that night] annoyed you, I'm sorry, it wasn't my intention', just to clear it up. But you know, I think she's just fine.' Previously, Eugenio recounted the situation in a TikTok video posted last year. More about Kylie's brand, Khy On October 24, 2023, Kylie posted a photo on her Instagram wearing a black leather trench coat with the caption: "Meet khy." Jens and Emma Grede, the same husband-and-wife duo behind Khloé Kardashian's Good American and Kim Kardashian's SKIMS, are said to be involved with the brand. Kylie stated that the clothing line, a play on her nickname, will offer fashion-forward threads at a more accessible price point than typical designer brands. In an interview with the Wall Street Journal, Kylie said: "The whole line is really inspired by my personal wardrobe, and the different moods that I'm in...[the first drop] is very King Kylie–who I am at my core." The venture is her newest, though not only foray into fashion. She also collaborates with her sister Kendall Jenner on their clothing line Kendall + Kylie, sold at lifestyle retail brand PacSun. Jenner previously launched Kylie Swim in September 2021 to lackluster reviews before filing new trademarks for the brand in November 2022. Her first Khy collection was released on November 1, 2023. So far, she has released four collections underneath her brand. In the clip, Eugenio claimed he'd been let go just days before the 2024 Met Gala. He continued: "They fired me because I went viral last year. "So basically they said, you made it about yourself, so we can't have you work there anymore. "I'm sorry, you got laid off, fired, whatever you wanna call it." 4
The Irish Sun
21-04-2025
- Entertainment
- The Irish Sun
Met Gala ex-staffer claims Kylie Jenner's ‘rule' got him ‘fired' from job at A-list fashion event
A MET Gala ex-staffer has claimed Kylie Jenner's 'rule' got him 'fired' from the A-list event. Italian model Eugenio Casnighi, 27, worked as a Met Gala greeter in 2022 and 2023. Advertisement 4 Ex-Met Gala staffer Eugenio Casnighi Credit: Getty 4 Eugenio was assigned to Kylie Jenner at the 2023 Met Gala Credit: Getty 4 People took notice of Eugenio in the background Credit: Getty The 27-year-old later claimed he was fired for "upstaging" Kylie and going viral in the background of her glamorous snaps. Speaking to "She told me, 'Don't get too far from me, or it'll look weird, like you're chasing me. But don't stay too close, or it'll look like we're dating .' "Looking back on it now, that was honestly so true. Advertisement Read more on Kylie Jenner "She wanted me to stay 5 steps away from her, so that's how we did it.' He added: 'It was funny to me because a lot of people hated that I was next to her, like I was ruining her image. "I wasn't pretending to be her date or anything, I was literally just there, holding her bag. "That's what I was paid to do. I wasn't looking at the camera.' Advertisement Most read in Entertainment Asked whether he'd heard from Kylie or her team since, Eugenio replied: "No, I never heard anything from Kylie's team because a.) it's not Kylie's responsibility or problem and b.) I don't even know if she remembers the whole story. 'I know last year [the 2024 Met Gala], she made sure to be by herself on the red carpet . Kylie Jenner looks incredible as she's spotted out in black boots, a trench coat and glasses "She didn't want any help. I don't know if it's related to me or not. 'I saw her at an event at the Brooklyn Museum, but obviously there were many people around her. Advertisement "I would have loved to just go to her once and say, 'Hi, do you remember me? If anything [from that night] annoyed you, I'm sorry, it wasn't my intention', just to clear it up. But you know, I think she's just fine.' Previously, Eugenio recounted the situation in More about Kylie's brand, Khy On October 24, 2023, Kylie posted a photo on her Jens and Emma Grede, the same husband-and-wife duo behind Khloé Kardashian's Good American and Kim Kardashian's SKIMS, are said to be involved with the brand. Kylie stated that the clothing line, a play on her nickname, will offer fashion-forward threads at a more accessible price point than typical designer brands. In an interview with the The venture is her newest, though not only foray into fashion. She also collaborates with her sister Kendall Jenner on their clothing line Jenner previously launched Kylie Swim in September 2021 to lackluster reviews before filing new trademarks for the brand in November 2022. Her first Khy collection was released on November 1, 2023. So far, she has released four collections underneath her brand. In the clip, Eugenio claimed he'd been let go just days before the 2024 Met Gala . He continued: "They fired me because I went viral last year. Advertisement "So basically they said, you made it about yourself, so we can't have you work there anymore. "I'm sorry, you got laid off, fired, whatever you wanna call it." 4 Kylie wowed at the 2023 Met Gala in New York City Credit: Getty
Yahoo
17-04-2025
- General
- Yahoo
Commentary: Aspiring teachers in Pa. need training that provides classroom realities
Students in Christine Persun's classroom in Mechanicsburg Middle School. (Submitted by Christine Persun) Lily stared at me with wide, worried eyes, trying to process every word I said as I explained the problem in her workbook. I slowed down and repeated myself. She hung on every word, desperate to keep up. Lily had immigrated from China just two years earlier and had spent time traveling back and forth. She was an incredibly hard worker, still learning English, and, as a first-year teacher, I had no idea how to help her. Five years later, Eugenio arrived in my classroom from El Salvador. In many ways, he reminded me of Lily—motivated, hardworking, and eager to please. But unlike Lily, he had just arrived in the country and didn't speak a word of English. This time, though, I was prepared. I gave him directions in my very limited Spanish. I used AI to generate translated notes and assignments. I created a Spanish-to-English math dictionary and kept it handy for him. I modified assignments that would help him learn the concepts and experience success. I was ready to do whatever it took to help him learn. The difference? Experience. By the time I had Eugenio in my class, I knew my curriculum and I knew how to meet individual student needs. I knew where to look to find resources. I knew which colleagues to go to for guidance and support. When I had Lily as a student, I was a brand-new teacher, fresh out of student teaching. I had completed my university's teacher preparation program and learned from a supportive mentor, but I was unprepared for the realities of the classroom. I needed a preparation program that equipped me to help students like Lily and Eugenio from day one—not five years later. Teacher preparation programs at the university level often train pre-service teachers through a theoretical lens rather than a practical one, leaving many feeling underprepared for the realities of the classroom. In Pennsylvania, these programs vary greatly in coursework requirements, meaning a teacher's readiness depends as much on their training program as on their own abilities. A publication from the William Penn Foundation found that in order for teachers to succeed, they require much more time and practice in the classroom than current pathways to teaching offer. What future educators need are training experiences that truly mirror the realities of the classroom. This means rethinking how we prepare teachers. Education majors should begin their work in schools in the early years of university rather than postponing until their student teaching experience during their senior year, when they may realize that teaching is not for them. From early on in their bachelor's programs, pre-service teachers should be learning hands-on in the classroom. Integrating early and consistent field experiences into teacher preparation programs is essential. As noted by Carolyn Parker, director of graduate teacher education at American University's School of Education, 'Get them into the schools as early as you can and as often as you can.' This approach gives pre-service teachers the time they need to build meaningful relationships with students and communities, ensuring they are well-prepared for the realities of the classroom. They should be completing experiences by observing classrooms and meeting with students. Coursework should center on realistic case studies with real students instead of abstract theories. While standardized tests like the Praxis have been shown to correlate with effective teaching in specific subjects—particularly those requiring deep content knowledge, such as elementary math and reading—clinical experiences and capstone portfolios offer a more comprehensive way for teacher candidates to demonstrate their effectiveness. More realistic forms of assessment allow candidates to showcase their teaching abilities in real classroom settings, which provides a clearer picture of their preparedness for the challenges of teaching. Structural changes in teacher preparation policies are also necessary. New teachers consistently cite student teaching as the most valuable part of their training, as it allows them to apply theory in real classrooms under the guidance of experienced mentors. To maximize its impact, student teaching should last an entire year, not just one semester to ensure that teacher candidates will be able to manage classrooms effectively. Universities must move away from the traditional model which delays classroom experience until later in academic programs. Instead, education majors should begin experiencing classrooms immediately. Further, licensure requirements should be revised to prioritize demonstrated teaching skills over standardized test scores, allowing for a more accurate assessment of a candidate's ability to succeed in the classroom. A stronger, more practical approach to teacher preparation would mean fewer new teachers struggling to support students like Lily – and more teachers entering the classroom equipped to provide students like Eugenio the help they need from day one. If we want new teachers to succeed, we need to demand change in how they're prepared. It's time to prioritize hands-on experience over outdated theory—because when teachers are prepared, students thrive, and when students succeed, we all succeed. Christine Persun is mathematics teacher at Mechanicsburg Middle School in Mechanicsburg, Cumberland County, and a 2024-2025 Teach Plus Pennsylvania Policy Fellow.
