A daily morning look at the financial stories you need to know to start the day.
-Stock futures are higher after a mild rally Wednesday. The Dow and the S&P 500 have both recovered 45 percent of their losses since the downturn last week. All eyes are on the 8:30 a.m. ET inflation report. It's being called the most important CPI report in 10 years as investors are getting more worried about rising prices and wages. The consensus estimate is that CPI will be up 1.9 percent and core CPI will be 1.7 percent.
-The yield on the 10-year Treasury bond is down slightly right now at 2.82 percent.
-Stock jitters and higher interest rates drove weekly mortgage applications down 4.1 percent last week.