Squawk on the Street
The Inflation Data Sell-off, White House Reaction from NEC Director Brian Deese, and Goldman Says "Sell" Netflix. 6/10/22
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Show notes
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding the market sell-off, sparked by a hotter-than-expected Consumer Price Index for May, including the highest year-over-year increase in four decades. The anchors explored the inflation factor for investors, with Cramer calling for more outreach from President Biden to energy giants in wake of surging oil and gasoline prices. National Economic Council Director Brian Deese joined the program with reaction to the inflation data. Also in focus: Goldman Sachs downgrades Netflix to "Sell," bright spots in the market, the U.S. to end COVID-19 testing for air travelers entering the country, and Starbucks interim CEO Howard Schultz's take on "work from home." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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