Inflation Soars, Stocks Pull Back From Record Highs, eBay Rejects GameStop's $56B Bid 5/12/26
Squawk on the Street
- Published
- May 12, 2026
- Duration
- 43:22
- Summary source
- description
- Last updated
- May 12, 2026
Discusses investing.
Summary
Carl Quintanilla, Jim Cramer and David Faber discussed a lot of news for the markets to digest: April CPI surged to 3.8% year-on-year on the spike in gasoline prices. The S&P 500 and Nasdaq pulled back from record highs and crude oil prices jumped amid heightened tensions between the U.S. and Iran. President Trump is heading to China Tuesday night for hig…
Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed a lot of news for the markets to digest: April CPI surged to 3.8% year-on-year on the spike in gasoline prices. The S&P 500 and Nasdaq pulled back from record highs and crude oil prices jumped amid heightened tensions between the U.S. and Iran. President Trump is heading to China Tuesday night for high-stakes meetings with President Xi. Nvidia CEO Jensen Huang was not on the list of business leaders joining the president's delegation on the
Themes
- investing