David Faber, Sara Eisen and Mike Santoli began the show by breaking down the massive drop in stocks a day after Wall Street had an historic rally. All the Magnificent 7 tech stocks were under pressure with Tesla the biggest laggard of the group, following 3 firms cutting their price targets on the stock. The desk also discussed this morning’s CPI print; The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.

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