Carl Quintanilla and Jim Cramer react to the massive inflation data. CPI jumping 8.5% for a year prior, slightly hotter than what economist had anticipated. It is the highest year-over-year gain since the early days of the Reagan Administration back in December of 1981. Plus, China continuing to deal with its Covid lockdown. The U.S. State department now ordering all non-emergency government staff in shanghai to leave, and U.S. citizens to reconsider travel to China. CarMax shares slumping after a bottom line miss for its latest quarter, as sales volumes are slowing and average selling prices continue to rise. Plus, Tim Cook taking the podium at the International Association of Privacy Professionals’ Global Privacy Summit. Carl & Jim respond to Cooks comments on the fight for privacy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street