CNN on Inflation: ‘It’s Costing More to Buy Just The Basic Items To Feed Your Family’

CAMEROTA The Dow Victor ░░░░░░░░ down by more than ░░░░░░░░ points because of fears ░░░░░░░░ rising inflation CNN s ░░░░░░░░ Kosik joins us live ░░░░░░░░ from New York with ░░░░░░░░ What s happening Alison ░░░░░░░░ Hi Alisyn What you ░░░░░░░░ seeing here is sort ░░░░░░░░ the final 20 minutes ░░░░░░░░ the trading day That ░░░░░░░░ really picking up We ░░░░░░░░ seen the market kind ░░░░░░░░ tank all day especially ░░░░░░░░ tech shares getting hit ░░░░░░░░ hardest Why is this ░░░░░░░░ happening It has everything ░░░░░░░░ do with what Vanessa ░░░░░░░░ talking about and that ░░░░░░░░ inflation Today we got ░░░░░░░░ new inflation rating called ░░░░░░░░ and it showed that ░░░░░░░░ actually higher prices moved ░░░░░░░░ their fastest pace since ░░░░░░░░ We re talking about ░░░░░░░░ the month of April ░░░░░░░░ ve all known that ░░░░░░░░ are going up but ░░░░░░░░ data comes out it ░░░░░░░░ of puts the exclamation ░░░░░░░░ on what s happening ░░░░░░░░ for investors it s ░░░░░░░░ this a ha moment ░░░░░░░░ that is why you ░░░░░░░░ seeing this selling now ░░░░░░░░ re seeing this selling ░░░░░░░░ if inflation continues for ░░░░░░░░ the fear is that ░░░░░░░░ can impact margins It ░░░░░░░░ squeeze them and it ░░░░░░░░ erode corporate profits So ░░░░░░░░ could eat into obviously ░░░░░░░░ profits and then into ░░░░░░░░ prices And if inflation ░░░░░░░░ as well the concern ░░░░░░░░ that the Fed will ░░░░░░░░ ahead and have to ░░░░░░░░ interest rates earlier than ░░░░░░░░ and that is making ░░░░░░░░ very nervous. Alisyn?”