Plus, the EU's tech rules look like they are having an impact on Apple.

(AI Video Summary)

Hotter-than-expected CPI rates

In today's edition of "Beat the street", Angeline Ong discusses the anticipation of the PPI number, Boeing's whistleblower allegations, Apple's diversification into India, and the impact of EU tech rules on Apple. Chris Vecchio from tastylive joins the show and comments on higher-than-expected core CPI rates, suggesting continued inflation pressures may prevent anticipated rate cuts by the Fed. The discussion also covered the market's reaction, with a focus on the US dollar, Dow Jones, and the volatility index spike following the CPI data.

Upcoming US earnings season

Additionally, there's mention of the upcoming earnings season, with a spotlight on JPMorgan Chase, Citigroup, Wells Fargo, and tech giants like Apple and Alphabet. Axel Rudolph also joins the show and analyses the NASDAQ 100's potential uptrend. Delta Airlines' positive earnings update, Moderna's vaccine trial success, and oil price movements in response to Middle East tensions are also highlighted. The show concludes with a market summary, emphasising the response to the hot CPI number.