About this episode
A wild rollercoaster Wall Street session sparks inflation fears, pushing stocks lower across Asian markets. The Nasdaq ends up on the flatline while the Dow records its worst day since February, tumbling 500 points. St. Louis Fed Chairman James Bullard becomes the latest central banker forecasting higher inflation. Bullard tells CNBC that talk of tapering is premature while the effects of the pandemic still resonate in some parts of the economy. Last Friday’s Colonial Pipeline ransomware attack is being felt at the pumps with gasoline supplies tightening and forecourt queues forming across the U.S. east coast. A decision on fully reopening the facility is expected today. Meanwhile, violence flares in the Middle East as Hamas and Israeli forces exchange rocket fire. The UN warns the situation could spiral into full-blown war. And in autos news, Nissan has forecast a third consecutive year of losses, causing shares to nosedive into the red. The Japanese car giant’s operations have been hampered by the global semi-conductor shortage. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .