About this episode
Wall Street plunges in its worst sell-off in more than two years, with the Dow diving 1200 points, while the two-year Treasury yield rockets to levels not seen since 2007, all after a hotter-than-expected U.S. CPI print of 8.3%, raising expectations the Fed could look to hike rates by 100 basis points at its next meeting. In other news, Germany's cabinet prepares to approve an expanded state support program for troubled energy providers, and Twitter shareholders approve Elon Musk's $44 billion takeover, while a whistleblower tells US lawmakers of alleged major security flaws at the social media platform and says regulators are ill-equipped for their role. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .