Stocks selling off as investors digest the latest developments out of the Middle East, and the highest inflation read in over three years. SMBC Americas’ Chief Economist Joe Lavorgna lays out his take on the CPI report, and what’s in store for Kevin Warsh at his first Fed meeting next week. Plus, all the details from Oracle’s latest earnings report, Musk’s unique strategy for his SpaceX IPO, and how the NBA finals and World Cup combo are kicking off a sports betting golden age.

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