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CNBC Daily Open: Wall Street meets its old nemesis: Inflation

Cnbc · · 481 words · By Lim Hui Jie
Market Volatility U.S. Inflation US-China Relations
open_in_new Read the original article: https://www.cnbc.com/2026/05/13/cnbc-daily-open-wall-street-meets-its-old-nemesi…

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 5
info Single Source 3
verified Verified By Reference 1
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“U.S. consumer prices in April came in higher than expected at 3.8%, marking their highest rate of increase since May 2023.”
CORROBORATED
Multiple independent web search results (CNN Business, Google News) confirm that US inflation rose to 3.8% in April, the highest since May 2023.
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wikipedia NEUTRAL — The April 18, 1983, United States Embassy bombing was a suicide bombing on the Embassy of the United States in Beirut, Lebanon, that killed 32 Lebanese, 17 Americans, and 14 visitors and passers-by. T…
https://en.wikipedia.org/wiki/1983_US_embassy_bombing_in_Bei…
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wikipedia NEUTRAL — 2017 (MMXVII) was a common year starting on Sunday of the Gregorian calendar, the 2017th year of the Common Era (CE) and Anno Domini (AD) designations, the 17th year of the 3rd millennium and the 21s…
https://en.wikipedia.org/wiki/2017
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wikipedia NEUTRAL — April May 99 is a 2025 Indian Marathi-language coming-of-age film directed by Rohan Mapuskar in his directorial debut. The film stars Sajiri Joshi, Aaryan Menghji, Shreyas Thorat, and Manthan Kanekar …
https://en.wikipedia.org/wiki/April_May_99
+ 3 more evidence sources
verified
“Core inflation, which strips out food and energy prices, climbed 2.8%, its highest since January 2025 and still above the Federal Reserve's 2% target.”
VERIFIED BY REFERENCE
The provided evidence discusses general inflation rates for March 2026 (3.3%) but does not contain specific data regarding 'core inflation' for April being 2.8% or its relation to January 2025.
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wikipedia NEUTRAL — 2017 (MMXVII) was a common year starting on Sunday of the Gregorian calendar, the 2017th year of the Common Era (CE) and Anno Domini (AD) designations, the 17th year of the 3rd millennium and the 21s…
https://en.wikipedia.org/wiki/2017
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wikipedia NEUTRAL — On January 6, 2021, the United States Capitol in Washington, D.C., was attacked by a mob of supporters of President Donald Trump in an attempted self-coup, two months after his defeat in the 2020 pres…
https://en.wikipedia.org/wiki/January_6_United_States_Capito…
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wikipedia NEUTRAL — The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal c…
https://en.wikipedia.org/wiki/United_States
+ 3 more evidence sources
info
“Traders have raised the odds of a Fed rate hike by the end of the year to about 30%, according to CME Group's FedWatch tracker, with a 4.5% chance of a 50-basis-point rate hike.”
SINGLE SOURCE
While the evidence confirms the existence of the CME FedWatch tool, it does not provide the specific percentage odds (30% for a hike, 4.5% for a 50-basis-point hike) mentioned in the claim.
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web search NEUTRAL — Use CME FedWatch to track the probabilities of changes to the Fed rate, as implied by 30-Day Fed Funds futures prices. Interested in learning more about our Interest Rates products, such as SOFR, Fed …
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch…
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web search NEUTRAL — Our Fed rate monitor calculator is based on CME Group 30-Day Fed Fund futures prices, which tend to signal the markets’ expectations regarding the possibility of changes to US interest rates based on …
https://www.investing.com/central-banks/fed-rate-monitor
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web search NEUTRAL — Probability of a very high rate (target rate 4.50 - 4.75%): 0.3%. This suggests a high probability (around 99.8%) of at least one rate hike by the September 17, 2025 meeting.
https://www.linkedin.com/pulse/fed-rate-hike-probability-per…
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“a federal appeals court gave the Trump administration a temporary reprieve, allowing its 10% global tariffs to remain in place for another 10 days”
CORROBORATED
Multiple web search results confirm that a federal appeals court granted a pause/stay on the block of the Trump administration's 10% global tariffs.
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web search NEUTRAL — The Trump administration quickly appealed and sought an emergency stay. The U.S. Court of Appeals for the Federal Circuit granted the pause, allowing the tariffs to continue during the appeals process…
https://vinnews.com/2026/05/12/appeals-court-pauses-block-on…
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web search NEUTRAL — US President Donald Trump has increased tariffs to 15%, one day after a US Supreme Court decision struck down his sweeping import taxes.29 May 2025: The Federal court grants an injunction temporarily …
https://www.bbc.com/news/live/c0l9r67drg7t
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web search NEUTRAL — Trump administration is appealing a court ruling that struck down its legal basis for 10% global tariffs, dealing blow to trade agenda.
https://www.benzinga.com/news/legal/26/05/52434303/trump-adm…
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“The S&P 500 closed 0.16% lower, and the Nasdaq Composite dropped 0.71%. However, the Dow Jones Industrial Average inched up 0.11% in Tuesday's trading session.”
CORROBORATED
Two independent web search results explicitly confirm the closing percentages for Tuesday: S&P 500 down 0.16%, Nasdaq down 0.71%, and Dow up 0.11%.
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web search NEUTRAL — The S&P 500 slipped 0.16% to close at 7,400.96, while the Nasdaq Composite dropped 0.71% to 26,088.20, and in contrast, the Dow Jones Industrial Average edged higher, gaining 56.09 points, or 0.11%, t…
https://economictimes.indiatimes.com/news/international/us/w…
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web search NEUTRAL — Indexes: Dow up 0.11%, S&P 500 off 0.16%, Nasdaq down 0.71% April Consumer Price Index hotter than expected Zebra Technologies jumps on annual sales growth forecast raise GameStop dips after eBay ...
https://www.reuters.com/business/wall-st-futures-fall-ai-ral…
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web search NEUTRAL — SPX | A complete S&P 500 Index index overview by MarketWatch. View stock market news, stock market data and trading information.
https://www.marketwatch.com/investing/index/spx
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“EBay rejected GameStop's $56 billion takeover proposal”
CORROBORATED
Five independent cross-references from major news organizations (CNBC, Al Jazeera, NBC Washington) confirm eBay rejected GameStop's $56 billion takeover proposal.
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cross reference SUPPORTS — EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop
https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeo…
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cross reference SUPPORTS — EBay has rejected a $56bn takeover bid from the much smaller GameStop
https://www.aljazeera.com/economy/2026/5/12/ebay-rejects-gam…
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cross reference SUPPORTS — Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop
https://www.nbcwashington.com/news/national-international/
+ 2 more evidence sources
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“GameStop CEO Ryan Cohen last week unveiled an audacious bid for eBay in a cash-and-stock deal valued at $125 per share”
SINGLE SOURCE
The evidence provided for this claim discusses GameStop store closures in 2026 but does not mention the specific bid of $125 per share for eBay.
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web search NEUTRAL — Shop GameStop, the world's largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories. Shop a wide selection of gamer-centric apparel, co…
https://www.gamestop.com/
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web search NEUTRAL — Jan 16, 2026 · GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is …
https://www.latimes.com/business/story/2026-01-16/gamestop-i…
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web search NEUTRAL — Jan 22, 2026 · GameStop store closures 2026: See the full list of over 470 doomed locations across 43 states The video game retailer continues to reduce its physical footprint as buying habits shift o…
https://www.fastcompany.com/91479231/gamestop-stores-closing…
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“President Donald Trump said Monday that U.S. arms sales to Taiwan and the imprisonment of Hong Kong media tycoon Jimmy Lai would be on his agenda for the Beijing summit”
SINGLE SOURCE
The provided evidence only confirms that Donald Trump is President in a second administration; it does not mention the specific agenda items regarding Taiwan or Jimmy Lai.
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web search NEUTRAL — List of presidents of the United States The White House, official residence of the president of the United States The president of the United States is the head of state and head of government of the …
https://en.m.wikipedia.org/wiki/List_of_Presidents_of_the_Un…
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web search NEUTRAL — Under President Donald Trump’s second administration, the United States has surged into a new era of prosperity, marked by record-setting economic growth and trillions in new private-sector ...
https://www.whitehouse.gov/
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web search NEUTRAL — What Happens if the President Dies? If the president of the United States dies, the vice president immediately assumes the office of president. The Twenty-fifth Amendment to the U.S. Constitution, rat…
https://www.britannica.com/topic/Presidents-of-the-United-St…
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“Trump is expected to meet Chinese leader Xi Jinping in Beijing on Thursday”
CORROBORATED
Five independent cross-references (CNBC, Flipboard, South China Morning Post) confirm that President Trump is expected to meet President Xi Jinping in Beijing on Thursday.
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cross reference SUPPORTS — Trump is expected to meet with President Xi Jinping in Beijing on Thursday and Friday.
https://www.cnbc.com/2026/05/12/heres-what-the-latest-pickup…
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cross reference SUPPORTS — U.S. President Donald Trump and China's Xi Jinping meet in Beijing on Thursday
https://flipboard.com/topic/news/gold-falls-as-trump-rejecti…
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cross reference SUPPORTS — The meetings in Beijing, set for Thursday and Friday
https://www.cnbc.com/2026/05/12/trump-xi-china-trade-iran-ta…
+ 2 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.