eFinder

eFinder

Home › Government Administration Changes › Article

Inflation jumps, Altman's testimony, Huang joins Trump's China visit and more in Morning Squawk

Cnbc · · 863 words · By Alex Harring
Government Administration Changes Corporate Governance and Legal Disputes US-China Trade Relations Economic Inflation
open_in_new Read the original article: https://www.cnbc.com/2026/05/13/5-things-to-know-before-the-market-opens.html

psychologyDetected Techniques

warning
Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
warning
Ad Hominem 70% confidence
Attacking the person making the argument rather than the argument itself.

fact_checkFact-Check Results

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

schedule Pending 8
check_circle Corroborated 4
info Single Source 4
verified Verified 1
help Insufficient Evidence 1
check_circle
“The consumer price index rose at its fastest clip in nearly three years last month, according to federal data released yesterday.”
CORROBORATED
Multiple web search results confirm the CPI rose to 3.8% in April and describe it as the fastest pace in nearly three years (or since May 2023).
travel_explore
web search NEUTRAL — CPI Core rose 2.8% YoY: the shelter index increased 3.3% over the last year. Other indexes with notable increases over the last year include medical care (+2.5 percent), airline fares (+20.7 percent),…
https://www.zerohedge.com/personal-finance/us-consumer-price…
travel_explore
web search NEUTRAL — If you're heading to the grocery store or buying some new appliances, you may notice a bigger hit to your wallet. According to the U.S. Labor Department, con...
https://www.youtube.com/watch?v=OnGYWB__EC4
travel_explore
web search NEUTRAL — The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
https://www.nytimes.com/2026/05/12/business/economy/cpi-infl…
check_circle
“The headline annual inflation reading came in at 3.8%, its highest level since 2023”
CORROBORATED
Multiple independent sources (CNN Business, Google News, CNBC) confirm the headline annual inflation rate was 3.8% in April and that this is the highest level since May 2023.
menu_book
wikipedia NEUTRAL — The is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is th…
https://en.wikipedia.org/wiki/The
menu_book
wikipedia NEUTRAL — The is the definite article in English. The, or THE, may also refer to:
https://en.wikipedia.org/wiki/The_(disambiguation)
menu_book
wikipedia NEUTRAL — A member of the Legislative Assembly (MLA) is a representative elected by the voters of an electoral district (constituency) to the legislature of a state government in the Indian system of government…
https://en.wikipedia.org/wiki/Member_of_the_Legislative_Asse…
+ 4 more evidence sources
info
“Energy prices rose 3.8% in April and are up nearly 18% from a year ago.”
SINGLE SOURCE
While sources confirm the overall CPI rose to 3.8% in April due to energy costs, the specific figures (3.8% monthly increase for energy and 18% year-over-year) are not explicitly detailed in the provided evidence snippets.
travel_explore
web search NEUTRAL — The Consumer Price Index rose 3.8% year-over-year in April, up from 3.3% in March and the highest since May 2023, according to the Bureau of Labor Statistics. Monthly CPI increased 0.6%, with ...
https://www.msn.com/en-us/news/other/april-cpi-jumps-to-38-a…
travel_explore
web search NEUTRAL — Inflation accelerated in April to an annual rate of 3.8%, the highest since May 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists ...
https://www.cbsnews.com/news/cpi-report-today-april-2026-inf…
travel_explore
web search NEUTRAL — Inflation surged to 3.8% year-over-year in April, hitting its highest level in nearly three years. The headline figure for the Consumer Price Index (CPI) was slightly above the forecast of 3.7%, drive…
https://www.advisorperspectives.com/dshort/updates/2026/05/1…
info
“The S&P 500 pulled back from all-time highs in Tuesday's session”
SINGLE SOURCE
The provided evidence includes general S&P 500 charts and a report on record highs, but does not specifically confirm a pullback on a specific 'Tuesday' session mentioned in the claim.
travel_explore
web search NEUTRAL — From its opening until August 2000, all stock prices on the New York Stock Exchange were quoted in fractional increments of eighths, based on the 17th century Spanish trading system's practice of usin…
https://en.wikipedia.org/wiki/New_York_Stock_Exchange
travel_explore
web search NEUTRAL — View live S&P 500 Index chart to track latest index dynamics. SP:SPX ideas, forecasts and market news are at your disposal as well.
https://www.tradingview.com/symbols/SPX/
travel_explore
web search NEUTRAL — Declining stocks outnumbered rising ones within the S&P 500 by a 1.4-to-one ratio. The S&P 500 posted 28 new highs and 30 new lows; the Nasdaq recorded 134 new highs and 119 new lows.
https://www.republicworld.com/business/sp-500-and-nasdaq-hit…
verified
“The producer price index for April is due out at 8:30 a.m. ET.”
VERIFIED
MarketWatch economic calendar evidence explicitly lists the Producer Price Index (PPI) release time as 8:30 am.
travel_explore
web search NEUTRAL — PPI (Producer Price Index). The monthly US wholesale inflation measure — the prices producers receive for their output — released by the BLS, often viewed as a leading indicator for CPI. Also known as…
https://damnpropfirms.com/glossary/ppi/
travel_explore
web search NEUTRAL — 8:30 am. Producer price index.8:30 am. Core PPI year over year.
https://www.marketwatch.com/economy-politics/calendar
travel_explore
web search NEUTRAL — The latest producer price index (PPI), which measures the prices factories charge, brings that possibility back into serious debate. China’s March PPI rose by 0.5 per cent year on year, ending 41 mont…
https://www.scmp.com/opinion/china-opinion/article/3352619/c…
check_circle
“OpenAI CEO Sam Altman took the stand yesterday in the trial of Musk v. Altman.”
CORROBORATED
Multiple independent sources (CNN Business, Google News) confirm Sam Altman testified in the Musk v. Altman trial.
travel_explore
web search NEUTRAL — OpenAI trial recap: Altman testifies he never promised Musk to keep company a nonprofit.Video: OpenAI chief Sam Altman says Elon Musk wanted control of company. 47 minutes ago. Save for later.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
travel_explore
web search NEUTRAL — OpenAI's CEO Sam Altman spent hours testifying on the stand today in the Musk v Altman trial. CNN's Hadas Gold breaks it down.
https://www.cnn.com/2026/05/12/business/video/sam-altman-ope…
travel_explore
web search NEUTRAL — OpenAI CEO Sam Altman arrives at the courthouse to testify in the trial of Elon Musk's lawsuit in Oakland, California on May 12, 2026.The trial is now in its third week . An advisory jury is expected …
https://www.dw.com/en/sam-altman-trial-openai-elon-musk/a-77…
+ 1 more evidence source
check_circle
“Altman — who, along with OpenAI and its president Greg Brockman, was sued by Musk in 2024”
CORROBORATED
Five independent cross-references from CNBC confirm that Elon Musk sued OpenAI, Sam Altman, and Greg Brockman in 2024.
compare_arrows
cross reference SUPPORTS — Musk sued OpenAI, Altman, and Greg Brockman, the company's president, in 2024, alleging that they went back on their commitments to keep the artificial intelligence company a nonprofit and to follow i…
https://www.cnbc.com/2026/04/30/openai-trial-elon-musk-sam-a…
compare_arrows
cross reference SUPPORTS — The billionaire sued OpenAI's CEO Sam Altman, along with the company's president Greg Brockman, in 2024 claiming they failed to keep the company on a nonprofit status
https://www.cnbc.com/2026/05/04/elon-musks-odds-of-winning-l…
compare_arrows
cross reference SUPPORTS — Musk in 2024 sued OpenAI, Altman and Greg Brockman
https://www.cnbc.com/2026/04/28/openai-trial-elon-musk-sam-a…
+ 2 more evidence sources
info
“Altman also testified that he was "completely caught off guard" when OpenAI's board briefly removed him as CEO in 2023.”
SINGLE SOURCE
While evidence confirms Altman testified, the specific quote about being 'completely caught off guard' regarding his 2023 removal is not explicitly present in the provided search results; the results focus on his testimony regarding Musk.
travel_explore
web search NEUTRAL — Samuel Harris Altman (born April 22, 1985) is an American entrepreneur who has been the chief executive officer (CEO) of the artificial intelligence company OpenAI since 2019.
https://en.wikipedia.org/wiki/Sam_Altman
travel_explore
web search NEUTRAL — OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence that he have complete control over a proposed for-profit subsidiary of the startup back in 2017.
https://www.arcamax.com/business/businessnews/s-4097093
travel_explore
web search NEUTRAL — OpenAI board members and executives testified about their qualms with Altman earlier in the trial, including what they described as his resistance to the board’s oversight and alleged dishonesty with …
https://www.cnn.com/2026/05/12/tech/sam-altman-openai-vs-elo…
info
“Nvidia last night confirmed that CEO Jensen Huang is among the slew of executives traveling to China for Trump's visit.”
SINGLE SOURCE
The evidence provided for this claim consists only of general Wikipedia and official site descriptions of Nvidia and does not mention Jensen Huang traveling to China for a Trump visit.
travel_explore
web search NEUTRAL — NVIDIA GeForce RTX™ powers the world’s fastest GPUs and the ultimate platform for gamers and creators. Enjoy beautiful ray tracing, AI-powered DLSS, and much more in games and applications, on your de…
https://www.nvidia.com/en-us/
travel_explore
web search NEUTRAL — Nvidia ... Nvidia Corporation[a] (/ ɛnˈvɪdiə / en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California.
https://en.wikipedia.org/wiki/Nvidia
travel_explore
web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html
help
“Trump, who moments ago landed in Beijing, said in a social media post last night that Huang was aboard Air Force One”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
schedule
“Trump said yesterday that Dr. Marty Makary resigned as commissioner of the Food and Drug Administration.”
PENDING
schedule
“Kyle Diamantas, a former top food official at the agency, will become acting commissioner.”
PENDING
schedule
“Health and Human Services Secretary Robert F. Kennedy Jr. made the decision to replace him.”
PENDING
schedule
“the Senate voted to confirm Kevin Warsh as a Fed governor”
PENDING
schedule
“The domestic box office posted $161.2 million in ticket sales over the weekend, an increase of nearly 88% from last year.”
PENDING
schedule
“For 2026, the box office has raked in just over $3 billion through Sunday, according to Comscore.”
PENDING
schedule
“"The Devil Wears Prada 2" and "Mortal Kombat II" led the pack this weekend, followed by "Michael."”
PENDING
schedule
“General Motors employees laid off by the automaker this week”
PENDING
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.