CNBC Business News Update

Markets slid midday as investors tracked a hotter-than-expected wholesale inflation report and rising crude and gasoline prices. A sharp jump in producer prices and big vegetable cost spikes raised consumer price concerns. Discussion touched on tariffs feeding into retail costs and the slowdown in mortgage refinances as rates climb. Brief notes on upcoming earnings, jobless claims and March Madness rounds out the update.

Rick Santelli, CNBC market correspondent known for crisp PPI analysis, and Jim Cramer, outspoken market commentator from Mad Money, weigh in. They discuss a hotter-than-expected producer price index and surging food costs. They cover how oil jumped after a regional attack and how market sentiment shifted at the open. They also touch on Fed rate-cut pressure and notable retail and corporate moves.

Markets drift higher while energy names climb and several companies hit record highs. Crude jumps after a tanker strike near Hormuz and analysts flag key price levels to watch. Gasoline spikes to the highest in over two years, with concerns about consumer pain and inflationary pressure. Diesel and jet fuel highs are raising costs across industries as travel demand and fares shift.

Ed Bastian, Delta Air Lines CEO, on rising jet fuel costs amid strong travel demand. Gary Cohn, former National Economic Council director, on inflation squeezing consumer wallets. They discuss market movers, record highs for energy names, oil and gasoline price shocks, and how these trends shape spending and corporate revenue.

Kevin Hassett, White House economic adviser, offers a brisk take on U.S. economic resilience. Seth Carpenter, Morgan Stanley chief U.S. economist, breaks down how $100 oil pressures inflation and growth. Ed Bastian, Delta Air Lines CEO, explains rising jet fuel costs, strong travel demand, and why fares are increasing.

Markets rally as stocks climb while oil prices ease, with big movers like NVIDIA and Salesforce in focus. U.S. naval escorts through the Strait of Hormuz and supply concerns for Asia get attention. Rising gas prices and their effect on consumer fill-ups are discussed. Airline leaders urge lawmakers to fund DHS after TSA pay issues disrupted travel.

Michelle Caruso-Cabrera, former CNBC correspondent and CEO with sharp market takeaways on oil and conflict. Scott Bessent, a U.S. Treasury official weighing policy on Iranian tankers and supply. They discuss why oil prices pulled back, U.S. moves to boost global supply, and how markets are reacting as Bitcoin climbs.

Scott Besant, a U.S. Treasury official, explains how increased fuel shipments from Iran, India and China may ease supply strains. Michelle Caruso Cabrera, business commentator and market analyst, breaks down why WTI slid under $100 and what that means for energy markets. They also cover rising U.S. pump prices and how commodity moves are shaping investor sentiment.

Markets drift lower with the S&P down about 3% for the year and oil pushing near $100 per barrel. Discussion covers supply disruptions from Middle East tensions and security risks in the Straits of Hormuz. Reports highlight higher U.S. gas prices, a Q4 GDP revision, rising core inflation, and a preview of the Fed meeting and upcoming corporate earnings.

Markets slide as major averages turn lower and a leading tech name drags the decline. U.S. crude climbs back toward $95 a barrel after recent lows. Gas prices tick up overnight, with a national pump average highlighted. Inflation measures show mixed signals, while geopolitical energy risks and a downward growth revision raise economic concerns.