CNBC Business News Update

Early market swings and index performance are unpacked with focus on what moves stocks and returns. U.S. crude oil drops after a Russian oil waiver and gas price shifts hitting consumers are explored. Inflation data highlights a hotter-than-expected core PCE metric and its implications for policy. Geopolitical tensions in the Middle East and a GDP revision raise concerns about growth.

Bob McNally, energy markets expert at Rapidan Energy, gives a short take on potential Strait of Hormuz disruptions. Mike Santoli, senior markets commentator, breaks down the steep market close and major movers. They discuss rising oil and gas prices, airlines and cruise lines feeling fuel pain, and which economic reports could steer markets next.

Joe Terranova, market strategist at Virtus Investments, offers concise takes on unemployment claims and surprising housing starts. Scott Wapner, veteran market journalist, breaks down oil volatility from Strait of Hormuz tensions and how jet fuel spikes are pushing airfares up. Short, timely market moves and what they mean for prices and yields.

Markets opened lower as worries over tanker attacks in the Strait of Hormuz raise oil supply risk. Analysts debate how long market disruption might last and potential knock-on effects. Rising gas averages and higher airline fares from jet fuel costs get attention. Weekly jobless claims ticked down and housing starts saw an unexpected uptick.

A quick rundown of mixed stock moves and what drove Wall Street today. Discussion of NVIDIA's modest gains and broader market uncertainty. Coverage of the IEA's unprecedented 400 million barrel oil release and rising pump prices. Notes on sticky February inflation and a look ahead to upcoming corporate reports and economic data.

Steve Leisman, CNBC senior economics reporter who breaks down inflation components and used car trends. Rick Santelli, market commentator adding perspective on price movements. Pippa Stevens, markets and energy reporter on oil moves and Strait of Hormuz risks. They discuss sliding stocks, rising oil and gas prices, the IEA’s massive release, limits of strategic reserves, and Oracle’s big quarterly beat.

Rick Santelli, markets commentator, offers sharp takes on inflation and energy. Pippa Stevens, markets and energy reporter, breaks down Strategic Petroleum Reserve moves and oil dynamics. They discuss inflation holding at 2.4% in February. They cover oil price reactions, SPR distribution limits, and an overnight jump in gas prices.

A fast market recap of a volatile, whipsawed trading day driven by conflicting oil headlines. Coverage of oil’s sharp jump and its impact on gas prices and drivers’ wallets. Breakdown of Oracle’s strong quarter, its AI partnership and TikTok stake. Quick look at housing sales trends, TSA staffing woes affecting travel, and a quirky McDonald’s Crocs product drop.

Market moves and why stocks rose while oil slipped. Why pump prices are climbing even as crude retreats. How higher gasoline could blunt spring tax refund relief. Housing data showing mixed sales and tight supply. Airport delays tied to TSA staff shortages. A quirky pop-culture tie-in with McDonald’s and Crocs.

Market movers and retail investor shifts toward NVIDIA and Tesla. Rising pump prices even as oil slips. Potential consumer behavior changes if gas stays near $3.50. Airline stocks struggling in Q1. Longer airport security lines due to staffing and shutdown issues. A quirky McDonald’s x Crocs Happy Meal collaboration.