CPI report, AI disruption sell-off, EPA rollback and more in Morning Squawk

▤ Summary

Markets retreated as investors rotated out of sectors they view as most exposed to AI disruption, dragging major indices lower and hitting tech names like Cisco and Apple hard. Traders are watching the CPI release closely after a series of delayed economic reports, while company-specific results pressured stocks—Pinterest plunged after missing revenue and guidance and Instacart gained on strong revenue. The EPA reversed its greenhouse-gas endangerment finding, a major regulatory shift with broad climate and economic implications. The note also highlights wider market context, including freight-sector AI tools stoking trucking jitters and elevated valuations for several NBA teams.

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