$100 oil, PCE data, MLB valuations and more in Morning Squawk

Group 1: Trade and Economic Indicators - The U.S. has initiated 60 new trade investigations focusing on forced labor practices as part of efforts to replace previously overturned duties [1] - Hopes for interest rate cuts by the Federal Reserve are diminishing due to rising energy prices and inflation concerns stemming from the ongoing Iran war [2][3] - The upcoming personal consumption expenditures price index report is expected to show a 0.3% month-over-month increase and a 2.9% annual increase in inflation [4] Group 2: Corporate Developments - Adobe's CEO Shantanu Narayen will depart once a successor is named, leading to a more than 7% drop in shares during premarket trading, despite the company reporting a 12% year-over-year revenue increase and better-than-expected guidance [6] - Microsoft’s top Office executive Rajesh Jha will retire this summer after a 35-year career with the company [7] Group 3: Legislative and Market Developments - The Senate has passed the largest housing affordability bill in 30 years, although it faces challenges in the House where GOP leaders are unlikely to support the Senate version [11] - The New York Yankees are valued at $9 billion, making them the most valuable franchise in baseball, while the Los Angeles Dodgers are closing the gap with a valuation of $8 billion and $950 million in revenue last season [12][13]