JPMorgan's Priya Misra: Higher oil prices for longer will drag on growth

Oil once again the big driver of the action gaining 5% on continued threats to tankers in the straight of Hormuz despite a release of reserves from IEA countries. Shares of Caesar is making a big move late in the regular trading session on a report that Tilman Fertitta is in talks to buy the company for $7 billion. That's about 34 bucks a share higher than a recent bid from Carl Icon.>> Well, the rise in oil prices has investors cutting their outlook for Fed rate cuts this year, predicting higher inflation ...