Following that PPI number, a little bit of hotter to read on inflation. Rick Santelli joining us now from Chicago with the bond report. But again, I guess I'm a little bit vexed.That's a thousand word, Rick, about why we're not seeing a bigger move in bonds or stocks. Yeah. Well, that those are my deos.PPI hot claims tame. And the next one, limited treasury reaction to the data. And I could say limited market reaction.You've said basically the same thing. But guess what. The market has a big opinion here, f ...

🇺🇸 TODAY: The CPI data drops at 8:30 AM EST.How will the market react? https://t.co/JK0xvRtx2U ...

Let's start perhaps with the data side of things. Is there going to be a market fallout. It doesn't appear as though right now, but there is going to be a ripple effect and can we trust the data going forward.So, I think the next few days after you're seeing a considerable degree of surprise on Friday, you you very likely will see some market reaction. You're not going to solve this overnight because this is a revision off of several months of data. and the markets were caught by surprise in an environment ...

Futures are muted this morning. This after the US conducted strikes on Iran's nuclear sites for sight insights now on how this could play out in the markets this week. Want to bring in Jeremy Seagull, professor at finance at University of Pennsylvania's Wharton School of Business, also chief economist at Wisdomree.Good morning to you. I think there were a lot of people worried over the weekend about how the markets might react this morning. They seem to be reacting actually quite well.I know that you have b ...

right now. >> So whether they're less dangerous or more dangerous because you have a regime that's in peril, let's bring in David Zervos, Jeffrey's chief market strategist, to this conversation. As we mentioned, Halima is still here with us.So is Mike Santoli. David, I want to get your thoughts on this, especially given the fact that we are tonight, even though there are a lot of known unknowns, that tonight it is a muted response in stock futures and oil is higher but not surging. >> Morgan I think it's mo ...

For more on what's next for the markets, let's bring in CNBC contributor David Zervos. He's Jeffrey's chief market strategist. David, great to see you. Great to have you on.Um, what did you make of the market reaction. What does this tell us about the state of where we are right now in the markets. Well, Melissa, I I think you know, one, we're all trying to be uh, you know, armchair geopolitical analysts and none of us are particularly good at it.We lean on a lot of uh very talented people for their experti ...

With all that said, what do we make uh of the market reaction today. We had the typical bid for gold. We had the atypical uh lack of bid for treasuries and the markets hung in until Iran retaliated.Yeah. And it's it's amazing because a couple days ago it was like whoa, the VIX is grinding below. We're about to go south of 16 now.We're dancing, you know, up near 20. And and if you think about right, those inputs, I mean, the rallying gold. So, gold makes a fresh all-time higher right there around the May 6 h ...