About this episode

The episode discusses the stock market's decline amid rising uncertainty and features insights on inflation and Oracle's earnings report.

Stocks selling off as investors digest the latest developments out of the Middle East, and the highest inflation read in over three years. SMBC Americas’ Chief Economist Joe Lavorgna lays out his take on the CPI report, and what’s in store for Kevin Warsh at his first Fed meeting next week. Plus, all the details from Oracle’s latest earnings report, Musk’s unique strategy for his SpaceX IPO, and how the NBA finals and World Cup combo are kicking off a sports betting golden age. Fast Money Disclaimer

People in this episode

Guest: Joe Lavorgna

Topics covered

• stock market
• inflation
• earnings report
• sports betting
• economic outlook

Keywords

• stocks
• inflation
• CPI report
• Oracle earnings
• SpaceX IPO
• sports betting

Mentioned in this episode

Organizations: SMBC Americas, Oracle

More episodes of CNBC's "Fast Money"

• SpaceX IPO Soars in Trading Debut… And Looking Ahead to Warsh’s First Fed Meeting 6/12/26 · June 12, 2026 · 43 min
• Stocks Surge On Potential End Of War… And Countdown to SpaceX Public Debut 6/11/26 · June 11, 2026 · 43 min
• A Decline in Chip Stocks Becomes Market Sell-off… Where Tech Sector is Heading 6/9/26 · June 9, 2026 · 44 min
• Headlines From Apple’s WWDC… And Will Markets Recover from Recent Pullback? 6/8/26 · June 8, 2026 · 43 min
• Stocks Tumble To Wrap Up Week… And Tim Cook’s Last Developer’s Conference 6/5/26 · June 5, 2026 · 43 min
• A Market Rotation Underway… And Reaction to LuluLemon’s Latest Results 6/4/26 · June 4, 2026 · 44 min

Explore listener stats, chart rankings, contacts and more on the CNBC's "Fast Money" podcast page.