Food, Fuel and Rent Prices Accelerate Inflation | Bloomberg Businessweek Daily 5/12/2026

Summary

The episode covers the April CPI print showing accelerating inflation driven by energy and food costs, with economist Stuart Paul advising caution on the data due to mechanical distortions in shelter. Jamie Dimon warns of excessive market exuberance, while eToro CEO Yoni Assia notes a retail shift from crypto to commodities. The show also discusses Boeing's strategy for a new aircraft and its ties to China.

• April CPI rose 3.8% year-over-year, the highest since 2023, led by higher gas and food prices.
• Bloomberg economist Stuart Paul attributes part of the shelter inflation spike to a government shutdown sampling issue.
• Jamie Dimon says there is 'a little too much exuberance' in markets given geopolitical risks.
• eToro CEO Yoni Assia observes retail investors rotating from crypto into metals and oil and gas.
• Boeing is focusing on an evolutionary new plane rather than a radical design, aiming for fuel efficiency.
• Semiconductor stocks fell sharply on the day, cooling the AI rally.
• The Senate confirmed Kevin Warsh to the Fed Board of Governors; he is expected to be confirmed as Chair later in the week.