SQUAWK BOX, THURSDAY 12TH MAY, 2022

U.S. inflation slows for the first time in nine months, however the headline and core prints still come in above expectation. The Nasdaq suffers steep losses with Apple weighing. The tech giant loses its crown as the world’s most valuable company to oil behemoth Saudi Aramco. Strong Disney+ subscriptions fail to help Disney shares in extended trade after its CFO Christine McCarthy warns of softer streaming growth to come. And in autos news, VW CEO Herbert Diess has defended his call for a negotiated settlement in Ukraine, telling CNBC he is not putting commercial interests ahead of the human cost of the war.