SQUAWK BOX, WEDNESDAY 11TH MAY, 2022

Chinese consumer prices are up at their fastest rate in five months as rolling Covid lockdowns continue to impact production and supply. U.S. President Joe Biden has prioritised inflation as his top economic challenge as key data out today hints that price pressures Stateside could be finally peaking. The S&P 500 index and the Nasdaq are up but the Dow posts a fourth-straight negative session. Billionaire hedge fund investor Leon Cooperman says the market has not yet bottomed out. We hear from Finnish foreign minister Pekka Haavisto who says his country is fast-tracking NATO application, possibly moving as early as next Monday.