The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes. Those worries sent the S&P 500 down from an all-time high. Brent crude fluctuated around $100 as traders weighed a pickup in Iranian attacks on vessels in the Strait of Hormuz against resilient Middle East flows. Ten-year Treasuries bounced from session lows after a solid $39 billion sale, but yields remained near the highest since 2002.

On today's episode:

• Jeff Rosenberg, Managing Director & Portfolio Manager, Systematic Multi-Strategy Fund at BlackRock
• Jennifer Welch, Senior Geoeconomics Analyst for Bloomberg Economics
• Ed Ludlow, Host of Bloomberg Tech
• Dr. Amesh Adalja, Senior Scholar at Johns Hopkins Center for Health Security