1. Fed's Goolsbee expressed serious concern as inflation is moving in the wrong direction, particularly in the services sector, calling the latest CPI report "not much that's good".
2. Crude oil prices jumped over 3% amid heightened geopolitical tensions and an EIA report projecting a $20/bbl price spike if the Strait of Hormuz closure continues.
3. Shares of Brown-Forman (maker of Jack Daniel's) declined after the company reportedly rejected a $15 billion cash takeover offer from Sazerac.
Fed's Inflation Warning, Oil Surges on Hormuz Tensions, Major Takeover Rejected
