NewsWare’s Trade Talk: Friday, June 10

BREAKING NEWS: CPI rises 8.6% in May vs. the expected 8.3%. S&P Futures slide as the market digests this morning's CPI release.  The yield on the 10-year Treasury is down about 1 basis point to 3.029%, while the 2-year Treasury yield rose about 3.4 basis points to 2.8455%. President Biden is scheduled to deliver remarks on inflation today at 1:45 pm ET. NFLX is off more than 8% this morning after Goldman downgrades the stock to sell. Oil prices are trading higher and Russia cuts its key interest rate back to the prewar level.