**__ Diplomatt’s Daily Digest – April 13, 2022__**
Good morning and happy Wednesday! Stocks futures were higher in early morning trading as Wall Street tried to recover from a downbeat session following the release of key inflation data. Data released Tuesday showed consumer prices rose 8.5% in March from the previous year — the highest level since 1981 — further fueling concerns of tighter monetary policy from the Federal Reserve. However, core CPI rose 0.3%, slightly below expectations. Some on Wall Street saw this as a sign that inflation may be nearing a peak. The 10-year Treasury hit a new three-year high following the report, topping 2.82% before pulling back. Traders are also awaiting the March producer prices report on Wednesday for possible signs inflation is near a peak.

Quote of the week: „The secret of getting ahead is getting started.“ – Mark Twain

**General News:**
• Activist Blackwells Capital reiterates its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy.
• Delta Air Lines expects to return to a profit this quarter thanks to a jump in bookings — and fares — that is helping offset soaring fuel costs.
• Facebook-parent Meta is planning to cut up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, which is an integral part of the company’s plan for creating a so-called „metaverse.“
• JPMorgan Chase reports a $524 million hit from market dislocations fueled by Russian sanctions.
• Honda plans to invest around $39.9 billion in electrification and software technologies over the next ten years, with the Japanese automotive giant aiming to launch 30 electric vehicle models worldwide by 2030.
• Walmart announced it had tapped PayPal executive John Rainey as its new chief financial officer.
• Twitter investors who sold their shares in the 11 days that Elon Musk was late in notifying financial regulators that he’d acquired a considerable stake in the company have sued the Tesla CEO.

**StockTwits Top 10 Trending Tickers of the Day:**
1. SPY
4. AMC
7. QQQ
9. SST
10. BTC

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