Inflation Report Lifts Stocks, Oracle's Record High and AI, Apple Downgraded 6/13/23
b'With Wednesday\'s Fed interest rate decision on Wall Street\'s radar,\\xa0Carl Quintanilla, Jim Cramer and David Faber led off the program with a breakdown of the May CPI report, which shows consumer inflation cooled to its lowest annual rate in two years. The news lifted the S&P 500 and Nasdaq to fresh 52-week highs. Jim explained why he believes\\xa0people are making more money in this market than he has seen "in maybe...twelve years." The anchors also discussed Oracle shares hitting a new record high after the company reported a quarterly beat, helped by strong cloud growth and orders from AI customers. Also in focus: Apple downgraded by UBS to \\u201cNeutral\\u201d after posting a record closing high, Tesla aims for a 13-day win streak, plus a "Faber Report" on the FTC vs. the Microsoft-Activision merger deal.\\n\\n\\n\\nSquawk on the Street Disclaimer'