The word of the day is Inflation, with the CPI posting its biggest jump in 40 years. And yet markets aren’t selling off, and bond yields are actually lower. We’ll look at what the real story is here. Plus, can EV makers get the costs to make them down low enough to please customers AND bankers? We’ll explore. And, in today’s Rapid Fire: travel troubles, payment problems and the craze over Crocs.

Another tough day for Tech, as the Nasdaq sinks below a key technical level, down 10% from recent highs. Is it Goldman Sachs’ fault? The bank is now forecasting 4 rates hikes this year. We’ll get latest on the Fed & the fallout. Plus, it’s been one year since ‘Meme Mania’ consumed markets. We’ll look at the biggest winner & losers since then. And, J.P. Morgan Chase Chairman & CEO Jamie Dimon joins CNBC to discuss his 2022 outlook for markets, rates, Covid & more.