Stocks Lower ahead of Key Inflation Data

Wall Street pulled back overnight as Hormuz tensions persisted and traders held fire ahead of Wednesday's US CPI report. Mark Gardner and Phil Deloughery unpack the overnight session — why breadth stayed positive despite index weakness, Iran's latest Hormuz stance, oil grinding toward $90, and Super Micro's stunning after-hours guidance. On the ASX, they preview today's major earnings slate led by CBA (the world's most expensive bank), recap yesterday's movers including Life360's 20% drop and Helia's buyback-fuelled rally, and discuss Inghams expanding bird flu lockdowns to all states. Plus: why coal stocks are quietly outperforming, the data centre-as-a-service theme powering CoreWeave and potentially Megaport, and what to watch in CPI tonight.