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Detailed text transcripts for TV channel - CNN - 20210521:09:36:00

Work their way out of the system. investors have been worried about price increases for months. consumer prices in april rose 4.2% from a year ago that s the fastest inflation since the financial crisis. that increased concerns the fed will have to act sooner to stop the economy from overheating. those price increases are already here. big reopenings in the u.s., big reopenings in europe as well this week. new coronavirus cases at their lowest point in months there. travel also coming back in a big way just in time for the summer tourism season. scott mclean is live for us in london. scott, what are some of the biggest signs? you live there. what are some of the biggest signs that normal days are ahead? reporter: yeah, things are definitely looking up in many parts of europe, laura. cases are dropping, the pace of vaccinations is really picking up and things are on track for what might be almost a normal summer. case in point, in france, for instance, the cafés are reopening, th ....

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Detailed text transcripts for TV channel - CNN - 20210521:09:35:00

In that red hot economy higher prices and supply shortages are everywhere. inflation is what worries honeywell ceo darius adamcheck. the economy is doing a little bit better than people expect. it is it is actually humming along. i do believe we have to be pretty careful about unintended consequences which will be inflation. we are seeing fairly substantial inflation, it s definitely here and it s probably a bit more pronounced than most people think. he was speaking with my colleague my colleague matt egan. honeywell is the world s largest industrial company by market value so what he says really holds a lot of water here. makes everything from n95 masks and jet engines to quantum computers. says they are struggling to keep up with pricing pressure from lane for steel. fed officials do expect prices will rise this summer but say increases will likely be temporary as these supply kinks ....

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Detailed text transcripts for TV channel - CNN - 20210521:03:18:00

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