Another hot inflation print this morning - this time, PPI:Carl Quintanilla and Sara Eisen broke down the state of inflation top of the hour - and what it means for the markets, the Fed, and your wallet - before getting Evercore Vice Chairman Krishna Guha's take on the action. Plus: all eyes on China as the President touches down in Beijing for a face-to-face with Chinese President Xi Jinping... The latest from Beijing this hour - and what the former Chairman of Morgan Stanley's Asia business thinks could come next. Elsewhere this hour: what a key resignation at the FDA means for an already underperforming healthcare sector... and why a federal pause of gas taxes might be hard to come by despite pain at the pump. Squawk on the Street Disclaimer