Stickier Inflation, Another Hat in the Ring, Retailers Rally 5/24/23

Stickier Inflation, Another Hat in the Ring, Retailers Rally 5/24/23

  • Af
  • Afsnit
    • 1119
  • Udgivet
    • 24. maj 2023
  • Forlag
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Afsnit
1119 of 1998
Længde
43M
Sprog
Engelsk
Format
Kategori
Økonomi & Business

Carl Quintanilla, David Faber and Jim Cramer began the hour with the markets; The Nasdaq suffered its worst daily performance in about a month, and the Dow was on pace for its 4th straight negative session in a row. During CNBC’s CEO Council Summit, David Solomon told the panel that he believes inflation is going to be “stickier and more resilient.” The anchors also turned to Gov. Ron DeSantis, expected to formally launch his presidential bid later tonight in a discussion with Twitter CEO Elon Musk. After the bells the desk hit a slew of earnings, including retailers like Kohl’s and Abercrombie & Fitch, which both rallied sharply on their latest results.

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Cover for Stickier Inflation, Another Hat in the Ring, Retailers Rally 5/24/23

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