Closing Bell: Downbeat data and hawkish talk sinks market, Jack Lews economic outlook, Snap CEO talks user growth 2/16/23
The major averages gave up a failed comeback attempt following downbeat inflation and housing data, and hawkish fed talk. Former Treasury Secretary Jack Lew discusses what he sees in the economy, as some numbers show resilience while others show cracks. Snap CEO Evan Spiegel joins for an exclusive interview on the back of the company\u2019s investor day presentation. Analyst Colin Rusch breaks down a big selloff for Tesla, after the automaker recalled more than 350,000 vehicles over self-driving software concerns. Plus the latest on crypto\u2019s strong week, Shopify\u2019s drop, and Labcorp\u2019s CEO on post-pandemic plans.