Closing Bell: Hot inflation print sends stocks on wild ride 07/13/22

Published: July 13, 2022, 8:10 p.m.

b'Stocks closed mostly lower \\u2013 but off their worst levels \\u2013 after another red hot inflation print showed prices rose by more than 9% in June \\u2013 the biggest jump in 40 years. Deputy Treasury Secretary Wally Adeyemo weighs in with the White House plan to combat higher energy costs. Meantime Netflix popped on news of a partnership with Microsoft for its ad-supported subscription tier. Analyst Mark Mahaney discusses the prospects for the stock, and the outlook for tech more broadly ahead of earnings. And Chevron CEO Mike Wirth tells Sara whether or not he thinks oil prices are heading for a renewed surge.'