Closing Bell: Market selloff intensifies, CEA Chair on unacceptable inflation 5/11/22
b'Stocks logged another losing session, with the Nasdaq shedding more than 3% and the Dow falling more than 300 points, reversing an earlier rally. Ben Emons from Medley and Peter Cecchini from Axonic look for ways to protect your portfolio. Meantime, the latest read on inflation topped estimates once again \\u2013 with prices rising 8.3% versus last year. Council of Economic Advisers Chair Cecilia Rouse calls inflation \\u201cunacceptably high,\\u201d and outlines the White House plan to fight it. And ARK analyst Simon Barnett breaks down opportunities in health care, as Cathie Wood\\u2019s ETFs feel more pain in the selloff.'