Stickier Inflation, Another Hat in the Ring, Retailers Rally 5/24/23
b'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\\u2019s CEO Council Summit, David Solomon told the panel that he believes inflation is going to be \\u201cstickier and more resilient.\\u201d 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\\u2019s and Abercrombie & Fitch, which both rallied sharply on their latest results.\\n\\nSquawk on the Street Disclaimer'