Markets Rally, Retail Sales Jump in June and Citi and Wells Fargo Spike on Earnings 7/15/22
Carl Quintanilla and Mike Santoli focused on what investors should make of Friday's market rally, sparked by data showing retail sales up a better-than-expected one percent for June -- and quarterly results from Citi and Wells Fargo, one day after JPMorgan Chase and Morgan Stanley disappointed the street. Leslie Picker joined the discussion on the banks. Also in focus: China's economic growth slows to levels not seen since early 2020, Pinterest shares soar on a report stating Elliott Management has taken a big stake in the company, oil prices rebound as President Biden heads to Saudi Arabia, a hearing date is set for Twitter's lawsuit against Elon Musk, plus a "flashback" featuring Carl and Mike.
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