Stephen Kates, financial analyst at Bankrate and certified financial planner, on cooling inflation, resilient retail sales and a strong earnings season

Stephen Kates, financial analyst at Bankrate and certified financial planner, joins Lisa Price to discuss June's Consumer Price Index report showing inflation cooled more than expected, easing pressure on the Federal Reserve ahead of its July meeting, though renewed Middle East tensions are already pushing oil prices higher. Kates also breaks down retail sales data showing consumers remain resilient despite financial stress, with annual sales growth of nearly 7%, and explains why second-quarter corporate earnings are beating expectations by more than twice the recent average with the broader market increasingly driving growth beyond the Magnificent 7.