Closing Bell: Rollercoaster Ride, Jobs Jolt & Crypto Bull 7/8/22

Stocks struggling for direction following the stronger than expected June jobs report. Moody's Analytics Mark Zandi says the strong jobs growth signals a good chance of avoiding an economic downturn, but Fmr. IMF Chief Economist Ken Rogoff believes the odds of a significant recession remain high. Fmr. Fed Vice Chair Roger Ferguson says the jobs report and jump in wage growth ensures the Federal Reserve will raise interest rates by 75 basis points at its next meeting. Sequoia Capital's Pat Grady explains how the current market volatility is impacting venture capital deals and why he is so bullish on cryptocurrencies despite their recent collapse. And Telsey Advisory's Dana Telsey Levi's will remain a strong performer following its better than expected earnings. She reveals the other retail names she likes in the face of rising consumer spending concerns.