Stocks closed near session lowers Thursday as investors await June CPI data, which is expected to once again show heightened inflation. Economists broadly expect the number to come in at 8.8%, and even though it's also expecting a high number, the White House said this week CPI will already be outdated as energy prices fall. Either way, high prices seem here to stay. Paul Kim, CEO at Simplify ETF, joins Closing Bell to discuss today's close, inflation, recession risks, and more.