Volatility continues to rise. Investors rush to buy up Government Debt. That sends yields higher about i want to tell you again, i cant stress this enough, the economy is stronger than weve seen in years. The fundamentals are rock solid. You have earnings continuing to beat expectations across the board. So i remind he have up with, take a deep breath. Do not panic. Things will get better. If they go a little worse, hey, you have a heck of a buying opportunity. We have all stay lineup to break everything down on wall street. The government pass as brief funding bill to avoid a government shutdown. It leaving a whole lot of republicans pretty unhappy and some democrats about our ballonning national debt. I will speak with the white house director of legislative Affairs Mark Short coming up. First, get down to the nyse. Were in recovery mode, only down 156. Hey, nicole. Trish you hit it on the head. Some things are in flux. Inflation risings, a budget deal, and a market run up 8,000 points since election day. A lot of traders expected this pullback. But the volatility were seeing, dow is down 150 ins, loss of half of 1 . At our low we were down 500. At the high up 350. Today is no different over the last week or so since last friday. Trish, traders dont anticipate it will end. Looking for technical levels. Some people are trying to take profits. It has been a tough run. This is 10 , correction territory, 10 off the recent january 26 highs. For the week, exxon, 3m, travelers, cocacola down 10 to 12 roughly. The dow is down 8 , give or take. It is a fast moving market. Anything can happen here in these last two hours, trish. Trish dont go anywhere, nicole. Stay with me. We want you on the floor as we talk to bellpointe chief strategist david nelson and jeff taylor. I like the sound of your title there, jeff, digital risk, how much of this in fact digitallymotivated or motivated by computer algorithms because, gosh i want to point out were down only 88 points right now. Wild, wild swings. What is your take . You are right. It has some wild, wild swings. A lot is the Technical Trading but i think you nailed it at the top of the segment. Fundamentals of the economy are strong across all sectors. Im looking for buying opportunities in this market. Looking at a couple stocks, home improvement, home equities at a high for last 30 years. Lowes, home depot great buys right here. Financial sectors, big banks, post tax reform they have selffunding mechanisms to go ahead to get into consumer lending. Use technology for mortgages, credit cards, auto loans. Neil just went positive on the dow. Were back down 20. But we just briefly moved into the positive territory. There we go. Back and forth here, straddling the flat line, but, wow, what a compac after having been down significantly a short moment ago. Of course being up as we started this session. Green the red, green, the red on the screen. David nelson, what do you think of this volatility right now . I think jeff hit it an important point. What were dealing with right now is time compression. That is new for a lot of investors. 10 years ago, events over the last week would have happened over weeks, if not months. Today it happens in days, certainly hours. That is a new dynamic investors deal with. Time for the digital aspect of this. Algorithmic trading. It is not cause of the problem but certainly accelerates it. What were seeing right now in the market what we saw at the open, that is great. Lets see what we got trish see what we get at the close, right . It could get really crazy from here on out. Were only down 45. We crossed in positive territory. Nicole petallides, how much of this is basically traders saying, okay, my model was for very low inflation for this foreseeable future, and now things to what we saw last friday with the jobs report, 2. 9 growth in wages, also the atlanta fed thing, could get a five handle on gdp the first three months of the year, how much is this, whoa, i actually have to change my model now and factor in inflation . I think youre absolutely right. Whether looking at the atlanta fed that is certainly an aggressive gdp print but inflation directly correlates to Interest Rates. As rates rise that correlates across the board. I think people are getting out of equity as little bit. Taking some great profits they have seen. That is number one. Number two, people are looking for support levels. Then there are margin calls. People are leveraged in some of these platforms now they have been caught on the wrong side of the trade. What are they doing . Sell equities. Some people running to Government Debt like you mentioned. Trish Jon Hilsenrath was talking about that yesterday. A lot of people were betting against volatility. Turns out the bet didnt go so well, not at least for last few days. They have had to sell positions in order to cover themselves. That begets more selling. Youre looking at the vix right there, which is really measurement of fear. It is continuing to move higher at oneweek chart as you move there, off some of the highs we saw on tuesday, but still, trading at 35, thats big. I mean, i like it when the vix is down around 10, although this is certainly an exciting, an exciting market to watch. Dave nelson, what are you telling people right now . You know, there is a lot of people that very nervous because retirements are on the line and do they get out . We havent had enough calls or people concerned yet and that is usually the kind of capitulation you see at the bottom. Coming into the correction, were seeing flaws in the system, leverage we didnt understand was there, certainly some of Exchange Traded funds. Some are toxic. You can bet on almost anything right now. You have large Brokerage Firms selling tail Risk Insurance or black swan insurance to hedge funds out there. Some is being unwound. That is showing up in the system. That is creating volatility we havent had for such a long time. Trish wow. Well keep watching it as we watch a market off just 27 points. Thank you, nicole, dont go too far. We bring in moodys john lonski. Good day to have you here. Economy is good, right . Yes it is. Earnings are great, growing 18 to 20 this year. Trish so are people overreacting . Im saying to myself, the market is, looking at these wild fluctuations. Down thousands of points, just in the last week 1 2. And yet, were looking at strong economic growth. Looking at strong wage growth. Were looking at people fet jobs. How do you explain that . Earnings will be there. Were looking at stronger corporate balance sheets. We see the bankruptcy rate, default rate going down throughout this year. Theyre worried about inflation. My god, a 2. 9 yearly increase about average wage pales in comparison to the 199s. One time in the 90s we had average wage go up 2 to 4 but at same time core pce price index inflation fell from 3 to just under 2 . The correlation between wage growth and core inflation is proctor gambleally nonexistent. Trish youre telling me the fed may not have to move . They will try to normalize monetary policy. The market expect as fed funds rate something above 2 by end of the year. Big deal. Look at price of oil right now of late . Price of oil, now is under 59 per barrel. Not too long ago, it was 65 bucks per barrel. That is moving lower. If the price of oil is moving lower, it will be very hard to have much of a lasting acceleration by pce price index inflation. Trish see if we pull up a price of the dollar, yesterdays session, 24 hours ago was moving higher. Which you think was a logical move, right . The dollar should get stronger if fed is more proactive. In fact the economy is getting that much better. Where we had a problem 10year treasury yield got ahead of itself. 10year treasury yield came back down to 2. 6 , the market would steady, perhaps rise. Unfortunately looked at the jobs report. Looked at some industrial commodities, oh, my goodness, inflation is here. It will murder us. Well look at four rate hikes. Look at a fed funds rate hike, 3, 4 . I cant take this. Lets get out. Trish let me back up. You said we could have wage inflation. That is good for the economy. Doesnt necessarily translate into inflation for goods and services . Precisely. Trish lets fast forward then. Fed stays on course doing normal thing. Doesnt see a lot of inflation. Moves to get off of zero. Well, the market move higher. I can state confidence, if we do have the declining bankruptcy rate, if profits grow by 15 to 20 , if fed funds finishes year no higher than 2. 8 the equity market will be higher than it was previous year. Trish look at this, john. Someone is listening to you. Were up nearly 60 points on the dow, 75. It could keep on climbing here. How do you just algos dont listen though. Programs dont listen. That is one of the big problems. What is verying interesting going on now, you noted earlier the vix index is a measure of fear or risk in the equity market. Its longterm average is 16 points. It is now 35 points. On other hand if i go to Corporate Bond market, we have another measure of risk, junk bond yield spread. 500 points is longterm average. That spread is well under longterm average. It is below 400 points. Below average fear factor in Corporate Bond market. Well above average fear factor in the equity market this is crazy. I blame on algos. The Corporate Bond market is less i can are quid. They dont do Algorithmic Trading in the bond market. They do it in the equity market. Manicallified in this latest stress. Trish were blaming computers and robots. They pot us into a lot of trouble with subprime mortgages, the program or mathematical trish that is interesting not as active play in the Corporate Bond market. No. Trish good. Less liquid. Trish thank you so much. Were looking at a market that is up 40 points. So we are nicely moving into positive territory here. It is a rocky session to say the least. It could get even rockier. Dont forget it is a friday. Traders have to live with their positions over the weekend so what happens next . Do not go anywhere. Were live from the Financial Capital of the world here on the intelligence report. I will see you here in two. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp trish we are still in positive territory right now after a pretty rocky road up there 12 points on the dow. Next there on the dow 30, big board there, nike, american express, microsoft, all higher. A little bit in the red with merck and walmart. Home depot you see right there. Joining me with a look where were heading bullseye brief publisher, author, adam johnson, and peter tear. Good to see you. Havent seen you in a while. Good to see you too. Trish took us market craziness to get us back on set. What do you make of it. One thing i find really fascinating. We had all the information for the last year, markets still grind higher. All of sudden we have market capitulation trade. Now all of sudden or fed holding our hand. They have gone awol and quiet. Ive been very bullish, peter. You had been back and forth, round trips and played it pretty well i like what is happening in the fundamental economy. I think i agree on the fundamental economy. There is nothing wrong with the fundamental economy. If you look at markets, only back to where we were since thanksgiving this is not disaster for longterm investor. Anybody got behind the president since the election has done very well. I think were shaking out more complicated trades, volatility based strategies and complicated etf strategies. That is what is driving this. This is people getting stomped out and trading losses rather than anything wrong fundamentally. Trish that is good. We want a sound market. We want a market that is moving higher based on fundamentals. Not a sugar high from the fed. Not algorithmic trades on volatility or the fed. So would you get in right here, peter . Im Still Holding off. I would like to see more sense of stability. In this current rally were going is great. Were down 400 and up 400. This happening very little. I like to see this start news making sense. That is it when i want to get back in fully. Were not necessarily cheap right now but were not that expensive either. Actually i reran the numbers. Im using 155 bucks for the s p 500 this year. Which by the way assumes trish for earnings. You get the gain from tax reform. That means were trading 16 1 2 times earnings. The markets fall that much since we spoke couple days ago. That is pretty cheap, 16 1 2 times earnings. What happened to google an hour ago before i came over here to join you on set, google went under 1000 bucks. It is growing earnings at 31 . Trading 24 times. That is too cheap. That is what happens you take the market leaders down you spot value. That is what im finding. Trish a lot of value is out there. Oh, yeah. Trish one would think once the tax cuts kick in, Companies Realize the benefits of those. Our economy realizes benefits. Not just companies, but individuals receiving onetime bonus, pay raises. Im optimistic well see nice you turn in Economic Data into the second quarter. We have to sort this through and get rid of kind of these bad trades causing problems. Trish what do you think about what john lonski said about the bond market . Corporate bond market, junk is pricing less risk than the equity market right now in part because the Corporate Bond market is far less liquid so youre not able to play the volatility, vix if you would or other instruments. Is he right . I think he is right. We looked at this like stone pebble and ripples come out. Equities are directly impacted even some fixed income etfs but as you move to real bonds theyre fine. A company came to market, celgene, we were involved in the bond deal. Bond selling same spread and tighter as they were in october. This isnt financial crisis. There is not a credit crisis. There is a lot of calm going on. This is bizarre traders market. Trish this is what ive been saying all along, trying to remind viewers, dont get too worried about this. Ive seen crazy markets in my career. Oh, yeah. Trish 2008 was craziest thing i had ever seen, i felt that one coming. You go back to 2004, i felt that one coming. I can remember, i can remember looking at a house in San Francisco with my husband and they had these brochures on the kitchen table. Oh, boy. Just get oneyear arm look, what your payment will be. I looked at him, fine for you and me. Were sophisticated investors. We understand Mortgage Rate is not necessarily going to stay there forever but think of all the americans getting into these products. It really hit me. I was very concerned for a number of years before we eventually got to 08. There is nothing there thank you. Trish this is nothing that concerns me right now. You see i think that is part of the thing that is going on here, trish. We still remember what happened in 08. It was so scary. We cant believe we got through it but we did. You get 7, 8, 10 correction in the market, wait a minutes it is happening all over again. It is not happening. We know what that was. That was a credit crisis. That was meltdown because housing prices had gone way too high. Trish there were way too many loans out there. Too much leverage in the system. The credit markets were kind of broken. Just an awful situation. Were not seeing that. People are much more cautious. They remember lessons back then. Banking systems, the banks were in trouble in 2007 and 2008. They have corrected themselves. Issued a lot of debt. They sorted themselves out. We dont have bigger systemic risk. This is trading thing we fight through and return to what adam was saying. Trish were up 140. By the way as we started the conversation we were flat. We gained 140 points. People are coming in. Theyre spotting value. Trish yes, they are. But definitely its a traders market. So buckle up like i said. Thank you, peter, adam, good to see you. Thankthank you for coming in. Were looking at pretty wild swings here but as we also have been telling you the fundamentals of our economy are very strong. Well get reactions from white house director of legislative affairs marc short. Thats next. Ncial strategy. You still thinking about opening your own shop . Every day. I think there are some ways to help keep you on track. And closer to home. Im all ears. How did edward jones grow to a trillion dollars in assets under care . Thanks. By thinking about your goals as much as you do. Trish markets are up 152 points right now. It has been a pretty crazy day. It has been crazy week. Look where the dow closed last five sessions. We were down, we were down big on monday, 1175. We were way up on tuesday. Down just a touch on wednesday. But a big loss again on thursday. Now just today, show you intraday chart. Weve been all over the mulberry bush. We were down up, down up. Right now im happy to say were up. A big part of all this is the uncertainty regarding the showdown on capitol hill over the spending bill which finally ended early this morning. For latest go to blake burman at the white house. Blake, i would caution yes, some of it is the spending bill, but a lot of it is concerns about inflation and what that does to various algorithms that people are trading off of. It causes them to change them. That is in part why there is volatility. Full us in on shutdown that is shortlived. You have opinions across the market what sick at thatting place and why it is taking place. Here in washington this was one of the rare bipartisan moments in the sense that you had republicans, democrats coming together to get the massive spending package across the finish line, funding government through march 23rd, and 300 billion in spending, but listing the debt ceiling, or spending rather, for the next 13 months. There is also republicans and democrats coming together that in sense many were not like this at all. In fact 84 democrats, 83 republicans on capitol hill who voted against it. You can separate it into three different buckets. On one hand, president , republican leadership, funds the military, gives them money they were asking for, that they need. However there are also republicans on the right who say this is just excessive runaway spending. Then you have got democrats on the left who say they did not vote for this because it did not address the daca situation. The president summed all of that up in a tweet earlier today by saying, cost on nonmilitary lines will ever come down if we dont elect more republicans in the 2018 and beyond. This bill is big victory for our military, much waste in order to get dem votes. Fortunately, daca not included in this bill, negotiations to start now. Rand paul and nancy pelosi hardly agree on things up here in washington. They both voted no today. They had these recent vases. One of the things this bill does is going to add 500 billion in spending over a twoyear period. This bill increases spending 21 . Let the chips fall where they may but give us a chance to allay the fear that is in the hearts of these dreamers and their families. Reporter rarely trish is it everyone issue day around here. Today is no exception. At white house were waiting to see whether or not president will call for release of the democrat memo in the house intelligence committee. The response to the republican memo, very brief comments that the president made on camera, within about the last hour or so here he was asked about it by reporters, he said, quote, it is quote, going to be released soon. Were going to release a letter soon. That letter is important. We saw it last week. In the letter last week the president said for the republican memo, go ahead make this public. So we await to see in the letter, at some point later today or possibly even tomorrow if he will call for the release of the democrat memo or potentially not. Trish . Trish blake burman. Well be watching. Joining me right now for analysis on the budget deal and our economy white house director of legislative affairs marc short. Good to see you, marc. Thank you. Trish start withing spending deal, and i mention spending a lost fiscal conservatives dont like the idea were going to have to keep spending all this money. What do you say in reaction to that . Well, trish a couple things. Number one first and foremost we do face Serious National Security threats. In the budget passed last night, the caps deal it does provide the ability to fund the military to the level the secretary mattis said is needed to protect our country. So that is one of president s first priorities. He campaigned on a promise to rebuild the military but on nondefense spending we have similar reservations about level of spending there. At same time but president smutted a budget that will balance if 10 years. Congress dismissed the budget because they said it was too harsh. We understand the concerns of critics, we really do, we put forth a budget that balances. When fiscal yearended all congress has done passed one continuing resolution after another without resolution of this issue which continues to hurt our military. Do we fund our military when we have real National Security threats. That was a decision we made that was important for to us do. Trish im sympathetic to it. Your job, administrations job to keep us safe. You have to keep us physically safe and also have to keep us financially safe but physical is obviously a big concern. Were looking at market right now mark up 50 points t has been a crazy, crazy week. How do you explain . What are your folks saying in the white house regarding this volatility . Well, trish, you have more experience here than i will, let me give you the perspective, which is the economy is incredibly strong right now. Weve seen 3 growth last three quarters. Expectations of even higher growth this quarter. We have unemployment at 17year low. We have unememployment claims at 45year low. You actually see wage increases for first time in a decade. When you see that, there are naturally inflationary expectations. When that builds in into market, that assumes higher Interest Rates. Some people move assets into higher Interest Rates. There are national reconfiguration in the market. Youre seeing that sort of reshuffling of dollars happening right now but the fundamentals of the economy remain extremely strong. Were seeing stronger growth moving forward. I think youre reseeing reaction of inflation coming forward. Trish i would add in normal economic environment you want expectation of inflation. If i can buy something six months or year from now, cheaper than i buy it today, i will wait. That is much harder to come back at. Sorry, mark, go ahead. Youre exactly right. Keep in mind the eight years of Obama Administration we averaged 1. 8 gdp growth. It was miserable, the worst growth since the great depression. People have not seen any wage increases. First time were seeing that. Some inflation is positive thing. You have to keep it under control. There is the national resetting of the marketplace happening right now. Trish let moo ask you about infrastructure. Something will be on monday. Will that be delayed at all . What can you tell what it might look like . I dont want to get ahead of the president but monday is the planned rollout of the infrastructure plan. The president putting for the some of his plans in the state of the union speech. He talked about, campaigned on the need to rebuild infrastructure in america. I think that this plan you will see relies upon a lot of Public Private partnerships that we can leverage more dollars in invests repairing a lot of infrastructure inside of our country. Trish that is probably important, right . You have to do something rao reassure the fiscal hawks that youre not going to keep spending taxpayer dollars. We got 800 billiondollar infrastructure plan from president obama and it didnt do anything to help our economy or our infrastructure. It that point, trish, i think you also see the president lay out his budget next week. You will see deficits will decline over that 7 year period. Mick mulvaney is terrific at his job. He looks to find ways to cut spending. We Hope Congress will take the recommendations, put them into law. Trish marc, look forward to hearing about it. Thanks for having me on. Trish not just a wild week for stocks but commodities too. Next well have a live report from the cme. See you there in two. Trish weve been talking about stocks. Oil has just tanked, closing down moments ago, more than 3 . Look at that down below 60 a barrel. Jeff flock in the pits of cme. And even worse, trish, since the close, were now in the afterhours, were down to 58. 9 in the afterhours. So we have broken through 59 as well. Earlier in the session got almost to 58. Baker hughes with rig count. Up additional 26 rigs, so this puts further pressure on oil. It is not all about the stock market. It is also about production. I got, by the way, just, to show you, this is, were standing over here bit eurodollar options pit. This is essentially european Interest Rate options and this pit has been going crazy. It really has. Anytime you talk about Interest Rates, that is what is going on. Alan, you think, i want to get you on oil, but you think were at the bottom. You think we hit a bottom . This is how bottoms get built. If we close bottoms on the day, test extreme lows in s p futures which i was waiting for. We bounced straight up 70 points an hour ago. If gains hold that is how a bottom puts in. By end of session. How you end of session how you build a base and market cost stablize from here. Oil, just routed. Down 10 . Not as a result you think of two parts of it. The macro market meltdown contributed to it. The supply equation talked about all week. Were continuing to get numbers where supply is building. Talking about overtaking russia in 2019 with 11 million barrels. You had the rig count number. That hurts. We come back to the original breakout from december. We had double top at 59. We to that as markets often do. Trish i leave with you the graphic, this is the out months of futures. This is the next month, out months for 2019, down even more for oil. I dont know, doesnt have so much to do with the market. I think oil as alan points out, production and other reasons, oil could not be in for the great run it has been on. Trish thanks so much. Good to see you both. Joined for more on the markets with our very own charlie gasparino. You heard alan say this is how bottoms are actually built. What do you say to that . He is technical analyst, right . So i look at more fundamental things and i think from a fundamental standpoint, listen, im positive on the markets long term. I think Corporate Tax cut has to help, right . It has to. Trish should. Should help the economy. There is a, and when you help the economy you help gdp, you help productivity. That is what builds a firm basis for Earnings Growth and stocks to go up. There is a lag before that happens. And that lag is often the debate between people like David Stockman who came on neils show today, said what ive been telling the negatives, naysayers would say, this budget deal, on top of the tax cut is not going to produce the gdp growth that we need. It is going to blow out the deficit. Were getting higher Interest Rates and it will snuff out the market. Trish so David Stockman, lets back up let me finish the thought. Other thing people like me say, hey, the tax plan, there is some bad parts to it. I dont like what they did on personal side. Trish nor on the private equity. That was giveaway to their friend, but that is negligible for the, i dont think that hurts the economy. Trish i agree with you. Stimulative. Trish annoying. Annoying as everybody elses taxes go up, Steve Schwarzmans go down. Literally that Corporate Tax cut is trillions of dollars of stimulus. You know, i think it has to, at some. Impact postively to gdp. Trish that is what i was going to say. David stockman, i like david a lot, he is very concerned about spending he is wrong, not assuming what the Corporate Tax cut can actually do for the overall economy, charlie. Right. What he is saying, what a lot of smart people are saying well not get the bounce of gd president of growth to pay you have to get gdp 3 and above to start paying down deficit. Trish you have a lot of smart people, jamie dimon. Yeah. Trish i know youre not crazy about the at at that fed but they give a five handle. I take jamie over those guys. I say one thing. This is something that is not going to be very, very much wellembraced by our viewers. President trump had a lot to do with the fact that so much retail plowed into stocks at the end of the he endlessly touted the market. He should be touting the economy, his policies. Stocks go up and down. Often corrections dont have to do with fundamentals. They have to do with certain sectors are overbought, oversold. Trish you dont like him taking any kind of credit for the stock market, even though the stock market is barometer for growth . He should take credit for growth. What he did, basically signaled to a lot of unsuspecting people to buy stocks when they shouldnt have in january. Look at inflows to stock fund in january, when valuations were getting way out of control. Jim cramer gets, our former colleague, gets a lot of flak for hyping stocks, sometimes as he should. Never seen a president of the United States do what donald trump has done over the last particularly six months. It was pretty outrageous. He should talk about the economy. Trish he needs to see gdp. Did you see wage growth . 2. 9 . Every day he said, the stock market it is up, again. It is up again. Trish you sound like alec baldwin. Im imitating alec baldwin i imitating him. Barack obama didnt really do that. Trish fur watching stock market, dont forget where it was at the election. Its a fools game. Trish im sure there is a part of him kind of proud part of him is foolish . It is a fools game. Its a fools game. Trish wow i disagree. I actually think it is very good barometer for overall health. No its not. Not short term. Trish not short term. Hopefully investors think longer term. To tell people buy market, tax cuts have not impacted gdp yet, and corporate earnings, it is just crazy. Trish it is theoretically the market should move higher from here. Maybe. Trish once the Corporate Tax is in effect. Sometimes, theoretically, sometimes theoretically it doesnt happen. Just dont trish i would just say to a certain extent it is him, right . Telling people be real clear. We do not, you dont like stock touts. Trish all right. Charlie, thank you. Have a great weekend. Wait for my twitter to blow up. Trish it will. With a lot of guys with maga next to their name. Trish were heading into the close of trading. Things are looking good so far. But anything could change because this is a wild market and we have seen wild fluctuations. Were going down and talk to liz claman. She is on the floor of the New York Stock Exchange and she will tell us, oh, she has a good friend there, or she will tell us where were heading as we get into the final moments here. Thats next. Youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Fidelity. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Trish what a day, what a week. Were higher by 50 points right now. Looks like financials and tech. Looking at dow 30 if we can show you a shot. Maybe not. You have a financials, technology, moving higher. Well, not entirely because Goldman Sachs is actually in the red. Walmart in the red. Merck, united technologies. You know, investors are coming to grips with inflation that may be bigger than anyone expected. As well as volatility that is bigger than anyone expected. You have the fear factor, the vix above 35 this week. For more on what traders are seeing, how it will play out into the close because youre seeing these wild, wild swings, liz claman has been down at the close of trading all week long for the final hour. It could be another crazy one. It could be. Look who i have with me. Dont do my show, trish. He is always too busy. Peter tuck man. Trish tell, peter i said thank you. Where he is going . He has been here, trish for 32 years. I was four years old. He was four 1 2. But peter, compare this absolutely insane oscillating week to the past dramatic weeks weve had in your past . Look ive been here since 85. I was here in the crash of 87. Clerked then. Was here for brexit and trump election. This has been most exciting week weve seen here for a long time. Maybe 07, 08, those days were pretty radical. Right. The volatility is spectacular. Volatility is back in the market. You were asking this before where is it all coming from . I think fact january was outrageous peak in culmination of a year of up days and up market, up 7,000 points. And you know, individually a lot of factors that were seeings, unemployment, spike in yields, the wage growth and all those things individually, and Interest Rates, okay that being on the table, it has been around, that whole thing is talked about for a year. When it all comes together in one thing it triggers next week, give me one line, quickly. What is it going to be . Indeterminant. We dont know. Volatilitywise, absolutely. When you see a day where markets are up and down thousands of points intraday over periods of time, trading in wild technical moves, 200day moving average, buying and selling, it will be another volatile week. Peter tuckman, most photographed trader on floor of the New York Stock Exchange. He wont come on my show. Only comes on yours, trish. Thanks, peter. Trish we see him on cover of wall street journal. Always. Trish thanks to peter. Of course to you liz. Well watch the whole hour on edge of our seats, again, were following these markets as we head into the final moments of trading. Were up 100 points. Plus one young man shares his story what he is doing to bring joy to underprivileged children all over the world. We need a feelgood one after the crazy week weve had. Stay with us. Were back with more market coverage next. Yes i do. True or false. Type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. That cant be true, can it . Actually, it is true. And with Heart Disease, your risk is even higher. In fact, cardiovascular disease is the 1 cause of death for adults with type 2 diabetes and Heart Disease. But there is good news. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Thats good to know. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Isnt it time to talk to your doctor about jardiance . Absolutely. Ask your doctor about jardiance. And get to the heart of what matters. Trish all right. After a bad week for stocks, a crazy week for stocks, we wanted to share a little good news with you. I want you to meet wesley boone a College Student from indiana and the founder of gear going global, providing Sports Equipment to poor children around the world. He created the company five years ago when he was 16 years old and he saw kids trying to play soccer with trash and rocks. Wesley joins me now. Tell us what youre doing, wesley. Hi, how are you . Trish im good. So what are you up to . Im just, you know, in the studio. Trish i meant with your charity. Oh. So, yeah, with gear going global right now we are partnering up with sbd this weekend in greensboro, north carolina, and were collecting soccer gear out there, and thats about what were doing right now. Trish so youre providing equipment to kids that cant otherwise afford it, often in foreign countries. Where was the country that you met the kids that were playing sock or with trash . Yeah. So that was in thailand. Yeah, that was almost a year, a little bit over a year ago. That was the first country ive been able to collect gear for and actually travel overseas. Trish and then you were able to personally hand it out. Trish you work with the Jefferson Award Foundation and do a whole lot more to provide a lot of gear to a lot of kids. Thank you so much. We appreciate you joining us. We wish we had more time, but weve got a crazy stock market. Go to gear going global. Org, and we are up 29 points right now. Oh, goodness. We are heading into the final moments of trading, and if youve learned anything this week, you have learned that it can get pretty nutty in those final of 60 minutes. Right now were moving right back down the flat line after having been up pretty considerably throughout the last hour. So well see whether or not we can close out the week in positive territory here on this friday afternoon. A lot of investors dont like to have to sit with these positions over the weekend, so liz claman is going to walk you through it. Do not go anywhere. Liz has got you covered. Liz walk or run, trish, i mean, who knows these days. [laughter] we just ran in a circle, turned around, smacked into a wall and then bounced. Its a reversal of or fortune that literally just happened a couple of minutes ago. The dow swinging at breakneck speeds, were live from the floor of the New York Stock Exchange. Here it is the friday of the week that was one of the wildest in history. The dow right now turning negative for the moment and then straddling between up and down here, well just call it an extreme oscillation. But im going to call it flat for the second, and the russell 2000 up 3, the s p 500 up 2. 6 points or just a fraction of a percent. This wild swing in the market, its the sixth day in a row that the dow