We kickoff the final hour of trade after two days of gains, the markets are wobbling just a bit and green on the screen, but we also have red. Weve got the dow flipping between positive and negative. Its actually had a 250 i want tosca 280 point swing today from peek to trough and back to peek here and right now down 51 points and nas dc holding onto 26 points of gains. The s p down 2 points standing at 4,356. We need you to look at a live floor picture of the house of representatives right now. At any moment, the house is expected to gavel in for the day, republicans are hoping to be able to hold a vote for a new House Speaker, but the process for that vote is still at this hour a mystery. House majority leader Steve Scalise was the one selected over jim jordan by the gop caucus at a meeting earlier but its unclear at this hour how it will all play out. What is clear though is it is 10 00 p. M. In israel at this hour, and our fox news correspondents on the Ground Report the Israeli Ground defensive into gaza is imminent. This five days after Palestinian Terrorists attacked and murdered hundreds of israelis and the state Department Says its 22 american civilians killed at a festival in southern israel. Civilians. Now the northern part of the country has also been attacked, alarms are sounding, israeli home front command warning a possible infiltration by terrorists and in the town 60 miles south of lebanon, stay inside their homes and lock their doors a. Flight to safety and in no doubt in part to that rising bond yields and pronounced reversal and investors are snapping up the benchmark 10year treasury. The yield, which moves inversely to the price stands right now at 4. 59 down 6. 2 basis points. The lowest earlier it hit in the session was two week low and i believe that was i mark it had 4. 53. 4. 53 so as we look at what were talking about with the bonds, remember how last week the 30year yield suddenly spiked to 5. 05 . Since then a lot has happened. Obviously gee geopolitically ad exogenous events and 4. 729 for the 30 year. Youre looking at a 34 basis point loss here over just the past couple of days. The war in israel makes whats happening right now on the house floor and in the markets all the more crucial. Congressional members as we said, its really up in the air, but they hope to vote is later today to elect louisiana representative Steve Scalise as speak r of the house after Kevin Mccarthy was ousted on october 3 by a group of eight republicans that voted against their party. See on your screen, a live picture of the house floor. The mcellroys are coming in the members are coming in and now theyve called a recess at the moment. Why does this matter . Until they name a speaker, the house cannot conduct business and that business could include getting support as far as military and money to israel right now for it to protect itself. Joining me now live from capitol hill, republican congressman Michael Burgess of texas. Members voted for Steve Scalise from louisiana over jim jordan of ohio. The majority went to the no. 2 in the house, congressman scalise. May i ask, for whom did you vote and why . I voted for Steve Scalise, and we were fortunate to have two great people who are willing to step up and serving as speaker. But steve carried the majority of the votes, and its my expectation that well get on the floor of the house and confirm him as speaker with 217 republican votes. Liz okay. And will there be a vote today on the floor . There are a lot of questions about that, its still a mystery. Still a mystery. Kind of a mystery to me too. But i agreed to come on this show at 3 00 and knew the house would gavel n i didnt realize it was going to recess so quickly. Were good on time. Youve got as much as you need. Liz congressman, how important and how urgent is it that the republicans name a speaker . We understand from congressman mccallogh saying the first thing he wants to do is put up a we support israel vote. Theres now 400 members signing on, this is bipartisan, lots of democrats, lots of republicans. Is this going to snap happen . It should have happened and without a speaker, we cant gavel in and conduct a vote. Theres an odd chance it could be done by ewe unanimous consend this becomes hard, which is why placing someone in that speaker position is ever so critical. Did not know going into this what was go combined effect be happening this weekend. Going to be happening in weekend and makes the urgency that much more acute and we must get this taken care of. Liz this is obviously a horrific situation of were waiting to see exactly what congress can do, the president has for example told or the administration told u. S. Defense companies to expedite shipments of all kinds of military equipment, boeing has been a real standup here. Yesterday their stock jumped higher. I hate to put a dollar sign on it, but we are a business network. Its Good Business to help the one democracy in the middle east and boeing isnt the only one weve got raytheon, Lockheed Martin and General Dynamics and theyre all apart of this. We really want to see whats the government is going to do and on top of that, we are struggling under a huge amount of debt, and we know that there is a massive deficit and if today chris whaler, who is a fed governor, said its unsustainable. What would you agree to cut from the budget . The debt is unsus sustainable and unsustainable and led to impasse in the house and you see that the unit cannot recede from the world stage and the world needs us more than ever. I do need to point out that the house of representatives had passed a defense appropriations bill and a state and foreign operations appropriations bill, both of which have significant money for israel. They are sitting over in the senate ready to go. If the senate would pick up and pass our bills, they could be on their way down to the president for signature before the sun goes down today. Liz okay. Well, im glass its not just a mystery to us. Its a mystery to you. Please let us know if you can when and if there will be a vote. Just wave in front of the camera, well take you immediately, sir. Thank you very much. Thank you. Liz we are fair and balanced on the claman countdown, democratic congressman Brendan Boyle of pennsylvania here in just a moment. Well ask him about the House Speaker vote and the latest breaking news in the middle east. To the markets, they are dealing with multiple points of gravitational pull at this hour. The dow which early was 143 points at the high is now down 17. Its not just the war thats causing spasms in the bond market and stock market. We need to show you a very volatile trade in the 10year yield. Earlier the yield dropped to 10 yore low of 4. 45 and look around 8 00 a. M. , 8 30 a. M. And see the yield move way up on the floor and the Producer Price index and this is the read on manufacturing inflation came in hotter than expected and investors interpreting sticky inflation with the Federal Reserve keeping rates higher for longer. Tomorrow we arguably get the more important cpi, the Consumer Price index. Not sure how consumer inflation will look but the 7 pullback in oil prices this month that weve seen will not be factored into that report. Nor will the 7. 6 drop in wholesale gasoline. We got bignonias news from the oil patch overall, exxonmobil buying Pioneer Natural Resources and null stock deal valued at nearly 60 billion and that deal when completed will make the joint company the biggest producer in the perm indian basis. Investor cans remain tactically bullish or just go bearish until things settle down. Bring in for the floor show trader, slate stone chief Market Strategist kenny polcari. Can you do that . Im always a bull and tactically bullish because its so nervous and anxious in the market and to your point, we see bonds all other the place, treasury yields going up and down and conflict in the middle east causing anxiety in the market and reasons for people to say i cant stand anymore and got to get out. Its usually the wrong result. Thats the last thing you should do. What you should do is like i said to you when we were talking and look at names that you own and own for a reason and youve done nor homework and theyre in your portfolio because you like them and take advantage of names that are dislocated other than bisasset managers are raising money quickly and do it with app and will amazon because they can. They can raise money very quickly in those names and prices get dislocated because theres ending funneled wantly wrong and that understood wantly wrong fundamentally wrong and its ending badly. Liz people dont have the inclination and thats not just the s p but whole market. Total return. Liz s p total return. Right, gives you complete exposure to everything and its a total return on the stock market and gives you broad exposure and not your only position and one of the names in my portfolio that gives me broad exposure in addition to individual name and sectors but its always something i look to. Liz a federal governor, not chris whaler but Michelle Boman was more hawkish and changed her tune oh so slightly. Instead of what she said in the past that we still need multiple rate tightennings. We got hot ppi. Who knows what happens tomorrow. Thats right. Liz she phrased it differently, did she not . She did, and so did neil khashoggi and he was pushing for a 6 terminal rate and yesterday his comments were a bit on the fence as well, i made that point in my note this morning that if they changed their narrative from what it was, they were very hawkish and if they change, thats more important when thinking about what the fed thing is. The fed think now they made it very clear, i think that theyre going to still pause in november, which is a mistake. But i think thats the message theyre trying to send, which is why the market took off on the last couple of days but look what happened. Today theres a hot ppi number and s p rallied up to resistance and failed and backed right off. We remain in that 420, 45, 83 trading range and i think well test a bit lower again when tomorrows cpi comes in. In. Liz we get big bank earnings. On friday we start with the bank earning ands the banks will be in the when you look at 11 sectors and forth best performing sector this quarter but very interesting. You know, what a lot of people are looking for and analysts and strategists is whats happening with loan loss provision. Liz explain to our viewer what is that is. The Loan Loss Provisions is the amount of money the banks set aside liz just in case. In case people default. Liz the easy name, rainy day fund. Right. When people start to default on their mortgages or their credit lines or whatever. Its Loan Loss Provisions and well see, im suspecting youll see that number go up at all the big banks because jamie dimon said it last quarter is that, you know, theyre very corned going ahead whats going to happen. Liz what is happening right now on the global scale is a horror show. Horror show. I cant even process whats happening. Especially when you not only talk but see some of the pictures, i cant even imagine. I want to throw up. Liz yep. It is horrifying and right now with troops on the line, in israel, more than 300,000 and by the way, were getting lee vine in front of the camera and israeli founder of ways and was in the ids Israeli Defense force for five years and theyre all amassing because theyre not going to take this. Thats right and they shouldnt. Liz does the market react to these short term event s . The market reacts to short term events and chaos creates short term events but in the broader marketed and long term, gop political issues dont price stocks in the long term. But what they do create is short term opportunity. You saw monday when we saw what happened in the aerospace and defense and theyd been under pressure all year. They jumped big. Liz kenny polcari, our thanks to you. Pleasure to be with you. Liz up next, boeing speaking of defense names and other Defense Companies maybe rushing weapons to israel so the nation can defend itself but without a speaker of the house as we said, congress is stuck in place. As they wait to try to vote in a new speaker, will the democrats work with the new speaker and kickoff an into action. Weve got democratic congressman Brendan Boyle of pennsylvania to hear the other side. Thats next. Claman countdown is coming back and Dow Jones Industrials down 17 points to 33,721. Tourists in the power goes out and we still have wifi to do our homework. And thats a good thing . Great in my book who are you . No power . No problem. Introducing stormready wifi. Now you can stay reliably connected through Power Outages with unlimited cellular data and up to 4 hours of battery backup to keep you online. Only from xfinity. Home of the xfinity 10g network. Nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Congressman burgess say its a mystery to him when and if therell be a formal vote for a new speaker of the house. Hot house of representatives gaveled in 19 minutes ago and immediately went to a recess as it tries to figure out a path forward in its vote for speaker of the house. Right now there may be a breakthrough. Fox news is reporting that a source with direct knowledge says that Judiciary Committee chair jim jordan of ohio plans to vote for majority leader Steve Scalise of louisiana for House Speaker. Hes encouraging other members to dot same of course as weve been telling you earlier today. It was between jordan and scalise and scalise did win the anonymous gop vote and was nominated to the position. What are the democrats going to do, especially considering there are very pressing matters . Not just the budget of and the financial state of this country, but what is going on in the middle east. Joining us now, fair and balanced, democratic congressman from pennsylvania Brendan Boyle and Ranking Member of the house budget committee. Lets say they have a vote today for Steve Scalise, will you vote for him, congressman . Liz, great to be back on your show. Just to be clear, i would love to see a truly bipartisan path forward in terms of running the house. Unfortunately though the Republican Leadership whether its the past leadership or the now apparent current leadership, they seem very intent on just running the house in a very partisan way. Attempting to push forward with republican only votes. My sense is theyre trying to see if they can get to 217 on their own. If they fail to do that, then perhaps theyll be ownership to working open to working with democratic members like me. Again, id like to see a bipartisan path forward. The reality is we have a democratic senate, which is also closely divided and we have obviously president biden, a democrat in the white house and republican controlled house and its and unfortunately the last House Speaker didnt learn that lesson and kept attempting to appease his most strident conservative disdents and in the end werent will be to work with him anyway. Liz he worked with the democrats he lost his job because he worked with the democrats to keep the government running. We got to call things when we see them but, congressman, we know whats going on in the middle east right now. There is a great urgency to get congress to approve certain support, military support, financial package maybe. Theres a lot of question as to whether you, the democrats would pass a clean bill of just pure play money for israel without added money for ukraine and for taiwan. Is that something you could get behind in sort of the spirit of a, time running out for israel and b, a lot of money has gone to ukraine, not saying dont add anymore, but for the moment, could you get behind a single bill for israel . Just to be clear, i want to underscore before we move on the historic level of incompetence were seeing in the house. It is typically a guarantee whoever is the leader of the Majority Party automattly becomes automatically becomes speaker and it was more than 100 years it went more than one round of voting and the reason were frozen in the house of representatives right now is entirely because of the republicans civil war thats going on. It has real consequences. As you have pointed out, we have war in israel, we have war in ukraine, and we have to be careful about the defense of taiwan given the belligerence of the officials in beijing. I take a backseat to no one when it comes to iran, hamas. Ive been very vocal and frankly my voting record shows it in terms of the sanctions that i voted for, but lets be clear, russia and iran are aligned and iran sending russia drones coming to the brutal war of aggression in ukraine. Russia as been assisted iran in turn when it comes to syria as well as the assistance in other ways to the awful reseem in teheran. Liz absolutely. To be clear, this is the same war. Russia and iran truly are an ax israeli of evil. I dont axis of evil and i dont believe in helping one and not the other. Thats not in the interest of the United States of america. Liz treasury secretary janet yellen was specifically asked today if the 6 billion was not freed up but unfrozen for civilian issues. Would it be refrozen if theres found to be a direct link. There is more one to hezbollah and iran and hezbollah and to hamas. Heres what she said and i want your reaction. These are funds that are silting in qatar that are made available purely for humanitarian purposes and the funds have not been touched. I wouldnt take anything off the table in terms of future possible actions. Liz should we freeze that money right now once again . Just want to be clear in answering your question. First and foremost and happy and relieved to say absolutely no u. S. Dollars whatsoever have gone to teheran weather taxpayer or otherwise. What were talking about are funds that come about because the Trump Administration had approved oil sales several years ago. Those funds sat frozen in a south koreaen bank and now have been unfrozen and are sitting in a qatar bank. Nonetheless i have to say i am very open to ensuring those funds are from frozen. You might refroze and way back 7, 8 years ago i was on your show because of the time i was coleading an effort with the then democratic and republican leads of Foreign Affair Committee to push what was then the most strict sanctions regime on iran in congressional history. They are the single biggest state funder of terrorism around the world. So i am in support of frankly any measure that makes it more difficult for iran to carry out their terrorism. Liz that is good news to hear. Certainly as we watch the havoc thats rhe reeked in the middle east. Congressman Brendan Boyle, thank you so much for joining us. Thank you. Liz we are coming right back amies all this amidst all this, the ipo for birkenstock. Teeth sensitivity is so common. It immediately feels like somebodys poking directly on the nerve. I recommend sensodyne. Sensodyne toothpaste goes inside the tooth and calms the nerve down. And my patients say you know doc, it really works. bobby my store and my Design Business . 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Hes going to join the board of directors and last role was founding ceo of evernorth, cigna Health Organization and partners and walgreens up 1. 25 . Lets talk about kansas city kava hot ipoand Morgan Stanley m equal right to overweight. Investment bank cut price target on mediterranean chain from 45 down to 41. Its at 32. 35. They went public in june with a price of 22. The stock zoomed higher, peaked at 57 in july and lost more than half those gains. Ozempic continuing to excede expectations. The maker of the weight loss drug and diabetes drug said a trial has shown enough science of success in delaying progression of Kidney Disease in diabetes patient sos much so itll end the study early and full results expected durck the first half of 2024. Novonortis is good news. The kidney front pushing vieder has bad news and outset and all three moving lower from 17 to 21. Call it 22 for outset medical. Traders, look at this on the New York Stock Exchange floor, traded in their wing tips for sandals as best of my recollectionen stock made the best of my recollection stock opened at birkinstock openedd with a valuation of about eight and a third billion and cult following nabbed new members as well after the scam owe appearance it cameo appearance with pink birks in the hit movie barbie. Wearing from portland, oregon, to portland, maine, to santa cruz. The full extent of the bloody hamas attack on israelis and americans is becoming clearer every minute. Right now the death toll histories ton 1,200 on the israeli side. The founder of popular app ways starts in the Israeli Defense force and joins us next live on how the countries resilience could help overcome the biggest act of terror on its soil. My new everyone talks to liz podcast guest this week came out stronger after he grew up a refugee of the nigerian civil war and was schoolyard and at age 16 made his way to the u. S. As a trained pathologist and conducted whats called the autopsy that changed football forever. Dr. Bennett omalu played by will smith in the movie concussion tells his story and naming cte the chronic and traumatic injury he pinpointed while studying the brain of a former steeler. The harsh spotlight on the dangers of americas past time is one that encompasses courage and resilience and i want you to listen and let me know what you think. He confronts the nfl and doubtful medical communities to reveal the truth all while struggling with his own traumatic history. Download it wherever you get your podcasts. Were coming right back. Stay with us. The dow is toggling back and forth. Its now forth. Up three points. There are some things that go better. Together. Burger and fries. Soup and salad. Thank you like your Workplace Benefits and retirement savings. With voya, considering all your financial choices together. Can help you make smarter decisions. 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Secretary of state Antony Blinken departing for israel in the last half hour and on your screen the country said its formed an emergency unity government between Prime MinisterBenjamin Netanyahu and leader of the Opposition Party and this Alliance Comes as israel continues to pound gaza to root out hamas after the pal tin indian terrorist group ill Palestinian Terrorist groups killed thousands of civilians and 22 u. S. Citizens and 17 americans are unaccountable for and israel is fortifying and stocking up the how many times an sis pating an escalation in the violence and thousands of reservists stepped up to fight ahead ova ground offensive and war could have an overarching impact on israels economy and major concern for the country known as startup nation is what the fighting means for plethora of blossoming Tech Companies there. Ori levine created one and hes an israeli tech entrepreneur and the founder behind waze and served as developer of idf for five years. He joins us now on fox business. Uri, i need to ask you right off the bat, israel is executing the swiftest and largest mobilization in the entire history of this country on the border of gaza. When would you expect to see that offensive begin where they fight back against the terrorists . So, you know, i would start with realizing the magnitude of this massacre. So 900 people were murdered and slaughtered and they burned bodies, they decapitated people and their bodies, they decapitated them. This is terrible. This is i never seen Something Like that. This is way beyond just terror. This is someone that really wants you dead. Let me put into proportion what does 900 mean to israel and israel is a small place. 90 people when you take the population of israel and compare that to maybe the population of the u. S. , that means like 30,000 people, this is 10 times bigger than 9 116781167891 9 11. This is has big it is. Everyone knows someone murdered or injured or kidnapped and this is terrible. You know, i would ask you, what would you do if there would be terror attack on the u. S. With 30,000 casualties . Liz fight back. Do exactly what israel has done. Thats why its called the Defense Forces so we understand that. But when do you suspect that we might see that offensive begin . Right now theres still people kidnapped and we could like to try and figure out how what to do with them before massive attack is going to start. At the end of the day, you know, ive heard americans tell me the terms its the first time i heard that term a parking lot. Look, at the end of the day, they will come after you when theyre done with us. This is not something that we can actually have in this world. Liz they came after us on 9 11. The same people that hate israel. Its not the same group but same thing. At the end of the day, they dont want anything else beside to kill us. System of articulation liz the startup nation moniker that israel has is well deserved. Its unbelievable how many technological Technology Startups sprouted from the israeli soil and people wonder with everybody being called up and its required to serve in the Israeli Military for three years after high school, what is that going to do to the economy and to these companies that are now finding many of their employees, especially the younger ones who work at startups have been called up to fight. Hard time starts with people and end of the day this is hard time and end of the day, this is way stronger and the strength of israel is in its people. You can sigh today that a lot of israelis are either going into Military Reserve or helping or whatever they can do, part of it is technology and part is helping the injured, helping the families, helping everyone that was hurt and this is the length of israel, the people are eventually going to make way Better Future for israel. Look at the past, crisis is also a opportunity. Unfortunately this is a huge crisis. But i think that well end up with a way stronger israel than before. Liz attacked in 1948, 167 and wars go on. Theyre surrounded but they always seem to hold up and prevail. Really quickly because we have to go, the new site globes is reporting that paypal set up special operations in israel and have 300 people there but to identify and block links to gaza fundraising organizations that are trying to get through social media. How crucial is it for social media whether its twitter or instagram, tiktok to shut this down . You know, end of the day i dont think the social network can shut down any activities because the essence of them is that theyre open. Theyll find different ways to bypass it and this time its not about the media or the social media. This is about war. Liz founder of waze, our hearts go out to you, your family, and all the people you know who are affected by this. Thank you, uri. Thank you, appreciate that. Liz by the way, we want to let all of you know that fox corporations made a 1 million donation to the uja. Thats the united jewish appeal as they mobilize to provide urgent relief to those impacted by the atrocities the to make a donation of your own, see the qr code, hold your phone up and well keep up it for a second and scan it and go to uja website. Thats ujafed, fed, ny. Org. We are coming right back. Stay with us. This is Spring Semester at over 13,000 us school districts, which have become top targets for Ransomware Attacks. But theres never been a reported Ransomware Attack on a chromebook. Which is why thousands of schools like the fairfieldsuisun Unified School District switched to google tools for education. So they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. 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And theres no catch. Its free. We make money from ads, but they dont follow you around. Join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. Liz the Washington Post has announced plans to offer voluntary buyouts to staff in an effort to cut 240 jobs as the paper faces falling subscriptions and viewership since former President Trump left office. Lets bring in Charlie Gasparino live from washington, d. C. Charlie . Liz, this is not a story i like doing. I have friends at the Washington Post. That is kind of where im getting some of this information from. Theyre looking to cut 240 jobs or 200 plus jobs. Theyre offering a buyout to 700 people. The question who qualifies for the buyouts. The buyouts, if youve been there a while, the buyouts are kind of generous. Couple of years paid salary, cobra benefits. If youre there less, less generous as well. The question, liz, how did they get into the position despite rapidly deteriorating business metrics, and i will go through many solve those in a minute, they actually since trump left office, that is where this kind of began that is the interesting thing, donald trump was very good for the business of the Washington Post. Since he left office they increased hiring by 15 . If you go through the metrics, every single metric is off. Print advertising, web traffic down, web advertising down, web subscriptions down, print subscriptions. Were talking anywhere from 10 to 15 to 20 . Those are the numbers. It is quite, high as 30 on ad revenue. Theyre quite remarkable they had that type of business falloaf. You know a lot of people pointing fingers. The finger that i hear mostly is the former, the former head of the company, it is not jeff bezos, but the former head of the company, his name escapes me. Give me a second but he is the guy, guy named, what is his maim . Ah, here we go, fred ryan. He is the former publisher. Thats the person where they had a pretty rowdy town hall meeting today, liz. All fingers were pointing at him. The real question, what is jeff bezos going to do with the company, liz and you know, there is lots of talk internally he might sell it. We put calls in. He has not gotten back to us. One thing we do know that jeff bezos always made it very clear, he is billionaire founder of amazon. As we know he is not the ceo of amazon anymore. I believe he is the chairman, he made it clear he want this thing to run profitably. If it doesnt run profitably i guess everything is on the table. Interesting testimony by Caroline Ellison today, liz. One thing that kind of made me think, and this is where i think rubber meets the road, everybody is kind of under the impression that Caroline Ellison, sam bankmanfrieds former girlfriend, the woman at the center of implosion of alameda hedge fund. Liz star witness. Star witness who allegedly took money out of the ftx crypto exchange. Everybody thought they did this at the last minute, that is was some mad scramble. What she said today was really fascinating. We didnt do it at the last minute when ftx blew up later in the year, we did it early as the summer, we were being cooking the books, we were taking customer money out to make loans and buy stuff t was quite remarkable. That makes me think at least after june of 2022 going forward, guess what, that was taking money from peter, peter to pay paul, robbing peter to pay paul. That would leave the money Anthony Scaramucci got for his Highbridge Fund to funds he got his money in september. This is getting really dicey. I wonder what that means. Does that mean he will have to claw his money back . This is getting really crazy. If the theft began a lot earlier, that means a lot more people are involved because a lot more money went to those people along the way. Liz she cried on the stand. She has knot not yet crossexamined. Apparently still being spoken to by the prosecution. Well follow it, charlie, thank you very much. Speaking of claws, clawing back, we have a fat bear week champion. Online voters crowned 128 grazer as winner of the competition which champions browned bears of the park and preserve, chow down the salmon that run down the brooks and rivers montana. You know what is the champion, the treasury selloff. How is that for segue. Treasury losses past threeyears mount to the worst bear market ever, get it . 6 billion in assets under management, mainstay ceo, david kudla. What does that mean for the equity markets and the way you invest your clients money, david . The direction for bond yields as you said if we finish this year for a negative yield for, or a negative return for the u. S. Bond index, the aggregate bond index, third year in a row, been in a very long bear market, and really what this depends on is the fed. If the fed continues to raise rates we got an indication with ppi today that inflation may be still running a little hotter than we thought and we get cpi tomorrow which will be an important data point for what we think the fed might do in november. Do they raise again or are they done . Yeah. When theyre finally done well have, the rest of, the rest of the curve is not necessarily dependent on the fed but, it is a function of what we see going on in the broader economy. Liz we always start with, what are you buying . Let me say that you are significantly underweight small caps. Now i get to why and what are you overweight at this point . Yeah. So small caps just continue to suffer. It is the topic we just talked about. Higher interest rates, small companies, tend to depend more on debt and so their finance something affected by this meteoric rise in rates weve had. The fed funds rate going up 125 basis points and the rest of the curve rising as well. So weve been avoiding small caps. Theyre trading at a 22year low to large caps. We like large caps all this year. Overweight large cap, megatech which stocks im talking about. We also like for the income portion of our portfolio we hear people talk about, im buying duration, im buying duration, im buying duration. Well that hasnt worked. They suffered because of that, because intermediate longer term bonds are declining as rates go higher but on the short end of the curve with rates going higher we dont worry about duration. Duration is very short. It is about the yield which has very been very positive for us in the income portion. [closing bell rings] liz there is the closing bell, david, and we thank you. The dow managed to pull it out up 72 points. Tomorrow undefeated former pro boxer floyd mayweather, jr. Larry hello, folks,