placed their buy on the stock and all the way down it looked intrigued and felt like it stopped going down. for me the main reason i want to point this out, this is no monopoly on brilliance, folks. no monopoly on acting good and this is something that i want everyone to sort of keep in mind as lots of people are now being advised, lot of individual investors being advised to take massive losses and load up on inflation protection and other strategies that may be a year from now will seem like it was an overreaction certainly in hindsight. as for today's session, i like this session a lot because we gapped open, knee jerk reaction, we give it all up and by all rights we could have been down a whole lot more. instead we found footing again and one session but i like the way it's going, liz. liz: that's so funny. i have a different take, charles. you ready? charles: yep. liz: this morning when the dow was up 652 points, we did not

think at the "claman countdown" we'd be kicking off the final hour by describing the trading action to you guys watching as seesawing but, yes, after surging at the open for a second day in a row, we have seen a couple of pronounced moments where it looked like maybe certainly with the nasdaq, which did dip negative, got a little wigly but right now we have green on the screen and dow up 230 and s&p better by 25 and nasdaq muscling higher by 36 and russell up 11 points, but we need to look at apple shares. they've turned pretty volatile dropping just minutes ago to the downside on a report from tech news site the information that says the company is cutting iphone plus 14 production. now, this is important. cutting. this is the not a matter of not boosting production but the original amount of production they were going to go with this report says will be cut. the report adds that apple has told at least one manufacturer

in china to immediately halt production of the iphone 14+ components while it is team reevaluates demand. it kind of coincides with some major headlines apple came out with just around noon. apple saying that it has introduced the next generation apple tv 4k with what we call a steve austin style bionic chip. we can rebuild him. faster, better. and a full blown ipad re-design with a padded price to go with it. that would be $1,299 for the 12.9-inch ipad pro model with wifi cell. also four new colors on the screen: blue, pink, yellow, and silver. get to the markets here. the dow, yes, you could say it's solidly in the green, up 183 points but look where it was at the open. that would be a gain of 652 points. you can see the dow inter-day around 11:43 a.m. eastern time

and didn't drop below the close and almost lost the entire chunk of the morning's gains and saw that nearly evaporated and right now up by 191 and by the way, those gains came on the back of several better than expected earnings reports and namely golgoldman sachs that reported higher than expected revenue profits and glaring asterisk and session high for goldman $324 and have it at $312 and change right now. look at the top of the nasdaq 100: some of the names are lucid, octa, and docusign and pandemic darling showing signs of life second day in a row. back to s&p up 23 point-blank layupses and the nasdaq, which is gaining as well as i showed you, they track that of the dow. see that dip around 11:43, 11:4.

that may be because of something deeper into not just goldman's earnings but jp morgan, citi group, morgan stanley, bank of america results. all of them on the surface but morgan had pretty good quarterly numbers and year over year drop in profits and in some cases, goldman sachs, morgan stanley, citi, wells, very pronounced and brings us to floor show and guest today of waylon capitol advisers and ryan payne of payne capital management. ryan don't look a gift horse in the mouth and doing favors digging deeper here. how do you view the markets? >> i think the marks are cruel. cruel all year and i have scars on my back so cruel. you'll get profit taking in here and a lot of investors are skeptical we're there and at the bottom. but my guess is here, we've had a lot of volatility. we are probably trying to find the bottom here and, look, at

this point it's about the raising rates and not raising rates. we priced in a pretty aggressive fed over the course of the next couple months. that's a lot of interest rate hikes beginning and my guess here is you probably have more surprises coming in the positive now not negative because we priced in so much doom and gloom over the last few months.

>> we could forget about 20 and 2021 because capital markets looked great in and record year of mortgages and now the opposite. the main street of the banks to the extent they have one is going to look good for the next year. really cheap money and their yields on their loans are going up fast. next year everybody is saying credit. what's going to happen to credit.

volatility in the markets going to be low thanks to jay powell and manipulated credit down. liz: ryan, what should the fed do? >> back off. i've been waiting for them to do it for months. the bottom line here is, look, we know inflation numbers were higher than expected last week but they're backwards looking. look on the ground floor, commodity prices have come down significantly and supply chain and shipping costs have come down and biggest part of inflation number is housing. we know that house asing is a bg lag. i'm going zillow and rents are coming down. liz: no, they're not. not even a little bit. >> not in new york. liz: no, not in a lot of met metropolitan areas rent is incredibly high but coming down only slightly and people find that at the end of the month, paying their rent, they cannot afford much else beyond food and gasoline. >> as home affordability goes down and fewer people buy homes

and will rents go up because it puts pressure on rentals? see what i mean. especially in urban areas. liz: what is the trade, chris? >> i go back to what our colleague said, the fed should stop by the end of the year if not next month. if you look at bond market and yields on fanny, freddy, jeanie, 8% mortgage by the end of the year. we have to shoot every other lender in the country before we can get accurate pricing on loans. people set loan coupons, bond markets set bond yields. okay, it's different. all these lenders are desperately trying to make loans in a declining market because they want to stay in business. but that means they're writing 6.5 and will lose money when they sell out loans. liz: ryan, what's your favorite sectors and what are you avoiding? >> with financials and talking financials, bank stocks trade dirt cheap and repriced a lot this year.

they're all very, very attractive here and one place and look at 15 a month and fast growing advisers in the country. liz: nice little one. >> i can't help myself, liz. liz: go for it. >> everyone still overweight with tech. tech was trading in the last ten years with low interest rates and cheep money and higher inflation, higher interest rates and tech is not the place to be and it'll struggle here and have to diverse your portfolio outside of that and that's the biggest mistake. liz: the nasdaq is the biggest laggard. energy, certainly earlier we looked at all sectors and up till the last half hour, they were all green. very strong and interestingly industrials and materials and energy had been sort of the big winner. we now have oil around $82 a barrel. that's interesting because it was $12.128. >> it's wonderful. think of three s sectors, asset

gatherings, raymond james and shwaab doing great. the 35 banks refuse to go down and look at dealers. you want to go shopping for quality now, for banks that lend money and who are going to expand their anymore, which we're seeing and that's the reason the results weren't worse, frankly. liz: don't throw out nim without telling us. >> net interest margin is not bad. getting pricing power. quantitative easing suppress lending so now as pricing goes back up, the markets are operating again and people want to make loans. liz: i appreciate both of you being here. both of you have your companies named after you just like they have the "claman countdown". >> that's right. liz: rock on with your bad selfs. great to have you both. thank you, gentlemen. >> thank you. liz: the federal reserve, sounding against the tide of inflation and ryan would argue, it's working and election day three weeks away and the balance

of power in congress hangs in the balance. former ubs ceo and robert wolf here to tell us how the pocketbook issues could lead to a flip in both the house and senate. we'll talk to robert in a second. closing bell ringing in 49 minutes and dow on gains of 239 points and "claman countdown" just getting started. stay with us.

liz: 20 days away from election day and both the house and senate are at risk of being overturned to a republican majority. fox news just released its new democracy 2022 power rankings today and forecasts grand ole

party to take the house in a landslide with the majority of 232 seats over the democrat's 203. but senate projections show it is still a nail bite we are a toss up of just two seats. democrats could lose the majority to republicans 49-5 is or hang ton o the slime -- 49-51 or hang onto the slim majority. abortion rights and crime but what does november # look like from here? bring in fox news contributor and robert wolf is the founder and ceo and chairman, robert, we're getting breaking news from roaders that says that early voting in georgia is at a record. what does that tell you?

>> first, congratulations on being the top show. you guys continue to crush it, so great to see, liz. liz: thank you. >> listen, the economy, inflation, number one topic but what early polling will show you is that politics is local. let's just take georgia and i've met with senator warnock numerous times. georgia has the lowest unemployment rate historically for that state. it has the most jobs ever at 4.8 million in that state. and the biden infrastructure plan is giving them over $10 billion for public transportation, for fiber and wifi. so you can argue that. they're doing pretty good from an economic perspective, not saying inflation doesn't hit everyone, it does. if you look at what's happening in georgia, things are going pretty well in that economy. i think senator warnock will keep the seat and i can say that in similar states, and i would tell you representfully i

dis-a-- respectfully i disagree with the fox pollster and democrats keep the senate and pick up a seat or two. liz: the latest polling shows that voter's top concern and this is no shock, but it is the economy, and high prices, inflation obviously. so then it's followed by higher crime rates, abortion policy comes in at 71%. this is what americans are extremely are very concerned about. gun laws, border security at the very bottom at least on this chart. go ahead. >> liz, we've been talking about this for two decades, it's always the economy. i'm not questioning it. liz: let me jump in, how do the democrats justify and say, well, don't worry about the inflation, it'll come down. gasoline price haves gone down but it's almost as if according to politico, gasoline prices peaked and they're down since

september and now they're ticking back up. >> talking about things you're doing and for example, gasoline was at the height at $5.05 on average throughout the u.s. and it's going the right direction and inflation h subsided and otr areas it hasn't. if you want hospitality and leisure during 2020 and covid, you were employed and now you're outperforming inflation on wages. everyone thinks about how the vote, you know, hits them personally. let's look at roe v wade. biden said today, that if we pick up a couple seats, they will look to codify roe verse wade. there's no question the dobbs decision is important in getting out the vote. i could easily argue in each state what could be most important. but the overaction theme is always the economy. that being said, jobs market is

on fire. the labor market is so tight, we're seeing wages go up like we haven't seen before. liz: the reason jolts -- the recent jolts number. this is job openings and labor turnover, 10 million open jobs so that is very much in contrast to this feeling that people have that the economy is not good, not going strongly. i want to just quickly get to president biden's approval rating. it has over the past three months ticked higher minute by minute, month by month. however, it's still not an attractive number. what do you say about that? >> it's up at 46% so it's the highest in months but i don't think people are going in to vote for president biden or not. that's just not 2024. this is 2022 and people will vote for what's important to them. there's so many issues front and

center that the idea that one poll will decide the future, i just disagree. you don't think it's great that we have a chip plan going into ohio where we have ev battery plant going into ohio and there's a reason trump won that by around 10 and tim ryan even with jd vance and i would tell you that politics alone we see that each and every time especially when there's a presidential election. liz: robert, something tells me he'd be back quite often between today and of course the election on november 8. thanks so much for joining us. >> thank you. great bank coverage by the way. liz: right. we got some smarty pants here. chris waylon and ryan payne. good stuff. thank you so much. general motor shares on the move as the company rolls out its answer to the rolls royce. if you thought gm's ev hummer was a must have, wait till you get a look at ev cadillac. we'll show you the sellest sleek

and eye eyebrow raising price t. this costs a lot of money. that's next in pop stocks. closing bell in 39 minutes and dow up 200 points. keep in mind, the high of the session a gain of 652 and nasdaq had been up 297 points, it's up just 21 at the moment. this is a work in progress, folks. we've got 39 minutes to watch it progress. stay tuned.

liz: dow jones industrials up 237 and nasdaq up 41 points and it did dip to the downside and lower by 6 point-blank layupses and higher by 29 and been a considerable swing. hasbro one of the biggest losers in s&p 500 at this hour down 3% after reporting weaker than expected earnings at this quarter and toy maker saying -- we should bring back ryan payne that said inflation is improving and the toy maker is daying -- saying it's dampening. ryan, get back in here. hasbro includes new -f, my little pony, play doe and more. it's struggling with high levels of inventory and hopes to work off as the scholl i ohio dale shopping season continues much

the gainer on the dow jones and might not thrill the sales force exec team. activist investor star board reveals a stake in the enterprise company and they focus on improving margins and sales force trades at discount due to a "suboptimal mix of growth and profitability". shares are up 4.25% for the year, year to date rather, they're down 39%. up three quarters of a percent and dan lobe sees hidden value in the hills pet nutrition and coalgate down 4% and intel is the dow disasser and reducing the valuation of the ipo and self-driving car unit mobilize. this was originally expected to

come in at roughly $50 billion valuation and now intel is determining that the ipo under $20 billion. in 2017 for about $15 billion and mobile >> will be one of the biggest public offerings of the year and 3% today and investors say i'm in and intel has a very attractive yield of 5.6%. maybe they're waiting it out. other news in auto space this, is a good one. general motors look an your screen, unveiling its $300,000 flag ship electric vehicle. this is the car that gm hopes will rival bentley and rolls royce and has been designed primarily as a way to boost cadillac's image. the auto maker's design boss mike simco is calling the vehicle a spaceship. a lot of the parts, more than

100 of them, are 3d printed so you can totally customize this thing anyway you want. this goes into production late next year, it's ev and gm shares up 1.6% on the session. we shawled take a look at -- should take a look at mammography equipment stocks up 2.6% and another maker of the machinery down 6.8% and there's a big push this october is breast cancer awareness month to get more women to the doctor for routine mammogram apts and breast screening is at 85% of where it was before the pandemic according to american college of radiology. gerri willis is here at fox square next to mobile mammogram van created to give more women access to life saving screening process and that number worries me because people were unable to get in for routine check ups on all different levels during the pandemic.

>> reporter: that's right, liz. and as a 6 year survivor, i could not be more excited to tell folks about the fact that fox has brought in a mammography units from mount sinai behind me here and we've been screening people all day and as you know, it's critically important and bringing the screening service to fox people instead of them having to go somewhere else makes a very big difference. now, i know you understand these screenings and the mammography and all of this has been on a slow down, particularly during the pandemic as you said 64% and even diagnoses is down and you expect it to recover out of the pandemic, we're down 15% on the screening and diagnosis, it's down 8%. you might think that's good news. it is not. that means we're missing cancer cases. now, when i started putting this story together, a lot of women

rallied around me and said they'd be happy to help. listen. >> a doctor tells you to go for the mammogram, go. it's very important. i believe it saved my life. >> choose a date every year where you get your mammograms and other screenings and do the same for your mothers. your sisters. >> it's the difference between life and death. >> reporter: important words there for sure. we also talk to healthcare professionals and they tell us, you don't want to miss even one year of screening because if you do test positive, at some point then your recovery and treatment all of that is going to be so much more difficult. it really matters. listen, liz, when i was diagnosed only six months earlier, i had had a clear mammogram and get tested spawn take girlfriends and mom or whoever. it's time to get tested, it's october. back to you. liz: absolutely.

absolutely. gerri, thank you so very much. gerri willis, folks, it-28 minutes before netflix proves it's turning around struggles it's having with falling subscriber both and one of the nation's top media analysts is here to tell us what she's expecting to hear from the original streamer and whether the new ad supported tier will be that crystallizing moment that turns things around. michael pacter joining us next. imagine being born to parents fleeing oppression. that's exactly what christina -- katrina kam pen had to do. she find a touch in the florida real estate mark.

wonder world project has given

me something that nobody else nobody else could. they've given my family there, grandma back.

hope you got the popcorn popping because netflix is set to report its third quarter results in just 22 minutes, and what could be an even more closely watched number than the top and bottom line is the company's net new subscribers after posting two quarters in a row of

subscription losses, which sent the stock down 59% year to date , netflix is expecting to add one million subs during the quarter. or at least during this past quarter ahead of the numbers, let's turn to wedbush equity research managing director michael pachter, who has an outperform rating on the stock and a price target of 2 80 . the stock right now is at 2 49 michael to the subs. what do you expect is going to happen here? i don't think much happened in the september quarter to reverse the trend, and they've been negative for a couple of quarters. so you know, a million is probably right, and i think they have enough levers to pull to make that happen. it'll probably come in between one and 1.5 billion. that's good enough eyes are going to be focused on u. s and canada and if that's down by 500,000 or more, that's bad. if it's less than 500,000. i think the stock moves sideways . more people are going to focus on guidance and if they guide to a sequential increase in subscribers expect they'll guide to three or four million.

that'll be good enough. and then we want to hear qualitatively. you know what does he had supported product mean? how do they expected to impact churn? what type of revenue to the expect from advertising? how many people are going to switch >> i think we'll answer those questions. liz: michael, what is your thought ahead of it? that's what i'm trying to hear because they've rolled out the price, $699 and they're said there'll be ads during the shows, not too many and before each show, then of course these ads will run about 15 to 30 seconds, four to five minutes of ads per hours. will that be enough to maybe bring some of the password sharing do wells out there to start paying? >> well, five minutes of ads, 30 to 40 hours a month of viewing and, you know, $50, $60 per thousand of views is enough. that'll add a good round about $10 a month so charging a

seventh of the subscription and ten from ad revenue that's more than they're getting at $1549. the more important factor is that it gives people who churn out an alternative. you don't have to quit. you can trade down. that's what we get with our cable subscription and our cell phone subscription and try to switch. they offer you a lower priced plan. netflix hasn't had the luxury of having that to offer. they have it now. so i'd expect you'd see churn decline and churn is literally in the 20-30 million a year range among the people they're going to offer the ad support in tiers and it's a big, big number f. you can cut that by 10 or 15%, that's 2-3 million net ads and that new subviber they're going to get and that's a big deal. it'll work that way and it's a guide to that. it's a shock with a great number. liz: what does the company needs to do as they -- instead of hovering at 50 feet and looking

at the ad supported tier and all of the churn to go up to about 50,000 feet and say, do we continue to spend billions and billions on programming considering 70% of the eyeballs come from the top 10 shows and maybe instead become a little more fiscally responsible, stop spending so much and focus on the real quality. >> that's the hbo model. hbo creates about 10% as much content as netflix and captures about the same number of emmy nominations and wins more awards. so theoretically 10% is much spend and about the same quality i'm sure. that's any nirvana and where netflixments to be. i doubt they'll cut by 90% and they'll do it gradually and cut the bottom 10% in a year or two and another 10% and take another decade to get there but that's it the right model.

liz: one of netflix's crown achievements is the show the crown. little controversy here and got backlash from former prime minister john major about the fifth season being "fictional" and quite bollack, whatever they use in inland. do you see any kind of movement on behalf of netflix from the show and it's been a huge wi winner. >> first ophiology, it's a sony program and -- of all, it's a sony program and they need to move away from third party produced originals and they need to do first party produced and some of those bigger hits like orange is the new black was l lionsgate and ozark was media capital and bridgerton they owned and they've been doing this for the last ten years and getting better and better and ground isn't one that owned and

you guessed nirvana owning everything and hbo owning every original tv show on the network. liz: the writers and get producers and do the hard work. we'll see if they step up to that. michael, last question, beat on the top bottom, one or the other or both? >> top line is tough because of currency and they record in dollars so if they made 10 pounds a few months ago, that was $13 and now it's $10. so it's going to be tough for them on currency basis but, yes, they should probably come in right in line on earnings. liz: good to see you. we're minutes away. so nice of michael to stop what he's doing in preparing to join us and give us the scoop here on netflix. we're watching the stock very closely and right now it is down just a bit here for netflix. credit sweiss looking to sell the u.s. management arm as troubled swiss bank seeks to fix its business.

charlie gasparino up next on potential suiters for this unit. closing bell 14.5 minutes away. you're watching the "claman countdown" and the dow is now up 315 points. ♪

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liz: embattled bank credit sweiss with a broad restructuring effort and potentially a major problem here. charlie gasparino. >> liz, this thing is kind of hard and we'll know more about the restructuring when the company announces it at the end of the month, october 22 i think it's supposed to come out and selling asset management and there's some headlines. by the way, that's an expensive piece of change, that parts. the problem is the prabble is with the invest -- trouble is with the investment bank and not asset management and not wealth mansionment. management. if you take the asset and wealth management, they'd be worth about $30 billion but the stock is trading at a total market cap of 11. liz: nice. that's horrible. >> it's dragging it down is the investment bank. the investment bank has a net

worth of nothing, valued at nothing right now. and maybe negative so that's why this is hard to, hard to value. people are asking me how much -- i reported earlier that they might spin it off or looking to spin it off and people are like, how much is it? it's impossible to know because of this. something is worth what someone else will buy it at. now, again, this is what we're hearing from investment bankers who bank financial services firms. the firm, credit sweiss looking at spinning it off and two interested buyers and they're canadian banks and kicking the tires from what i understand and more. liz: there's td bank and rnbc. >> maybe it's rbc too and the names i got were td and ribc and both companies making end roads into the market and they're in the process of finalizing the

deal to purchase cowen and company and not a big purchase less than a billion and td looking to expand in the u.s. and two banks interesting again and how do things are structured is anybody's guess and the separate unit getting investors in it and current management takes a piece and they are. they lost a ton in arcagos and other things. they've had five manager in ten years and they're just crazy stuff. liz: people are worried they're taking deposits out and this is the investment bank. not the credit wealth management and bank bank. the private bank. liz: aren't they all in the same family? >> they are, but they're going to -- that's why everything is worth $11 billion and not $30 billion right now. do they spin it out and allow investors? we don't know. clearly there are interesting parties and clearly this is

happening, and i think the good news here is that everybody thought that credit sweiss was a lee man moment and it wasn't. liz: you said it wasn't. >> we were the first to report that and same sources that gave me that are hovering around that. we should point out that goldman sachs making a transition here today basically and david would say something else and i like david solomon, good guy. nice, smart, honest guy, but he's spinning it a bit saying, you know, we haven't really given up ons consumer business doing this restructuring and layering the consumer businesses in other units. liz: he said it wasn't they cannot do what jp, they don't have the infrastructure to do what jpmorgan does on a consumer side offering products. it is not that easy to create. they tried to do it through the marcus thing, online banking unit. that doesn't mean they will get of marcus. marcus will be like a slush fund for them. this is what they do. they offer you deposits.

they pay you two. they lend out your deposits at four. they will do that. not a bad little racket. that is why it is crazy all these wall street investment banks that have banks fdic approved because they're not really, they're not really doing traditional banking stuff. they're doing stuff like that. liz: shipment solomon come on the show. >> i will ask him. i think he should. shows too much favoritism to those blokes -- liz: we're number one. >> we're number one. he has to get up early and look at joe kiernan's face. i'm only kidding, joe. joe is a friend of mine. we laugh at each other. we can rib each other. >> charlie, thank you. david, you're welcome on the number one -- >> that is friend of mine. he has such thin skin. jesus. liz: you do not? >> no. i'm like rubber and you're glue. liz: five minutes till the

closing bell rings. look at the gains. we're holding on. second day in a row of rally of s&p 500, blasting above 3700, now 3714. it was higher. a win is a win here. the dow is above the 30,000 mark by 493 points. blackrock, bearish on government bonds saying it will not offer investors much cover during a time of rising interest rates. and so, the world's largest asset manager now says it is underweight treasurys, but, our "countdown" closer is all about sovereign debt. joining us now, brandywine global's jack mcintyre. what is your thesis here on sovereign debt? >> liz, it has been a brutal year for treasurys. looking in the rear view mirror yeah it's been tough but you have to look towards 2023, peak inflation, slowing economy and i think treasurys offer value. there are a lot of different areas within the bond market that offer value.

the bond market, the math works for you, meaning finally we're starting to get a coupon in here, after very low negative yielding bonds but so that's the role that fixed income is supposed to serve in here. think about it, really looking towards peak inflation. i think bonds will price that beforehand. liz: tell our investment audience how you feel the best way for them to play bonds looks? >> yeah so i do think treasurys but i think in this environment you can start buying some high quality investment grade corporate bonds. we've been doing that. some of the money center banks. you can pick up additional yield in there. at some point in the near term you're going to want to start to think outside of the u.s. but we need to get the confirmation that the u.s. dollar is peaking. i think that is a 2023 story. liz: there is a way to do this, right? brandywine global opportunities bond fund, gobsx.

explain the skeletal structure of that. >> so we are a go anywhere global bond manager, meaning that we have the flexibility, we can go all over the global bond universe to deploy our clients capital to the best bond markets return potential. so it's, again, when i look at u.s. treasurys, that's probably in our universe of sovereign bonds, they have some of the most attractive returns. liz: wait, can we put that, can we put that back up again the foursome of the government treasurys. some of the percentages i want people to understand. jack, we have a lot of people listening on channel x m1 13 as they're driving. columbia, 14.5%. there is some risk here. how are they rated? >> that is the emerging markets part of the portfolio. we have the conversation early next year we'll be saying they had great return potential. when you look at the duration

contribution, they have high coupons. so the duration isn't overly risky right now but these markets have been beaten up, but no more than what we've seen in uk guilds and treasurys. this is not a em crisis we're going through. this is a global inflation crisis we expect to get resolution on early next year. liz: how does a strong dollar work into the picture here? obviously it is tough on emerging markets and tough on european countries as well. it kind of excuse the picture, does it not? when are you betting on with regards to the greenback? >> we're mildly underweight, anticipation of increasing that underweight next year. but you're right a strong dollar creates stress right now. it is tightening of financial conditions. we'll hear a lot about this earnings cycle. companies complaining about the strong dollar. it impacts their competitiveness right now. you're right, it creates stress, in some merge merge -- emerging

markets it is inflation problem. the everyone wants inflation fighting tool. right now the fed is benefiting from that. as it gets close to pausing that will be the turning point in the u.s. dollar. liz: finally quickly earnings for names like netflix after the bell, tesla after the bell tomorrow. what is your favorite sector beyond talking about sovereign debt? >> right now a little more conservative but high quality money center banks, jpmorgan, citi, bank of america. they have already reported right now. there were no negative surprises. as we get a little clarity on the inflation front we'll get more aggressive. [closing bell rings] liz: jack mcintyre, good to see you once again. s&p 500 closing above 3700 as the markets rally for two straight days. netflix earnings up next. see you tomorrow. ♪. larry: hello