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>> southwest airlinings plans to return to minimal disruptions and some bags in des moines have more to say about that. first start with lydia hu looking at biggest business headlines. lydia. >> hey, edward. we're see ago rally across the markets but digging deeper into how some of the bigger companies are doing and shares of disney are actually hitting some of the lowest prices in eight years. those losses are wiping away gains that were made during the pandemic. disney is one of several media stocks and marketing has

weakened and worner bros discovery hit a weekend low and paramount and comcast tumbled to benchmark this is year and now if you think back to the last holiday season, you may remember that the hot holiday gift was a virtual reality headset, but this year if seems the craze has cooled and it's burning meta and the company of social media platforms pivoted from ad-based business model to the meta worse and powered of course by virtual reality and augmented reality and sales of vir shul reality heaheadsets and augmented headss are dropping by 12% by some estimates and could be concerning for mark zuckerberg whose bet has not panned out the value of the company's stock has

plunged by more than 60% since the start of the year. finally let's pivot to tesla. it's rallying today. you can see here up about 6.5%. at the moment this comes amid a rough end to the year for the electric car maker and value of the shares has dropped about 68% this year on concerns about a recession and weighing demand for electric cars and elon musk's acquisition of twitter and looking to next year, edward, there's a lot of interest from investors about whether twitter will be a distraction from tesla and tesla stock also took a hit earlier this week on reports of the production halt in a plant inching high, edward. edward: thank you, we might need more dancing from muskberger and thanks, lydia, appreciate it. stocks higher today and wall street attempt as year-end rebound and luke lloyd and john

lonski are here. luke, i want to start with you. 2023, will it be any better for the markets? >> sadly, no. i think the next six months at least will be a lot like the past six months and you'll have the same bear market bounces and the key take away we're in a bear market going lower and some sort of recessions in 2023 seems to be the consensus view right now. what's up in the air is how deep that recession will be. so since the recession seems to be so visible, there's a lot of people hedging their possessions right now in the stock market. since anybody knows about the recession there won't be one and a contrary hedges on the market and not a shock and big drop

like the covid crash and it'll be the exam same slow drawn out cuts and bruises adds up to being pretty bad. >> the grinch visited you last week. edward: john, you're a big picture guy. >> we had great conversation. edward: yeah, big picture guy looking at the market and what sectors do you believe might show growth in 2023 as we look at this rocky economy going forward? >> well, we could go with the basics and consumer staples down only 3% and healthcare down only 3% and maybe there's upside to catch it there despite the high likelihood of the recession and then in turn could look at sectors and got beaten down in 2022. high-tech is the nasdaq down 33% and consumer discretionary, that would include retailing autos in the like and that's been down 37% and perhaps there's some

hope but my bee opinion is thers no broad based upturn till we have a recession and with a recession we will have a change and a direction of that policy we'll go from monetary tightening that's higher interest rates to monetary easing and that means lower interest rates. in other words, it's either purgatory or hell until interest rates change direction significantly. edward: john, real quickly, are you talking about the fed predicted possibly two, three rate hikes next year and smaller size and are you saying by the end of the year we're seeing rate cuts? >> yes, i am. this is the message we're now getting from the treasury bond market. market where we have the ten year treasury yield about 3.8%

that's under the two year yield about 4.3% in the federal funds rate at 4.38%. in fact i found this to be shocking and looked at recent surveys from bloomburg and blue chip financial and what the consensus is predicting and this is getting the average view of about 40 or 50 economies that -- economists that they watch and we will have what's called an inverted yield curve lasting until at least the second half, not of 2023, 2024. that means recession, slow growth and ultimately the fed has to drop fed funds significantly and halt its path of reduction and holdings of treasuries. edward: yeah, luke, i want to zero in on disney with you just quickly. bob iger has taken over again

and disney at a record low or near it, it may be up a bit today, near a record low and is disney a buy right now? under bob iger, that stock saw 150, almost 200. >> yeah, i don't think it's a buy right now. i think a lot of stocks including disney are too expensive giving the environment we're about to enter next year and the future of growth projections and there's a reason why the stocks are down and there's good value and disney with the woke culture will -- have got themselves in trouble over the next couple of years and a lot of people are refusing to go to their parks, which is the main driver of the revenue. i'm concerned about communcommunications and tech ss heading into next year and there's a difference between the biggest risk of 2023 and most likely risk. not saying in is the most -- saying this is the most likely risk and the small possibility of it happening and biggest risk of them all is a credit card crisis and -- credit crisis and consumer falling to their debt and snowballing into companies

to fall on their debt as well and a lot of companies overleveraged themselves in the past decade because of low cost capital and some have never omitterred before a recession and disney omitterred in a recession and a lot of -- edward: is that going play a role as fed increases rate and is there concerns for dominoes to fall here? >> that's probably true and yesterday we had a big jump by junk bond yields and greatest risk of default and we will be looking at a significantly higher default rate, higher interest rates on loans to more marginal business credits than household credits once that

recession strikes. got to be refinanced and some companies not able to do so and as a result they could just cease operations and that would be a company buy with layoffs. edward: luke and jon, appreciate it and you haven't crashed the markets as of yet today. it's a good one. appreciate it. southwest issuing a second apology facing growing scuteny from customers and officials in washington. mike tobin at chicago's midway airport, a southwest hub and travel purgatory. hi, mike. reporter: well, certainly has been a luggage purgatory and still is. get this, i've got good news for you for the first time since we started this whole mess. southwest has announced they're going to lift the ticket limit and resume normal operations, they promise with minimal delays and disruption tomorrow. this could be the beginning of the end. doesn't mean all the ugliness is

gone. if you look behind me, this is the line of people trying to get into southwest baggage services and track down the bags that are missing. if you look -- we talked about yesterday and baggage purgatory and bad bags were sent to linger in anguish. they have actually been moved to a hanger, they're not necessarily reunited with their owners but the bags are gone from here in baggage claim and people are getting them back. not necessarily back at original destinations or back with owners. you still have flight cancellations and if you look at board. domestic flights entirely, 2471 canceled and 2361 of those are southwest flights. so southwest is still hung up today if you're southwest passenger, you're still dealing with the anguish but look at tomorrow, they're projecting that to drop to 39 flight cancellations so minimal disruptions, promise now from southwest airlines as they promise to drop or resume normal operations and still you have management at southwest offering a public apology.

>> making things right and expectations fell shorted of us. we're continuing to make this up to you and you'll hear more about that soon. for now we're focused on restoring the reliability and level of customer experience we expect of ourselves and that you expect from us. reporter: all of the meme trapped across the country spending money they hadn't budged on hotels and meals, they're just worn out from the meltdown of winter storm 2022. >> i mean i don't have my medicine, my medicine, my charger, my everything that i have, my perfume. all my personal stuff is in the suitcase and there's some presents for christmas. >> my concern really is one of my bags is all christmas gifts s and i want that back. >> it's been a nightmare. it really has been. no doubt about it.

reporter: no figures for the amount of bags lost and found or reunited with the owners and employees are scrambling to make sense out of the chaos and order out of the chaos and they plan to start normal operations again tomorrow. edward, back to you. edward: be honest they moved the bags so you couldn't show them in the back of your live shots. mike tobin in chicago. recovery underway in buffalo after the devastating historic blizzard left 37 people dead and robert ray is in buffalo. have we started the thaw? reporter: good morning. the snow removal in full force and these are front loaders pushing all of the snow off of these str streets and south bufo about three miles away from downtown and what happens is

look at this, they'll push and meet in the center one pushes another into the next and dump into the trucks and try to get off of the roads and this road earlier today where i'm standing, you couldn't even walk. look at that. that's what i'm talking about. they push it and it's like a choreographed symphony out here and each street, residential street takes on hour+ and over 100-inches since mid november and a tremendous amount of winter activity here and hard to keep up with and now the travel ban lifted as of last night and people able if they can get out of their street to get to the grocery stores and get medicine and food and get to work and nearly a week after this system came in. you think fortunately 39 people have lost their lives according to officials as you hear all the

noises. this will continue throughout the day and the temps going to increase and the thing is, guys, what they're worried about is potential flash flooding and some of the snow melting and going to people's basements and yet another potential issue. buffalo just cannot, cannot catch a break. hopefully '23 is a better year as they move these unite piles of snow. this is not easy to run one oval window these and watching these guys for hours. tough job indeed. back to you. edward: robert, don't get stuck between the two big haulers l. that's incredible pictures you're showing us. reporter: i will not get stuck. no doubt. it's head on a swivel. swivel. watch what they're doing for sure. edward: how fast are they moving? reporter: incredible. edward: how fast are they moving and looks like it's really quickly. reporter: they are. they back up quickly, they come

forward and what's amazing to me is when they meet together and the two loaders come up and they push the snow in, the ability, the room for error is huge and so they're clearly very experienced and to think there's 450 of these mass veh vehicles moverring all around buffalo is clean and cost ago lot of money, millions and millions of dollars not only by the public works but they've had to hire private entities as well. there's that much. edward: robert ray, thank you, we'll never send you to a sunny day. thank you very much. explosions and blackouts plaguing ukraine as russia launches a new wave of missiles towards the country's energy grid. that's coming up next in a live report from kyiv.

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>> it certainly is. it's the eighth mass missile strike on ukraine just since october and this time it wasn't just cruise missiles but also

iranian-made drones. millions of people are without power right now as we head into the new year because of this. take a look at this video as the strike happened this morning and ukraine says russia launched 69 cruise missiles and 11 iranian-made drones and all were shot down and 15 missiles through the air defense and three hurt here in the kyiv region and six in the entire country and 40% of the people in the kyiv region are without power and some lost their homes and look at this. >> when the missiles came in this morning, two men were inside the home and you see the effects of the missile strike and massive crater where the home has fallen into it and massive damage scattered all across the yard and see a burned out car next to emergency workers who are insuring there's no further threat to the public here. >> two men inside that home when the missile hit, they're both okay today. reporter: take a look at this from this morning, a massive fire at energy facility in

kharkiv, critical infrastructure hit in kyiv and kharkiv, odesa and lviv where 90% of people are without power. take a look at this. also of note, belarus claims ukrainian missile landed in its territory this morning. president of belarus has been informed and the ambassador because of this and many watching to see how the president responds to this and if belarus will more directly become part of the war. back out here live, russia is again accused of shelling in -- and russia accused of hit ago maternity ward and now accused of hitting another medical facility and injuring two people there. back to you, edward. edward: nate foy, stay safe out there from kyiv. former research fellow victoria coats is here. victoria, this is obvious the russian president, vladamir

putin trying to freeze ukrainians by striking the energy grid. is he trying to break their will here or is it to soften up for a spring offensive? >> god to -- good to be with you, edward. it's a little bit of both and putin's behavior throughout the entire war is ghoulish and weaponnizing energy, food, children, bombing hospitals. this is just outrageous. the fact that we are not doing everything we can to bring an end to this war and bring an end to the atrocities i think is an embarrassment to the united states. edward: victoria, both sides offered terms and ukrainians want all russians out and restore the original boarders and russians asking for complete disarmerment of ukraine and it's not -- ukraine and it's not viable options and what will it take to end the war? >> i think that's the question, the 118th congress, the incoming congress in the united states needs to ask the biden

administration, is what is their strategy here to win this war? my bernards healthcare spect and i have desirable -- perspective and desirable terms is putin deterred from doing this again and i don't want to be on tv with you in five years time because he's gone into mall doe vascularized or grab -- maldova ordinary person a nato country and this has to end and this pattern has been so destructive and that's what we need to look at and congress rightly should be demanding answers from the president. edward: seems no sanctions worked to put pressure on the russian president and you've got china and india buying more oil than ever from the russians. you know, has this sanction strategy been a failure by the u.s. and eu? >> i don't think it's been a failure, but it hasn't gone far enough. i think if president biden were serious, he would be leveling the secondary sanctions that would truly derail russian's

chips act. it -- russia's economy and run out of currency very quickly and that's a difficult option to manage and you wouldn't do it lightly, but it is in our tool kit and we have the eu continuing many members to purchase russian energy. again, it's ridiculous and should be supplying them from the united states and eu and bus els can't get -- b brusselss cat get civilian aid to ukraine and u.s. taxpayers paying more than we should be. edward: the u.s. seems to be giving more powerful weapons slowly. is this strategy just prolonging the war and should we open up the war chest or war closet for ukraine? >> that's my question about the patriot that president biden promised president zelensky promised earl why this month and why didn't we roll that in in june when the ukrainians were fighting more electric basively and our train -- effectively and

our training proved invaluable for the ukrainian military. why weren't we trying to bring this to an end then? i'm concern that had the sort of timid and teped support the administration has been providing will only prolong the war and not win it. edward: the russian president will not sell oil to any country abiding by the russian price cap. that's just really a show. china and india, south africa are still buying oil from russia; right? >> exactly. that's the sort of economic lifeline that putin's been depending on and it's why it's so outrageous that the administration is doing things like appropriating another $100 million for environmental justice, which is only a program through the epa that tamps down our production of energy here at home. we should be removing those barriers and releasing our energy independence and energy

bounty and using that to supply the world and not allowing folks to buy cheap russian goods that prolongs the war. edward: victoria coates, thank you for your time and you'll be back talking about this because the situation hat those changed. >> thank you, edward. edward: banning tiktok on government devices is only the first step. we'll get into that after the break. ♪

edward: house minority leader kevin mccarthy holding onto speaker bid by his fingernails ahead of nxt week's vote. a fox news senior congressional

respondent chad pergram is live here. what's going on? >> it's unclear if kevin mccarthy has the votes to become speaker and a small group of gop members oppose mccarthy and because of the narrow republican majority, they can block him from getting the gavel. andy biggs says he'll never support him for becoming speaker. >> he's got a body of work. you go back to '17 and iowa'18 d why we had democrats voting for the republican budges and the floor leader mccarthy cut the deals with the democrats. >> that includes wearing in the entire house and to say nothing of passing bills, picking chairs. >> without having a solid speaker, you can't have the rest

of the republican leadership in line to include committee chair. there's a certain lessoning of the power of the house. and it's certainly lessens the republicans strangle hold on that power when they can't figure out who's going to be leading them into battle. >> mccarthy must veer to the right to win support of conservatives and democrats caution there's a lesson for the gop to learn after the mid terms. >> there's going to be a whole lot of republicans to the left or more to the middle than maga republicans and they know following the maga republicans is thelma and louis over the cliff and once mccarthy is elected moving to the middle than the right. >> the number of republicans that oppose mccarthy will grow if he fails to win on the first ballot tuesday. multiple ballots for speaker could paralyze the house.

edward. edward: yeah, we'll wait and see what happens. thankers, chad, on capitol hill. appreciate it. meanwhile at least 19 states are now banning tiktok on government-issued devices and new york republican congresswoman claudia tenny joins me now. banning them is a first step and what hawkeyes do you mean by that? >> tiktok is a chinese spy ware and it controls everything even though bytedance owns tiktok, they're run through the chinese communist party and they certainly can monitor every click and every key stroke that we take once you download the app. there's a monitor and they're over 100 million people on this app -- or 100 million people on this app and mostly in the united states, and we know they're tracking us. so having the government actually -- the government officials now not be allowed to download this app so we can't have the chinese communist party with a direct spy root with the

government officials with confidential information with classified to top secret and we need to look at banning tiktok all together and it'll track the moves of every day americans regardless of whether they're in top level jobs or security jobs. and i think that this is a important step. go ahead. edward: congresswoman, i want to stop you. it's the states that are leading this charge against tiktok, the white house has been fairly quiet on the criticism, even bringing tiktok influencers in to help president biden so regardless of the corns, what's taking the white house so long to come around to what these states apparently already know? >> well, the states are mostly republican states taking the lead on this because they understand exactly what's going on. the biden administration is very compromise when had it comes to chinese -- compromised when it comes to the chinese communist parties and use effectively indirectly tiktok using the influencers that they welcome to the white house with open arms and really just wrap their arms

around these people with tens of millions of followers over 60 million followers with this group and just like the biden administration reversed trump's interest in banning tiktok, biden actually reversed that with an executive order said we'll monitor it but there's been no report made and actually it's been effective in influencing elections and that's why the biden administration doesn't want to touch it because i'm a cofounder of the election integrity progress and i wouldn't be surprised if we found out that tiktok itself influenced a lot of young voters, a lot of people get their news there. it's a key place for people to go for news and where to vote, how to vote and who to vote for, and that's why joe biden is reluctant like he's reversed trump's effective order on the southern border. you know, this is something that's not in their interest to do because they're benefiting they believe by keeping the southern border open and jeopardizing taxpayers and americans across the nation. and also americans who are

especially addicted to tiktok. edward: you talked about this, the trump administration had tiktoked almost banned in 2019 and this president immediately canceled the commerce department's investigation into the app and the app exploded in popularity and states leading the way to get it banned and is the administration just afraid to stand up to china? is that what's happening? >> i think the administration is benefiting from it not to mention the fact there's bipartisan members of -- former members of congress that are now lobbyists who are representing these companies. there's dozens of former staffers on both republican and democrat side and there's no room to go when you have these lobbyists feeding the coffers of politicians in the white house and senate majority and democrats now in power and going to be losing their power and we need to look at that because it's becoming almost a partisan

issue. republicans need to be on top of this and president trump was right. when a democrat senator says president trump was right about something in banning tiktok, there's a problem and few willing to admit it. edward: congresswoman, i want to ask you about electorate santez. should he resign about lying on his resume and come clean on that? >> look, i'm really disappointed in what i'm hearing about what's going on with george santos. i didn't know any of this, i didn't realize any of this was happening until it was all being revealed. we have a guy in the white house right now who got elected who said, you know, his wife was killed by a drunk driver, destroyed the life of the man who was driving that truck and was not a drunk driver and legitimate truck driver. and a guy who said his son was killed in iraq but died in a brain tumor.

the fact you can become president and being a pathological liar sets behavior for people like george santos coming into office and lie your way into the white house and lie your way into congress. i feel sorry for george and i don't think he needs to resign unless there's an issue where he's proven he's violated ethics law in particular with campaign finance and wait and see what happens. it doesn't look good and i'm disappointed and he's apologized and see what happens going forward. it's really up to the people in his district. edward: last 30 seconds, how does he restore trust in them? >> it's a challenge and he'll have a hard time if he stays and doesn't resign. he'll have a hard time with reelection. sadly that's two years out. edward: yeah, congresswoman claudey tenney, appreciate your time on multiple t topics. republican lawmakers planning a surge of attacks on woke investing. a look at their plans after

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edward: edward: gop lawmakers working to stop woke investing when they take control of the house next month. hillary vaughn is live on capitol hill to explain the plan. hillary. reporter: good afternoon, edward. republicans on the house judiciary committee are promising to invest, esg, the idea that investment groups take investments climate and social impact before investing into an entity and lawmakers think doing that could be a violation of antitrust law and six republicans write ago letter to climate investment groups questioning them over esg policies say this, esg is at its heart radical partisan activism and these corrosive practices may violate the antitrust laws and we must investigate them.

the esg was that it might actually protect investors from volatility and risks of investing in things tied to the energy market. in 2022 though, the ten largest esg funds posted double digit losses in early december, including blackrock's $20 billion fund and vanguard's $5 billion fund all underperforming and lagging behind the s&p 500. republicans in the senate also say esg steered investment hindered u.s. oil and gas and makes energy prices higher for everyone else. >> that's a very significant issue as well is the whole esg which restricts financing and cost of financing and combine with the moratorium of producing energy on federal lands both on shore and off, the lack of permitting, administration is holding up permitting and litigation, all those things not only reduced the supply and drive up the cost of energy. reporter: esg crackdown unlikely to pass congress with democrats man tianaing control of the

senate and not stopping states from acting. seven states said they're going to withdraw their funds from blackrock over concerns they're putting esg over investors. ed ward. edward: yeah, hillary, money talks too. thank you from capitol hill. new york prosecutor opening an investigation into congressman elect george santos after the republican admitted to lying about his work experience and education. fox correspondent david lee miller in new york. what's the prosecutor saying? >> edward this is the prosecutor for nassau county and saying her words now, no one is above the law. if a crime was committed, it will be prosecuted. those remarks really underscoring the pressure this afternoon that congressman owe elect george santos faces to resign. the new york republican faces growing scrutiny after he admitted to lying about his past now at a long island rally in the third congressional

district, which santos was elected to represent, angry voters a short time ago called him a fraud who undermines democracy. the speaker is accusing santos of being a serial liar and attacked his claims of being a dis-sen dent of holocaust survivors and family members of people that died at pulse nightclub massacre. >> you've lied for your own gain. you've lied about your wealth and your finances for your personal gain. and perhaps most vile of all, you lied about the holocaust and a mass shooting for your own personal gain. >> as we mentioned, several investigations into santos are now underway including one by the nassau county district attorney. in the statement the da anne donnelly said, and i quote,

"numerous fabrications and inconsistencieses with santos are nothing short of stunning". the queen's da is also looking into santos' past and u.s. attorney's office in brooklyn would not comment on several reports that they are also investigating. there are a growing number of questions about his rags to riches success story. santos told the news website he made his money deal building and specialty consulting for high net worth individuals. he reportedly loaned his campaign $700,000 of his own money. he could face consequences if his federal disclosure documents are misleading. despite the uproar, santos has repeatedly said he will not resign. he's due to be sworn in on tuesday. politico now reporting he told the republican leadership he will not seek reelection. edward. edward: thank you, david lee miller in new york. if you're in the market for a used car, you may be in luck. prices seem to be on the decline so should you buy the dip?

it's coming up next.

first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me.

hi, i'm lauren, i lost 67 pounds ask your rheumatologist about in 12 months on golo. golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. edward: welcome back to coast-to-coast. i'm grady trimble at a car dealership in naperville, illinois. where we're talking about used car prices, which are finally on the decline. good news for those who have

been priced out of the market over the last couple of years. the average cost of a used car right now is about $23,000. that's down about $3,000 from the peak in february. woody woodring is the owner of woody buick gmc in naperville and some estimates or analysts predicting car prices could drop another 10 to 20% in 20236789 you're not sold on that. >> well, i think that's a really big number. used cars were generated from new car sales and new car sales have the used car to get traded in and the lower those get, the less new cars that get sold. more new cars that get sold, the nor trade ins we get. reporter: we have the numbers, any car sales are -- new car prices are still quite high about 7% up from a year ago. the other bad news for car buyers, edward, is that car loans are going to cost you more because the fed keeps hiking interest rates. edward: yes, that's true. thank you, grady. the economy dominated many stories in 2022 and appears the

trend will continue in 2023. joining me now is the pleasure of meeting at jackson hole's federal symposium in jackson hole several years ago, former kansas city fed president thomas honey. this is a tricky situation for the federal reserve and several rate hikes for 2022 and four big ones and four 75-basis point hikes and signals two more rate hikes in 2023 and was the federal reserve not aggressive enough and has it gone too far? >> to answer your first question, the federal reserve was late to the tightening game because inflation was well underway and they continued with their easing moves in 2021 and 2022 in the early part. so they had to, i guess react and they reacting strongly but what they've done is raised rates touchdown pass constrictive level. they're going to have to do that if they're going to get demand

back if line with supply and that process is going to take awhile. that's what they're in the process of doing right now. edward: so cpi inflation is still 7.1% and the administration is cheering a 7% inflation rate, but where do you think the interest rates should be in order to get that inflation rate to 2%. >> well, they're on their way to getting to the right number and i would say they haven't minded above 5%, 5.25% and getting there is the right thing to do. at least that high. then the hard part for them will be keeping it there and keeping it there as the economy slows with these higher interest rates and unemployment rises with these higher interest rates and the economy slows. that's when they'll really get the pressure to start reducing rates before inflation is close to 2% and that's what you already see coming with some of the politicians and so forth.

they're going to have to be at 5% or higher and hard part is they'll have to stay at 5% through the course of this year or next year in 2023. edward: in the last 30 seconds we v the fed chairman is concerned with core inflation without food and energy prices and it's moving side ways and at 6% and slightly down. do you think that -- are you worried about core inflation and is it moving side way s? >> yes, i am worried about core inflation and that's more of the broad economy and it's coming down more slowly and i think it will as inflation has got embedded, it'll be hard tore get that out and that's going to put more pressure on the fed to keep that rate hike longer than they'd like and anyone else would like. that's going to be necessary if they want to capture and conquer and bring it back down. edward: yeah, inflation is sticky and we've got to run. i appreciate it.ffer thanks, tom. omme

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edward: let's do a quick look at the markets. the dow up 1%. the s&p up about 2%, 2 1/2, more than 2 1/2% for nasdaq composite. we'll see if we keep the green going throughout the next hour. lauren simonetti is going to take you through that hour. lauren: thank you, edward. i'm lauren simonetti in for charles payne today,