calvasina of, lori rbc capital markets.tement from the new sally energy minister -- new sally energy-- new saudi minister? >> this is a sign saudi arabia wants to get more serious and they are even more interested than supporting oil prices. i also think they understand -- the market sentiment is negative on the demand side and we see very strong supply from the u.s., so the medicine from opec and saudi arabia has to be even tougher than before. i think this is part of what we are seeing with the shift in control of the oil policy. david: you do not take at face value the statement this will not change policy at all? when you say it has to be serious medicine, that suggests some change in policy. >> i think they will strengthen the policy of supporting oil prices. productionu.s. shale being strong by the second half of the year. medicine, in order to support oil price, could be to go through a cycle by first may be tried to punish the u.s. oil companies and the service providers for the next earning by shocking the market.

alix: we had lori calvasina on yesterday and this is her take on banks. g with financials is obviously the yield curve compression. that seems to be what a lot of these quantum funds are trading. that is a difficult thing to go up against. we have kept our financial overweight on. we think the story will turn at some point. we are telling people to keep your toes and some for cyclical trades. we think financials look like one of the best ones. alix: do you agree? christopher: i agree with the larger premise around keeping your toes in a lot of places. a lot of investors are stuck on the all are nonmarket. by the fangs and chase the momentum. we know that reverse heart in the last month or so. being more broadly diversified is part of the messaging. it does make a lot of sense. it is part and parcel to how you manage risk, particularly when we are seeing uneven effects from trade policies and interest rates, uneven effects from sentiment. small caps underperforming large caps. that would seem opposite to what you would expect. business sentiment is good, ra

. >> there was david zervos, paul mcculley, lori calvasina, thank you all. josh will stick around the rest of the hour, 15 minutes left to go before the bell here is where we stand, looking better than we did in the powell press conference we got as low as dow down 211 as he began speaking, fully recovered and now positive up 43 points s&p really positive. move in the banks and utilities taking us higher yields are higher. the dollar is stronger that's pretty much the initial verdict. but again this fed initial moves often get reserved still to come, coverage of today's fed decision jeff sherman. >> two banking execs will join us we're back after this. ers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. don't get mad. through the at&t network, edge-to-edge int