we start off with the countdown for the big cti report as economists are expecting relief as they pulled back in july and with housing costs, will it be enough to tamp down inflation fears as markets take a bit of a breather with the nasdaq dropping 4% with the fourth straight day of losses and how should investors prep? >> first of all, welcome back. i will say joe does a great job and courtney does an outstanding job and brian is great. so welcome back. cti tomorrow, inflation is still going to be hot and is still a problem and i think so much of this rally from june 15 until recently has been predicated on the fact that people think the federal reserve will pause or pivot. even if you have a six handle is still three times what they are looking for and they have to be steadfast in earnest in their belief that inflation is a problem and have to tamp it down. >> all the excitement with the s&p up 15% with the nasdaq 100 at more than 20% and it feels like investors sentiment shifted from worst-case scenarios in may 2 maybe a soft landing and so some of the data, the jobs number last week

never been the same price as new-car prices and i think that should tell every other commodity and the cti will miss to the downside track. >> i will be driving grasso's gremlin. speaking of inflation, when clean energy etf getting bumped and the options pit and what direction that trade the global mean energy atf. it's still early and bit coin is off to the races. will continue to climb? those trades and more when we those trades and more when we return. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed i >>> first it was novavax getting crushed and now a new alert on so five there dropping to two major investors selling shares. who is selling and why? >> the seller is softbank. they plan to sell some or all of it so five shares in the filing with the sec and i just checked it out and softbank has a 10% stake in sofi . reported earnings the shares have been rallying and it comes after softbank reported $23 billion reportedly lost in this morning also exited in the prior quarter so the latest that softbank is trimming an

coming up, crypto rallies on a new cti report. the leaders of the rally?next. ♪ emily: time now for our crypto report, and cryptocurrencies surge after a softer than expected inflation number, with cpi increasing 8.5% from a year over, decreasing from 9.1% back in june. any crypto winners in this rally? katie: the whole space was winning today. if you look across your crypto screen on the terminal, it all comes back to this. the largest cryptocurrency out there having a fantastic day, up over 3% on wednesday. the reaction on the stock market -- you've had the nasdaq up 2.9% bitcoin is going to be up as well given the slight correlation. it all ties back to wagers. it is going to have to be less aggressive than maybe feared. you saw that reflected in the bond market as well. you also had a theory him -- it -- had ethereum rallying. it has had quite the run over the last month and a half or so. there are some fundamentals as we await the merge. emily: all of this coming out of the merge. how are investors bracing for this? is it really going to happen? katie

this initiative does not pay that off through the cti schools and they're now taxpayers stuck paying those who went to college and wouldn't work to pay it off. elizabeth: got it. liz peek, your final word? >> let's leave it at this. it is unfair and people who are working hard to pay off their loans or put their kids through college and playing by the rules, they get completely messed up by this. i think that's horrible. and yes, vocational schools is a very good alternative. they should have been included. >> congressman meuser, liz peek, thanks for joining us. good to see you. >> thank you, liz. elizabeth: questions now mounting. former dni john ratcliffe says that the fbi pressuring facebook about quote, russia propaganda ahead of the release of the hunter biden laptop story was fbi election interference. and this, will more states follow california, knocking out gas cars? elon musk he is warning that the world will still need oil and gas or else quote, civilization will crumble. we have next from house transportation, congressman carlos gimenez on "the evening edit." >> well if t

a weakening demand picture and inflation, which we think might be starting to cool down we'll get a ction wednesday. but clearly they're caught between the growth and inflation sides of the mandate, or jobs and inflation. >> exactly and the fed is going to pay attention, as it does, to every major piece of legislation this one in fact has the potential to be a major piece of legislation, assuming it's enacted, and it has at its core these incentives that when taken up are going to -- you have the promise anyway of being able to deal with some of the supply side stickiness. that of course the fed realizes is also a component of what is driving inflation right now. and inflation, as you know, sara, is well within the fed's mandate. so while the fed can't do anything directly on climate, it certainly has to be paying attention. >> where are you right now on the fed and fed policy do you worry more about the fed being too aggressive on tightening and choking off any recovery and hurting employment or the opposite, and not doing enough on inflation? >> right so the fed has, as you know and a