kasman: it is hard to talk about the skip. the fed has six meets -- weeks after -- they will take stock on how -- at the same time, i think they have to tell us that they have not declared victory on getting inflation down, that there is pressure for them to move more and that they will -- the likely scenario, it will be in the statement where people see an extra rate hike push in and it will be in more detail in the correct -- press conference that they will more likely than not continual -- continue to raise rates. i don't think the fed is sensitive to equities rally but the broader picture here is that financial markets are showing very little stress. they have improved risk appetite, has in increased -- has increased and it is a significant offset to the tightening going on in bank credit and i think that does matter to the fed. they are trying to manage that in a way where they don't police unwanted is the brits that they will have to deal on -- with -- that they don't unleash unweighted exuberance that they will have to

tom: cashman out with a british lovefest --kasman with a british promotion lovefest.what do you get wrong in a medical event that gave us the shock along with president biden's stimulus of a far more resilient ecosystem than anyone expected. lisa a: one of the most unprecedented aspects was the rolling recession narrative. the idea that one sector could experience pain and another could experience incredible strength, and then it flips. which is the reason i am waiting for the pmi data today which comes out. do we start to see the pain of recession ease up as you did? tom: there is a domestic feel we will address right now but we are going to keep our eye on everything. you wonder what china does sunday evening our time. lisa a: we have had the straight week of losses that is the biggest for global stocks at least going back three months. european strike -- the european union had the biggest string of losses going back to december. you heard from loretta mester -- we will hear from loretta mester and raphael bostic. michelle bowman was speaking yesterday and said, "i