>> i love adam parker. >> i know you do. >> i love his work by the way, i did as well. i thought we would see triple-digit oil by the end of the year, but i would submit by definition the fed will have to do something, because the one thing i think the energy add -- but that's another story i do like oil. i guess it makes sense given the meaningful sell jot, but i think oil is still a place you want to be >>> we've got an after-hours alert on square, ripping a page out of facebook's playbook it's changing its name to block. the company say the new name, quote, creates room for further growth the changes take effect next friday. they have a lot of businesses until the umbrella of this new corporate name, karen. i floe you've liked square in the past, though not the valuation. what do you make of this >> right well, we all know how competitive jack is to crypto currencies the spiral part i don't bite get. the block part i get i don't know if they're looking to go another dimension, i don't know, but the whole sector has come in a lot. i don't know if changing the name for

adam parkers was, of course, the chief u.s. equities strategist at morgan stanley. we're happy to have him back on. adam, you listened to the conversation just now, what are we missing, if anything, about this macro market? >> ipt optimistic on u.s. equities the way i look at it, brian, is earnings will probably be around -- i think $223 in s&p edges nest year, even if the numbers are a little too high, i think that's pretty atrackive risk/reward. and then on top of that, you know, some organic earnings growth i probably have been bullish for most of the lath decade, and just trying to focus on what could really derail the earnings outlook. i think that's the real risk to focus on >> so earnings, then, we talked about bond yield, how much does a 1.5%, or even 1.75, if it goes up, yield play into that 1 does the ten-year note matter to your earnings forecast? >> obviously it impacts the companies directly that borrow and let it capitalize on the spread, the banking sector, select services, i'm generally of the mindset that higher yields mean the economy is strong so i

the company's views on shipping delays and shortages victoria fernandez is with us, and katie and adam parkerome to you first for your take on what we've seen this week clearly, a nice bounce yesterday but weak today down sharply for tech stocks >> i think when people think the fed might act more aggressively it cause as bit more of a rotation, but frankly, i'm bullish on equities. i don't think there's a lot of evidence if they raise interest rates the stock market goes down frankly, i don't think they're going to raise the three times that might currently be priced in plenty of things you could buy on weakness. >> katie, what do you think in the short term is the sector you want people to avoid most of all? >> you know, in terms of avoiding a seconder i would say probably industrials and communications services. those still are in down trends relative to the s&p 500. and i keep looking for some signs of downside exhaustion they're not quite there yet. encompassed, of course, industrials, the transports which look a little better than average, but those are the most beleaguered setup it's we

. >> i did think it was interesting when we talked to adam parker, and he said based on since the financialsis, the data shows no discernible impact on stock prices from b buybacks when you raisethe buyback is issue, something people should at least think about a bit more. does it really over time actually improve performance >> bought half their stocks. >> it's not immaterial to eps. >> but at the same time he said that their data shows that it's not been material to moving stock prices higher over a long period of time and we know that companies that have bought stock back >> and raised the p.e. of the stock market about how much when you buy back a lot of stock it's very positive. >> you mentioned cvs they are one of several re retailers asking congress to take action on anonymous online sellers, along with best buy, home depot, auto zone because of this organized theft operations that go, steal a bunch of goods. easily sell them online >> it is very discouraging moment when it kcomes to just what we call slhrinkage but i think that that can't be used right now. >> well, it's always been

either from the adams for the last lee's for the shout-out lewis's what this experience has been like. >> you know, tragedy all the way around that was parker now to a shocking development out of miami dade county, all 20 counts of attempted murder and 3 counts of murder have been dropped against warner iq, but they're a suspect who confessed related to this crime. it was a shootout outside a banquet hall back in late may video here of those terrifying moments. the gunman all getting out of that white suv then getting back in. but there was allegedly involved in this crime. they say he was one of the men armed with assault rifles when they got out of an suv. just started shooting. prosecutors say buckner confessed to detectives. but after he asked for an attorney, which is a violation of his constitutional rights because he didn't have an attorney at so the whole case against him. he's now thrown out. >> unfortunately for this detective. it was a rather huge mistake again because this defendant invoked his right to counsel after he was in custody and didn't want to talk without his lawyer being present. the detective should have stopped que