in a fox business exclusive is lipow oil associates president, andy andy lip how. -- andy lipow.erall take on the pressure on the wti contract. drivers right now are liking this. i don't know about investors, but drivers like it. >> well, certainly, the consumer benefits from these lower oil and gas enlean prices. the the national retail average right now is $3.82. i expect that by mid september that's going to drop to $3.70. and before halloween we're going to get to $3.50 a gallon because there's so much pressure on the oil markets due to, the as you just mentioned, the covid lockdowns in china as well as recession fears in europe due to the high emergency prices. cheryl: and also i mentioned this as we were gearing up to speak to you, not just the iran nuclear deal, but also what's going on in europe. and in particular with nord stream and the russian-europe shutdown. talk about that because, you know, the concern for western europe is it's going to be not only just a cold winter, but it's going to add to their recession over there. >> right. well, we've already seen that nord

andy lipow this morning.ul finally has something to say about the lax job da bragg is doing. the problem is her policy that released the man who axed crazy in mcdonalds and put back on the streets in hours. her comments when we come back. stay with us. ♪ ♪ ♪ i may be close to retirement but i'm as busy as ever. careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan. i know, i got 'em some of those plant burgers. nice! nice! yeah. voya provides guidance for the right investments and helps me be prepared for unexpected events. they make me feel like i've got it all under control. because i do. ok, that was awesome. voya. be confident to and through retirement. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the wa

andy lipow, thank you very much. appreciate it. >> thank you >> all right you're welcome >>> now to the broader markets with all of the debate and the discussion around the fed and inflation, are we not thinking enough about what it all may mean because, remember, while inflation crushed stocks back in the '70s and even into the early '80s, the market then began one of its greatest bull runs ever, just a few years later in other words, if you bought back then when thing were just awful and the fed was raising rates rapidly, you probably made a fortune later on let's talk more about it with andres garcia, ceo of zoe financial, and david cat, cio of matrix asset advisers. andres, i'm going to start with you. trying to make a point that inflation is bad, it's ugly, it's terrible. but 1980 and '81, inflation was out of control paul volcker crushed it, and 1982 became a space shuttle-like lift off for equities. >> yeah, no, i think that when we look at what happened tuesday and we take a longer-term view of even a year ou