sonali: for more, we are joined by anna wong.he last couple of days, the chorus about 50 basis points, the idea that 50 would not move the market, that 50 is what we need right now, that the fed could telegraph a smoother path ahead, is all of that holding up heading into the fed meeting on wednesday? the prior concerns about 50, have they been erased? anna: we have seen the markets betting on 50 increasing since thursday afternoon. in between those days, we have seen the stock market holding up pretty well. the narrative that jay powell will give on wednesday will confirm whether 50 would be an alarmist move for if it helps the market believe in soft landing chances more. we think powell is going to give a very not alarmist characterization, justification of why they are doing 50 bips. i think there are a lot of ways the central bank chairman can channel 50 without alarming the market. sonali: i want to talk about the concern being raised politically. i want to raise what was brought forward by democratic senators including eliz

while not coming up with anna wong.nd talk policy with our signature panel. jeanne sheehan zaino and rick davis are with us for the hour. return to wall street, the cpi data. charlie pellett in new york. charlie: cpi wednesday. dow jones industrial average and s&p both lower. nasdaq advancing, up by about .4%. it had been down by about 1.5% earlier in the session. we have nasdaq up .4%. s&p down 14 at 5481. a drop of .3%. dow jones industrial

. >> reporter: and educating others about chinese traditions is also a passion of nearby vendor anna wong. the children's book author says the festival is a reminder of her childhood. >> growing up, i celebrated the autumn moon festival eating moon cakes. i never knew the legends. that was one of the reasons i wrote and illustrated my book. there's so much in our culture i don't know and i'm learning and want to share with everyone. >> reporter: she says the rise in hate crimes against asians inspired her to further share the beauty of her heritage. >> i really wanted to celebrate our culture and take pride in chinese culture. and that was the catalyst for creating the books. >> reporter: derek's passion for his dragon bread candy is also rooted in the joy of sharing his traditions with others. >> especially to the culture they are not familiar about this one. >> reporter: culminating with an official moon cake cutting, the festival was a reminder of the vibrant cultural diversity san francisco continues to boast. >>> and coming up next, the bay area taking steps to raise money for alopec