barry knapp says recession might still be a risk. 50 basis point cut should be on the table for september. he's been calling for that since before friday's jobs report. he's back to explain and break it down today. disney announcing a price hike for its streaming plan as we speak. the latest on how much it costs, what's included, and how to trade the stock into earnings. that's coming up in earnings exchange. first, the markets. to dom chu with our latest numbers. what do you see? >> it's pretty strong, kelly. we have a decent ways to go just to get back yesterday's losses. in that session the dow lost about 1,034 points. we've gotten back 543 of them so far today, up about 1.5%. the s&p 500, we're going to call it right near session highs. it was just about 107, 108 points at the point highs of the session just moments ago we were up seven points even at the low so generally a positive day up 2% for the s&p. 2% north of gains. 356 points for the nasdaq composite. 16,556. that tech heavier trade was the he center for yesterday's sell-off. we'll see if that sticks around. now speaking of t

he's been talking about, but also structural issues, like bring in ironside's managing partner barry knappbarry, let me pick um on what -- up on what diane was talking about with japan. i don't know that we have the luxury of sitting back and watching from afar and not saying, hey, that's us. we've got 122% debt to gdp, and it just gets bigger and with bigger and bigger, and the fed is in some ways caught between a rock and a hard place, right? >> absolutely true. you know, the first order, fact of rising debt ask and deficits -- and deficits is inflation. and, you know, the japan story is interesting right now inasmuch as i think that they're excess ily accommodate cannive -- excessively accommodative policy has destroyed the banking system. and ultimately, tightening in japan -- which they did this week, right? it was a surprise hike. it will be good for japan, but japan went up this year for the same reason that our markets went up. the two biggest links in the index. so it was just a leverage play on gen-a.i. i think the tightening in japan will ultimately make that market attractive,

. >>> coming up, we're going to talk markets, the fed and more with ironside's barry knapp.l-hamas war to what is going on in china, we're going to talk geopolitics with richard haass. we're coming right back. pete g. writes, “my tween wants a new phone. how do i not break the bank?" we gotcha, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so you get high speeds for low prices. better than getting low speeds for high prices. right, bruce? jealous? yeah, look at that. honestly, someone get a helmet on this guy. get a free unlimited line for a year when you buy one unlimited line. plus, get up to $800 off google pixel 9 phones. switch today! . >>> barry knapp is managing partner and director of research at ironsides macro economics. what are you thinking about the markets right now? what do you think about the economy? what do you think about tech spending? >> well, i'm pretty negative at least for that next couple of months for the market. fairly negative for the economy. and reasonably positive for tech spending. so, i t