in the next hour, barry sternlicht blasting the fed decision he will join us at 7:00 a.m. eastern ime. you are watching "squawk box" and this is cnbc at pnc bank, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe. right at your fingertips. ♪ this is how we work now ♪ as a business owner, your bottom line r is always top of mi

you're seeing, though, among your portfolio companies and this goes maybe to -- it almost like a barry sternlicht have slowed down way more than the fed believes they have and that his data is much more up to date, if you will, than what he thinks of as the lagging data that the fed gets what does the carlisle data show you in. >> we have data on several hundred companies we own and we look at that and compare it to how the economy usually does and we send that to the fed. our data does not show a recession any time soon. this is the most anticipated recession in history and hasn't happened yet and our data does not show a recession coming in the near future. we don't see decline in consumers sales. we see enormous spending on things like concerts and thols and restaurants, things like that we just don't see it right now in the data. >> what looks cheap to you right no, where you say, okay, maybe it's time to -- would you go by real estate in san francisco or regional bank? >> everything is the price tell me what the price is and i'll tell what you we do for sure take commercial real estate. we a