we are back with byron wien from blackrock private wealth solutions group. w youtalking about don't see a recession for the next year or two. byron: i don't think they have to stave it off. the economy is doing well. since 2018.nd 3% inwill grow 2.5% or 2.25% 2019. earnings will be up. not as much as they were in 2018, but up 5-10% this year. the yield curve is still positive. inventories haven't accumulated. there is a euphoria in the stock market, for sure. all the indicators that would suggest we are set for a recession aren't in place. we have a couple of years to go on this good economy and favorable stock market. vonnie: down 2.6 for the nasdaq right now. we are seeing china slowing down, a major warning from apple , they are nota turning into the services economy as fast as people would like. be a time where the balance sheet run-up is looked at. what happens if the fed does increase again next year? >> that would be negative. robert kaplan said they should pause. that was his message. is no fed10 surprises increases during 2019. if theydon't do that,

blackstone private wealth solutions group vice chairman, legendary byron wien and i don't mean you as mean being legendary. >> and having the wisdom >> right >> that's right. >> anyway, go ahead, let's get out of here. >>> all right. when we come back, the sectors and names getting shocked by apple's guidance dom chu is going to walk us through this morning's movers. this morning as we head to the break, take a look at premarket movers and the dow when we looked last time, the winners were the ones losing the least. all dow components in the red. walgreens losing the least biggest loser, of course, apple, 8% we'll be right back. y. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ [ dobaxter.ng ] it's bedtime. peace of mind should