seymour, steve grasso, guy adami, and the chart master himself with his very large keyboard, carter braxton he has a large keyboard. i'm speaking literally all right. we start with another spike higher in the interest rates the yield on two-year treasuries jumping to more than 4.7% for the first time since july 2007 also climbing hitting more than 4 1/4% the moves coming after the fed raised interest rates. target rate another 75 basis points and suggested it might not stop any time soon higher rates already had a huge impact on consumers' borrowing costs. since the central bank first started hiking in march, the home equity line of credit has risen by 300 basis points. 30-year fixedmortgages climbed to more than 7%. autos have also climbed. meantime, the s&p 500 has dropped by more than 10% so how will this all change how companies operate in this environment, and what will it mean near stocks guy, what do you think >> margins, number one it hurts, without question and really in terms of what we try do each night, and tim talks about this all the time, what are you willing to pay in a risi

. >> carter, thank you carter braxton worth of worth charting guy, i'm going to bring back a game thatgher or lower. i know you remember this so tesla higher or lower based on what the chart master just laid out >> so if i think the stock is going higher, i say higher that is the correct way to play this game. >> that is why we got rid of it. yes. >> lower lower. >> okay. >> lower and we've been saying -- listen, it is not like we just said this we've been saying it for a while. the stop is 50, a5-0%. so lower, mels. >> bonawyn, do you think >> is this the bottoming out that people are looking for for a rally. >> what do you say >> that is a new game. i'm confused here is the thing. i think it is going lower because i think these are tesla shareholders voting with their shares elon owns 50% of the company and then i look at black rock and state street and own about 20% so those are concentrated holdings about 40% or so. i doubt, maybe i doubt they're selling. but a lot of other people, a lost disciples who were in it for the elon trade are peeling out. they're watching the ceo spending