joining us is chris grisanti great to have you with us. >> nice to be with you, melissa. >> i will ask you the same question i asked of david, and that is what should a market be valued at without free money, without the fed there in support through taper and low interest rates? >> that's a great question the real answer is we're going to find out and i think pretty soon it was unfortunate today, melissa, that he chose the omicron background to deliver a needed message, which is, hey, inflation is chugging along as is the economy so that's not necessarily a terrible thing it means the economy is racing, it means good things it is just that that plus omicron at the wrong moment i think is really giving the market a little concern. however, having said that, i think higher rates will mean that p/e has come down the question though for the market is can earnings increase fast enough that that's okay boy, they're increasing fast don't forget earnings are nominal. all things equal will mean higher earnings next year. it is far from a far-gone conclusion the market has to slump if inflation

appreciate you joining us, chris grisanti joining us. and tonight, looking forward to this later on. thank you, as always, dom chu. >>> still ahead, big companies to see big news thanks to emissions announced at cop26, the climate summit we begin with the names and the moves, next. ♪ say it's all right ♪ ♪ say it's all right, it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ now listen to the beat ♪ ♪ kinda pat your feet ♪ ♪ it's all right ♪ ♪ have a good time 'cause it's all right ♪ ♪ oh, it's all right ♪ >>> welcome back, everybody. president biden announcing tougher regulations on emissions for american oil and gas wells one of the new proposals from the cop 26 climate summit. not the environment it could impact huge implications for markets, too. more to explain how we're already starting to see the impacts felt. >> kelly, officials gathered in glasgow for cop26 saying governments can't do it alone. role of the private secretary capital markets and investors play, it's in sharp focus. annual clean energy investment needs