chris harvey at work follow -- at wells fargo. [crosstalking] lisa: i just want to let you know, i read this last night, and my heart went out to you. jonathon: the fed rakes 75 -- the fed raises 75 basis points. the fed's objectives are more difficult to achieve. pricing and cuts undoes the efficacy of hikes in the first place. lisa: he even put a number to it. a 5% to 10% market rally would cause the fed to see that was going against what they are trying to do and cause them to give guidance, even though they are not giving guidance, that they don't want to see that. how much does it become just a tourney? i think that is what people are looking at. maybe that's why frances donald called it frustration. tom: it is from two different worlds. we do economics, international relations, demands, politics as well. what you just saw there was the denny harvey pivot, coming from two different parts of this industry, and giant economist and an incredibly competent -- competent chris harvey said the same thing. there is a point you pitted

chris harvey is the head of equity strategy at wells fargo securities, it is nice to see you. where are the traps, in your view? >> they are everywhere. we talk about value traps, the early cyclical, they are trading up to five times, earnings, not revenues. you are seeing this and homebuilders and chemicals. it is really across the board. this is a place we would stay away from. if you get a pop in these names, these are names want to take out of the portfolio. stomach only concern i have had, in terms of credit, in the form of high-yield, this has been trading sideways recently. that's one thing i focus on. is that a concern that credit is the last to go in this domino effect of the market? >> credit is a concern. we want credit. we watch how it trades. the other thing is, if we are right on this, cyclicals are tied to high-yield. if the earnings go down, if there is a derating, you should see that on credit. one rule reinforces the other, and is not a great situation. they may think you for being on. we are seeing they have cyclical multiples. these are low multiples, where

and of course we look ahead to a critical week coming up brian belsky, eric jackson as well and chris harveyard to seeing you in a few hours' time. a stock at an all time high today, give you some grief going to give you some love. okay genuine parts gpc all time high back to the ipo in 1948. you've made your bullish thesis on parts and you think cars have to be replaced so i wanted to give you a little love there i want to hear from you though auto zone and o'reilly you own both in this space. >> yeah. i think in the consumer space you have to be really selective, scott. this is one of the ways we've been selective these suppliers should see continued tailwinds from an aging automotive industry. they're not overly expensive and businesses are just phenomenal right now. that's the way we played it this year it has really accrued to our advantage. >> why don't you give me a final trade. >> you know, we're a little cautious we're taking customers' cash, putting it in six-month treasuries the inverted yield curve you can pick up a nice yield in the short run. >> okay. interesting. steve weiss w

mister stories compared chris to harvey weinstein's british counterpart and concluded that pinscher'sent were absolutely the intention of the conservative party's investigation at the time. chris pincher's actions found no evidence of wrongdoing for the fifth time in the past month that the conservative mp lost his seat due to allegations of unlawful acts of a sexual nature. recognition of imran khan a culpable sexual assault on a fifteen-year-old boy led labor to take his parliamentary seat out of last week's midterm elections or paris was an mp for activist, tone and hollerton until he was caught watching pornography on the phone in parliament. these people are teaching us to pick our noses, sheer dumbasses and perverts, let’s fast forward to lugansk, and the ambassador extraordinary and plenipotentiary of the lpr to russia rodion miroshnik is in direct contact with us and the capital lugansk people's republic a. rodion valievich. we congratulate you on your release. this is a very important day. you have been waiting for this for a long time. tell me how the situation is. where to

rower called alex story described chris pincher as a pound — alex story described chris pincher as a pound shop harveyinstein after he claimed he had been groped. there _ after he claimed he had been groped. there had _ after he claimed he had been groped. there had been other allegations about— there had been other allegations about chris pincher, the claim, a senior— about chris pincher, the claim, a senior government source saying the claim _ senior government source saying the claim that _ senior government source saying the claim that boris did not know there are allegations of sexual impropriety seem to be pretty tenuous _ impropriety seem to be pretty tenuous. i mean, apparently he made a joke _ tenuous. i mean, apparently he made a joke about _ tenuous. i mean, apparently he made a joke about it and also made a joke about— a joke about it and also made a joke about he _ a joke about it and also made a joke about he knew that all of the hansie, _ about he knew that all of the hansie, sex pest mps were on his side _ hansie, sex pest mps were on his side. whether that is true or not it is incredi

compared chris pinscher to harvey weinstein 's british counterpart and concluded. conservative party.rongdoing in the actions of chris pincher for the fifth time in the last month, the conservative deputy lost his seat due to allegations of unlawful acts of a sexual nature. imran khan's conviction of sexual assault on a 15-year-old boy led labor to take his parliamentary seat in last week's midterm elections. neil fairis was an mp for activ, tone, and hollerton until he was caught watching phone pornography in parliament. and these people promise to achieve defeat. putin's deputies are perverts boris johnson is an alcoholic, and they threaten us. now urgent news is coming from the ministry of defense of the russian federation , a significant loss is inflicted in absolutely all directions, the deployment points of two brigades were hit with high-precision weapons, dried up in kharkov where there were about 200 ukrainian military and up to 19 pieces of equipment - this is to say that the losses are really incredible , but the mobilization of aggressive violent in ukraine continues peopl

harvey milk photo center focuses on adult classes. and saturday workshops expose youth and adults to photography classes. >> you are watching san francisco rising. a special guest today. >> i am chris and you are watching san francisco rising. focused on rebuilding and reimagining our city. our guest is the director of financial justice in the san francisco office of treasure to talk aboutw