let's welcome back dan suzuki from richard bernstein advisors. you are in good company today. what is your reasoning behind this? and, why is it not possible that perhaps the markets are so forward-looking that we are pricing in a period of time that is beyond the impact of the fed tightening? that we are embracing the period beyond the inflationary period? >> first of all, hello melissa. the whole conversation, i pretty much agree with everybody's comments so far. this debate about if we are in a recession or not is kind of silly. what people are mistaking for recession is a broad-based slowdown. there is no doubt in my mind that pretty much every significant part of the economy is slowing right now and if this continues down at this pace, we will eventually be in a recession but to say that we are in one right now, namely, the labor market, the market is still strong but slowing. it kind of misses the point. in terms of being priced in, the markets have priced in. but we have the tightening of liquidity and the inflation story and less so the slowdown in growth that some of

we appreciate you. >> thanks, tyler. >> dan suzuki. >>> it's not just equities selling off today, thenergy market also taking a hit, especially crude where investors are grappling with competing headlines here on one hand, prospects over a revived iran nuclear deal and a hawkish fed are driving prices lower with crude selling off sharply on the session but geopolitical tensions, turmoil in iraq, and improving consumer sentiment may signal further upside for energy prices, so how should investors make sense of these dueling headlines? joining me now is kevin book, managing director at clear view energy partners. kevin, which of these headlines are you giving more weight right now? what's driving your thesis >> contessa, good afternoon to the downside, iran, i think it's the proximity to a deal that is on the horizon when you look at what that means, there's two components. there's the return of above board sales on an ongoing basis. think of those as flowing barrels. the second part of it is if the reports are correct and the deal looks like this in the end, 50 million barrels of stock

erik knutzen - heuberger berman group esty dwek - flowbank sa dan suzuki - richard bernstein advisors down, this is bloomberg. ♪ ritika: keeping you up-to-date with news from around the world, i am ritika gupta. part of the fbi affidavit used to get a search warrant for donald trump's estate will be unsealed. the judge and gave the dusted -- judge gave the justice department a week to propose what should be blacked out. news organizations and others are -- if your company is not planning layoffs, the one next door is. that is according to a consulting firm that pulled more than 700 u.s. executive board members and found half said they are reducing headcount or plan to. 52% and lamented hiring phases. starting september 15, and automaker will pay a quarter dividend of nine cents per share. gm halted its already eight sent payout in the early -- 38 sent payout in the early [indiscernible] the company warned supply chain issues and production costs. they have been able to offset some problem with price increases. a california faced fund manager, pimco, is using his deep pockets to help w

of that richard bernstein advisers deputy chief investment officer chairman investment committee dan suzukiiday. >> i don't think anybody expecting anything meaningfully different than he said already basically i think you said earlier going to come in aggressive talk to you about know bringing down inflation, i don't think anything changes but thing from market perspective, i mean that is what last week has been all about why we've had weakness in stock market you know rates up so i think a lot of negativity is built in here they are actually is a window, for a positive dovish surprise everybody keying off the minutes which is before last report we got a little bit better than expected possible, but i think the story is still the same. i mean there is a lot of wood to chop that is not good for markets as we head into rest of the year. dagen: why did markets get so it wrong since mid-june literally hum on one importanted in powell's speech "near neutral" from 35,000 feet he foul up should not have said that. >> i am, by the perception people hear what they want to hear last, you know press