coming up, david rosenberg from rosenberg research joins us to break down what he sees the market doing from here with a somewhat negative view we've heard lately on the economy. >>> we'll be right back on "closing bell. don't go anywhere. at humana we believe your healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but with an all-in-one humana medicare advantage plan you could get all that coverage plus part d prescription drug benefits. with no copays or deductibles on tier 1 prescriptions. you get all this coverage for as low as a zero-dollar monthly plan premium in many areas. humana has a large network of doctors and hospitals. so call or go online today and get your free decision guide. discover how an all-in-one humana medicare advant

david rosenberg, what a treat to have you, david. great to see you again >> great to be on, carl. thanks for inviting me >> your general framework has long been no turn in equities until there's a turn in yields and i don't know whether or not you think that's on the horizon right now. >> well, it's on the horizon it's probably further out than i would have thought even a few weeks ago, few months ago. you know, interest rates, after all, are cyclical. and you know, we'll just have to wait for the fed signal. but you're 100% right that there has not been an instant in history where a fundamental of bear market equities tightened the yield curve. we'll have to wait for the fateful day until they not just pause and pivot but ease policy enough to push the yield curve into a more normal slope hopefully that'll be the story the second half of next year but there's no bottom in the major averages until that happens. >> right we like to talk about tech on this show. we just had a long discussion about pcs there. but you can add in apparel and autos and freight and commodities. how much

inflation might not be the story we are talking about in connection with your prayer we spoke to david rosenberglier today and the work he has is we are staring at an inflationary environment into next year and whether or not we are going to much further on rate hikes and that will get us into a more complicated picture. to the inflation story we talked about before the mohamed el-erian clip, you get a number this week that is above the expectations and we will see what is happening. vicky morgan already making their review note on possible equity risks. >> of course we are talking about the deceleration and the margin on the move. as anyone talked about how quickly the economy plays as well? is this a repeat of the 80's, close to 70's. the markets will have a really tough time pricing in. the s&p 500 still green up zero point the nasdaq 100 10 year yields at 2.88. global news, 24 hours a day, on-air and on "bloomberg quicktake", powered by more than 2700 different journalists and analysts in over 120 countries. -- this is bloomberg. ♪ >> keeping you up-to-date with news from around the world. n

tom: we don't talk enough about it but that is the david rosenberg theory that you will see a rapid path to disinflation. we saw that twice in 1947 to 1953. jonathan: looking forward to those numbers. matt miller will catch up with the ceo of gm nader. we are going to check in with jordan rochester. i saw the number in your note. walk us through it. jordan: at this time last week, i set next to you in the table. we set in connecticut as well we are looking at 1.55. what you have seen over the past 12 hours is an extreme lack of a volatility. the previous two weeks we have been on a big high with the march up to nearly 152 and the near sweep down on friday. let's quiddity -- liquidity was then and the wall street journal talking about the fed possibly becoming dovish. we have had some temporary setbacks for the long dollar-yen trade. the u.s. interest rates are rising and the japanese are not. on the fundamental side from the trade side, the dollar-yen is likely to keep rising from japanese importers this winter going out and buying lng, coal, oil, even though prices are cooling down but

i want to bring in kerry sanders who is outside the courtroom, chuck rosenberg, and david weinstein, a florida-based attorney. kerry, i was watching the reactions, the faces of those family members. it's impossible to even imagine what they have gone through, what they continue to go through, but talk, if you can, about the families, about the mood and the tension around that courtroom today. >> many, in fact most anticipated that there would be a death sentence. the chief public defender here melissa mcneill had done an admiral job in terms of presenting the reasons to avoid the death penalty, but the family members who had listened to what she said felt that it would fall on deaf ears with this jury, a jury of seven men and five women. i'll give you a little sense of the makeup, who was on the jury who then chose in this particular case, i think surprisingly to many, to go with a life sentence death sentence. one is an i.t. analyst who had worked in construction, owns a semiautomatic weapon. there's a financial advisor there who is a former french military officer, a probation offi