all these stocks are down again, you were at the conference yesterday, doug pinto sent j.p.vestment banking that were not what investors had anticipated i'm curious what else you were picking up, obviously the consumer is also a concern ally financial things of that nature, in terms of declining credit quality. >> that's what i wanted to pick up on, allied warned that de delinquencies were worse than expected on auto loans so i asked brian moynihan what's going on with the consumer, and you might be pleasantly surprised to hear what he had to say. >> the consumer is not getting worse -- >> ally financial this morning at the conference warned that auto and car delinquencies were worse than expected. >> we're seeing them come out if we thought they came out and basic delinquencies going back to where they were more or less in '19 >> so not getting worse. actually stabilized and barclays with a big u.s. consumer bank as well, here's what the ceo said about the consumer. >> we still see good numbers in terms of impairment in our cards business we anticipated some of the rise --

doug >> no, it's dan. >> but i'm cutting numbers. >> you don't like this sguy. >> solomon, many ways disagreed from pinto doesn't mean anything. >> seen two hours. investing club in the meantime, dow is down 130. we're back after a short break ♪ music ♪ ♪ unnecessary action hero! ♪ ♪ unnecessary. ♪ was that necessary? no. neither is missing your daughter's competition to do payroll. with paycom, employees do their own payroll so you don't have to miss your daughter's big day. time to shine. get paycom and make the unnecessary unnecessary. ♪ ♪ ♪ ♪ this one is for you. >>> good thursday morning. welcome to another hour of "squawk on the street. i'm sara eisen with carl quintanilla and david faber, live as always from post nine of the new york stock exchange. we lost some of the early gains and lower fort s&p 500 down 0.2% nasdaq unchanged outperforming again. communication services best performing group warner brothers is helping david will talk about that in his new reporting in just a bit. alphabet, higher, meta, netflix. consumer discretionary remains higher as well you've got the home builders rallying and some of the hotel compani