. >> let's bring in stephanie link of high tower advisers, eric johnson, stephanie is a cnbc contributor. good to see both of you. erica, to you first, you're still super negative and i'm wondering what still prevents you from being positive even in incrementally. you seem to be doubling down every time you come on >> there is not a lot to be positive about we would disagree with this new found view that the chances of a soft landing, no landing, or the chances of recession going down, we would disagree with that view completely i think if you look at all of the coincident indicators, payroll is one of them and the current strength of the consumer, they're doing great. labor market remains somewhat tight. but that's not a forward looking indicator. if you look at the forward looking indicators and you look at things like the fact that we're at 3.4%, unemployment rate, which is by definition the top of the cycle, delayed reaction to fed hikes to some degree whether six months or two years, leading economic indicators for ten months in a row, consumer excess savings they still have, going

eric johnson has been super bearish, so we'll find out if he's changing his tune, which he sometimesind out let's do final trades. liz young, you are first >> ding dollar this time this is more 30 to 45 days there's weakness in the dollar i think it sees some strength coming up. >> mr. baruch? >> lng energy. blowout earnings report. the world does not have enough natural gas, and they make their money exporting natural gas. supply that is out there will meet demand at this level. >> prices are so incredibly low there. farmer jim >> deere this blowout earnings last week -- >> the won that weiss just trimmed? >> that's my catalyst. >> i know you too well >> he changed it in the commercial break >> okay, that's great. my final trade is alibaba. i don't know why anyone would want to own a chinese stock. i would be a seller of all chinese stocks >> that does it for us "the exchange" begins now. ♪ ♪ >> thank you very much, scott. eye, everybody i'm kelly evans. here is what is ahead this hour. where all have the doves gone? how much higher will they go and how quickly will they get there?