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. ♪ ("please don't go" by harry casey, richard raymond finch ) ♪ (ping) ( ♪ ♪ ) ♪ please don't go ♪ ♪ ) ♪ don't go away ♪ ( ♪ ♪ ) ♪ please don't go ♪ >>> now the wall street is worried that the federal reserve may have to keep interest rates higher for longer. that includes stocks of high rate companies. it's now down 12.5% from its high three weeks ago. recession fears have faded. we know they would get a big boost from the fed. now the fed fears are back. while now course has a ton of great infrastructure if the strike is definitely -- hangs on it could be bad for the steel industry. also didn't help when they did their standard preannouncement that they have to guide more -- that could send the stock down 6% in a single day. the chairman, president ceo of new core. welcome back to mad money. >> thank you for having me. >> i got to tell you i have to ask you. how worried should i be? we have a federal reserve talking about rates longer, higher, for what seems like a -- a very tough cycle. we have all this great money. you are running leaner that have. your clients for the most part

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♪("please don't go" by harry casey, richard raymond finch)♪ >> announcer: the bond report is broughtby pimco, a global leader in active fixed income. ♪ please don't go ♪ (♪♪) ♪ please don't go ♪ (♪♪) ♪ please don't go ♪ (♪♪) ♪ please don't go ♪ (♪♪) ♪ don't goooooo ♪ (♪♪) ♪ please don't go ♪ (♪♪) ♪ don't go away ♪ (♪♪) here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> less than 15 from the "closing bell," let's get back to kristina partsinevelos for a look at the key stocks she's watching. >> t-mobile is in focus as it announces a $19 billion shareholder return program through the end of 2024. that will include stock buybacks along with its first dividend