i'll ask jack ablin what stocks investors ought to own.ew obesity drugs have the numbers going down on the scale, but it could be making health insurance more expensive for all americans. and later, the sphere is here. we'll take a look at how you can make money off a brand new entertainment venue in las vegas. we begin, as always, with three things investors ought to be thinking about right now. stocks down sharply for the week on the latest news of the fed. investors are now looking ahead to next week's key economic data. then the housing market urn pressure. mortgage rates remain above 7%, and existing home sales are nearing a 13-year low as homeowners happening on to their properties, but investors can find attacktive yields. and finally, rocket labs' stock hitting a -- taking a hit. we'll look at at the company's prospects. on the round table, ben levisohnings, carlton english and jay con sonnenshein. so -- jacob sonnenshein. jay powell's comments really spooked investors this week, ben. >> yeah. you could say that the market is fed u

i want to go to crescent founding partner jack ablin. ck, i want to start with the same question, about this mountain of debt, higher borrowing costs, can in go on inevitably? can in inevitably mount? will we sit here 10 years from now, 300 trillion this, 100 trillion that? could we conceivably be doing that? >> it is remarkable. i think we had, we could have had this conversation as you pointed out 15 years ago. it was certainly a hand-wringing concern then. now, with interest rates rising as you pointed out, we've got roughly 2.6 trillion of treasury debt coming due next year. currently carrying a coupon about two. you have to refinance that somewhere in the fours, that is another hundred billion dollars of incree mental interest expense. our interest payments as part of our overall discretionary budget is now approaching that of defense and medicare. that will likely surpass both of those numbers over the next two years. charles: so is that how a society a nation starts to stagnate? okay, we sort of become like the average american whe