why aren't movie stocks my colleagues ben levisohn, jack hough. we know earnings are coming down.s were up this week. what can engineer a soft landing. big number this week with the jobs are portrayed as a great number print much stronger than expected over 20000 jobs or if you look at the details you sell the wages were not terribly hot. they're actually going out. not as much as inflation. solid wage growth lacking inflation means may be can actually engineer the soft landing. without having to block the economy. >> avoiding the wage spiraling at the center not buying it. >> not really proud there's a lot of wishful thinking right now. if only because those two things you mention the fed is raising rates and earnings are decelerating pretty put those two together that's not a great combination for this not been very good for the market. jack: richard bernstein has simple box with each of those things where the wrong box. so what are you looking for next week to maybe tame this excitement? works earnings are going to get a lot of attention pretty specially for the banks. really w

my colleagues, andrew bary, carleton english and jack hough, good to see you again, you are better looking than you were pre-covid. ben: i feel strong, how's my hair and makeup? carleton: i feel good. jack: despite one good day on friday in the market, it is an ugly first half, the worst first half in decades, the worst for bonds. ben: super old as you know. s&p laughed -- last 20%. bonds, deutsche bank said it was the worst half of the 10 year treasury or any of its predecessors since 1788. it was a terrible year. jack: my 401(k) did badly that year. ben: three different bath stocks slipped on a bar of soap. bed, bath and beyond fell 23%, disastrous earnings, bath and body works, restoration hardware doesn't have bathroom in it but they sell things, last 10%, lower lowered guidance for the second time in a month. there is no economic term for triple stock collapse. i call it a bearish naked splash. it hasn't caught on but i'm waiting to see it. is this a broader deterioration for consumers? i will be listening. the consumer is the key to three scooby doo mysteries. how we entered a recess

jack: subsidizing the e-commerce business which could be interesting down the road. speaking of e-commerce the consumer slowing but i hear the houghose bargains on amazon.com. what is the future for the retail business? jack: i needed the coffee maker and the kindle and the nerve, i decided to return what i was going to bring to disney world. when i want to know about e-commerce i check in with b of a security because they have access to credit card data and they think e-commerce could beat by a little bit and prime day was quite strong. let me add a word about advertising. that's related to retail. when you do a search on google or facebook they guess your intentions and maneuver around whatever privacy constraint apple is putting on. if i search for popcorn salt, the fine-grained that helps it stick better, no question that i'm interested in popcorn salt and the good folks at morton's, that information is valuable to them. it is a fast-growing business, you normally profitable for amazon. carleton: i won't shame you for your next cooling popcorn -- let's turn to big acquisition amazon announced this week, one medical. how does t

on carleton, been levisohn, carleton english and jack hough was a very bad mood after that 9.1% inflation print and then some economic data some of which is surprisingly good. can you make sense of this. ben: it started as badly as you said. people became convinced the fed was going to raise interest rates by a full percentage point at its meeting by the end of the month. after that inflation print there started to be pushback from fed governor but then other economic data that showed consumers are spending money but only as much as it takes to keep up with inflation and dialing back for how far it will go up. these expectations had pulled back to 3 quarters of a point and the market had a great rally. jack: that is what the fed is trying to do. last week, you said you weren't buying this optimism. how do you feel now? >> i'm still worried. what is crazy is we have a great rally because the fed isn't going to raise rates a full percentage point but they will raise rates by 3 quarters of a point and that is a heck of a lot. we have that to contend with, the dollar is surging. they are at p