jan hatzius is with us so we will go quickly. lisa.ooking at stocks that yesterday were much better than expected. fedex shares are up nearly 3% ahead of the open. they are seeing some labor shortages ease, profit margins come in better than expected, going against the gloom narrative. shopify bouncing a bit after ruling out new features, but those shares are down more than 70% this year. and twitter is up after reporting that they will give you learn musk whatever he wants to see in terms of data over the weekend, and elon musk was trying to back out of the price tag he had by asking for more -- that is my interpretation. looking at banks, given the fact that they will be rolling out buyback plans, interesting to see that citi is not participating. how much has been already baked in? bank of america is up 0.4%, jp morgan as well. how much can these banks reprise the value of their shares given their stocks are down so far year to date, and they still have billions of dollars of suspected share buybacks coming? tom: thank you so much.

. >> jan hatzius, thank you for coming by in person. chief economist at goldman sachs. >>> coinbase becoming the latest crypto firm to announce big layoffs. last month dan dolov was asked his thoughts on the company's ramp-up in hiring at that point. do you remember what he said >> it feels like the final scene from thelma and louise where they're heading toward the cliff. >> not such a bad call after the break, what the broader meltdown means for the fintech space and the economy. the dow down 279 information technology only sector green but about to go negative we'll be right back. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. (heartbeats) introducing icy hot pro. ice works fast... to freeze your pain and your doubt. heat makes it last. so you'll never sit this one out. new icy hot pro with 2 max-st

kriti: that was jan hatzius earlier, sounding somewhat optimistic on the economy, even if a recessionits. we are going to hit breaking news and come back to the recession topic because we are getting breaking news from the supreme court. the u.s. supreme court issuing a mississippi abortion opinion. this upholding mississippi's 15-week abortion ban. this is significant as we talk about the wider array of the implications of what is going to happen in terms of national ban. guy: the supreme court has overturned roe v. wade. let me just repeat that. this is a huge moment for the united states. the supreme court of the united states has overturned roe v. wade, the abortion rights ruling. a huge moment.a hugely divisive moment for the united states. we have been waiting for this to come through, and now we have the details that we have been waiting for. we now know which way we are turning the supreme court -- turning. the supreme court has overturned roe v. wade, the abortion rights ruling. let's continue to talk about the implications of this. this is something that has been long in the