during the pandemic some of the stock market behavior yesterday i don't understand i understand jeff kilburgrthday to you sdpyou. >> thank you very much i feel like i did something wrong. jeff, thanks. >>> let's talk about the covid concerns and the delta variant welcome chris meekins at raymond james. former health official always a must read chris, welcome listen, you have said it on this show i have read it in your reports which are fantastic. here is the sad part is that delta variant the latest there will be another one after that and another one after that you said it everybody in america is likely to get infected or vaccinated or maybe in some very small cases, both before this is done it is around the world not just here. where do you see this heading? >> look, the bottom line is we knew the delta variant would be impactful. it is possible we could see u.s. hit 100,000 cases a day. that doesn't mean we need to lockdown that is the wrong data point for investors and policymakers to look the important point is whether or not the health systems are overwhelmed by the number of patients

cnbc.com >>> let's turn to the broader markets and trading day ahead and bring in the big man jeff kilburgontributor. resume almost as long as you are, my man. >> thanks, frank >> jeff, we have a little bit of time left in the show. you have a lot to say. the forecast is a volatile week on the markets dow futures are down above their lows from early this morning, the dow looking like it is 150 lower right now what do you see as the catalyst for the volatility that you forecast >> frank, i'm impressed where we are to start off the week. this is the biggest week of earnings one-third of the s&p apple and microsoft and amazon we are looking at lockheed martin and boeing. a great cross section to understand if you look at the rhetoric from china and the u.s. treasury notes, the 10-year go lower. 1.24 six basis points lower a ton of uncertainty starting the week you see the german boom as you look for the week, i have confidence we will see giant tech deliver i feel comfortable that the sector rotation that we always talk about is in tact. the reopening trade should come to life with inflation

. >> all right, jeff kilburg, thank you. appreciate your insights jeff kilburg >> thanks, pal >> you bet >>> our next ghuest is focused n picking stocks what's on the list, steve? >> hi. and that was a great conversation just now and i think really the point to consider is not where absolute growth is, whether it be gdp earnings growth, inflation i mean, earnings season has been fantastic. the real question is the second derivative look, we're 3%, 4% off all-time highs with the delta variant pfizer and moderna are saying the vaccine is effective on these variants, but our expectations for the general economic landscape remain pretty positive over the next year. i think it's time to have investors start thinking about where the puck is headed next. the s&p 500 earnings should reach about $200 a share this year that is a massive increase, a 30% increase, over pre-covid levels the biggest question remains, what happens to growth rates from here? and i think the answer is we'll see lower growth in gdp, inflation, and earnings an

you very much >>> let's turn back to the macro markets and your money and bring in our friend jeff kilburgntributor. the cio of sanctionary wealth. what is the macro he view of th markets? i don't know if we are hitting stall speed or what? how do you feel? >> i feel pretty good this morning. sully, great to see you. the interesting thing, i know we are in the heart of earnings season we are excited to see what morgan stanley does today. the banks have kicked off great sentiment. the theme is fed chairman powell he is so cool. he was able to shrug off cool numbers. i want to call him cool hand luke he allowed this to grind higher. lock-in-step across the sea, visco talking about not tightening any time soon the central banker with the one-two punch. all talking how they let inflation move higher. we can talk all we want about inflation. we saw blackrock from the wage inflation move all employees higher 8%. there is inflation, but those are not the metrics that powell is using old cool hand luke has the markets moving higher. >> okay. i think cool hand luke i think i speak for our audience,