our thanks to jim rowley, ceo of crunch fitness.esting conversation on the state of the fitness industry now that we are past the new year's rush. let's get a check on the markets right now. we will do that with abigail doolittle. abigail: we are seeing some brutal selling pressure here for stocks overall. s&p 500 down 1%. its worst day since february 13. not a huge difference. nasdaq 100 down 1.4%. is a broad-based selloff. chips down 2%. look at the small-cap index down 1.7%. there are not a lot of places to hide. this is as there are fears the fed will not be cutting as early as expected. we look at the two-year yield suggesting investors are waking up to this idea over the last stretch of time, up about 20 basis points but overall out of 470. not so far away from the psychologically important 5% mark. could we get data that would bring the yields higher yet to pressure stocks on liquidity not as abundant as folks would hope if the fed were to cut? as for stock. look at tesla down 5.7% on the production and delivery miss. i belie