pulitzer prize winner jim stewart who won that award for his coverage of the 1987 crash is joining usore on what to expect >>> and finally, we have an activist from newell he's part of the battle to get the board changed. he was just on it. he's going to join us in an exclusive interview shortly. >>> we did begin with the markets. the dow and s&p coming off the worst market in over two years, it is bouncing back a bit this morning. mike, what is your take on the early action >> on the early action, it's constructive but not persuasive in terms of -- >> that's good, man. >> in terms of how it is playing out. very much large income based you have to be somewhat encouraged by friday afternoon, if only because it showed you that people didn't take the excuses to say, well, i'm going to be a frayed going into the weekend. plausible last week's lows were something like the lows for now, but i think everyone is saying the same thing a sharp correction like this has really -- it's something that was overdue, but you don't necessarily know how it plays out from here. one interesting thing is,

coming up, pulitzer prize winning columnist jim stewart will join us here at post nine with his takeaders in relation to the recent gun violence across the country. but first, let's get a check on where we stand in the markets. and we are holding onto gains here dow up 85 points, a third of a percent being added today. s&p up by 11 nasdaq composite higher by 29 points more "ua othstet right after this today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical team

broadcasting group sky joining us right now is "new york times" columnist and cnbc contributor jim stewarts for being here today. >> sure. pleasure. >> so you saw the news yesterday. caught everybody by surprise, and you thought what >> i thought, this is a great move by comcast. it's bold. it's aggressive. and they're going after a very valuable asset that puts them as a big player in the international playing field, and i think one thing that's become perfectly clear to me, if not everybody else, the media landscape that was always very u.s. and hollywood centric, it's a global business. you have netflix global, amazon with huge global visions and it's not enough to have market share. >> the u.s. regulators aren't going to let you get much bigger. >> that's one of the biggest things about the move. that was mourdock's excuse for not selling the whole package. this is off the table. >> let me ask you a question the stock of comcast is down it would invariably be down. they have anxiety about this transaction. craig moffett was on our show yesterday, and he made the point that the satellit

>> we have jim stewart here, james it is obvious to me, you tell me oregon these are those kinds of thingsre the market is not able to function well what was that all about. the word then was oh, higher wage growth means higher inflation. but guess what this week we had higher inflation and we had higher interest rates and we're having a huge rally it suggests to anyway it was not about higher inflation it's exactly what you said, jim. it got too high, there was selling, the programs kicked in and overdid it it was like a mechanical reaction >> real wages were not that robust, and i think a lot of what passes as imflags could be more temporary than people realize. when you look at a way to handle your portfolio in this period, peoplement to buy, hold, and forget >> if you slept through it, you're okay and you didn't get worked up about it on the other hand, volatility is an opportunity if all you do is what i do which is rebalance the portfolio you came out ahead with this by mid january it was out of line, overweight equities and then when it plunged, i looked and i rebalanced back. when