joanne feeney and matt maile, thank you both have a great weekend >> let's take a look at oil and the oil markets. it is friday, 1:00 the baker hughes rig count numbers come out and u.s. oil drillers cut oil rigs in september for the first month since july of 2020 baker hughes rig count, basically call it a flattish number, because you look at two things look at oil rigs across america, and then you look at oil rigs in the permian basin of texas by itself, because that's where the growth is spoede to be coming from, although the latest data there shows not. so u.s. total rig count, up one from the previous week there we go. gas rigs, down one so we'll call that flat. >>> all right, coming up, the fed showing no signs of backing off its fight against inflation. so what stocks can handle the sharp rise in rates? we've got a fed pain edition of three buys and a bail. but first, sheryl sandberg stepping down as coo of meta today. and your next guest thinks that mark zuckerberg should follow her out the door we'll tell you why, coming up. lily! welcome to our third bark-ery. oh, i can tell

ed: i want to stick with that micron conversation and bring in joanne feeney, advisement capital managementanager. micron seeing first quarter fiscal adjusted revenue, $4.5 billion. the estimate was $6 billion. some commentary around the slowdown of demand and supply catching up his astonishing. we are down more considerably compared to losses. what is your read on what we are seeing? >> it is clear investors were expecting a week guide from micron. they are reassured that micron is cutting by 30%. that's what investors are looking for. we have supplied from memory makers and not enough demand because of the weakness. they expect pc shipments to be down 50%. they are taking steps, but that youed: we look to micron as if t is a crystal ball. what is the story when it comes to consumer electronics? which geography are we most concerned about? >> worldwide slowdown in consumer demand. micron is going to pick that up. what is happening beyond the consumer? we still have a lot of data points, industrial remains strong. -- will take another year to work through. texas instruments are well-positio

. >> right now for more on the markets, joining us is joanne feeney she's a partner and portfolio managerers coming as a shock to the markets looking at the fed futures now anticipating quite a bit longer and higher in terms of where the fed's going to have to keep rates. what do you do here? >> yeah, good morning, becky i think the markets are finally realizing that the fed has a difficult task ahead of them they're going to have to keep raising rates to make sure inflation rates are the anchor and that creates a challenge for investors. we recommend higher quality names and for those already in retirement, names that generate dividends, not just decent dividends but dividends that can rise with the rate of inflation. >> we are looking at futures at this point down by more than 470 points we were up more than 250 points more than we got these numbers 20 minutes ago it's amazing how quickly mr. market can change his mind >> the u.s. economy is facing real shocks. we've moved on from an energy shock. prices have come down. what we're seeing are ramifications of the labor shochblgt from cov