so we're lucky enough to have market rebellion cofounder jon najarian on.cause i think it's valuable that we have someone like you that can help us here. they say that they bid up the price of options too high, that they incur enormous bid-ask spreads and that they're too reluctant to close options after earnings are announced. let's go through those. bidding up option prices. i mean, you know, i guess it's supply and demand. the more people that buy them, the more they go up? >> true, very true, charles. and i think they really focused on volatility events from the paper that i read, that mit paper that you're citing. and buying options into a volatility event or buying a stock into a volatility event is, you better be very skilled and disciplined, or you're going to lose money. because those are times the volatility's high for a very good reason. it's high because they expect big moves out of that stock or etf, and like i say, if you're setting yourself up in there, you're definitely swimming with the sharks. and most retail investors, including myself be

i will bring in market rebellion cofounder jon najarian to help me with this. ba. charles: because of that dunking from the freethrow line on freethrows. that helped a lot of peoples average. >> yeah. charles: here we go, the weight in these funds, these are the big names. they dominated. what do you do? what dowhat do you think they ag to do? some market folks are telling people to sell the names before they start to make this announcement? >> i wouldn't be selling ahead of that announcement, charles. i know the nasdaq, i was over there filming this afternoon, i know that their ndx index, i don't think they're going to be changing as much perhaps as invest toe decides to change with the qqq. >> i gotcha. right. >> these are unduly large percentages of the ones that you show here. charles: they are. we know the outsized influence but again though, if you start to adjust, change the rules of the game what happens on the other end of this, right? there will be a point where these names are no longer dominant. i wonder, the formula how do you change the formula? ho

to the floor show, we bring in hen onand walsh's kevin mann and jon najarian. jon, give it to me, baby. you look at exactly what he laid out. no cuts this year, he said. no recession this year. what are you buying today, now? >> well, liz, we've had, just as andy and peter were saying, we've got a very uncertain fed right now. this is not a certain fed. they're going to talk tough all the way through jackson hole, all the athrough august until we get to september. so i'm looking at the vix, the volatility index for the s&p 500. it is down on the day. so don't pay attention to the match nations of the dow -- machinations of the dow, the s&p, the nasdaq. pay attention to the vix because that's where really big money is messaging -- hedging. and right now they're not feeling the need to hedge. they think that powell is still talking the tough talk, liz, but not going to walk the tough walk. so in other words, even though he said time and time again during the presser that he is not seeing the possibility of cuts this year, the street doesn't believe him. so the fac

. >> jon najarian our buddy, jon najarian, i can't unsee picture of you with the g-string.ad garlinghouse the fact they had a split victory. they think i'm not. liz: looking at that stuff. who cares. >> ever see -- liz: no, i don't. >> literally me in a g-string. like,. liz: all right. >> try to unsee that one. [laughter] liz: thank you, charlie. breaking news. negotiations between ups and the teamsters are now set to resume next week. ups says it is prepared to increase pay and benefits but needs to work quickly to finalize a fair deal. you can see shares are moving up but it is kind of a net-net neutral here because, they were already up and then they fell. they're up again. up 1% at the moment. we'll keep following this story. meantime we're five minutes away from the closing bell. any gain, even a fraction of a point for the dow, the s&p, and the nasdaq will mean new 2023 closing highs. too late to get in on the action? or can this rally continue to run? joining me now with what he says is the answer to that question, based on a unique quantitative system he has come up

we need to get you to friday, where i thought it was a jobs report, and jon corrected me and said it is about banks. erika najarian banks and consumer finance expert at ubs. just a general question to begin the discussion. what will you look for in the beginning of the press releases tomorrow, into monday, into tuesday? what is the theme you will look for? erika: there are really three things i'm going to look for. first is capital. like it or not, a lot of investors are laser-focused on capital and how banks are building capital. not just because the rules are getting tougher, but also because there continues to be uncertainty in the economy in terms of the outlook. no matter what the macro prints are saying. the second thing am going to look at is net interest income and deposit growth. although a lot of investors are thinking we are in the late innings of that being a negative catalyst for stocks. the third thing i'm going to look for is any signs credit is deteriorating underneath the surface. as all three of you know, the market is very sensitive for any hiccups in commercial real estate. those are really the