joining me for the hour joe terranova, jenny harrington, jim lebenthal, capital wealth planning kevin simpson, the cio, and he is with us at post 9. let's check the markets. we have cross currents. we are red across the board. joe, i have the vix at more than a three-year low, oil the highest level of the year this week, yields are up today. there's taiwan semi news. the dollar index, the ninth straight weekly gain. i mean, you put it all in and you mix it up, what do you take out? >> i think we were kind of overdue for this. listen, in the month of september, we have not yet had a 1% move on any given day. we're sharply unchanged. so today when you have treasury yields, which are stubbornly high, near 16-year highs,fact, when you see the price of oil go to $91.15, when you understand today is not just a triple witching day but a quadruple witching day, the statistics behind that, scott, they're not good. if you go back to 1990, i think bob gave the statistic, you go back to 1990, the week following a september witching, the market is down 1% on average is the loss. bring it all together, sti

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. >> for more on this, let's bring in kevin simpson, founder at capital health wealth planning. >> thankut the cross currents and do you believe the data is not as reliable right now? >> i agree with jeffery's comments yesterday. i brought you the word of the day which is stalled. markets have been stalled. we are stalled. we will continue to be stalled for the foreseeable future for all of the reasons that were discussed yesterday. we have continue to navigate a stalled range-bound market. yesterday's narrative from the fed did very little to change that. we're not going from qt automatically to qe. a lot of headwinds and we need to be prepared for a market that is more choppy and not going straight up because we had the amazing dovish fed speak. >> you agree with the bond king. one thing that is not stalled is yields. will that continue to put pressure on the equity markets? there are sectors today that will be under priressure? >> i don't think that will change. bond yields we have not witnessed since 2006 and 2007. frank, we're talking about markets which have been buy bifurcated. yo

look forward to it adam parker with me and kevin simpson with some new moves in the market he'll updateh for us >> utilities today steepening of the yield curve and i think the sector leadership could switch. >> okay. could stuff. stephanie? >> ibm, up 2% year-to-date, but up 25% from its recent lows. i like the software and consulting mix, which is 75% of revenue. >> j.b. this >> if you have been hiding out in money markets, consider lengthening your duration a little bit current s.e.c. yield is 5% >> no shoes in the house >> no shoes in the house, ever >> thank you thanks for watching. i'll see you on "closing bell. "the exchange" starts now. ♪ ♪ >>> thank you, scott welcome to "the exchange." i'm kelly evans, and here's what is ahead this hour stocks are under pressure as the latest confidence report shows consumers very much under pressure, as well. we'll have more on that ahead, including three names you want to avoid because of it the dow right now down 282 the nasdaq is down more than 1%. >>> plus, more on the pain points we are seeing in real estate to the lending pressures amid

joining me for the hour joe terranova, jenny harrington, jim lebenthal, capital wealth planning kevin simpson and he is with us at post 9. let's check the markets. we have cross currents. we are red across the board. joe, i have the vix at more than a three-year low, oil the highest level of the year this week, yields are up today. there's taiwan sem

kevin mccarthy is facing. i think republican mike simpson he actually serves on one of these spending panels summed it up prettyccarthy, works with the democrats obviously the democrats are not going to do it for free. so it's going to be a compromise. then you're going to find a resolution introduced on the floor to vacate the chair and that is a reference to a procedural vote that would allow the sitting speaker to have a vote to be forced out of the speaker's chair. that is something that kevin mccarthy desperately wants to avoid. now, in recent weeks he has tried to convince conservatives to back off, he had a conference call last week according to me and my colleague manu raju where he argued they should hold their fire and should save these funding fights and demands for later in the year when they try to do long-term funding bills. we will see if that works. >> essentially play the long game, agree to the short-term funding bill and fight for the priorities in the longer term funding. we will see, melanie zanona. >>> this morning ukrainian officials say two people were injured in russian strikes south of

kevin mccarthy is facing. i think that republican mike simpson who serves on one of the key spending panels summed it up perfectlyrks with the democrats, they are obviously not going to do it for free, so it is a compromise and find a resolution introduced on the floor to vacate the chair which is a reference to a procedural tool to allow any single member to oust the speaker, and the conservatives have threatened it in the past and threatening to do it again if they don't get their way on the spending, and mccarthy is threatening that again, and he held a conference call with the republicans, and they told myself and my colleague manu raju to hold their power when the bigger fights come. but there is no indication of what will happen with that. >> and so, now, what is the mccarthy saying to play the long game, and get this done in the short term, and fight for the priorities in the long term, and is that enough to placate some of the hardliners? >> well, i mean, that is what mccarthy is going to try to do, but he is very aware on the other hand, that there are red lines that democrats won't pass here, and that h

simpson tells us to buckle up. it's can be crazy for september, october, november, december.the next four months are going to be wild.". both the white house and house speaker, keving for a short-term bill that will fund the government until later this year. allowing more time to address the broader issue. several republican presidential candidates spent the holiday weekend campaigning and one of the most crucial states in this election. new hampshire, home of the first presidential primary of 2024. and our jeff sullenly is there. >> the republican presidential primary entering a new post labor day phase. several candidates campaigning throughout the labor day weekend in new hampshire. of course, a critical step to the white house. iowa will vote first next january followed by new hampshire. several candidates were fanning out making their case to voters, republicans of course and independent voters as well. also important here in new hampshire. mike pence, who made the case that the race is not at the end. it's at the beginning per. >> i don't know about the rest of you, but labor day is when campaigns begin. [laughter] >> and i'm here because on [indiscernible]

mike simpson tells cnn i tell people to buckle up, it will be crazy for september, october, november and december. next four months are going to be wild. both the white house and house speaker kevin mccarthy are pushing for a short term bill that would fund the government until later this year allowing more time to adjust the broader issues. >> but it is not stopping president biden from celebrating his economic policies since taking office. on monday mr. biparden visited members of the local sheet metal workers union. union members have been a part of his base for decades now. >> and he slammed donald trump's policies and actions while in office while trying to shore up his own accomplishments. he appealed to the blue collar workers adding, quote, bidenomics is a blue collar blueprint for america. >> in my first three years, all this stuff, guess what, i cut the deficit $1.7 trillion. cut the debt $1.7 trillion. and one more thing. i was able to invest in you and still bring down the deficit once i started making people pay their fair share. >> meanwhile some republicans challenging mr. biden for president worked overtime this labor day weekend. >> they spent the holiday campaig