they ran away also, and lisa goldman, 5 spectators from a rooftop overlooking the festivities with a high powered rifle of the several children taken to hospital. at least one was in critical condition at the time medical authority say the age range of the wounded is 8 to 85. they were gunshot ones and it varied from abdomen to lambs and such, but the police were on seen very quickly. there was bystanders as well that were under date as well. they were quick to tie, turn a cats and do bleeding control. just 10 days ago, joe biden signed legislation seen as the 1st major gun safety law in 30 years. however, it did not institute any restrictions on the purchase of assault weapons as gun control, advocates of recommended and independence day celebrations of the white house. the president acknowledged that more had to be done or what happened today. but each day we reminded there's nothing guaranteed about our democracy. nothing guaranteed about our way of life. we have to fight for it, defended and earn in by voting. there are approximately 10 man shootings a week in the united states d

lisa: goldman sachs has talked about the strong dollar and how that is going to reduce earnings-per-share by 1% to 2% in a way that perhaps has not been big in two valuations. how do you have value wait the dollar strength up until a couple of days ago and how that is going to factor? sarah: i think the faster, the hired the dollar has moved and the weaker other currencies, do people worry as much is about the currency translation issue, or do they look at the united states and see an equity market that is in better economic shape than some of the other equity markets globally? ultimately that will trump the factor of whether or not the dollar strong is a problem, but it is going to be in ways that people have not necessarily calculated yet. jonathan: awesome to hear from you. sarah hunt of alpine saxon woods. none of us around these tables thinks that snapchat or twitter are bellwethers, but ultimately it has certainly sharpened the focused, reinforced the focus on alphabet and meta later this week. tom: i just flat out don't agree. granted, facebook has its own challenges. i get that. b

goldman sachs. calling for a recession year end. lisa: let's talk about natural gas.has been so much of the focus in europe. you are seeing prices surge as russia is willing to use the supply of natural gas as basically a war tool, as they figure out how to gain leverage. jonathan: i love how you can say, all we can talk about is natural gas, and tom is talking to himself about australia. tom: it is a barefoot vibe. jonathan: i have no idea what that means. tom: i am not going barefoot in australia. jonathan: >> we are go

goldman sachs wants to take some of that and wealth management. lisaere is the parlor game and horserace of who gets one business -- what business and the dollar higher on the heels of these reports because there is a macro wager in a holding facture buyback and building the credit -- i'm wondering if you are waiting to see -- waiting to hear similar stories to see if they are position for a difficult next couple of months because they are more exposed to rid sentient -- recession bets. sonali: the macro got even harder and you heard them mute expectations. wells fargo will be interesting given their tied to the consumer and mortgage market. bank of america has been guiding the consumers steady but will they share the same concern of charge-offs? valuation, morgan stanley is committed to buying back $20 million worth of stock while jp morgan is suspending buybacks. morgan stanley is also more expensive. all of these businesses are still very volatile and subject to the macro environment. tom: alison williams, looking at headcount. jp morgan $260,000, m

lisa: in the soup of recession talks, joining us to discuss is cameron dawson. -- dawson, morgan's are presented, and a representative from goldman sachs. start with cameron. airing the swell of recession talks, has become an inevitability? cameron: given the fact the fed is committed to raising rates rapidly and tightening beyond -- it is likely recession is in the next all months. its import and we consider the retail sales data from today or jobs data from last week. those big come in stronger but they tend to be lagging indicators. it is likely we start to see deterioration of that data eventually but it does signal we are not already in recession. that the consumer has not fallen off of it yet. but again, because the fed is committed to tightening policy as much as it is, it does seem we have some kind of recession, be it shallow, if we get one. lisa: it seems like a number of fed members pushed back in the discussion for the quiet period next week. elana fed president suggesting today he is not in favor of 100 basis point rate hikes, saying " moving to the medically well undermine a lot of the other things working well. we

i have to say, goldman, sharon bell out this morning saying she can smell the complacency from miles away, and they do not like this market. lisalot of people have been talking about complacency. we are still seeing that rally continue and a lot of short positions come out. we are poised for the biggest rally coming back -- going back to november 2020. some people last year were talking about how there was a faulty call in transitory. included among them, barbara ann bernard. she was saying this is not the case, it is stickier. you need to plan. she is the chief executive officer and chief investment officer of wincrest capital, joining us from the bahamas. can you talk about what you make of this rally we have seen so far in july, which might be the biggest going back to november 2020? barbara: thanks for the opportunity, lisa. i think this is a bear market rally, for sure, and based on hope, not free cash flow. not on the free cash flow of the consumer and not on the free cash flow of the corporate. what we are looking at is negative real wage growth, which is why we have the lowest consumer confidence in 40 years. what busin