liz ann sonders, charles schwab chief strategist.sales on thursday alongside initial jobless claims. tomorrow morning, cpi in america. with a lift of 25 on the s&p, looking forward to catching up with lori calvasina, the head of u.s. equity strategy. we will do it on bloomberg tv in 20 minutes. after not upgrade to their price target. 4900 for next year. looking for a little bit of volatility in between. tom: i am not going to say i've never seen at, but the optimism and constructive enthusiasm of lori calvasina and others is so opposed to what i read over the weekend watches -- which is fear about a market correction. jonathan: we have seen a little bit of a lift across the board. what are we seeing? lisa: let's characterize this lift. it is basically a lower expectation than the bulls. these are not bullish calls. 4500, it is not like this is a massive return. basically this is looking forward at a lack of reasons for the market to go down at a headline level. that is important. given what we are dealing with with the amount of mon

of last year and graets voices to help navigate the selloff including tony guyer, jeffrey sherman, liz ann sonders and rick ryder >> great market voices there fist let's get to the big stories. mike santelli tracking the selloff. steve liesman with highlights from the senate testimony. mike, pretty broad market and focus on tech. >> yeah. absolutely broad this was not a typical clean rotation type move out of tech however really didn't do much but to get to last week's pullback zone. the most direct tangible thing going on today sa global lift in bond yields. that is weighing most heavily on the big growth names and news from washington and unclear if that feeds that directly into that we had that rebound off the september 23 low of last year. we didn't regain all of what was lost prior to that decline and then you had another drop and retested it. it is not an unusual dynamic to roll back to that area we are still late september. i don't want to minimize what's going on in the news or the economic and central bank effects but you have to keep in mind there's market dynamics look at the s&

dave: at least one person cares, liz ann sonders over at charles schwab. tom: she will be on later.ut this note friday on twitter. she puts out a bunch of charts every day. this one caught my eye, looking at put call ratios for individual stocks as opposed to those for indexed options. what is interesting is you've got the biggest gap between these two ratios, the ones for the individual shares and for the indexes, in 14 years. it basically tells you people are piling into options as a way to bet on stocks, and at the same time, you've got more hedging going on in the index options. at least, that is the way it looks given the numbers. tom: the indexes are blended out to be a more cautious statement now, where the roulette players are going long the market in the individual calls. dave: absolutely. you did fine, tom. but think about the meme stocks. we've seen when you get these bursts of gang, it is not just in the shares of these companies. it is also in the call options. using about robinhood or competing marketplaces where you can basically trade options for free. the commission

stephanie link and delano is with us and liz ann saunders joins the conversation now your snapshot takeaway>> coming into this looking at positioning in the options market particularly retail investors, there was actually a bit of prep that had been done for some sort of pullback and then as they've proven to do consistently in the past year bought the dip in earnest on tuesday and why we have had the rebound we have had and folks watched the 50-day average and monday's swoon down took us below that than we have hit before and now back above that so i think that technical picture is improved, too i wouldn't be surprised to see continued swings like this not to mention a lot of churn and rotation under the surface. >> what happened with bonds today. the 10-year yield 1.42 saw a lot of selling in the treasuries are you surprised the broader market held up especially like technology, nasdaq finished higher by more than a percent. last time seeing the yields move like this technology got hit. >> it did. but that was into the late march period where you had had the move from 50 basis points last

foreign secretary liz truss has vowed to continue the fight to get anne sacoolas to return to the ukice" and thousands more people flee the volcano that's erupted on the spanish island of la palma. the government has struck a deal with a fertiliser firm to restart production, in an effort to maintain supply of carbon dioxide. it had stopped because of the huge increase in the price of gas, prompting warnings from the food industry — which uses co2 for a range of products — that supplies to supermarkets would be affected within days. the company is called cf industries and it provides 60% of the uk's co2 supply. it had stopped work at two of its sites, but as result of the deal the firm will reopen those plants, which are in cheshire and stockton—on—tees. although it could take as long as three days for the factories to start producing co2 again. the prime minister has said the government will do what it can to protect consumers, following a spike in wholesale gas prices. speaking to our political editor laura kuenssberg in new york, borisjohnson was questioned about increasing energy

. >> leigh ann, there's not a republican, other than adam kinzinger and liz cheney, that feels comfortableoing after him publicly, right? >> yeah, that's absolutely right. the base of the party is still -- even though trump is not the same factor he was when he was president, the base of the party is still beholden to him and they're rabid about him. and republicans, especially in the house, know that. they're afraid of primaries. afraid of being on the end of trump's bullying because they know that will hurt them in their gerrymandered districts where they're likely to win -- they're going to win the general election. it's the primaries that matter, and that's what they're worried about. >> to me this has been the danger all along for republicans. it's the sense that don't anger him. appease him a little bit. it will go away. it will get better. >> has appeasing worked? >> it's not working. i don't like that it's been called an audit. that puts an air of legitimacy to it. it was not legitimate. the legitimate forces, the people whose job is to say these elections were fair, have ruled. th

. >> leigh ann, there's not a republican, other than adam kin sirnger and liz cheney,■ç that feels comfortablecans especially in the house know that. they're afraid of primaries, afraid of being on the end ends of trumbullying because they know that will hurt them in their gerrymandered districts where they'll win a general ■ç election. it's the primaries that matter, and that's what they're worried about. >> to me this has been the danger all along for republicans. just don't anger him, apiece him a little bit, it will go away. it will get better. >> has apiecing worked if. >> it's not working. i don't like that it's been called an audit. that puts an air of legitimacy to it. it was not legitimate. the legitimate■ç forces, the people whose job is to say these elections were fair, have ruled. that should be the end of it. i don't think the point is to say, we want to take every election we lose and say we won. the point is to undermine the integrity of the entire process. once that's gone, i don't want to be the alarmist, but it is very dangerous. >> that brings me to this robert kagan column

liz cheney to be vice chair. signaling his intention to be bipartisan. he is challenging the house republican leader kevin mccarthy's attempts to undermine his work. >> annempson is with us and yamiche is still with us. let's talk about what they can do. >> this is a significant move by the chair of the committee, benny thompson by appointing liz cheney as vice chair. our reporting has shown for the last several weeks that democrats on this january 6th select committee have been really impressed by representative cheney. so there's always been talk about putting her as vice chair of this committee. it has happened now and it's happened now in part, we think, because there's a new member of the republican conference, representative biggs. he's not a new member, but a new ask from leader mccarthy to remove representative cheney and another republican from the committee, adam kinzinger and it is not to have them as spies within the republican conference and he doesn't want them on it anymore. so her elevation to the vice chair of this is significant because it attempts to show the bipartisanship of this commit and there are also politics at play here as well

brought into foreign office, this is a return to cabinet for anne—marie trevelyan, she will be international trade secretary, which is the role liz secretary. has colic at the department of health, nadine dorries, she has also had a promotion into cabinet, she will now become the new cabinet secretary. other moves as well, some staying put, ben willis, the defence secretary, stays where he is. a move for steve bartlett, the chief secretary to the treasury, he now becomes the cabinet office minister, the chancellor of the duchy of lancaster. there is sajid javid, the health secretary, i think it would be extremely unlikely that they would be moving sajid javid in this reshuffle. he'sjust gone into downing street. steve bartlett, the former chief to the secretary has become the chancellor of the duchy of lancaster, taking overfrom michael gove, who was moving to the department of housing and community is moving to the department of housing and communities. quite a lot of movement in this reshuffle. it’s of movement in this reshuffle. it's tric to of movement in this reshuffle. it's tricky to locate camera and the door of number 10

foreign secretary liz truss has vowed to continue the fight to get anne sacoolas to return to the uk first time the scots have played a world cup qualifier at hampden park — with the stadium now their regular home ground. over 18,000 watched them play a friendly there ahaed of the 2019 world cup. for every home game, to be there, it is a huge boost, not just for us as players, to be able to play there, but for fans it is more attractive. it's a great day out for friends and family that want to come, and, yeah, just really happy that the scottish fa have made that decision. all four home nations are in action this evening, england are top of their group after their opening 8—0 win over north macedonia. leah williamson will continue to skipper the side in the absence of the injured steph houghton. they face luxembourg away. northern ireland are also in england�*s group and after beating luxembourg 4—0 last week are expected to make some changes against latvia with some of the younger squad members getting a run—out. they�*ll be playing at windsor park for the first time in nine years.