let's bring in liz ann sonders, get her rear action. >> noose to see you, of course >> well, i think avoiding the entire u.s. market may not make a lot of sense, but i think you have to be way up in quality where you saw speculative juices kick back in i think this is an environment where you want to stay factor foc focused. i think that's the way to navigate versus the get in/get out, which i don't think either of those are investing strategies. >> but you're at a cocktail company, and liz ann is like, why because stocks at all? i'm getting even more bank for ply buck and i can just sleep at night. >> well, it depends on the goals of the verier. on the long-term investor is looking to -- probably will want equity exposure. i think this is an environment within the equity exposure, up tore quality focused, and also apply the disciplines around diverseification. >> do you think the fed was hawkish today? how would you kavgtize what he said and what they did >> well, i think probably the important thing is what poult did not say, which i think is appropriate. he did not reinforce what

liz ann, thank you. it's good to check in with you. >> you too. >> liz ann sonders of charles schwab communications sectoritive and that's alphabet the ceos of crispy crimo and utz next hour. >>> as we head to a break, cnbc celebrating asian american and pacific islander heritage through business leaders here's a podcast host. >> what i would love for people to learn and take away from my journey as an iranian american is that when you stay financially curious, that's when you can actually start to build wealth it is the ultimate foundation for getting answers and leading you down the paths that are well aligned with your goals. - psst! susan! with paycom, employees do their own payroll. - what's paycom? a magic payroll genie? - it's a payroll app. - payroll is way too complicated for the average person. - paycom guides them through it. missing or duplicate punches, pending expenses, unapproved pto, on and on. - why would employees wanna do all that? - this could be a stretch, but i think it's 'cause they wanna get paid correctly. i like getting paid correctly. >>> the dow is lagging this morning. disney

all right, liz ann sonders, marching to the beat of her own drum. it's like chaos theory with jeff goldbloom where he says you think the drop of water goes this way but then it doesn't. thank you, liz ann. >> thank you, liz. good to see you. liz: investors seeing red when it comes to softbank after the japanese giants vision fund posted a record loss. now, investors are looking toward the mega ipo of a softbank-owned company as a way to sure up its balance sheet. which one and how did it do in the softbank earnings picture? we'll get it next. closing bell ringing in 36 minutes. you still have the nasdaq up 27 points but the s&p and the dow in the red. we are coming right back. we alw? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabet

. >> i would give you one more reminder, liz ann sonders joining us on friday we're excited about those mention that that's what nervousness looks like for a day. >> and yet it ticked toward -- above 20 at one point. it shows you it has a hard time getting ahead of steam, but it is on alert right now, a couple of points off the low from last year. >> all right so the dow was down by more than 600. recovered a bit. let's talk about that. down 357, but it all grows, leading the fed here up here in overtime tomorrow, overtime does begin now with morgan and john >>> we got your scorecard on wall street. welcome to "closing bell overtime." get ready for a big hour of earnings with reads on the consumer, the chip space, commercial real estate and more. our reporters are standing by to bring you results from ford, starbucks, amd, and silent property group. >> and the ceo of chegg, the company that got wrecked today as it worries about the effects of artificial intelligence let's get straight too today's wild