broader market struggle dominated by the federal reserve and today alone, these two fed shares lyle brainard and mary daily reiterating a plan to squash inflation and that plan is to continue hiking interest rates and here's write why: core pce, personal consumption expenditure and this is the preferred inflation gauge and cp icon super price index and it is going in the wrong direction. 4.9% for the month year over year, that's two tenths of a percent higher than july and second month in a row that it has risen and yet even with the head winds, the labor market remains resilient and the question of the last day of september will october find firmer footing in the markets. get to the floor show and joining me now is fitzgerald and economist luke tilly. looking at third straight quarterly loss with turbulence in the markets and how did october in the start of q4 play out. >> will it continue on this course and despite it suggesting it's making numerous mistakes and the second administration pushing on the spending and now other than that, frankly, liz, i would love to see october get a bottom

the dollar was down .2% after comments from lyle brainard. look at what it is doing to brent crude. brent crude now with an $88 handle. i want to mention a key event we are waiting for. we are tracking the apple event. the company is set to unveil the iphone 14 line. analysts will be watching the pricing as inflation hits budget conscious buyers. let's go back to the currency stories. they have been the headliner all day. >> we have seen the dollar continuing to strengthen. that is tightening financial conditions, creating ripple effects. i think what is going on right now in europe is confusing. you laid out well over the last couple of days. tighter monetary policy and out a bazooka of fiscal stimulus potentially coming on. 5% of gdp in europe. those two things do not go together. kriti: joining us is our guest. we just heard emily roland talking about this dynamic. we have fiscal and monetary policy fighting each other. i would argue this is a stock story, as well. walk us through the connection. >> it has been a huge story. when you break down the s&p 500 revenue exposure index,