. >> great segue let's dive into the key -- >> there's a rundown >> first time for anything mark newton, mark, great having you on you say 3810 just like steve key level for the s&p. 280 for the qqq nasdaq etf that's around their may lows do you see them holding at those levels >> hey, frank. thanks for having me i do think there's an above average chance these can hold for a couple of different reasons. one is that this entire selloff in the last few days has been driven by the dollar and yields moving back up now both are near critical resistance and i think they can hold in the fed meeting. my own cycles and projections show that yields can start to back off so i like buying tlt. s&p for now, the spx, that's a key level. you know, i do think that probably can hold. look, technology has done better in the last month. if you look at equal weighted technology and strip out the faang, invesco is positive versus xlp, it's been down but technology as a broader group has been better than one might expect >> mark, appreciate the insight. technical analysis pete, to you do you agree with this

i think that's where we have to listen to jim and tom and mark newton and kol on vick and say there's a scenario that doesn't look like today. >> josh, oracle didn't say the world is ending. there are companies reporting earnings that have not been bad. their outlooks haven't been bad. maybe jim is right >> today happens to be one of the days damage is substantial share prices go up and stay up nice to see. it is rare this year i am in fedex. talk about that later. good news for stock. miraculously up at 12:30 that's not consistent with what we have seen this year we have seen consistently companies have quote, unquote good earnings, guide higher, and have their share of prices sell off. that's the preement feature of the stock market why is that? we have to do more work to the down side and multiple just to accommodate normalized interest rate policy. we started the year 21 and a halfish, forward earnings per share multiple we lost about a quarter of that. right now 15 and a half. i don't know where it bottoms out. the point that steve weiss made early in the show is important we don

stephanie link, greg, mark newton, we'll talk about the markets.erything down and maybe other guests as well to react directly to the earnings let's do final trades. josh first >> no matter how volatile i'm sticking with chargepoint, chpt. >> visa, we talked about payments earlier global leader and cross border payments are picking up. >> pete? >> going right back with nvidia, scott. still long the stock i see huge call buying i think the stock will break 200. >> that's another key one to watch coming off microsoft and focused on big cap tech. not that this is among the biggest but it's big enough. steve, what about you? >> xpo filed confidentially on the spinoff of their technology enabled broker business. it will lock huge value as brad jacobs usually does. i would buy it here. >> i'll give you one last check of the market. we were just about at the highs of the day we'll see if that continues up until the close and i'll see you in a few hours "the exchange" is now. >>> thank you, scott hi, everyone i'm kelly evans. ahead today the fed is squarel

mark newton, one of the best, folks. thank you very much, my friend. >> thank you.harles: 66% of americans say inflation is getting worse. hear from you. tweet me: @cvpayne. i want to see your comments. is inflation getting worse? how are you tightening your belt buckle. she made awe fortune and is back. tracy shuchart breaks down what is next for the oil patch. we'll be right back. ♪. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. - i'm norm.

i'm scott wapner you just heard the bells and we're just getting started i'll speak to mark newton whoere is the bottom. but we begin with our talk of the tape this re-set of the stocks and your money and your expectations for all where all of those might be heading in the weeks and months ahead let's ask jim, severity partners and members of the halftime investment committee jimmy, it is good to see you your optimism was tested this week so where do we go om

mark newton, a well-known tech technician, said it was the reversal on nike that could lead to new lows. he said this rally looks complete for you do do you agree >> williams says don't write off the rally. i'm with you the cycle positive is right here let's talk about nike. we spent a lot of time on that last night there was a moment in the nike call when the cfo said these supply problems, they could last for years. and i so much want a do-over i want him to come on and say remember when superman, set the world back eight seconds >> spun the world around. >> one of my favorite segments we need to take that back. you can't hear that everything that went wrong is going to go wrong for a long time. it's funny bed bath used to be largely american sourced, but the ne ceo came in and said we're going to source it from overseas and save money it seems like in the middle of the pacific is just a gigantic amount of inventory for everything and it's just not the right time maybe ollie's. i'm a member of the ollie's army it's the only army i feel is secure at this moment. ollie's is going to get

what levels are important to hold mark newton, a well known technician says that even after yesterday's selloff, as long as we hold, say, the high 3,800s, that that may low is still viable >> i think there's a bifurcation in the market that's extraordinary. you're seeing stocks like that i like to pick on ones that are doing well airbnb, door dash, these stocks go down, 9, 10%. docusign goes down 20% we have two markets, the markets created by 2019 going forward, and we're just taking those apart every single day, and then we have other parts, led by oil, banks go down, draft down, health care is okay. david, i think what people are saying is do you remember in 2000 when they decided to take apart everything nasdaq with cisco and intel. bristol myers held up. we're just doing a 2000 playbook i think that dusted it off >> i do hear those comparisons to 2000 often as well. we've looked at different parts of our market as well, in terms of the speculative access, related to crypto. the damage being done to some of these companies is not dissimilar you're right that said, jim, many of the c

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mark strassmann, cbs news, newton, north carolina. >>> the "cbs overnight news" will be right back. way to kill bugs? zevo traps use light, not odors or chemical insecticides, to attract and trap flying insects. they work continuously so you don't have to. zevo. people-friendly. bug-deadly. sweet pillows of softness! so you don't have to. this is soft! holy charmin! oh! excuse me! roll it back, everybody!! new charmin ultra soft is now even softer so you'll want more! but it's so absorbent, you can use less. enjoy the go with charmin. >>> steve hartman and his adorable kids are backit a new installment of their series "kindness 101." today's lesson, fortitude. >> reporter: this is my daughter merrill. >> hi. >> reporter: we have two forks on our desk. this one merrill made out of stone, this one i made out of cards. merrill, which fort would you rather live in? >> stone one. >> reporter: right, because this fort has more -- >> fortitude. >> reporter: the word fort is right in there. what's that mean? for that let's go to emmet at the dictionary desk. >> good morning. fortitude is to