michael farr, president of the money management firm far, miller and washington, joins us now. good to talk to you. >> hi, sharon. >> there is so much concern over brexit. first janet yellen's testimony and what we're going to hear there. likely she is going to talk about what she does all the time, economic uncertainty, and that is heightened with this brexit referendum vote coming up. what do you think will be most important to hear from her as she heads to capitol hill? >> certainly, share, tomorrow she's going to talk about her data dependency. i think she's probably going to do her very best not to give any clue as to direction. but it seems to me that a rate hike certainly before the election is clearly off the table. and i think this is brexit, just another excuse, and it's starting to drive me crazy. i'm sick of excuse after excuse. the fed has been there with money and easing monetary policy and keeping rates artificially low for seven years. they've got to get out of the way. it's time for them to go. they'll never run out of excuses. >> you think they're afraid of th

michael farr is a contributor and david sourbee also joins us. >> good afternoon. >> absolutely. >> you'reanging in there. are you buying yet? what are you doing here? michael? >> i'm always long term optimistic, you know, bill. but i think right now when you're so much uncertainty over the brexit, people trade perception because they don't know what reality is and trading and the babies are being thrown out with the bath water. i got a call from kenny saying sales lining up to sell on the close are really getting bigger, almost 400 million shares. this could be a continued down day. >> that said -- >> there are opportunities. so maybe you look at some of the banks at one time book. killed. you have to do some buying i think. >> where else do you like, michael? >> you get the banks one times tangible book with a 3% dividend with a treasury at half of that, 1.48, i think that those become compelling at least to start to nibble. consumer staples. health care. i was care you at the halftime report. the airlines. you have to start to look at when's really getting killed and try and find the ba