what to do you make of what moynahan is saying?sumer spending slowing but nothing like this massive severe recession the likes of jamie dimon are talking about. >> jamie has softened his hurricane talk a little bit. if you split the difference between the two guys maybe you are on the right path. a personal comment, 4.5% interest rate from a 2-year bond, did that with extra cash rather than go into the market and questions how long short-term rates are supposed to have smaller returns from long-term rates. we had that inversion for the past 6 or 7 months. a lot of indicators towards recession but one thing moynahan is right as we have the cushion of labor, all the extra jobs out there and the number of people wanting to fill those jobs has protected the economy. the heart of a recession means people losing jobs, we've had some instances of job losses, nothing major, nothing to really upset the cushion we've had that protected us from recession. neil: the fed is overdoing it. if you have yet to see a dent in inflation, with rate hik

what do you make of what moynahan is saying?my view of big bank ceos is usually critical but it is like br'er rabbit, don't throw me in the briar patch, if they believe what they are showing, us bank lending would be as robust. margins have been going up because their deposit costs are low. they make bigger profits on loans and do more of them. if they believe things are going to be bad, they are talking it down from what they are doing. neil: he is not speaking like a lot of the other s, like goldman sachs or wells fargo. he sees a relatively strong consumer. he is or read about this high rate environment and that is where he shares the scent of a lot of others but we've got different reads and that. a few minutes ago, we got word southwest airlines ceo, another 8000 employees next year, if we are going to hell in a hand basket, what do you make of where we are? >> we are not going to hell in a hand basket despite people fearing that we are. the reality said simply, air travel is globally any single airline aside, any single lo

robert moynahan, the editor and founder of vatican magazine. charles watson, the life and legacy of benedict xvi. >> reporter: it was a rich life and president biden is mourning the death of pope a meredith -- pope emeritus benedict xvi. the president released a statement a short time ago reading jill and i joined catholics around the world and so many others in mourning the pass of touch of pope emeritus benedict xvi. the statement goes on to say he will be rumored as a renowned theologian with a lifetime of devotion to the church, guided by his principles and faith. cardinal joseph ratzinger had been a key advisor earning a reputation as a staunch conservative when john paul ii died, after more than 25 years as pope, it took two days to give the job to 78-year-old german, a scholarly man who didn't particularly appear to want it. as pope benedict xvi he battled relativism, the idea that is true for one person might not be true for someone else. pope benedict's visit to the united states will be remembered not only for his birthday celebration

andrew: it one of the best managed banks, ryan moynahan rival jamie dimon in his ability and you goth is trading reasonably, 10 times next year's earnings and a 3% dividend yield, big risk is recession but bank of america is one of the best portfolios in the industry. they could be insulated if something happens. jack otter: the housing market is beating home sales, prices might be falling, homebuilders are depressed according to sentiment indicators we get. why do you like toll brothers? andrew: toll brothers is a differentiated homebuilder. the roof is not caving in on housing, the industry should remain profitable in 2023. it is more insulated because it sells luxury homes, costs one million dollars each, risen 400,000 for its rivals. it is trading pretty cheaply, 7 times earnings under book value. you could have a wildcard coming up, the cofounder died, that could be a takeover candidate for one of the bigger rivals or berkshire hathaway. jack: what will happen to been's house and jack's house? andrew: 10% or no more. jack hough: i like everything about delta excepted being an al

let's bring in "new york post" business reporter lydia moynahan for more.bout this? >> sam bankman-fried is still living a pretty good life. he actually flew private from the bahamas to west chester and then today he was let out on $250 million bail. as you mentioned, just a few weeks ago he said he only had $100,000 to his name. so, how did he possibly come up with all of that collateral? either he was lying when he said he only had $100,000. maybe he transferred funds that we don't know about to another trust. his parents cosigned that, their palo alto home as collateral. then there was a third person who signed as well. >> judge jeanine: i saw that. >> non-disclosed nonfamily member which raises a lot of red flags. who is this person? were they previously paid off by sam bankman-fried. we don't have any visibility. >> judge jeanine: there is 25 million they have to post on $250 million bond they usually put down 10%. >> but they have to have that collateral. >> judge jeanine: yes, the 25. >> where does that come from? it seems clear that all the money he

far if you listen to the comments out there from various ceos as early in the week we had brian moynahan saying he expects there to be a mild recession it won't be an extremely deep one. to henry's point early in the show a mild recession is tolerable. you want to avoid a deep recession. a deep and long recession. >> i think henry dixon from mangroup made an interesting point. mild recession is not one the community has not seen before. when we think recession, we think global financial crisis and eurozone debt crisis we don't think about something that is mild bringing back to the ppi print today to get investors ready for it the expectation is manufacturing inflation may have eased further last month what do we know about manufacturing so far the ism manufacturing print that we got index a couple of weeks ago was somewhat with gloomy it showed slowing there. in contrast to the ism services index which came out and triggered price action and concern because services side of things seems to be holding up well stateside >> it shows how data dependent we are central banks have done away wi

jamie dimon, moynahan of bank of america, they were very strong about this boisterous consumer the americanconomy. they were saying a recession is not their base case. you are starting to see more and more commentary from wall street's biggest ceos. starting to change their tune a little bit, saying 2023 might finally be the moment when the economy catches up to the market carnage that has been pricing in some of that recession. dani: it also seems like these warnings are going hand-in-hand with the job cuts they are announcing. >> bracing for recession is becoming a bigger and bigger thing. investment banking, even some of the trading revenue. now morgan stanley talking about 1600 job cuts. it follows about 20,000 jobs added in the last two years. you can really see them pulling back on this idea. the other banks aren't doing job cuts, but they are slowing hiring. the idea that they are still hiring, just at a slower pace. dani: it probably does feel fair to say that the talent war has almost gone in reverse. democrat raphael warnock has defeated republican challenger herschel walker in th

let's turn it over to liddy moynahan.n the evening of him spilling his guts to mad maxine waters under oath we got popped in the bahamas, perfect timing. >> are there coincidences? maybe not. regulators felt they were being taunted he was going on this media tour. he was speaking with one person on twitter for an hour and then he had a forbes interview and painting this narrative of this sort of awe shucks i'm doing my best. i just don't know what happened. i want to be helpful but i just don't know where the money went. >> jesse: he was on tv more than fauci, i think. >> ain't that the truth? yeah, so i think people were really tired of this narrative. tomorrow was going to be the first day he would go under oath potentially perjure himself. it's unclear what would have wanted ha. the reality is like all of these interviews, all of this testimony that he was doing, there is basically two possibilities. either he is innocent and an idiot, in which case he is not going to enlighten us on anything. or, he is a psychopath an

banking chiefs, the ceo of bank of america brian moynahan warning about three perspective quarters inlation and consumer spending so the outlook has looked grim in the last sessions. >> lots of red on the board, joe man that, we just teased this. microsoft with play station, if it successfully acquires the developer that makes the game. explain that to us, why is that important? >> yeah, that's exactly it, so microsoft is potentially offering this deal not just to sony, but nintendo as well, to have the ability to host call of duty on the game consoles for the next ten years. it's part of microsoft's plan to the creator of call of duty game. to be names as an anti-competitor or potentially mon no liftic antitrust could be in there if they go down that road. this is one of staving off concerns to say if they do, it will allow competitors to play call of duty on their game consoles. whether it's enough for regulates. >> cnbc joman karadsheh joining us. >>> we're going to break down the verdict of which found the trump organization guilty in a long running tax scheme. >>> plus, what the

from a fundamental macro perspective, we are seeing that mild recession that brian moynahan referencedmerge in that first half of 23. we also see so far not the case of deeper, prolonged recessionary environment, but we will have this lag impact from nearly 500 basis points of med rate in 2022. that comes to fruition in the first half. that means part of what has happened in markets already reflected this recession ahead. we have all been talking about how the move lower 25% drawdown in the s&p in september really did reflect probably a mild, not deeper, prolonged recession. we are back up, the s&p has moved 10%. we think the risk reward is skewed as we are heading toward economic slowdown. historically, markets do bottom in a period of recession. keep in mind, markets can move and recover before the recession ends. three to six month prior to a recession in, we could see that recovery playbook come into play for us -- for s&p broadly, but also for markets. that is good news for bond investors and equity investors. guy: europe is probably already in a recession. the rest of the world i

about this, if you look at that chart, it's gone down in a straight line here and i just think that moynahan speaking earlier in the week at the conference and saying that maybe falling in line with the other money center banks like jamie dimon has been saying about consumer and loan growth and all of that sort of stuff. so to me, i keep an eye on the banks. because it looked like two weeks ago they'red ready to break ou and they're not. i think you want to check them out. >> so courtney, is the action in the money center banks like b of a, jp morgan, what you think of the financial sector or is the regional banks hit harder in some cases >> i think what will happen. the regional banks will hit harder but the bank of america does look interesting because you're getting the price on the idea that a recession is going to happen right now but they also are a lot if we do start to see the yield -- the yield curve steepening, they're going to benefit compared to other banks. so it will be a beneficiary. >> is this a financials trade that you like, guy >> what do you think i'm the negative one ban

jim flaherty, qenos reporting, like hunter knows, snorting "new york post" business reporter lydia moynahan. and by age five , he was reminding his classmate to tip the wait. staff writer and comedian joe davido. >> okay, before we get to some news stories, it's friday ,so it is time for this gregs leftovers from. yeah, it's leftovers where i read the jokes. we didn't use this week. now, just like greg does, this is my first time reading is here we go . a viral video is facing online backlash after a construction worker was filmed kicking a food delivery robot. the man hasn't been charged with assault, but the robot is facing battery charge. earlier this week, twitter users voted for elon musk to resign as his company's ceo. although a subsequent report revealed that 90% of the votes came from biden's laptop, actor robert de niro was shocked to find career burglar chanis of vlas, robbing his apartment on monday. this is weird. usually when a black woman takes his stuff, it's after divorce proceedings. >> that's what i thought you'd say. kellyanne conway was spotted having dinner with disgra

americans not participating in the modern technology economy area jonathan: you see that rumor about moynahanng? tom: from france? jonathan: in the mix to be the next treasury secretary. that was in the rounds for the next couple of days, which is odd. tom: yes, but lawrence bank. jonathan: a few times. that rumor, that target, no one wants that. it's shifting around the street. tom: within the politics gets in, do we want someone from manhattan to be running the ship? this is too important right now, surviving the weekend. it's the heat of the american cup thing at washington, you have to take phrases from the america's cup and what we will say now is that we press on and pulled back with anne-marie right now. after that, is washington riveted by the world cup? annmarie: some are. across america, if you grew up following it for a job. whether you enjoy it. i love it, it's unfortunate for me that it's only ever -- every four years with competitions to look forward to but people were more into it when america was winning. but now, who have they decided?. let's go to john denver in west virgini