let's bring in nicole webb do you agree with that >> you don't have to >> it's better if you don't. >> it's preferred. >> i would love to go back to the conversation earlier, which is what breaks us out of the range we've been in. to some degree i do agree. we need to see margin expansion. what's the implications of it, the expansion of ai. i would go to buffet and sitting on enough cash, so much it's the economy of germany what does that indicate? he thinks rates today are higher than they're going to be he can capitalize on the short term, capture the upside there and make mindful investments when he sees the effect of tightening credit. a lot of growth we saw was in q1 bringing the convergence of all this together and to your exact point which is the market is pricing in cuts, is the market going to be wrong? it's a political game of chicken. how can you go into 2024 pushing rates on a trajectory where you're forcing the unemployment numbers to go up >> you're talking about the election year, 2024? >> absolutely. how is there not pressure on the fed? that's where i think you're see

♪ >>> closing bell, 3:00 eastern time adam parker, mira pandit will be with me today along with nicole webbbig been next week i home you'll join me then, final trades, joe t., up first. >> i'll put this on on the close. this is purely a trade, nothing more. >> trade >> you had earnings last week for amd. you had bad earnings and now you have good price action and they'll report earnings on march 2nd and it goes down to 81.02 and you see it at 85.50 and put a stop at 85.48 which is a high that morning post-earnings >> it was up on the ai-related report about a partnership with microsoft. they were making chips for microsoft. >> this is purely based on studying the price action. it's a trade >> 15% in a few days, three days, five days. >> how high is high? no one knows the answer. >> liz, final. >> gold. i've liked this for a while. i know it'sal all-time highs i think it's there for a reason. >> what's the name >> uso >> i'll see you on "closing bell." "the exchange" is now. ♪ ♪ >>> thank you very much, scott hi, everybody in on this monday. i'm kelly evans and here's what's ahead this hour

bring in wealth enhancement group senior vice president nicole webb.et's begin with the rate cuts. i have to start with this. almost all the experts on wall street pushed back this, based on somebody on wall street believes this will happen because this is the model. this is where you say people get it wrong? >> yes. it is so interesting to me we have been proactive in our anticipation of said recession. so we look at the measures we took to combat covid. inflationary output of, we look at, here is all of the trimming that owes occurred. we're proactively, we're planning, we're cutting jobs. we're doing it in a way quite systemic, and it is preemptive as opposed to reactive which is what we saw during the great financial crisis, during early on set of covid. to many point there is strong bull case scenario where we don't have absolute destruction over the next quarter 1/2 perhaps this isn't really the way it all plays out but to your point it seeps necessary for the fed to take some action at the back half of this year to to relief some pressures. char