too high he says rallies can and have happened along with higher interest rates let's brin in peter anderson ranked among the top performing managers of u.s. growth equity for the second quarter of this year, returning, i'm looking now, 46% so that's notable, peter it sounds to me when i'm reading through your thesis on a lot of this that you must be watching cnbc's coverage and reading through the financial press a lot and just yelling back at the talking heads. >> well, thanks for the candor you know, i have always marched to a different drum. the beat of a different drum, and this past year has been no different. you know, i am on record for saying there was not going to be a recession. and i still am in that camp. also rising interest rates, i have been pounding the table for that i know all of the theoretical textbooks tell you about the simple dividend discount model, rates rise, stock prices decline. but it's an oversimplification so it's a more complex problem to look at and this time, i was lucky and happened to call it the right direction for the past several years actually >> you

good to see you, peter anderson this morning.at cisco systems the stock is up after the networking copy posted a strong fourth-quarter and eased some concern of a spending slowdown, the company sees solid demand, custer demand gaining orcish or innovating in key areas such as a.i., security and the clock the stock is up 11% year to date and tacking on another 3% on cisco. i should be one of the most heavily traded. a dramatic video to show you showing the arrest of dangerous mexican cartel drug dealers. breaching their way into texas. were to talk about when we come back, who wins in a matchup between president biden and president trump, new fox news polls have some answers. they're coming out. stay with us. ♪ ♪ what if buildings could tell you how they could be more efficient? i'm listening. well, with ibm, you can use software to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money... ... and emissions. yup. tha