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pnc bank. >>> someone's got to stop normal i'ding izing this conduct. okay? -- whether or not you believe that the criminal charges are right or wrong, the conduct is beneath the office of president of the united states. and, you know, this is the great thing about this country. booing is allowed, but it doesn't change the truth. it doesn't change the truth. >> real time analysis of how the crowd felt there when chris christie was saying that. that was former new jersey governor chris christie hit with boos following his response on whether he would still support trump if he wins the republican primary. meantime in just a few hours from now, the former president will turn himself into the fulton county jail after being indicted for the fourth time, this one in the georgia election subversion case. joining us now, legal analyst michael moore. along with the rest of our crew this morning. just talk to us about -- we say it, but it is not one, not two, not three, but four in five months and that is the contrast image people will see later today to the others on

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pnc bank. >>> welcome back to "power lunch."of abercrombie & fitch shares doubling after strong results in part thanks to demand for the new trend in jeans. wide leg. i think it is, anyway. morgan stanley upgrading stock to equal weight and remaining skeptical in the long term. joining us the analyst morgan stanley research analyst alex stratton. great to have you here. stay on trend on what do you think about the company? >> hi, kel pip thanks for having me today. look, our view isn't intentionally thoughtful, it's balanced in the range of outcomes we see for abercrombie. in a bull case, momentum continues to turn around groups more durable, calls reflect more wholesomely. that's the case, the business could certainly deliver high single digit or low digit number margins moving upward in the stock. say $70 or more. almost 30% upside from here. >> right. >> but on the other side, you have to be fair that there's a real reality that out performance is well above historical trend. hollister isn't perfectly on inflection point. ove

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pnc bank. >>> good morning. i'm carl quintanilla with courtney reagan, post 9 of the new york stock exchange. >>> as powell says, inflation is too high and more hikes could be necessary. we'll talk to cleveland fed president mester at the bottom of the hour live from jackson hole. >>> the ceos of intuit and affirm are with us. both stocks react positively to those results. >>> the executive director of shein as forever 21 and shein come together in this buzzy deal for fast fashion. >>> we'll take a look at the markets following that speech from fed chair powell. the all are modestly lower. nasdaq is pulling up the drag there, down 0.60%. we had been positive earlier in the session following what was largely expected, carl, from the fed share. powell maintaining his hawkish stance during his much anticipated speech out of jackson hole. powell saying he's still open to further rate hikes. >> although inflation has moved down from its peak, a welcome development, it remains too high. we are prepar

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