renaud is standing next to tom farley. there will be another one going next week. individuals who might have very high credit card debt can consolidate that credit card debt. maybe it's 14%, 16% and sell to investors for 7%, 8%. >> we'll continue to check in with you, bob pisani. strong day to go public for lendingclub. markets are certainly in rally mode with the dow up 1%. s&p 500 up more. the nasdaq up 1.3%. later, ray dalio will be speaking at the conference with andrew. >>. >> we are up 190 points on the dow. s&p 23 plus. good to see both of you this morning. >> thanks for having me. >> where are you on this low energy price, bad for the economy narrative. are you pushing back on that? >> no. we raised our gdp forecast. you talked about the tax cut to the low-end consumer. it will help transportation. there are a lot of pockets of the economy it does help. we think you can push back on earnings a little bit. we took down earnings to around 124. we are looking for 2200 on the s&p. >> why would multiples expand as earnings are slowing? >> you have to take a glob