here's rick rieder from blackrock earlier. rick: the story we are going into deep recession, i am not sure that i buy into that. it is ambiguous as to whether we are going into recession. but we are slowing and if you actually parse these numbers and look at goods employment and the three-month moving average, you are clearly slowing. alix: parsing through those numbers and the jolts did see some cooling in the job market. let's go to the white house with heather boushey, member of the council of economic advisers pray great to see you. 500 basis point hikes from the fed. are you surprised at the strength of the labor market. ? heather: we have continued to see a strong labor market. we took steps early to get the economy back on track and recover from the pandemic and deal with the supply chain challenges. i think you can see the proof is in the pudding. under the president's watch we have added 12.7 million jobs. continuing to add jobs each month even as the pace has been slowing. for the last three-month we have added jobs a

with turning the page on may and we have two big interviews to set you up for the months ahead rick rieder joins. he'll give us a read on the markets and the fed. bill miller, iv, we'll get his take on the ai trade, crypto and more we're watching d.c. as the debt ceiling vote gets under way. here is your score card with 60 minutes to go. the final day of the month, a whimper. major averages all in the red. tech taking a bit of a breather and cyclical areas getting hit as concerns of another possible rate hike continue to swirl. >>> that leads us to the talk of the tape whether summer is likely to bring a swoon or surge of stocks let's ask dan greenhouse welcome back. >> thank you. >> we're about to embark in the summer selloff, swoon or surge? >> there's a lot of technical reasons to think we're up against the 4,200 level is what everybody speaks about we've had a pretty good rally. attitudes about the next fed hike, you could make a case for a selloff in the lower part of the range. >> you think we're in a better place than we were months ago? you've been reasonably cautious. does the mar

rick rieder, we'll get his read on the market, where he thinks reits are going, what the fed is and is, and everything else. and bill miller, he joins us as well, too. he just -- we have the debt limit at 3:30 eastern time so we're action packed don't miss that. anastasha, you are first >> it's been a monster month in semiconductor, so i would like to rotate that to the u.s. treasuries if the fed hikes in june, so i'm sticking with ief. >> jason >> i like medtronnic here. they introduced a slate of new products i like this name going forward >> joe t.? >> merck, you buy it here. >> t what is it up year-to-date? >> basically unchanged >> had a great year last year. >> great year last year. >> emblematic of the health trade this year. >> and i think the environment is the right one >> jenny >> another safe play to hide, williams company it's the premiere natural gas player one of the things is it trades high, but it doesn't affect their business >> i'll see you on "closing bell." "the exchange" is right now. welcome to "the exchange." i'm kelly evans. here's what is ahead the debt deal c

he'll reveal the one tech name he's pulling back on >>> plus, an interview you won't want to miss, rick rieder is here on "closing bell" 3:00 eastern time we have a lot to taltoimk h about. looking forward to that tomorrow we're right back ♪ rebecca is there when you feel not so hot. ♪ ♪ this is larissa, who's feeling glown up. ♪ ♪ and this here is winnie, who zhuzhed up their cup. ♪ ♪ this is victoria, helping women stay healthy. ♪ ♪ these are your kids, snacking snacks ♪ ♪ made with veggies. ♪ ♪ and matty can help ♪ ♪ you find your new favorite color. ♪ ♪ and kyle helps find meds for under 10 dollars. ♪ whoever you are, wherever, whenever, at cvs, healthier happens together. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that kno

with turning the page on may and we have two big interviews to set you up for the months ahead rick rieder'll give us a read on the markets and the fed. bill miller, iv, we'll get his take on the ai trade, crypto and more