let's bring in roger ferguson. he's the former ceo.e always watch consumer sentiment so closely because that can be a self-fulfilling prophecy how do business leaders and their confidence levels have any sort of impact on the economy as well >> good morning, becky, thanks for having me. the answer is that business leaders make a large number of decisions. we look at their plans for hiring, capital expenditure, and we also have questions involving inflation. so they're telling us how they're seeing inflation as well so it is important to watch these surveys, and when we see ceo confidence plunge to the levels we're talking about now, around 34, anything below 50 under indicates a slow down either now or coming. they're expecting a contraction. they are watching closely. >> when they say this he are expecting a contraction, they do think it's going to be shallow and brief, though. that may be key to this, if they're not planning for a big downturn, maybe that's something to take a little heart in. >> no, i agree we asked what they expect

roger ferguson on the next move from jay powell and hadthe fed? >>> check out the biggest winners and losers as the market has been on a win streak tesla and viatris and solar edge technology they could do well on the bill just passed. and monster beverage and norton and penn entertainment rbat beresnd i.t. security and caonedevag go figure. we're back after this. wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. become an agent of innovation with invesco qqq ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized ed

let's bring in roger ferguson. the ceo of tiaa and former vice chairman of the fed.ou don't study history, you are doomed to repeat it. it is on everyone's mind and every very interesting piece in the op-ed of "the journal" and looking at the '70s and arthur burns. i wasn't aware he was an accolade of milton free dman. he taught greensspan and is a fan of paul volcker. one of the things after everything that happened is congress is to blame or needs to share in the blame all congress is trying to do is improve the lives of americans with employment and everything else sometimes that causes a lot of printing which the fed has to cover. is that happening again here or has it happened again? >> there's no doubt that we had a period of fiscal stimulus to deal with the chrisscrisis emerged from covid there continues to be debate if that was too much. the most important part of what jay powell had to say was at the end. point number one, federal reserve is responsible for dealing with inflation so while there may have been, you know, some points of too much fiscal stimulus

we have roger ferguson as well what did he hear and what kind of action will go with the words from thehope he'll tell us. see you then. >>> let's do final trades. brenda >> i have google if we look at the digital ad market and see continued slowing, we think search is ski still a very relevant place to spend dollars on if we look at google's profitability, cloud business should begin to improve. at 18 teimes earnings, it is a good story >> okay. good stuff jay snipe? >> i like chevron. i like energy space period free cash flow yield over 11%. a strong quarter last quarter. i like to stay long here. >> okay. josh brown, what do you have for me >> oil and gas producers sat out most of the bull market this summer that bull market is vreversing. ieo. this is what i'm doing >> do you own cheinere is that yours? >> yup new record highs this week >> as you have been pointing out. thank you. okay farmer jim wrap it up >> exxonmobil. a fairly non trcontroversial ply easy way to be in the energy >> given the bpull back. i'll see everybody in overtime in a few hours that does it for us. "the exch

we are just getting started here at post 9 at the new york stock exchange i'll speak live to roger ferguson on what the fed's next move is likely to be after that very hawkish powell speech in jackson hole an interview you cannot literally afford to miss we begin with our talk of the tape this ugly sell-off and what could be a reality check for investors on where rates are going and the fallout for