let's get to the floor show and the great scott bauer and scott shellady. scott shellady, the most heavily weighted stock on the s&p 500 is apple. it hit an all-time high yesterday, under pressure today on the report out of bloomberg that the iphone 13 demand is softening, but under pressure down half a percent. what do you think is driving the overall market action today? >> well, obviously, the statements about no lockdown s. what we should be afraid of is that they even considered lockdowns, liz, even considering them is something we should be afraid of because we know they don't work, right? just to give you some numbers, an 85-year-old person, un vaccinated 85-year-old person has a 10,000 times higher likelihood of dying from covid than an unvaccinated 10-year-old but yet we're considering treating them both the same. it's insane, and i think that's what got the market nervous on friday and for the balance of the last three days, and now that they've actually maybe taken that off the table people can take a deep sigh of relief but if you google headlin

to our floor show traders, scott fullman and scott because bauer. all right what do you see as going on in the market psyche right now? >> you know, a lot of risk off obviously, and with the potential for rising rates here. these pet companies that really are not making money or have just in credible multiples, incredible pe's those are the ones getting hit the most. that's where people are completely just shedding any longs and actually taking big short positions as well. that being said, liz, there are a couple out there, you know, based on what may or may not happen with the fed here, that i really like that i think you can buy on the cheap here and some of these cloud security stocks, like a z-scaler, both of those i think you can get in on the cheap on a big rebound here. regardless of what the fed does. overall though, what is the fed going to do? i think they absolutely need to accelerate the tapering and they need to tell people, yes, we expect a rise in rates starting in whether it's may, june, get that out there. i think the market accepts

scott bauer, again i mentioned apple because it's now something like $2.8 trillion in its market cap, and this be the third record close of the year, so that's impressive. so you've got that, plus you broaden the aperture the dow is still up about 13 points at the low, it had been down about 116, even in light of these wells and jefferies headlines, you know, how do you look at the headlines and say okay, omicron maybe a bigger thing, at least when it comes to dinging the economy if people start canceling big events just as jefferies says we're not going to have client events or holiday parties, and then by the same token, there's still a reopening trade because we don't have a shutdown here in the united states. >> they're absolutely is, liz and this last scare over the last week or so from omicron has proven that that really is front and center what is driving this market, because before that came out, market was running well, the economy was running well, hot, yes, but had accepted the fact that the tapering is going to be accelerating and that interest rates are going to be rising