scott mather, who says fed take a hike. scott mather, the cio of pimco. thank you. >> just over 45 minutes before the fed's decision. will we see the first hike in nine years? is the economy strong enough? former fed economist will be joining us. you're watching a special report, fed decision. do not change the channel. i'm watson. and today hundreds of companies are putting me to work. i'm teaching watson to help your vet speak dog. you're a dog, right? i'm teaching watson to help you make healthy choices. i'm teaching watson to help design a vacation around your personality. don't judge. i'm teaching watson to answer endless questions. how big is infinity? where do babies come from? why can't i have chocolate for breakfast? i'm watson and i'm ready to work with you. >>> welcome back, everyone. we have some news concerning american airlines. the faa saying that a ground stop is in place until 2:30 p.m. eastern time for american airlines. american confirms that they are having some issues. they say they are working to resolve technical issues impacting se

pimco's chief investment officer scott mather, big gross, allen blinder, formal federal reserve viceman and much, much more. cnbc's special report fed decision is all kicking off at 1:00 p.m. eastern. ie, scottie, top of this hour. make sure you join us. it's going to be a big one. back to you. >> certainly will. we will be will in about 15 minutes time. let's bring back in jeffrey gundlach, the ceo, founder of double line capital. jeffrey, welcome back. of the stock market, you said on august 24th it's in a mode of unsesht at best. you don't correct all of this in three days. the market is wounded, and it takes time for people to get around to feeling good again. >> i think you'll see a powerful move upward. at least initially. the stock market broke down pretty hard there in august, and it's typical for after a bomb is put in for the market to claw its way back up towards that breakdown point. the dow jones industrial average could rally 500 or 600 points, and it would take it up to that breakdown point. i kind of think that if the fed doesn't raise interest rates, you'll see that