joining me now, the fed whisper er and scott redler. this conversation is super important to a lot of people who make any investments whatsoever. the market is pricing in a fourth jumbo hike of 75 basis points. what we need to hear from you is what you are hearing chair powell will say about maybe a pause, a pivot or not. >> well, liz, thanks for having me. that is the big question tomorrow, you know? the meeting that the fed is having right now, they're very likely to be discussing how much higher they think interest rates have to go, and then you sort of get into the tactical question of how quickly do you think you need to get there. so that is the deliberation that it seems likely they're having right now. the question for tomorrow is, you know, does chair powell actually have to say where they came out on that question? do they reach a consensus? there's still a lot of data that's going to come out before the next meeting in six weeks, so sort of a funny position where we're speculating not on what they're going to do at this meeti

it is very close to that level that scott redler was talking about, getting lower and lower..7% or 69 points and the nasdaq taking it on the chin, now lower by 203 points. well, we've got former disney ceo bob iger's first town hall since the dramatic ouster of bob chapek, not having its intended effect on shares, which are down 3.28%. we are looking at the low of the session for disney. disney's latest release "strange world" was quite the turkey, raking in just 18.6 million since it was released five days ago. this latest flick, which wasn't even promoted. austin, did you hear about this? you've got little kids. no, he doesn't even know the name. okay, it cost 180 million to produce, sources estimate the film will lose at least 100 million. but, "black panther" wakanda forever is the gift that keeps on giving it added another 64 million to its domestic tally during the five daytime frame and the news comes as former ceo bob iger returns to the helm of the company, replacing the man he had picked to take over, bob chapek. right? so there was this company-wide town hall today

let me get to scott ed redler. when we talk about what's going on with the inflation picture, one is a coincidence, two's a pattern. that's the old expression, right? >> yeah. traders were looking to see if the ppi would confirm the today a that that we saw last week. -- data that we saw last week. finally it showed9 that the fed was doing its job getting inflation lower. you had a weaker than expected cpi, a weaker than expected ppi, so the market responded well. but s&p 500 4 -- s&p 4000, weak resistance around the 200-day and a lot of big name guys like wilson from october were saying we can get to 4100 before maybe the market starts looking at the pe of the s&p for next year versus just inflation data, and that could take us backhoer. so traders are trying -- back lower. traders are trying to thread the needle here, and today's news with poland definitely does throw a little bit more complication into the mix. first of all, it's horrendous from from a humanity standpoint, two people killed. you never want to se