All right, guys, thanks so much. Welcome to closing bell. I'm Scott Walker, live from Post 9.

Here at the New York Stock Exchange. This make or break out begins with a suddenly uneasy market.

With some key questions facing investors, more on that in just a moment, but here is a look at the scorecard.

With 60 to go in regulation today, stocks have been mostly lower for much of the day.

The CPI was largely in line, but noisy, so not exactly a lot

of conviction behind that reading. Investors continue to assess the fallout from the administration's

increased attacks on Fed Chair Powell and J.P. Morgan kicking off earnings season today. The stock

lower this afternoon, and it's now negative as you see on the year by some three and a third percent,

just as other large financial institutions get ready to report in the days ahead.

Elsewhere, Delta shares, they are lower following its earnings report.

We'll have more on that ahead as well.

It takes us to our talk of the tape, whether the move up in volatility is a sign of even more

to come in the months ahead, as some are suggesting. Let's ask our headliner today, Liz Ann

Saunders, chief investment strategist for Charles Schwab. Welcome back. It's nice to see you.

Nice to see you too, Scott. Thank you. How about this volatility, which is renewed?

It feels like, is it directly related, do you think,

to the Powell probe?

You know, it's hard to isolate things in the immediate aftermath that you did not see a reaction

in the market.

Maybe it's a little bit of a delayed reaction, but it could just be, you know, a pause period after what have been pretty robust rotations happening under the surface.

So I don't think it looks to be anything terribly alarming right now.

This is just the nature of the beast.

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