All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9, here at the New York Stock Exchange. This make-a-break moment hour begins with another volatile stretch for the markets. As the second week of war comes to a close, there's the scorecard with 60 to go in regulation. Didn't look like that at the open today. It was a strong open. Oil had been coming down, stocks had been rising, but that started to reverse.

Oil creeping hires.

You see, WTI back about 98.

Brent, above 100.

We're going to have the latest on crude coming up in just a minute.

Some of the banks have gone green.

That has definitely helped.

JPM, Goldman Sachs, helping the Dow, Morgan Stanley City. They're positive as well. Meta, though, that's an interesting story today. A big loser on a new report about its AI model. Julia Borsden is following that course. You'll hear from her in just a moment as well. It does take us to our talk to the tape, the road ahead for the markets, and let's bring in CNBC contributor,

High Tower, Stephanie Link, and JPMorgan's Stephanie Aliaga. The Steffs. Welcome.

Good to have both you guys on.

Stephanie Link, I mean, okay, as goes oil, so goes stocks. It's not that complicated, is it? Well, there's a lot we don't know, and I think the markets are going to be in a trading range until we get some certainty. It's all about her moves, right? We're all talking about it. We're all becoming experts at it or we kind of hope to be. If you wait for certainty, Scott, you're going to miss a lot of opportunity.

Because as we've talked about, the S&P 500 is down about 3% year to date.

But so many stocks and so many sectors are down so much more than that. And I think you have to be looking for bargains if you have a long-term time horizon.

We all know that Trump administration does not want oil prices higher, especially into the midterm elections. And so I kind of take it as work. They got them now. I mean, four to six weeks is what he was what the Trump administration has said. I think that's what we have to expect. If it's much longer than that, they lose both houses, both chambers in the midterms.

And I don't think that's what they want.

So you're not getting negative on the market yet because of that.

That's right. If it's longer than that, yeah, then we have a problem. But currently where

oil prices are, they're basically where we were in 2022 and 2023. And what's important about that,

though, is it wasn't demand destruction back then. And you've heard me say this a lot, and I

know you push back on it, but the economy isn't on better footing, at least at this moment in time,

to handle these higher prices. And by the way, in the GDP report today, consumption at 2%, not horrible,

not falling off a cliff. Also savings, the savings rate was better than expected. So to me,

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