All right, contestant. Thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9, right here at the New York Stock Exchange. This maker breakout begins with record highs, a chance for history for the Dow. The first ever close above 47,000. Looking pretty good at this moment. 47,300 is where we stand with an hour to go. Take a look at the majors with 60 to go now. In regulation,

that cooler than expected CPI spurring stocks right from the outset today. Yields dropping.

That's helping the Russell outperform. It does come as well ahead of next week's Fed meeting.

We'll ask the Wall Street Journal's Nick Timoros what it means for Chair Powell and company.

Inside the market today, tech and comm services are the best sectors ahead of those critical

mega cap earnings next week.

Apple is marching towards $4 trillion in market cap.

Alphabet's an outperformer today.

And how about AMD?

A new high on optimism about its chips and AI.

Airlines are up to look at American Airlines today,

surging yet again following its earnings report, and now up 16 percent or thereabouts this week

alone. It does take us to our talk of the tape, higher highs for stocks and where this rally

can go before the end of the year. Let's ask our panel today. The Wharton School, Professor of Finance,

Wisdom Tree, Senior Economist, Jeremy Siegel, Yardinney Research Founder, Ed Yardin, New Edge Wealth,

CIO, Cameron Dawson, one and all. It is great to have you. The professor, to you first,

this is a resilient stock market. What do you make of it?

Hey, Scott, party on. Listen, what could be better? You mentioned the great CPI that we had, and although we are not getting all the real data, labor data, when we piece what we do have together,

the economy is absolutely holding firm.

There's no question about that.

I mean, jobless claims are right in that sweet spot, 220, not going up.

You know, we saw good data on the S&P global indexes today.

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