That's the end of regulation.

Betterware ringing the closing bell the New York Stock Exchange.

First responders' Children's Foundation doing the honors at the NASDAQ.

Well, November, kicking off with a bang is stocks rally to start this new month.

That's despite a soft jobs report.

The focus now turning to the Fed and the election.

We're still lower on the week for the major averages, though. That's the scorecard on Wall Street, but the action is just getting started. Welcome to closing bell overtime. I'm Morgan Brennan with John Ford. Yeah, we've got a big Friday show coming your way. Coming up, former PIMCO chief economist, Paul McCulley, weighs in on the jobs number, how it could impact the Fed decision and the election. Plus, the CEO of Cleveland Cliffs on his company closing its latest acquisition

and how tariffs are changing the steel business.

And Goldman's Take On Tech, noted analyst Eric Sheridan breaks down the key takeaways from Mag 7 earnings

and how those results are informing his tech playbook into year end.

But first, let's break down today's action with Jose Rasko of HSBC Global Private Banking and

wealth management and Scott Renn of Wells Fargo Investment Institute.

Good afternoon to you both.

We did have an update for the major averages.

Scott, I'll start with you because you've been cautious, both on equities and fixed

income. What is it going to take for you to feel less cautious here? Well, Morgan, I think when

you see what, you know, from the October 27th, 2023 low to, you know, the recent high, I mean,

we're up 40%. So we're trying to be patient here a little little bit earlier this year, a few months ago, we took one step toward a more cyclical kind of a position,

because we do think the economy here and globally is going to be doing by the second half of the year.

But we're not chasing stocks right here. I mean, we do like financials, we like industrials, we like

communication services. So those are all good positions that I think we're probably going to carry for a while.

But really, to be honest with you, I think there's still going to be some uncertainty over how many cuts is the Fed going to make?

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