Well it was a bullish reaction initially to Fed Chair Powell's words but those

gains fading fast into the close as the S&P ends lower at the highs it was up

1.2% today that is the scorecard on Wall Street but the action is just

getting started welcome to closing bell overtime I'm Morgan Brennan with John Fort

yeah we have got another jam-packed hour of earnings heading your way, including results from

Qualcomm, Door Dash, Etsy, Zillow, and more.

Plus billionaire businessman and Cantor Fitzgerald, CEO and Chair Howard Lutnik joins us with his first

take on the Fed and when he thinks cuts could be coming and so much more.

But let's get straight to the market and that reaction to the Fed.

Joining us now, David Serbos of Jeffries, Victoria Green from G-squared, private wealth.

What an afternoon of trading it was.

David, I mean the Dow still eked out again here, but the S&P of NASDAQ after a big pop in the midst of that pal presser finishing the day lower.

Doveish here?

Or when you start to look below the hood and at some of the specific words that the Fed Chair was using including about

the signals from data was this really more down the middle. I actually think it

was quite dovish. I think the market's initial reaction was actually correct. I'm not

exactly sure why the market got a little cold feet at the end of the day. Maybe we'll

see something else that comes in. But I think from the Fed's perspective, this was a dovish move, it was a dovish policy move,

with a dovish statement and a dovish press conference.

The rave markets seemed to embrace that story, maybe a little bit more than the risk asset

markets.

There was definitely a lot of fear that he might go down a Bowman-type path and talk about the

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