A rally in stocks today with all the major averages closing up more than 1% debt ceiling

optimism in a pop and regional banks fueling those moves that is a scorecard on Wall Street.

But the action is just getting started as we await a

pair of big earnings from Cisco and Take-Two Interactive. Welcome to Closing Bell overtime.

I'm Morgan Brennan with John Ford, who is at Service Now's Knowledge Event in Las Vegas.

Yeah, we got a lot of news happening at this event, including Service Now, announcing

a partnership with Chipmaker and AI Platform Maker

Invidia to build generative AI applications for enterprise software.

Coming up, we're going to speak exclusively with the CEOs Bill McDermott

and Jensen Wong. Must watch interviews but let's get straight into today's

market action with our first guest Chris Harvey from Wells Fargo joining us now Chris

great to have you on I do want to get your thoughts on the moves we saw today

in the markets and I know we keep talking about day and day out the tight trading range of the S&P but are we seeing some sort of momentum here that that could break us out of this range?

Yeah, Morgan, sorry to let you doubt.

I'm going to say no.

It was a heck of a day, especially if you're a regional bank.

Big move up, some positive news out of that space.

Obviously that helped the rest in the market, but we still think we're in a trading

range. We still think the MACRA is going to start to weigh over things. We think people are

getting too excited about the debt ceiling in the short term, and we think that there's probably some more downside as we go

forward in time. All right you put out a new note today focusing on funding and liquidity

said it's funding and liquidity not earnings and fundamentals that are driving

...