Well, it was a down week and a huge week of earnings ahead.

That's a scorecard on Wall Street, but winter stay late.

Welcome to Closing About Over Time.

I'm John Fort with Morgan Brennan.

Coming up this hour, Moody's chief economist Mark Zandy joins us to talk about the spike in yields this week and why he thinks it may not last.

Plus, the latest messaging from the Fed, including new comments today from Atlanta's Raphael Bostick on

NBC. Plus United Auto Workers President Sean Fain is giving an update on his

union strike against Detroit's big three automakers this hour will bring you headlines as we

get them. Let's begin with the market and another downbeat day to end a rough

week after the 10-year yield breached 5% for the first time since 2007,

though it has since retreated.

The NASDAQ losing around 3% this week.

The S&P 500 shedding more than 2% and the Dow falling around 1.5%.

Consumer discretionary real estate tech hit the

hardest in this week's sell-off in terms of sectors while staples and energy

outperformed. Let's bring in see NBC seen your markets commentator Mike Santoli Mike I mean we

we basically closed at session lows here today the S&P's at 4226

we're back to talking about 4200 again and we did see that spike in the vix to me what was most notable

Yields are down today and stocks are down today

Right so something a little bit new we've had this a one-day basis before in this last little stretch, but worth watching.

And it's one of those times where investors seem unsure exactly what to worry most about, and they're kind of choosing all of the above or

they're kind of putting the entire market for the moment in the too hard to figure

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