And that is the scorecard on Wall Street, but the action just getting started.

Welcome to closing bell overtime, everybody. I am Brian Sullivan.

John is off. Morgan will join us with some cool space stuff shortly. Stocks down, you saw that a lot of red on the screen as inflation goes back up.

A lot of red, red hot inflation data bringing in the sellers. Though I will say we are going to end well off

the lows of the day that is a bright spot but the big question the trillion

dollar question does that hot inflation print mean some or all of the expected Fed rate cuts are now off the table

we're gonna ask Renaissance macros Neil Dunna ahead but we begin with the markets and

your money joining us now to kick it off Ed Yardenny from Yardenny research and Barbara

Duran from B.D. 8 Capital Partners, big day.

Ed and Barbara, thanks for joining us.

Barbara, your take on the inflation print, the Fed, and the markets.

Well, the inflation print, I think, surprised everybody and disappointed us.

I mean, we were hoping January, February had some seasonal or anomalous explanation.

This just says, hmm, the inflation,

we've had a great decline from 8% in 22

to through this 3.5% print in the headline-CP, and it looks like it stalled out for now.

I think all day long you're looking at the numbers

and saying you can argue that inflation is still coming down.

Other things are up.

You've got to worry about oil prices. But but basically I don't think what it changes is the

expectation of the timing and number of rate cuts which had been in the beginning of the year probably six to seven cuts and then through the first quarter came down to two or three and the market still went up.

So I think the market right now is really focusing on earnings and we've had a little bit of a down time here because the earnings season for first

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