Thank you very much.

Welcome to overtime.

I'm Scott Wapney, you just heard the bells.

We're just getting started from Post-9 here at the New York Stock Exchange.

Air B&B earnings are imminent.

We're going to have the report and see the stock move just as soon as that happens.

We'll of course also discuss what today's CPR report means for the recent rally in stocks.

Joe Terranova joining me momentarily for that very important conversation.

We do begin though with breaking news from the White House.

We go to our Kayla Toushi in Washington where I guess one of the worst kept secrets is now official.

Kayla.

Now official Scott, President Biden officially naming Lail Brainerd, currently the

vice chair of the Federal Reserve, to lead the National Economic Council and promoting long time aid

Jared Bernstein to chair the Council of Economic Advisors.

Brainerd replaces Brian Deese who departs later this month after two years

as the White House's top economic

policymaker and Bernstein replaces Dr. Cecilia Rouse who will return to her

tenured role at Princeton after a two-year sabbatical. Bernstein's appointment will require a Senate confirmation.

For Brainard, the move is seen within Washington's political circles as an elevation from one

among a troika of top officials at the Federal Reserve to a role shaping

the economic policy of the executive branch and all of its agencies.

Former officials tell me the move was a natural next step given Brainard's background and a possible precursor

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