All right, sir, thank you very much.

Welcome to.

I'm Scott Wachney.

You just heard the bells.

We're just getting started from right here at Post-9

at the New York Stock Exchange.

And we're about to get Chipotle earnings,

really a good read on what's happening in the economy on the ground

and also where food prices are

heading so we'll get that in a matter of moment to give you all the details of course you'll

see the stock move I'm also going to speak today with Star VC low Tony on whether all of this AI talk is just another sign of

another great big bubble in the market. We'll get the low down with low coming

up a little bit later. We begin though with our talk to the tape. The

whipsaw ride in stocks, the Fed chair speaking today, what his comments mean for

the future of the rally. You saw how we finish the day here closing pretty

much on the highs. Let's ask Joe Terranova of Verdes Investment Partners.

He is a CNBC contributor as well.

I want your reaction to Powell because he had another chance

to take a swing at the market and he didn't do it.

He sure had a chance to do it.

April 5th of last year I sat here on the desk.

I told the viewers that we had an adversarial Federal Reserve. Scott, we have a federal reserve that no

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