Sarah, thanks, welcome to overtime. I'm Scott Wabner, you just heard the bells. We here are just getting started.

In just a few minutes, we'll be joined by Star Investor Keith Meister to get his thoughts on where we are in the markets.

Nike earnings breaking any minute now.

We'll have the very latest and of course the instant stock move in overtime.

We begin with our talk of the tape. The big leap in interest rates today,

whether it stands to kill the rally in stocks just as it was getting started.

Let's welcome in.

Odysse's Jason Snipe, Field Point Cameron Dawson, Ed Yardenny, the President

of Yardenny research.

It's great to see everybody, Ed, I'm beginning with you. That is the big question.

Did Powell kill the rally just as it's getting started? Did you see what's happening in interest

rates today? The 10 year at 2.30, that's up 7 percent. The 2 year at 2.30 that's up 7% the 2 year at 2 12 up 8% spread is getting tight.

Yeah absolutely and that's where those rates should have been about six months ago

took them a while to get here, but it makes

sense that with inflation at 7.9 percent, we'd have the bond deal over 2 percent. It makes sense that the

two year would be over 2 percent What's really odd though is the spread

between the 10 and the 2, a kind of borderline turning negative. I mean we're

awfully close to turning negative and I think that's got a lot of people

spooked about a potential recession. So's got a lot of people spooked about a potential

recession. So there's a lot of a lot going on here a lot of messages from the

financial markets for sure. Yeah so we I mean we came in with this new found

momentum did Powell just kill it? So we came in with this new found momentum.

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