All right, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from Post 9.

Here at the New York Stock Exchange, this make or break out begins with the rally for stocks back from the depths.

And where this market might go from here over the next several weeks and beyond that. We'll ask

Wharton Schools, Jeremy Seagull, in just a moment when he joins me live. We can't wait for that

conversation today. In the meantime, let's show you the scorecard with 60 minutes to go in

regulation, another favorable inflation read. Let's show you the scorecard with 60 minutes to go in regulation.

Another favorable inflation read, just the catalyst to send stocks modestly higher

again today.

The Dowb back above 40,000 and it is holding there right around the highs of the day too.

Well, Tech was briefly leading but there's been a bit of selling today and some of the

mega cap names.

Financials, the top group out of the S&P, we'll watch that closely too.

It takes us to our talk of the tape.

What expected rate cuts will do for the markets

and whether it is time to add to stocks

or move money into bonds

as that trade gets more attractive to some. Let's welcome in yon hot see us he is the chief economist and head of

global research at Goldman Sachs with us here at post nice nice to see you

it's good to see it's got

uh... so we're good on the inflation front right is that your takeaway from the last couple of

days now we just have to get our sites on this labor market make sure that hangs

in that's right the news flow was good p p p p p p p p p p p p p p p pPI, CPI, we take it together. We get 14 basis points for core PCCE in July.

...