Welcome everybody to the closing bill. I'm Scott Wobner live post nine New York Stock Exchange.

This make or break hour begins with stock surging today on news of a rescue for First

Republic, one of the regional banks in the eye of the storm. Other banks sharply higher as well as concerns around

those names seem to ease a bit at least for the moment. Here's your

scorecard with 60 minutes to go in regulation. Dow is ripping higher. It is the

Nasdak that is a key part of the story today. It's at the highs of the

session right now mega-kept tech stocks are outperforming the market as we

will show you.

Yields are moving higher too and that after the ECB goes ahead and hikes rates,

only adding to questions over what our Central Bank will do when it meets next week.

And that's our talk of the tape your move

Jay Powell for more on how stocks will react no matter what the Fed does let's ask

Liz Young so-fies head of investment strategy here at Post 9 with us.

So we'll get to the quote-unquote rescue of First Republic and the implications moving forward

in a moment, but I just want to start with the question of the moment, should

the Fed hike or should it pause?

You know, I've changed my mind about 14 times on that over the last 24 hours.

I think the responsible thing to do right now would be to pause only because I think

it looks like if they hike they are not paying attention to everything else that's

going on. However even if we get a pause, I think

they hike again. I don't think that's the end of it. I think we continue to get

another hike. The risk here is that I don't think the market likes it either way.

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