Welcome to Closing Bell, I'm Mike Santoli and for Scott Wopner.

This make or break hour begins with stocks headed for a 10th winning week out of the last 11

as the Big Cap index is hover just below record highs.

Encouraging news on wholesale inflation. hover just below record highs.

Encouraging news on wholesale inflation,

sparking a strong Treasury rally today

is the market grows more sure of Fed rate cuts

in coming months, the two-year note yield,

that's where the most dramatic move is. It's now

actually below the 30-year yield for the first time in about eight months.

They did have some mixed reactions to bank results. City announcing it's going to be

cutting roughly 10% of its workforce in the next two years

as it reported 1.8 billion dollars in losses for the quarter.

City CFO Mark Mason joins us exclusively this hour plus concerns over airline fundamentals crop up in the

kickoff to earning season while United Healthcare weighs heavily on the doubt

after its own report it all brings us to our talk of the tape so our investors right to

declare virtual victory over inflation in position for an easier fed and is

the stock market's two-week pause a routine refresher maybe a warning that the

late 2023 rally ran a bit too far.

Let's ask Dan Greenhouse of Solis Alternative Asset Management and Investco's Christina Hooper.

Both join me here, good to see you both.

Thanks for coming by and Dan, I guess just your take here.

...