Welcome to the closing bell. I'm Scott Wogner live from post nine here at the New York Stock Exchange.

This make or break hour begins with the markets which are volatile both stocks and bonds reacting to the collapse of

S. V. The government rescue what all of it now means to your money. Here's your

scorecard. 60 minutes to go in regulation. Markets on edge all session long. Stocks, as you know by now

gyrating quite a bit. Yields, plunging, questions swirling about the future path of the

economy and the Fed, and whether its own policy is now altered in a major way.

That of course is our talk of the tape today. We have a special guest to ask that question too.

Jeffrey Gunlock, he's the CEO of Double Line Capital. He joins us now in an exclusive interview.

Desperate times call for desperate measures, Jeffrey, I appreciate you being with us.

Well, thanks, Scott, it's good to be here. Yep, what, what is your reaction to all this?

Well, I've been thinking a lot over the past year or so about a quote from Mark Twain, which I'll paraphrase.

It's, it ain't what you don't know that gets you into trouble. It's what you think

you know for sure that just ain't so. And why I'm bringing this up is it occurs to me that all of us,

even old geezers like me, who've been in the business for

over 40 years, have experienced nothing but gradually systematically declining interest rates.

So interest rates 40 years ago,

you know, was the early 80s,

and we had Volker come around and slay the inflation dragon

and interest rates started to fall.

I remember when I started this business and people thought a few years into my career

that when rates got to 10%, they thought they were low.

And when they got to 8%, they thought they were low.

...