much welcome to closing bell and scott wabner live from post nine here at the new york stock

exchange this make break out begins with a record setting market suddenly searching for its next move

new tariff rates to digest earnings not that far away there's a lot in front of this market here's

a scorecard with 60 to go in regulation a mixed day to negative for the majors you see the nasdaq's

barely positive elsewhere it's red Not a lot of conviction,

by the way, in either direction, as you can clearly see on your screen. Rates have moved higher today

and recently, and that might be giving investors a bit of pause. There's also been some profit

taking in some of the highest flying names, banks mostly lower ahead of next week's

earnings. We are watching Invidia. Dom was just talking about it with Kelly, the stock creeping

towards $4 trillion in market cap will tell you if it gets there this hour. It does take us to our talk

of the tape, tariff turmoil, and whether it's still going to hit the economy in the stock market or not.

Let's ask Tom Lee.

He's Fund Stratt's chief investment officer and head of research.

He's here with us at Post 9.

The market, good to see you, by the way.

Great to see you.

The market clearly doesn't think that tariff turmoil is going to hit the economy and stocks.

Is that the right way to think about it?

Well, I think the economy, we've had

enough data to know that the tariffs aren't necessarily hurting the consumer wallet or hurting

jobs growth yet, but we're just waiting for, as Fed Chair Powell says, to see how it shows up

in inflation. So I think the next two inflation reports are going to be closely watched because if we

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