All right, Brian, thanks so much. Welcome to closing bell.

Scott Wobner, live from Post 9 here at the New York Stock Exchange.

This maker breakout begins with stocks and rate cuts of whether one now needs the other to keep moving higher. We'll ask our experts over this final stretch, including a man who might just be the next Fed chair. David Zervos. Jeffries, he'll join me in just a little bit. Look forward to that. In the meantime, we'll show you the scorecard here with 60 to go in regulation.

It's been a mostly down day for the majors.

NASDAQ is flat. The others are pretty much as well. And that's following Friday's big gain sectors. They're mixed today. Tech and Com services are leading. Healthcare and Staples have been the biggest laggards today. We're watching CSX shares falling on reporting from both Becky Quick and David

Faber today that a deal between that company and Burlington Northern owned by Warren Buffett's

Berkshire Hathaway is unlikely. Elsewhere, Invidia, it's higher, ahead of its highly anticipated

earnings report on Wednesday. Takes us to our talk of the tape. Now what? After Chair Powell led

markets to believe cuts are coming, potentially in September. Let's ask Dan Greenhouse of Solace Alternative Asset Management. He's with me here that post nine. Nice to see you. Thank you for having me, sir. That was your takeaway, right? This is now done for September. Oh, yeah, I think this is 100%. What, until you got one day in the market out of that or what?

Well, it's always hard to read into any day, especially late in August when no one's around

except for me.

It's, I don't see any way, but there's no way he inserts the sentence he inserted

about the likely path being lower without having some feeling with respect to the consensus

on the board that a rate cut is forthcoming.

Okay. So what does it mean then for this record-setting rally?

Well, I think there's a lot of people who come on here and say who cares about 25 basis points,

and there's a lot of truth in that, 25 basis points in one way or the other.

It doesn't matter, but it is a signaling, a demonstration to market.

It's a signal that you are aware the data has changed, which he acknowledged in terms of the labor market revisions that we got.

It is a signal to market that he is aware that people are pricing in a rate hike and a rate cut, and when you have probabilities

as extended as they are, historically, very rarely do they deviate.

So I think it does matter in the sense that, to use the phrase everyone uses, the direction

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