Welcome to Closing Bell. I'm Scott Wobner live from Post 9, New York Stock Exchange.

This make-or-break hour begins with stocks still on the defensive and still reacting to the Fed

Chair's hawkish commentary, higher, faster, longer, three words that continue to reverberate through markets.

Nowhere is that more clear than in treasuries, rates continuing their climb.

Here's a scorecard with 60 minutes to go in regulation and as you can see stocks are still lower again as a more

hawkish Jerome pal over the past couple of days sending yields up the two year

running over five percent there it is 506 as we watch the curve and that brings us to our talk of the tape the post pal pre jobs playbook and what should you do with your money now

Let's have a debate about it. Let's bring in two people

on very different sides of that debate. CMBC contributor and Market Bull Jim

Labenthall of charity partners and Canners Eric Johnston who's been

doubling down on his call that stocks are

about to head much lower. Both are with me here at Post 9. All right so we're

going to have a spirited debate about this and Jimmy you're the bull you're

going to get the first crack okay stocks obviously

didn't like what the Fed share had to say over the last couple of days bond

yields rose why are you still bullish in the face of that and all you heard?

There's a conflict going on here and I think we all see it, right?

We see what the feds doing. Let me be clear about something. I'm not a flat earth

there, okay? I'm not denying where the yield curve inversion is. I'm not denying what Chairman Powell said.

But the flip side of this and the conflict is that this economy is doing really quite strongly.

Whether you look at Atlanta Fed GDP now or you look at job. doing really

for me is the crux of this.

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