Welcome to Closing Bell. I'm Scott Wopner live from Post 9 right here at the New York Stock Exchange.

We have a very important interview coming up this hour.

Former Fed vice chair, Rich Clarita will be with us in just a little bit on whether the Fed should have raised rates this week and even more importantly

what it will do next. In the meantime, this make a break hour begins with a big Friday rally

on Wall Street.

There's your scorecard with 60 minutes to go in regulation.

The Dow was up 400 plus points throughout much of the day.

Right now it's up better than 600 led by Apple following.

It's better than expected earnings report and another pretty strong employment read the jobs number did push interest rates higher

Not enough though to derail stocks today even tech which is rallying as well It leads us to our talk of the tape.

Whether this teetering rally can go much further in the weeks ahead especially if the

Fed is finished. Let's ask Professor Jeremy Siegel of the Wharton School. He's back with us.

Professor, it is so good to see you.

So we have a nice rally on our hands today.

How does the market look to you now in what has been a very big and interesting and important week.

The market looks very strong Scott.

Without question, I think the bar is very high for the Fed to do another increase. I think you would have to see the

next employment report to be very strong, even stronger than this one I think Tuesday's inflation report

would have to be much above expectation and by the way the first the first day of

their June meeting they get the May inflation report and that

would have to be I think it would have to be a triple strong in my opinion for

them to raise again.

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