Closing Bell Overtime: Warsh Spooks Markets 6/17/26

The first Federal Reserve meeting under Chair Kevin Warsh and markets react negatively as yields surge and stocks fall. David Zervos, Chief Market Strategist at Jefferies, explains how investors should interpret the Fed's message and where markets could head next. Warren Pies of 3Fourteen Research argues that bull markets do not die of old age and explains why he remains overweight equities. Michelle Meyer, Chief Economist at Mastercard, discusses how higher energy costs are affecting spending patterns and why consumers continue to adapt despite pressure on discretionary budgets.