A recession is likely coming (or is already underway in a "rolling" fashion), says Liz Ann Sonders. She and Cooper Howard give an overview of the market as stocks close negative for the week. Liz Ann notes that weak regional PMIs and retail sales add to the recession warnings. Cooper says that short-term rates are mostly unchanged on the day and longer-term rates are moving higher. He also notes that he wouldn't be surprised if the high in rates for this cycle was in October. They also talk about how all 11 S&P 500 sectors closed negative. Tune in to find out more about the stock market today.