♪ good morning and welcome to "street signs." i'm arabile gumede and these are your headlines. china's two sessions gets under way with the economic reform, but in a break from tradition, there will be no closing press conference from the premier this year. and the records tumble. nikkei closes above 40,000 for the first time with the stocks marching higher after the nasdaq

and the s&p 500 spell fresh peaks. and truce talks hanging in the balance as vice president kamala harris calls for a six-week halt to fighting among the humanitarian catastrophe in gaza. >> given the immense scale of suffering in gaza, there member an immediate cease-fire. and delivery hero driving gains on the stoxx 600 after the food company announces a fresh financing deal to clean up its balance sheet. welcome to your monday edition of "street signs." as we kickoff what could be a very busy week indeed. let's kick things off for you

with china's so-called two sessions today with the annual meeting. the spokesperson for the npc saying the government will make new laws to deepen economic re reform while focusing on technology advances. saying there are no tech hurdles that can't be tackled. sam baddas filed this report. >> reporter: china's biggest session has gotten under way with the cppcc today. this is a largely ceremonial on body which advises the government on social issues. it is not typically the most h headline grabbing day, but what has caught attention is the npc spokesperson that pre-hemier li will no longer deliver the

closing press conference. we will be hearing from him tomorrow which will largely overshadow the entire event with his government work report. a lot of eyes on this in terms of what the government has to say about the gdp growth target. the consensus in the market is 5%. that is based on the propvince government. there are bear iish views in th market at 4%. really a number higher than that would represent, perhaps, more sdim stimulus to come or more belt tightening on the way. the other numbers that will be closely watched and scrutinized by the markets is the fiscal budget and defense budget and cpi target. away from the figures and data and numbers, many people will be watching to see what the

government says in terms of addressing the four factors of debt, derisking and demographic dilemma and deflation. away from that, of course, many are looking at what they will say about monetary policy as well given the constraints with monetary easing and what the fed does has huge implications for the pboc. there are plenty of ticket items that the markets will be closely watching. other things to look out for is the foreign minister press briefing which will set the tone in terms of foreign diplomacy. also president xi jinping's speech on march 11. really, the numbers will be a barometer of confidence and there will be expectedly some morale boosting within the speeches given the litany of challenging the government is facing with the protracted

property crisis and weak consumer confidence. the question is will it do far enough to shore up the confidence with the chinese consumer, but global investors with fdi at a 30-year low. i'm sam baddas, cnbc news. >> we have our guest here with us in studio. rory, i appreciate this monday. we were just talking off air. this was supposed to be an important week for china. is it really when this meeting and this entire two sessions has often just been business as usual? you have a growth that is not necessarily weak, but weaker than we have already seen it and you have a few issues with the economy and that stock market. is it going to be a case of business as usual? >> i think markets are hoping for something out of the ordinary and hoping for a

bazooka. 5% gdp will be harder to hit this year. overall, we see a policy shift to be more pro-growth. it will be steady as she g ghogoes coming from xi. >> they just made announcements here. are you surprised there hasn't been that bazooka? while the market wants it and xi not offering it, then do you look at it and say investments are not here? >> i'm surprised the bazooka hasn't come yet. you can see xi with the agenda which is slow and more sustainable growth.

5nanometer chips are bigger than the other chips. a bit more coming, particularly on the fiscal side. relative to last year where stimulus was a pistol, it is more of an upgrade. >> we had four decades of growth that propelled china to economic and geopolitical power. is it a case of we've now reached maybe not necessarily a ceiling, but somewhat of a plateau at this stage? >> i think so. certainly in the growth rate. the growth rate has peaked. china is in a period of transition or structural slowdown by debt, decoupling and demographics. china will not counteract those measures. parts of the economy are positive having said that. the tech side is increasingly strong and china's importance in the world will remain enormous.

the growth rate is declining. >> you speak about decoupling and notes coming out of the cpcc, that will be a tongue twister for anyone. decoupling would be horrible for the chinese economy. that's a big part and that has been discussed for quite a while. you think they can tackle that? is that a case of it will take time and the global economy will have to wait on china? >> on the decoupling, you look at two sides. the internal movement up the value chain and active impact subst substitution. that is going very fast and very well. the aspect that is more concerning for beijing is access to foreign markets for the goods. china is the advanced power house of labor costs. this is a big global challenge

with that set up. a lot of capacity to export, but will the u.s. welcome them? probably not. will europe? probably not. it goes to the ems and the rest of the world. that is the risk. >> in terms of leadership, we know where xi jinping lies in the base of things. what does the lack of appearance or the note that premier li is not going to have the final say within this congress, et cetera, and into the future, what optics does that send out? >> it de-emphasizes premier li. this pushes it further from the previous premier. there is a hope that others that came in may influence xi. xi is focused on his agenda and

the office of prime minister has less influence going forward. >> what happens now? are we going to look at this and say there needs to be something for private companies and foreign investors which we don't know if we will get, but if you look for slow and gradual growth, you have to find a way to stimulate that economy, but not do it on your own. be more welcoming to the foreign investor and private companies. how do you then mix and fix the jigsaw puzzle? >> the logic with the political economy is everything is aligned with longer term prosperity objectives. stimulus will come through and it will go to clean energy and semiconductors and a bit to welfare. on the property side of things, common prosperity line with urban renovation and affordable housing and subsidized rental

costs. i think that will be more of that coming this year. really doubling down on that policy. >> you touched on this earlier and saying how difficult that 5% is, as it were, the tough stranglehold for the economy. they have expanded government control. that real estate bubble has been a big one for them. >> absolutely. >> are those the two risks that undermine that growth or is there a little bit more or is the economy ultimately still running on fuels and fumes of old and past years? >> i think the property is the big one. the spillover to banks and local governments and household confidence and massive wealth effect is the big impact. around that, yes, questions of regulatory regime and questions around what is the new model?

it used to be growth at all costs, now it is high prosperity. a business owner is an issue. this year is all about property and policy. how bad is property? how much stimulus? >> we have a lot more to come out of this as well. we'll check in on it at cppcc. rory, i appreciate the time. thank you for joining us here in studio. rory green at ts lombard. for more on china's two sessions meeting and the debate on beijing's bazooka-like stimulus, check out cnbc.com. a number of fed speakers took to the circuit on friday. austan goolsbee said officials should keep rates elevated until

they are convinced inflation is on the way back to target. while atlanta fed president bostic said it is best to wait before cutting. officials have been trimming the expectations for the rate cut in may with over 50% and now expecting the first move to be in june. one person taking a contrarian view is apollo's austin smokck. he said they will likely keep the rates where they are the rest of the year. >> the tailwind from the easing of conditions that started with the fed meeting on december 13th when pivoting from hawkish to dovish will lift economic activity. that will lift consumer spending. we expect the fed will stay on hold until the end of the year because the tailwind to growth

continues to be strong. >> now fed chair jay powell will give the view from the top this week after congressional testimony on mondayetary policy kicking on wednesday. let's how things are going this morning after the friday session which was the second session for the stoxx 600 moving higher. we are finding gains, but they are marginal. it is about how that will last throughout the day and find impetus throughout the rest of the day as well. the tech counters have been pushing things along out of the united states. so is the ppi and cpi as we move to the questions of inflation and rates in europe and the jobs data out of the united states with the nfp and adp and jolts moving the needle across the week. for now, you are seeing marginal

gains for the european markets. here is how things are faring overall for the european market picture. we are seeing mixed trading as i have been noting at .25% weaker for the ftse 100 from the uk. just last week, actually, that gained .23%. that was the second positive session on the week. on the week, closing down .30%. that was out of step with the rest of the market. you are seeing a general divergence from the market with the cac 40 easing off the record highs with the dax maintaining the positive stance. on to the sectors, we did have the likes of the tech counters managing to move higher across europe at 1.6 on friday. insurance fell 0.7% on friday. there you are. you are following on from friday with the technology counters

moving higher. healthcare is moving up .75%. just .10% on telecoms. real estate is .75% weaker at this stage with autos in the decline. on to the nikkei, japan closing above the 40,000 mark which is a significant level. a new record high which follows on from the s&p and nasdaq. all of those managing to see fresh highs on friday. mainland china is the key focus across asia this week. the two sessions meeting as we just have been discussing with our previous guest rory with the announcements being significant toward government and economic policy and where that lies. you are seeing the market out of shanghai is .40% higher. .50% gain for the nikkei. 40,109. a big record there. nearly 200 points of gains on

that front. the kospi is 1% to the good. the japanese government is considering declaring an end to its deflationary cycle where the government could take a closer look at a number of indicators, including consumer prices and labor costs and gdp. japan declared the economy was in deflation for the first time in 2001. speaking to cnbc this morning, ned newman at hsbc said japanese growth is restricted. >> the primary stores with the moneyto go elsewhere out of china is the first impetus and the second is inflation. corporate revenue growth is higher. we have improvements. if you look at economic growth, it is not going to be much stronger in the years to come than yesterday years. there is a limit to which you can lift those valuations over

time. turkey's annual inflation came in hotter than expected if february climbing to 67%. that is among strong prices in food and hotels and education. it is targeting a 36% year-end inflation rate. coming up on the show, crude markets shrugging off opec plus plans to extend production cuts. we'll have more after this.

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with a qualifying internet package. don't wait, call and switch today! welcome back. now delivery hero has announced a new financing transaction which the company says will lower the cost of the debt and extend the maturity of the existing loans by three years to 2029. the food delivery firm ceo said the transaction is testimony to strong operational and financial achie achievements. the stock is up at the top of the stoxx 600. moving up 4.5%. the swiss national bank

posting a loss of 3.2 billion swiss francs in 2023. the loss narrowed from the record 132.1 billion francs. it has an 8 billion francs loss on the bank position. and henkel is up 4.2% organically. it wasn't enough to raise the stock as you see here down 1%. the german consumer goods and chemical company is targeting sales growth of up to 4% this year. on the other side, you have the softwareone founding shareholders which would see bain capital buy the i.t. firm. the three holds 29% and tried to revive the board and delist the firm through the sale. 2.6% down on the back of that

news for softwareone. to the opec market where the nations expect output cuts of 2.2 million barrels a day in the second quarter as the group looks to shore up oil prices. saudi arabia will be responsible for under half of the cuts. let's head over to dan who will help us unpack this more. dan, if you look at the numbers more quickly, world cuts have piled up since 2022. you had in june of 2022, oil prices down 32% from that level now. over the last six months, oil prices are still down 12%. have these oil supplier cuts actually worked or is it just trying to fulfill one country's goals which is stability? >> reporter: there are so many

factors at play here, arabile. what we see is saudi arabia inn tifting it is acting preemptively to ensure market stability. that is why we see saudi arabia and opec allies extending production cuts through the second quarter and the market reaction here is notable as well ahead of the wall street open. what we see here is prices pretty much staying muted which shows this decision was largely priced in by the market. when you look at the numbers in terms of barrels lost here, saudi arabia will be leading the cuts with a 1 million barrel reduction. the other opec producers like iraq and the uae, for example, will cut by 2222 2 will cut by 2220,000 and 160,00 barrels. all together, the cuts make up for 2.2 million barrels worth of supply holdback.

that is expected to stay in place until further notice. opec has an intention to gr gradually reverse the cuts and put the barrels back on the market, but only when warranted. you have to ask yourself when might that be? we have seen oil holding in the range about $75 to $85 a barrel this year which is not too hot and not too cold. you get the sense the opec group here needs to show it can respond in real-time to the needs of the market at the time of issues like global growth as you discussed has been uncertain. the chinese economic outlook is a question mark and two wars unfolding and houthis attacks in the red seas and all influencing the direction of travel. >> dan, it is such a story. riyadh must earn nearly $86 a barrel to meet its planned

spending goals here. at this stage, they are looking to prop it up to those levels. we will touch on that story for the week as well thanks to dan murphy. bitcoin touching a two-year high in asian trade breaking past the $64,000 mark. it comes on the surge of investment and etf demand which pushed the largest cryptocurrency within striking distance of the record high of $69,000 which was set in 2021. karen asked the cio of swan bitcoin where he sees prices heading. >> it's in the process of demonetizing the big assets out there. i think everybody talks about gold being one of them. it is not just gold. it is gold, stocks and these are assets that are in other orders of magnitude of bitcoin. if it you look at gold with the

market cap and bitcoin is coming for gold. no question about that. you look at the gold compared to bitcoin which is everything you need to see. it is not just bitcoin, but the process of demonditization. bitcoin is another alternative. it is the best alter in alterna. coming up on the show, the u.s. carrying out the first air drop over gaza as vice president kamala harris renews calls for a cease-fire. we'll have more from the region after this break. has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000

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welcome to "street signs." i'm arabile gumede. these are your headlines. china's two sessions deepens with economic reform, but in a break from tradition with no closing comments from the

premier this year. the records keep falling. nikkei closing above 40,000 points for the first time with the tech stocks continuing the march higher while u.s. chipmakers continue the trend in pre market after fresh records peak for the nasdaq and s&p 500. a hamas delegation arrives in egypt as truce talks happen as vice president kamala harris calls for a halt in fighting amid the humanitarian crisis in gaza. >> given the immense scale of suffering in gaza, there member an immediate cease-fire. macy's shares surging in pre-market trade with ark house raises the bid to takeover the department store company by 14% to $6.6 billion.

welcome. let's check on the markets across europe and see how things are faring. you see a lot of down trades in the market which has inched higher so far this morning. as you see, it is a marginal downturn with the numbers. the only one headed lower significantly is the ftse 100. .20% weaker this morning. the dax is managing to find some gains. so, too, the ibex 35. both managed to hit record numbers. just last week with the dax graining .30% on friday for what was the eighth positive session in a row. even hitting fresh all-time highs. could it be on move to gain a ninth positive session on that one? gaining 1.8% on the week for the dax. the cac 40 managed to inch higher last week with the third positive session in four.

it was down .40% for the week. some declines across some of the european boards. let's head to the yield picture then globally. the currencies is where we start off. 1 108.47 for the euro/dollar. the dollar drifted within a tight range of late. that has been pressured by the lower treasury yields and we will unpack those. traders are waiting for crucial data to determine the path for interest rate cuts from the united states. of course, we have those jolts numbers from the u.s. and you still have data, jobs data with adp and non-farm payroll numbers. it is interesting to look at that. 126 for the pound against the

dollar. on to the yield picture across europe as well as in the u.s. ism manufacturing pmi data last week came in below estimates on friday which pushed a lot of whatyou see with the treasury yields lowlower. the ten-yield pushing lower as well as the two-year dipping below 4.5%. you see those european yields as well. on to the economic picture with jay powell speaking to congress this week. that will be significant to watch especially with the rate path ahead of the mixed picture for the united states as we open trade this week. a hamas delegation held cease-fire talks in cairo yesterday with the potential deal on the u.s. proposal for a six-week pause in fighting. the framework was agreed to by israel in paris with the israel

official telling nbc news it did not send a high-level delegation to egypt, but as on ptimistic oa deal by the start of ramadan on march 10th. the u.s. carried out the first air drop to the gaza strip alongside the jordanian air force. four military planes dropped 48,000 meals. vice president kamala harris is set to beat benny gantz today as the u.s. continues to push for a pause in the fighting. president biden is not expected to attend the meeting. speaking over the weekend, harris reaffirmed the u.s. push for a pause in the conflict. >> let's get a cease-fire. let's reunite the hostages with their families and let's provide immediate relief to the people

of gaza. given the immense scale of suffering in gaza, there must be an immediate cease-fire. for at least the next six weeks. >> sky news' alastair is joining us now. this is an important week in the area. how close are we to the cease-fire? >> reporter: i read one analyst put it at 50/50 this morning. there is hope and a big drive on all sides to get a deal done before ramadan's start at the end of the week. there are complications and difficulties. we have talks going on in cairo at the moment. hamas has sent a delegation. israel has not. the reason for that is israelis

demanded information from hamas they have not received, particularly around whether or not the hostages being alive or dead. what is going on is technical talks at the low level there with senior delegation. the big building blocks of the framework in place and broadly agreed upon with a lot of complex issues to try and work through to make sure the two sides can come together. if we are looking at ramadan on the 10th and 11th of march as the deadline, there are a few days to go and i imagine both sides are using that time in order to try to strengthen their positions. from what i have been told, there is a real optimism a deal could be done, but there is a potential of israel or hamas suddenly come up with new demands. >> i appreciate the time. thank you so much for joining

us. our colleague at sky news in jerusalem. let's continue this story with the professor for the middle east chatham house. good morning. a few complications noted by my coll colleague. what is your optimism level with the cease-fire? >> good morning. medium. i'm not sure it will happen this week doespite what president biden talked about on monday. i think the negotiations are tough and it will also be inaccurate to think it is hamas and israel. on both sides, interests are in favorof the cease-fire and against the cease-fire. i think the agreement among themselves with the immediate cease-fire.

there is a risk with the release of the hostages and exchange for palestinian prisoners. there is an interest of benjamin netanyahu that knows without the war continuing, probably at the end of his political career. at the same time, it may be better to not have a cease-fire with the ramadan here because this may ignite violence further in the west bank and israel. we think the leadership on both sides is showing a source of de delays. >> what happens if we don't get the cease-fire and what is the impact and you do have that fighting during the month of ramadan? the increased chances of having an this risk and is this

important with the negotiations in egypt or elsewhere? >> i think we have to remember we think the cease-fire with the hostages released. the bombardment and killing continues. this is the immediate impact. then the big question is what happens in the month of ramadan. this is the sensitive and volatile times in the relations with the israelis and palestinians. we saw in 2021 with the riots at

the mosque for a few weeks. we saw the conditions that the palestinians engaged in right now means there is a risk of anything igniting into a f full-scale violence. keep in mind, the ministry of national security pushed the decisionthat israel and palestinians would not be allowed to pray on the mosque which is illegal. they are citizens and this may ignite the situation. >> i mean, the lines are pretty much starkly drawn by benjamin netanyahu as well as his government in this regard. where does the international community put its focus? do they apply as much pressure as they can as they have been

doing on benjamin netanyahu? is this a case of trying to find just a way to get more aid into gaza and the surrounding areas? >> if you judge it by the results, it is not enough pressure, not only on netanyahu, but also on hamas to agree to a cease-fire. again, what is urgently immeneeded is a humanitarian cease-fire. this will see more humanitarian aid entering. for this to happen, you need united international community which works together. we need qatar and saudi arabia and the united states. one of the positive developments is we see change within the biden administration. what was displayed earlier with

vice president kamala harris and this is more than a subtle pressure on israel that things need to change of going into six weeks of cease-fire. the united states is the main part and it can put pressure on netanyahu. one issue is inviting the member benny gantz and sending a message to start moving. >> there are so many questions to be asked about the leadership about the forum. you had another member resign from that as well. very significant on that side. that's all of the time we have on this conversation for now, professor. i hope to chat again about it as

it continues to roll on. professor and fellow for the middle east at chatham house. thank you for your time. to the u.s. where nikki haley won the washington, d.c. republican primary according to nbc news. her only victory so far. the vote makes her the first woman to win a republican primary in the u.s. history. her campaign said with trump having won the eight prior, odds of clinching the nomination do remain slim. speaking to "meet the press" last night, haley distanced herself from the previous pledge to support the republican presidential candidate. >> i have always said i have serious concerns about donald trump and i have more concerns about joe biden. >> is that a no? are you bound by the rnc pluedg? >> at the time of the debate, would you support the nominee to get on the debate stage, you had to say yes.

now it is not the same rnc. >> you are no longer bound by the pledge? >> i will make the decision i will make. that is not something i'm thinking about. y'all are thinking about that. i'm looking at the fact that we had thousands in virginia and we are headed to north carolina and vermont and maine and show people there is a path forward. i don't look at what if. i look at how we continue the conversation. >> trump won in caucuses in michigan, missouri and idaho over the weekend according to nbc news projections. attention now turns to the supreme court to see if colorado can kick the former president off the ballot primary which is tuesday. the state supreme court ruled trump ineligible after the efforts to defy the 2020 election results, but that is on hold now and he is expected to win the case. coming up on the show, ahead

of the international women's day, tanya has been speaking to female changemakers from across the globe. we will have those conversations after the break. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.

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to international women's day on friday, march 8th with the theme of inspiring inclusion. the u.n. is drawing attention to the need to invest in women linked to the fifth sustainable goal of achieving gender equality by 2050. c tanya has been speaking to female changemakers around the world. tanya, give us a sense of the conversation. >> arabile, it is international women's day on friday and i have been talking to leaders from different sectors. i started off with the deputy secretary-general of the united nations. i asked her what her message is from her own personal experience to women and girls around president world. >> life is a journey.

every step you make, make it more women and girls. it is important to give hope to those in front of you and behind you. be the inspiration that people can draw from and you just don't know what that will be. you know, keep hopeful and keep plu plugging away at it. it will happen. >> the deputy secretary-general there. i caught up with mary robinson, the first president of ireland in 1990. she is part of the global leaders which is committed to justice and peace. i asked mary robinson if she is hopeful for peace in the middle east. >> i'm more hopeful if we can just listen to the leadership in the region and hopefully release the one man who felt imprisoned and could give a kind of mandela-like leadership to the

palestinians. that would help enormously. it would be a tunifying factor because he is admired in gaza and the west bank. you know, we've learned what the i.r.a. you have to make peace with those who use dpguns and commitd atrocities. you make peace with enemies. >> hearing from mary robinson who became the first female president of ireland and involved in the good friday talks there. using her experience as the chair of the elders, they visited the region in the middle east and they are, of course, calling for peace there. >> the question marks have been around making influence just not just a tick box exercise. i think that has been crucial. it sounds like these conversations have been leading to actual, you know, goals and actions that you could really

put forward. is that the sense you have been getting? >> absolutely, arabile. we are marking women's day 2024. you would not think we have to have these conconversations. we still have stats from the world economic forum saying we will not get full gender parity for another 131years. all of the women i've been talking to absolutely have been calling for action. female leadership, women leaders visible to evenncourage the nex generation. >> tanya, thank you for that report. a sense of political injustice fueled the rise of accidental politicians. that refers to three women in particular as they fight for a more democratic world. we are crossing over to silvia with more on this one. silvia. >> that is right. the story of three women from three different countries that

have the same purpose in life. fighting for democratic values. this story came about after i attended the munich security conference where the wife of alexi navalny took to the stage. yulia navalny was asking participants for their help to fight for the democratic russia. shortly after that event, she made it clear that her husband's fight was becoming her fight. of course, that event was marked by the news that alexi navalny had died in a russian prison. she is not the only one to fight this fight. at the same tevent, i heard fro sviatiana who is the russian opposition leader who became an accidental politician after her husband, who was fighting the regime in belarus.

her husband was also in prison and she said out of love to him, i decided to run and she became the opposition leader in belarus as a result of her husband's imprisonment. i asked her what keeps her going and she said it is a huge pain that transforms into energy. it is worth remembering she is in exile and she lives with her family and kids outside of belarus. i also had a chance to meet a ukrainian lawmaker at the same event who told me at the time she could relate to the two women. lisa yasko is a member of the ukrainian arliament. her partner is in prison in georgia. she became a political activist in 2014 when ukrainians were fighting foreclosure ties with the european union.

at the time, the president of ukraine was pushing for closer links to russia. all of these stories are here to tell you that when you do to the events, we have to focus on the main story and on the headlines, but there are side stories that we cover that are also worth mentioning. this is one of them. >> not worth mentioning, but critical to the global conversation. silvia, thank you for that report for this story. if you want more on silvia's story and the three women risking it all in the fight for democracy, visit cnbc.com. let's focus in on the equity news from the united states. macy's shares are sharply higher in pre-market trade after ark house management lifted the offer to buy the department store chain by $1 billion.

ark house offered to buy any macy's stock it did not already own for $21 a share. macy's board is reviewing a new offer the $24 a piece representing a 33% premium to friday's close. that stock up 13%. on the other side, you still have the chipmakers managing to move higher. the likes of nvidia up 1%. it does continue on from last week's record numbers we had seen out of the nasdaq composite which set a record high on friday. significant moves from the tech sector. will that still be the case as we he focus on inflation number this week? thank you for joining us on "street signs." i'm arabile gumede. "worldwide exchange" is up next. ter at every stage of ter your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every

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it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." we start with a record-breaking rally. bullish calls for stocks in 2024. investors bracing for a big week in a new test for the rally with the jobs reports and two days of jay powell testimony on the docket. we are watching the latest with the regional banks and if the worst is behind for new york community bank. and the bulls are alert with the decision ove