with all of this let's bring jonathan hoenig bring jonathan hoenig back to us bring jonathan hoenig bratsjonathan burke, financial strategist, good morning. a lot of people set their alarm i may have missed her stellar performance with warren earlier this hour, but in that time -- and that conversation you and did they say and are talking about capability of market and that there may be some sort of an message in there about the economy. is that a lot of people are positive saying this is just normal correction. would you see they are or what are you worried about? >> the market is a forward-looking indicator as you said in the fact is the economy is doing quite well. the question for the market and what is looking forward an aggressive tact about the first half-hour of our program with higher interest rate. the weakest stocks right now happened to be real estate related. economy is doing great, but the market is looking forward as one of the reasons you seen the 1200. swing overnight. connell: john burke, what you see as you look forward? >> imagine if your jerome powell of the federal r

cheryl: jonathan hoenig, thank you it great to see you.one 10 price tag may be the reason sales of their wagons overseas. cheryl: tracee carrasco has that another headline news. >> iphone may be losing customers in asia, losing out on market share is there because they are choosing other smartphone makers of chinese manufacturers show me corp., the apple of china as it's being called because the price tag is a lot lower, but they offer a lot of same features, even more features than the iphone 10. features like a better battery, the hardware being more durable, also came as for soap is that more people these phones rather than the iphone, which is interesting to see that shift. >> with the iphone 10, there can do during a plus version. >> this is the latest rumor circulating. always rumors about the new iphone, but we should see three new iphone later this year in september. one would be if he said an iphone 10 with quite i've edge to edge screen. also a second generation of the iphone 10 in a new cheaper lcd model of the iphone 10. these

jonathan hoenig, isn't that the point that the moment that the investors saw the spike in the yield is when the dow began to tank? >> yes, david bonds are shut erring, interest rates are speaking we haven't seen something like this in years. in fact people are waiting for the fed to raise rates. interest rates are moving up even faster than the federal reserve is and the market seems to be seeing that inflation is real. when does this matter, i think people have been saying that i think you're starting to see an indication it matters now, as soon as those rates started to spike the dow took what a 500 point -- david: we'll see right there. keep that chart up on the screen if you can because the yellow of course is the dow, the blue is the yield on the 10 year, and john, the point is that the market was up initially on those fed notes because the fed said we're not going to be very aggressive about pushing up rates but i'm wondering when you see the rates go up without the fed doing anything, can the fed avoid rates going up? >> well i think the good and the bad of the report is the bad

jonathan hoenig from capitalist pig hedge fund and scott martin, kingsview asset management, both fox news contributors. scott, i was hoping with trump era we could evade the oracles from the fed, they certainly caused trouble this week. dartmouth college economics professor saying they're chasing shadows, referring to the fed. there is no inflation. there is no wage growth. what do you think? >> david, i would agree with you in large part. there is some coming on but definitely not this panic area all all of sudden the fed has to go on crazy interest rate hiking pilgrimage. the reality is this, i agree with a lot of things they're saying in the show. probably more or less a good thing rates tick up to get back to normal. frankly if we were still printing all this money, i know we're racking up a lot of debt, but debt unwillingly not spending on american consumer, american business, this would be a lot difference of a picture. through this month, not biggs of a deal, i would get the shopping list on another day like this with cash on things you want to buy. david: that is optimistic v

let's bring in our panel, jonathan hoenig from capitalist pig hedge fund. he is fox news contributor. jason rotman from lido isle investors. jason i will start with you. we saw the market react to all of the spending and keeping an eye on treasurys, what is going on with interest rates. is that the pattern we're in right now? >> i think that is one element of the pattern that we're in, we're totally correct in saying that the bond market more specifically reacted to new deal with extra spending and what not. if you see yields really rocked it higher today quite a bit, which is unconventional, when there is fear in the stock market. the bond market is typically safe haven. investors are getting out of bonds. they're more fearful holding stocks. as janet yellen conveniently pointed out on sunday before the 12% correction, thank you, janet. melissa: i don't know if that was coincidence. >> yeah. melissa: jonathan, what do you think. i actually don't, she was dove forever and ever. now the chickens will come home to roost it seems perhaps. what do you think is

jonathan hoenig from capitalist pig hedge fund and fox news contributor. carol roth, from fault ture file planning system. brian wesbury chief economist at first trough advisors. brian, i will start with you, what do you think of the inflation report today? what do you think of it going forward and the market's reaction? >> numbers we saw on inflation today were a little high for the month. inflation is heading higher. so will interest rates. the fed will continue to lift rates this year. but one thing investor have to remember is that these rates are still super low. so the market can take higher interest rates. so this, this idea that the market is going up right now in the face of inflation, we already knew inflation was going up. we already knew interest rates are going up. we lived through a correction. no one knows why they happen. everyone, everyone tries to assign all this blame and find an exact reason. it was just an emotional correction. fundamentally the market is still sound and i expect it to end this year a lot higher than it is right now. m

to market watchers ryan payne, jonathan hoenig. jonathan, the markets themselves seem we want to come back from all of the hit in the six infamous trading days to make a fifth up day in a row but the back and forth is battling higher interest rates. how is that going to go? >> in fact, neil, optimism is starting to surge that. out from the american association of individual investors, optimism is coming back into the market, despite as you said, not just a surge in interest rates, but really a surge in inflation. people, neil, i was surprised, even given the volatility we've had, people shrugged this off. back in 1974 inflation was by far the country's number one concern, number one priority. so we're starting to see interest rates break out even, given the fact that we had a stock recovery here, why i think, neil, it is really good time for caution for most investors very much in debt, overextended to their financial situation. neil: ryan payne, when you talk about individual investors, they never knew what volatility was. in fact

joining us now jonathan hoenig with capitalist pig hedge fund. , i got this sense that things are calming down a bit. i know we're up 250. but that's different from the up and down on this. do you get the same sense? >> stuart, it's great to be with you by the way. sometimes between you and ashley, like coming on the bbc, i'm delighted to be with you. [laughter] >> and to talk about the dow jones. 200 points in the dow isn't what it used to be, that's the function of the market being at 2500. the old saying is elephants are dangs, when elephants are dancing, mice get trampled. now is not the time to think to make major investment decisions, big investment decisions. for most people this is to sit on one's hands. >> have we hit a short-term bottom like on monday or early tuesday morning, did we hit a bottom and bounce from there? >> the old saying stuart, and i'm full of them, one sparrow does not make a spring, meaning beer going to need to see a trend here, and i'm not a cassandra, but thus far i'm not seeing it. stock prices themselves, 52-week