while it might feel scary to step in front of all the selling and powell industries and the other datater plays, i think this is a case where you can use the widespread sense of panic to pick up shares in a high quality industrial on the cheap. nevertheless, if the negative drumbeat about the data center keeps up, you may have to own it for some time until people realize that this company is much more than a data center play. so after all the momentum players are washed out, it can finally mount a significant rally. rich in texas. rich. >> hey jim. >> thanks for taking. >> my call. >> i've just got to wonder, have people. >> completely given up on fundamentals with. >> expanding profits. >> and revenues. >> and increased demand and a p. >> e of. >> seven and a. >> forward. >> p e of five. how are we not buying united. >> airlines to $140? >> look, i am a buyer. i am a buyer of united airlines. i know it's down 15%, but it became again a momentum stock. i think you're right. i think it's cheap. the travel thesis is strong. if i had to pick up united airlines, i'd buy some here, then wai

industry, that's what the fed needs. maria: thank you for explaining that. a presidential appointment, at the same time, jay powelle overseeing banks are not naming it at all. real quick on the fed's next move, now we have a different scenario unfolding, expectations of contraction for the global economy in the first quarter, what is the fed doing in that scene. >> the fed will be under a lot of pressure to ease but they should stand, they have inflationary problems and we will probably get more inflation as the economy slowed which they can't solve every problem and that is something they refused to accept. they can't solve every problem. we have these increases, we are going to suffer about by lowering rates to take care of things they will make things worse. they have to be aware of and thinking about it right now. maria: i am sure they are talking about it, talking it out publicly putting these expectations of all these cuts coming pulling expectations back but doesn't pan out. >> i have been a critic of poor guidance. the future, just can't, taking your action moving forward. maria: we so appreciate your anal

does that signal trouble for industries and other parts of the country? sen. banks: it can -- chair powell: it can, it doesn't always. we watch the manufacturing sector. manufacturing jobs tend to be high productivity jobs, very important in our economy. over the last couple of years, manufacturing was pretty weak during the years in which we had high gdp overall. manufacturing is a smaller proportion of the economy than it used to be but it is still extremely important. sen. banks: senator reed asked you why free-trade doesn't work when one of the big players doesn't abide by the rules. the china shock has shown that. the fed has a mandate to maximize employment. how do you -- that has come -- that has repeatedly been suffocated by unfair practices? chair powell: we don't comment on trade policy, but we don't really have a role in focusing specifically on that. that is left to those who have response ability over trade -- responsibility over trade. sen. banks: do you think that trade is important to a strong u.s. economy? chair powell: i do. sen. banks: i hope you had time to read lighthi

come in yesterday the dow industrial plummeting 427 points s&p down 104 and the nasdaq down 483 that's two and two thirds% at 4:00 o'clock on wall street federal reserve jay powellpeaking today with fed governors this will be the last public speech before the next rate decision coming in just two weeks, the yield on the ten year treasury up a fraction at four-point to 7% let's take the crypto prices this morning ahead of the summit at the white house, president trump citing an executive order establishing a strategic u.s. bitcoin reserve and ahead of today's first ever crypto summit at the white house. everything you need to know coming up. were waiting on the february jobs report at 8:30 a.m. eastern after ricoh that expected adp report on wednesday we expect to gain in jobs and 160,000 for the month, european markets are lower take a look at the eurozone with s&p 100 in london to stop 40 points the cat caught in paris is down 85 in the dax index in germany is lower by 382. in asia overnight red across the board as well take a look at the embassies were the worst performer was japan the nikkei average down better than 2%, joining the conversation numbered among