we're putting this question directly to chicago fed president charles evans.k box" at 8:30 joe? >> steve, thanks. >>> fuel prices are jumping overnight as much of one of the largest pipelines in the u.s., much of it remains closed, following a sicybersecurity attack, gasoline futures jumped 2% we need a few more decimal points to get that exactly right, in case you're wondering. while heating oil futures rose 1.2% to 2.03 rounding that off for you. the hacker group linked to the colonial pipeline ransomware attacks, relatively new, but extremely organized. we're joined with a look at this group known as dark side aman >> it's the number one suspect, tricky to do attribution, but that's who experts think is behind this, they're a relatively new group ransomware as a service, they offer it to other criminal gangs and the other criminal gangs do the actual attacks, and then kick back money to the dark side group that launched this ransomware in the first place. it's sort of a criminal syndicate, if you think of it that way, and the folks over at cyberreason, a cy

. >> yeah we'll have much more on this with chicago fed president charles evans monday at 8:30 a.m. on "squawk box. coming up, we'll break down the 60% rally coming up. first, new kids on the block, find out which names are worth betting on we'll walk you through them step-by-step when "fast money" returns. yees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo >>> news alert on the solar wind pack. >> yeah, melissa, signifi

randy quarrel from the board of governors, charles evans from the chicago fed also saying that they think these price increases won't be lasting. shery: in the meantime we heard from morgan stanley's james gorman. interestingly he thinks that the fed will start tapering and raising rates much sooner. he is even beating his own economists. kathleen: exactly. it goes to show how everybody is on this. people really aren't sure, but when jim gorman says his opinion is what he sees and he knows the fed does not see the same thing. that's look at exactly what he said. my personal view is raising in the early part of next year, 2023 is the projection. most fed officials still aren't looking for rate hikes until 2024. he said also after many years of inflation, we see price increases getting people's attention. you mention the dots, let's bring them up, it does show you that 2021 is not just jim gorman suggesting it, there are four fed officials right now who are, as you can see from that line, those four little dots that do see great heights by the end of next year. there is another cluster by t

. >> what's happening at this hour chicago federal reserve president charles evans suggesting that april'sointing jobs growth is probably a one-month thing linked to reopening the economy. the pairing earlier today on cnbc evans is looking for continued strong employment growth for the rest of the year. also on cnbc, chipotle ceo, the clayne is trouble finding workers and raising wages to average $15 an hour. also offering referral bonus wants to hire 20,000 new emp employees. >>> and opening a federal investigation over 100 million fords over loss of steering control. 107 complaints with two injuries the probe includes model years 2013 through 2015. and ford is recalling 611,000 exp explorer suvs for rail carriers that can come loose. owners notified next month you're up to date. deidre, back to you. >> rahel, thank you. >>> and carl mentioned dow record high. tech shares going the other way sinking sharply putting today's action into context. dom? >> the notion out performance in the dow a theme played out so far in 2020. look at the way things shaped up so far today, it has been one of

chicago fed president charles evans took it a step further saying the fed may have a hard time reaching its 2% inflation goal adding, quote, fed policy is likely to be on hold for some time joining me, jill kerry hall and bob michael from jpmorgan asset management welcome to you both. bob, i haven't seen you in quite some time since the summer of zero rates during a pandemic are you still -- i mean in treasury parlance we call it bullish, in other words, do you think that rates are going to fall from here, rise from here and what do you make of all this fed speak the last day or so >> hi, kelly you know what, god, i love janet. she said exactly what we're all thinking, that given the current and expected rate of economic growth and inflation, the current level of yields is just plain dumb and the reason they're there is because that's where the fed wants them, at least for now and, sure, afterward, she was reminded that she's a fed alum, she has to toe the line. evans reminded everyone. they still haven't yet reached their inflation target they still haven't recovered all the jobs loss,

here is what charles evans said. >> looking for outcomes, when we said that we are continuing to buywe saw substantial further improvement, towards our mandates, and the chair says one employment number is not enough, and then we get a weak number, i think we're going to have to see more strong employment number, and we're going to have to see inflation, and it will be delicate. we'll see transitory inflation that will look like it is above 2% is it going to be relative prices or something more sustainable? i think it's going to take quite some time for us to actually see it in the data assess it. >> we're going to get more numbers this week, jim cpi wednesday. retail sales friday. and a large part of the market is bracing for numbers that will look hot. >> they should the retail sales in particular "mad money," friday, very, very big. so let's go through the math here i have to pay $22 per hour in order to be able to beat the unemployment benefits. i can't. at $18 an hour, i'm paying, which is the highest i've seen in the area that i'm in, i am still at a $4 disadvantage to unemploy

i want to bring in now cnn's senior justice correspondent evan perez and law enforcement analyst charless unbelievable. it's really hard to watch. tell us what else is happening at this moment, evan? >> well, don, you know this is probably the most heinous or among the most heinous of the scenes that unfolded that day. this is shortly after 3:00, and the breach had already happened on the other side of the capitol. there were crowds already filling the terrace. i have pictures from just behind where officer fanone was being assaulted. so this is whereas he describes there is hand to hand combat as this mob is trying to get into the capitol from the west terrace, the lower terrace. and the officers are fighting for their lives. they're also trying to protect and stop the crowd from going inside the building to protect the members of congress and the staff that are in there. and you can see from some of the interaction, you can see they are hell-bent on getting in there. the charges against four men who have been charged so far in the assault against fanone describes a horrific scene. you

i want to bring in, now, cnn senior justice correspondent, evan perez, and law-enforcement analyst, charlesuch. i -- that video -- it's -- it's unbelievable. it's really hard to watch. tell us what, else, is happening at this moment, evan. >> well, don, you know, this is probably the most heinous, or among the most heinous, of the scenes that unfolded that day. this is shortly after 3:00, and the breach had already happened on the other side of the capitol. there were crowds, already, filling the terrace. i have pictures from just behind where officer fanone is being assaulted. and so, this is where, as he describes, you know, there is h hand-to-hand combat, as this mob is trying to get into the capitol from the west terrace. the lower terrace. and the officers are fighting for their lives. they are, also, trying to protect and stop the crowd from going inside the building. to protect the members of congress and the staff that are in there. and you can see, from some of the interaction, you can see that they are hellbent on getting in there. the charges against four men, who have been charg