we will be joined by comerica bank chief economist robert, next.s is bloomberg. ♪ haidi: i am haidi in sydney. ramy: i am ramy inocencio in new york and you're watching "daybreak australia." jay powell says the central bank will stay on its gradual rate to keeph for now inflation near target as the u.s. labor market tightens. trade tensions could be a threat to wages as well as growth. kathleen hays is here with a look at those two words bringing andhe words of economists investors for now. why does that matter? kathleen: pretty quickly, that foot everybody was looking at. the fed sees more rate hikes. let's listen to exactly what jay powell said as prepared testimony earlier today. job market,rong inflation close to our objective, and the risks to the believe thatce, we for now, the best way forward is to keep gradually raising the federal funds rate. kathleen: why is that a big deal? more and more people are dignified on autopilot. let's take a look at the dots dot plot. rise interest rates regardless. looking for the four rate hikes. jay po

. >> leading the major sectors higher three of the names, comerica, first republic and wintrust financiall three continue to move higher >> coming up, pete is with us next unusual activity. we'll find out the bullish moves he's tracking today in a stock that's down 20% in a month what does the options market say could happen next? we'll get his trade. first though, the s&p sector check. there it is today. there it is. financials leading the way today. back right after this. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. in testing our performance line, we go to at the lexus golden opportunity sales event. lease the 2018 is 300 and is 300 awd for these terms. experience amazing at your lexus dealer. here's a trip tip: when you search hotels on tripadvisor... enter your destination

a card reader and pin hole camera were found in the atm at comerica bank at central avenue. the photo showing where the camera is. the camera can see you type your pin into the machine. to protect yourself, officers say use the atm inside a business or bank and look for anything out of the ordinary before you insert your card. >> now your morning money report. moviepass is on life support this morning. >> the stock price for its parent company has dropped below $1 per share. according to business insider, the plummet comes after an all hands on deck meeting at moviepass headquarters yesterday. the company announced it would bar subscribers from seeing some major upcoming releases like disney's "christopher robin." the change comes after a very bad few days for moviepass that included running out of money and angering subscribers by surge pricing every movie, even those that have been out for weeks. >> taking a live look at the new york stock exchange as trading gets under way. you can see we're up 103 points. that's .40% right now. morgan stanley warning investors of an impe

a card reader and pin hole camera were found in the atm at comerica bank at central avenue, and policeut this photo showing where the camera was. that camera, you can see, is where you can type your pin. and it can capture that. to protect yourself, officers say to use an atm inside a business or bank and look for anything out of the ordinary before you insert your card to any of those atms outside. >> uber is putting the brakes on its self-driving trucks unit. the company says it will end the san francisco-based program and instead focus its efforts on self-driving cars. uber's self-driving truck efforts have faced a lot of controversy and legal problems. >>> new this morning, nissan making it easier for drivers to remember toake out any important things in their back seat. the automaker will make its rear door alert feature standard in its cars. when the car is turned off, drivers will be alerted to a series of honks to remind them to check the back. nissan says the system will be in all of its cars in two years, by the year 2020. they hope it helps keep children safe. the national s