of farr, millon and washin good to see you, michael. >> thank you, sue. nice to see you. >> let's start with where mike left is the bull market broken or just bent in your opinion? >> well, it's certainly bent for 't haved i don't -- i d a sense that it's broken, though this has the stuff that could get us there. certainly, the volatility that we've seen, righ the algorithms that have had these really sharp swings, but i think what we're seeing is this really change of menu for stocks. we have been feasting onin lorest rates for years. now the fed is changing rates and we're now finding our nourishment from capitol hill, from tax cuts and from a whole lot more spending. so it makes sense that this change of diet would be rough for stocks. it could get, i think, a little bit rougher still. this volatility today, up side volatility, 400 points, nobod minds up side volatility. it's down side volatility a breaking that 200-day moving average on friday would mean that we could probably go back have redit and still ink in our future. >> how does jerome powell,

let's talk about the week to come michael farr is a cnbc contributor.re has been a buffet of low interest rates here, michael are the markets balking at going on a diet? >> i think that's a great analogy, contessa. yeah, i think they are, but i think there's something bigger at work here this idea of interest rates and cheap money for years has really fueled a serious market rise since the depths of 2009 that's shifting now. the federal reserve is starting to raise rates and upon that course if we get the three or four hikes this year, we're going to see mortgages at 3% or over. that's freaking out out real estate the balance in the economy and the real battle out there is coming from earnings because with this tax cut, with these other spending programs we just heard about from congress, they're dumping a lot of stimulus money at least into corporate hands, a little bit into the hands of the average joe. so earnings are starting to go up and those earnings are what's going to put money back in the public's hands to spend for the new mortgages. this is

is with us, president of farr miller and washington also back with us, suni harper let's begin with the markets and a snap back, a volatile day shaping up as interest rates continue to grab all of our attention. suni, great to see you again, welcome back >> thanks, scott, great to be here >> where are we in this rally, as volatility has picked up. >> for sure. >> concerns picked up but where rates are going. >> yes >> how does it all play out? >> honestly, i would call these growing pains, to quote our house view on the ceo side there are opportunities here there will be a little dip coming out of rates. i think we'll see higher rates from here, temporarily pushing the market down a little bit we still like the story, the trend is going to be up. the fundamentals are strong across the oard. value stocks versus growth i'm not walking away from the super growth stocks that are driving change around the world. feel pretty good about the rally continuing but as you say, volatility is up rates volatility is up, highest point 25% in the last two weeks alone. >> are we, michael, on the cus

is with us, president of farr miller and washington also back with us, suni harper let's begin withnd a snap back, a volatile day shaping up as interest rates continue to grab all of our at

we have farrs who are passionate about their work, attached to the soil, and i think there are certain next matisse spread out in the region -- there is certain next matisse spread out in the regions." french president emmanuel macron has staked out a middle ground ahead of the farm show. he urged farmers to invest more rather than complain about overseas competition, while also promising to protect them from foreign land buyers. >> its part in agreement with the island nation's creditors for the very first time, this pitiful island of the seychelles has designated the seas surrounding the islands as protected waters, safeguarding fishing and tourism industries and receiving get relief in return. the debt restructuring agreement will pay some of the money into a trust fund. reporter: for many, this indian ocean island is what paradise looks like. the remote island is home to the world's largest population of giant tortoises, and is the spawning ground for a number of rare species. the seychelles government has signed a bill restricting nearly all human activity in the waters around it.

let's check in with a pro - grill master ryan farr of 4505 bbq and burgers.ne in my point of view is definitely bbq and chicharrones, pork rinds... beer is perfect for those two items. 4505's motto is pig in r pig out.. so it's ready-made for pigskin action. ryan is quarter-backing this on camera how to. it starts with a good rub of special spices. then a massage of mustard. throw it on the bbq smoker or in the oven. good bark is important.(vicki liviakis) of course if you're not in the mood to cook at home, you can always do takeout and still score points. ryan will be more than happy to throw another rack of ribs on the fire for you. they've got the game on too, so you won't miss any of the action. in san francisco, vicki liviakis kron 4 news. after the break ... the hawaii missile worker who sent out a false alert talks for the first time on camera about what went wrong. live look outside... san francisco international airport. it's time for the 'ultimate sleep number event' on the only bed that adjusts on both sides to your ideal comfort, your sleep numbe

coming up, we will get a read on the economy and the point of farr,f hiring with david a chairman and, this is bloomberg. ♪ ♪ i have talked to in the is a sleeved or participant, and sooner or later, it comes to employment. are we growing jobs fast enough? our wages going up? do we have enough workers, and are they right for the job? david farr is on the front lines of the debate as the chairman and ceo of emerson electric, employing over 75,000 workers, and the chairman of the national association of manufacturers. welcome. david: great to be here. david: from emerson's point of view, what is the situation of employment? i'm curious about, are you having to raise wages because we saw numbers two weeks ago that they're going up, and are you having the right trouble getting qualified employees? david f.: yes, yes. the wage impacts started last summer ahead of time. what we start seeing as optimism in the world, jobs expands, and we have gone up a notch in wages. i expect that to happen the next years. from the standpoint of finding people, you can find them but you have to pay them mor

let's check in with a pro - grill master ryan farr of 4505 bbq and burgers.ltimate superbowl party cuisine in my point of view is definitely bbq and chicharrones, pork rinds... beer is perfect for those two items. 4505's motto is pig in r pig out.. so it's ready-made for pigskin action. ryan is quarter-backing this on camera how to. it starts with a good rub of special spices. then a massage of mustard. throw it on the bbq smoker or in the oven. good bark is important.(vicki liviakis) of course if you're not in the mood to cook at home, you can always do takeout and still score points. ryan will be more than happy to throw another rack of ribs on the fire for you. they've got the game on too, so you won't miss any of the action. in san francisco, vicki liviakis kron 4 news. ( robin ) coming up on the kron 4 morning news we continue to follow breaking news. fire fighters on the scene of a house fire in san francisco. this is a live look from the scene. we have a reporter on their way to the scene. we will check in with them as soon as they get there. back to o

let's check in with a pro - grill master ryan farr of 4505 bbq and burgers.ltimate superbowl party cuisine in my point of view is definitely bbq and chicharrones, pork rinds... beer is perfect for those two items. 4505's motto is pig in r pig out.. so it's ready-made for pigskin action. ryan is quarter-backing this on camera how to. it starts with a good rub of special spices. then a massage of mustard. throw it on the bbq smoker or in the oven. good bark is important.(vicki liviakis) of course if you're not in the mood to cook at home, you can always do takeout and still score points. ryan will be more than happy to throw another rack of ribs on the fire for you. they've got the game on too, so you won't miss any of the action. in san francisco, vicki liviakis kron 4 news. (jrstone) another game day favorite... chicken wings. the national chicken council says americans will eat a record number of wings this super bowl weekend. the trade association for chicken producers and processors expects more than one-point- three billion wings will be consumed. the dep

anybody remember exodus and f farr farrfa pharoah. they were bad kings. and the people of god did not have to just take it from any bad king. so it have been about unlimited submission to any king. let's look at paul's situation. paul specifically writing to the romans. he was dealing with christians who were just taking a little too literally the idea that christ's kingdom is not of this world. sometimes christians take that a little too literal. it doesn't mean this world is gone. it means you still have to live in the world, but live in a different way. so paul is saying the key to understand this is one specific first, one specific section of a verse that people tend to overlook. and that is paul said that the ruler was the minister of god to thee good. so if the ruler is not acting in the people's best interest, it if the ruler is not god's minister for the people's good, then christians should resist. christians should rebel against that king. part of this then means, the patriots said, we have to have some common sense when it comes to approaching

let's check in with a pro - grill master ryan farr of 4505 bbq and burgers.imate superbowl party cuisine in my point of view is definitely bbq and chicharrones, pork rinds... beer is perfect for those two items. 4505's motto is pig in r pig out.. so it's ready-made for pigskin action. ryan is quarter-backing this on camera how to. it starts with a good rub of special spices. then a massage of mustard. throw it on the bbq smoker or in the oven. good bark is important.(vicki liviakis) of course if you're not in the mood to cook at home, you can always do takeout and still score points. ryan will be more than happy to throw another rack of ribs on the fire for you. they've got the game on too, so you won't miss any of the action. in san francisco, vicki liviakis kron 4 news. (pam) and a special dine and dish treat - the 4504 rib rub recipe is on our website compliments of the chef. if you have a restaurant, bistro, cafe or bar that you'd like to see featured on 'dine and dish'... you can send an email to dine and dish at kron 4 dot com .... or fill out the submi

we learned that the victim is 72-year-old tony farr of philadelphia. we must stress again that the philadelphia parks and recreation department is out here all day making sure this area is secure. and they say if are you in this area and you see the cave-ins and holes, report it to the city. all you have to do is dial 311. gray hall, channel 6 "action news." >> all right gray thank you. >> police have now released new surveillance video of a man robbing a northeast philadelphia business with a large knife. cameras captured the robber inside the store on caster avenue on january 17th, the clerk said the man asked for cigarettes and pulled out a knife and demanded cash, once the register was open he grabbed the money and left and the worker was not hurt here. if you have information on the crime contact northeast detectives. >> to our forecast now. an accuweather alert is issued for saturday as a potent storm system is expected to move in. meteorologist, adam joseph, tracking this one closely he joins us in the weather center with more of what to expect

futures now, the dow just turned negative off by 21 points here in premarket let's bring in michael farrod morning to you. what are you watching as we kick off the day? >> there's so much to watch today. i'm watching the memo out of the white house. i'm watching earnings. i want to see what facebook does as they open facebook, as i looked at that report and the stock reaction strikes me like the fish market. you ignore the yelling and screaming and pay attention to the fish the two big canaries in the coal mine are the treasury yield curve. short rates are coming up. the treasury yield curve is getting flatter. that's always -- that happens before a yield curve inverts i'm hoping it won't. it looks like this yield curve will invert, which means longer rates will be lower, longer-term securities will pay lower yields than shorter term securities this kind of an aberration is a typical forecaster predecessor of a recession actually ten of the last 13 recessions >> but michael in the last couple of weeks we've seen longer ends pick up a bit. >> a little. >> yesterday when we hit 2.75 on the

reporter christine farr over at cnbc discovered apple is going to open its own medical clinicsa in santaclara county for employees and their families.nti they're looking to fire.te the job listing talks about s state of the art facilities. amazon recently said it would fe look into providing private healthcare for its employees asa well. and microsoft are squaring up in the supreme court again, this time a fight over a dhere data is stored. and whether the feds can look at it. the fbi wants to lookil i ats s domail written by an accused druge dealer, but that e-mail i stored on a microsoft server in ireland. so does american law apply? it is after all an american company, microsoft, but the ir e-mail is not in america so whose law applies? so far court has said it should be covered by irish law. this is one we will be watching closely because so many things >> whose law applies? >> very interesting. >> that's a goody that question >> it t is. >>> it's 5:16 right now. a possible menu change at levi stadium. the company haspr beenimar prov. food and drinks they are laying off some workers.

we have a sam farr percent reduction in the cost of the state to produce to a civil degree. our faculty is the same size. that is a metamorphic transformation because out on we frontier, where we are, don't have a fixed idea of what we are supposed to be. most universities have become fixed ideas. that is work anymore, it worked very well, we have unbelievable achievements and it does mean ever one has to change. our 2025 balls are even more significant. 32,000 graduates, matching the diversity of our support -- society. men, women, ethnicity. no predictability based on family income for graduation. what is the key drive? new design. anyone of you as governor that are tempted to enhance the productivity of your universities by managing the present design, you will not be successful. this is particularly operating this cap. we all know definitively that for the 10-year-old child born into thousand eight, for that child, 60% of the jobs that child will have access to an answer the workforce, i don't mean this lightly, they do not exist. we don't even know what they will be cal

reporter christine farr over at cnbc discovered apple is going to open its own medical clinics in santaounty for its employees and their families. they are looking to hire, by the way, the job listing talks about state of the art facilities. amazon recently say it would look into providing private healthcare for its employees as well. >>> the u.s. and microsoft are squaring up in the supreme court again, but this time it's a fight over where data is stored and whether the feds can look at it. the fbi wants to look at an e-mail written by an accused drug dealer, but that e-mail is stored on a microsoft server in ireland, so here is the question, does american law apply? it is after all an american company, microsoft, right? but the e-mail is not in america so whose law applies? so far our courts have said the e-mail should be covered by irish law, the justice department has appealed that and so it's in front of the supreme court this morning. >>> 6:17 right now. college basketball player, have you seen this, he's being praised for missing a free throw. jordan buick hand nonis one of the

. >> last thing i nt to do is come back to the conversation i just had wi oth ronan farr the "new yorkergazine, detailing, david, more information about the president's extra marital affairs before he ran for president, but an elaborate system of payoffs by a friend of the president's in der to, in essence, buy the silence, if this is to be believed. >> yeah. people can judge the president's behavior on moral grounds you know, we have his comments on the record about boasting of sexual assault and whether he was involved in extra marital affairs. rmyt's serious in the sto daniels case is the payoff. it may violate cmpaign finance laws but it puts the president and the candidate in a position of being blackmailed. they're paying off, either in the case of stormy daniels meone directly, or in this case, allegedly, a ver important media organization that now has something on the president, he at least owes them a big favor. i can't imagine how much a deal this would have been ie congress, thuld have been 60, 70 investigations if this happened under the obama adminidrration. >> wf: how damag

sam farr from california helped cleanupthe most massive in the country. ofad 13,000 acres contamination and sam and our staff worked on it. they got me the people, the experts to clean this site up. we never thought about who was republican or who was democrat. carter's expert on insurance set down with me and walk me through hell pensions worked. pensions out -- how worked. answered.out and they coming from a small town, practicing law in a very small town, we always believed that you trust people. sometimes you might get burned but it was still worth a to trust people, because it always works out in the end. highlight ofy the andding time in congress the experience is always the people. we going to politics, at least for us and our family, it is about the people. you meet the most incredible people. whether that is in your district or that is to your colleagues are and the people you meet who this wonderful institution, which i think it is. the u.s. congress. it is the people. foreign affairs. we did a lot of traveling. i left my kids. again!one we did

sam farr from california, sam helped me with the most massive cleanup of unexploded ordinance in the country. and he had fort ord and i had 13,000 acres of contamination of unexploded ordinance and sam and our staff worked like this, he got me people, the experts, to clean this site up. we never thought about who was republican or who was democrat. ben cardin's expert on insurance sat down for two hours with me and went through how pension systems worked because i reached out and said i need help and where do i go. maybe i was naive because i never held office before, but coming from a small town and practicing law in a very small county, we always believed that you trust people. and then sometimes you may get burned, but it's still worth trying to trust people because it always would, in the end. >> well, i would say that the highlight of spending time in congress and the experience, one, is always the people. you know, and the reason we go into politics, at least for us, and for our family, it's about the people. and you meet the most incredible people and whether that's in your di

sam farr from california, sam helped me with the most massive cleanup of [inaudible] ordinance in thecountry. he had [inaudible] and i at 13000 acres of contamination of unexploited [inaudible] and we were like this. he got the people that were the experts to clean this site up. we never thought about who was republican or democrat. then cartons expert on insurance sat down for two hours with me walk me through how pension systems worked. it's because we reached out and said i need help and what do i do. maybe i was naÏve because i never held office before but coming from a small town in practicing law in a very small county we always believed that you trust people and sometimes you make it burn but it's still worth trying to trust people because it works in the end. >> well, i would say that the highlight of spending time in congress and the experience, one, is always the people. the reason we go into politics him at least for us in our family, it's about the people. you need the most incredible people. whether that's in your district or whether that is where your colleagues are in t

pretend you are not totally vested in it you, david farr, emerson electric ceo i want you guys to go. we still have so many sceptics you guys are biased, obviously can we get an analysis of what it has done and what you think the long-term effect will be >> absolutely. dave has asked all of our 14,000 members to give some input on what they expect to do with the benefits of tax cuts it is not just tax cuts from last year. it is also the regulatory relief we have seen over the last 14 months we have story after story of manufacturers who are planning to invest, who are planning to hire, to raise wages and benefits the news has all been good i have not heard any negative sentiment. >> when you do the numbers, it is a small percent you have a whole side of the aisle calling it crumbs. >> i don't think they are in touch. >> the wind shifted back to manufacturers starting last summer as we started debating around regulations >> he is really focused on trying to make manufacturing a better place this is the first time people in my industry see an incentive to invest. we have not had incent