we bring in two season pros for the floor show, trader john carpina and hugh johnson from hugh johnson advisers. john c,, if you couldn't undersd what jay powell was saying yesterday, you need to go back to school. how can investors be fleet of foot and what trades are you seeing that show certain areas where the smart money's going? >> liz, they were very clear. we're not used to that much transparency so that's really good to see because the market doesn't like the unknown, it doesn't like the curve balls so that's good. kind of getting an idea of what they're looking into. just a few points, you made that comment coming in about fedex and we were on the fraying desk looking at tape going by and how did this pop out here and it's happened from time to time and it's very rare and does happen. it'll be interesting to see how that plays out and one thing on leading credit rates and how it's affecting rates going up, consumer usage or using it less. look at mortgage rates too hitting at 6.29% and highest level since 2008. what does that translate to? that means it's going to cost purchas

hugh, there are some new polls out today, ron johnson in wisconsin, in our latest for, up four, tight a republican, i am real happy, bret, not only with the fox poll's, ron johnson, beating russ feingold, three and a half points, a mainstream democrat, mandela barnes is way out there on the left and that is beginning to tell and ron johnsn is a heck of a retail politician so i think that one is in the bag. dr. oz is a surgeon, herschel s surgeon, adam laxalt in nevada has pretty much got it in the bag, masters is behind in closing, it's a good math for the republicans, if you offer the objective observer, which one do you want to, the republican chances in a 50/50 senate or the democratic chances, i think 4 out of 5 people would take the republican chances. >> bret: let me put up the wisconsin senate paul mack again, ron johnson 48%, mandella barnes 44, a guy you were just in wisconsin, shift has changed. >> the northwoods area talking to plugged in people in wisconsin politics and they told me they never felt more bullish and more confident about senator johnson, his position. a whol

johnson learns what happens when you displease the parliamentary party. francine: thanks so much, lizzy burden there at westminster. joining us is hugh gimber from j.p. morgan global asset management and kristine aquino from our research team. dollar is changing everything. >> the tide that is moving everything else. in currency markets ecb pressure on the yen -- you see the pressure on the end that is starting to worry markets. authorities in china have been trying to mount a stronger pushback, making the yuan stronger. what is the overwhelming force -- but it is the overwhelming force in corporate stories overnight from the u.s. at this point, there is nothing that will stop it. francine: i want to ask about the u.k. but actually the dollar seems to be dominating everything. hugh: when you look at the pound, i think a lot of what is going to be driving that is the strength of the dollar. when you take out the relative strength of the dollar compared to the day, the only thing the pound really has going for it today is the fact that you have very few people on your shoulders talking about liking the pound. positioning is stretched, many investors ar

hugh 0'leary. other than that, the formal business can be done very quickly. borisjohnson will simply indicate boris johnson that she is the leader of the largest party in the house of commons. we remember that the criteria for being prime minister is that you must command the confidence of the house. at the moment, no sign, quite a few police officers, but no sign yet of boris johnson. i would officers, but no sign yet of boris johnson. iwould imagine officers, but no sign yet of boris johnson. i would imagine he would be arriving here pretty soon. ok, thank ou for arriving here pretty soon. ok, thank you for that- — arriving here pretty soon. ok, thank you for that. what _ arriving here pretty soon. ok, thank you for that. what is _ arriving here pretty soon. ok, thank you for that. what is happening - you for that. what is happening there in scotland. let's pick up with nick eardley in downing street. 0nce those formalities have been taken care of, liz truss will be instantly switching to thinking about what she needs to do today, tomorrow and in the days and weeks ahead. she has a really, really busy in