judith recognized that she might be putting governor jay in an awkward position, john jay had a long association with anti-slavery causes and was governor of new york in 1798, just a year shy when the state would finally pass a gradual emancipation law. and so, judith, sensitive to this, proposed the actual bill of sale for the enslaved woman from schenectady be put in the name of another livingston sister. i don't know whether john jay demurred to or even knew about his sister in law's scheme, but it clear that this daughter of one of new york and new jersey most prominent lineages clearly black labor with social status. and even after new york state passed a gradual abolition law, with governor jay's approval, she still imagined that upstate new york would be a place where african-american laborers would undergird wealth status and regional development. in a may 1800 letter, she wrote her sister about, migrants from maryland and pennsylvania, who will, quote, introduce a more polished society. they including one man who had purchased 20,000 acres and quote, will bring 70 blacks wit

: yeah. >> jay: so where they at?to hear the most annoying sound in the world? >> anthony: yeah, that's it. and yet, despite there being millions of invasive wild pigs in louisiana, after tear ass-ing around the marshes for hours, we come up empty. no pig for you, yankee carpetbagger. >> jay: i know you want to have a family dinner, and all this romantic bullshit, but look, i can tell you. my grandma has the most impressive farts you ever smelled. and the best cinnamon rolls, too. you're in for a treat. >> anthony: i was looking forward. [ laughter ] >> bruneaux: nope, we didn't see nothing. no pigs. it happens. i guess why they call it fishing and hunting instead of killing and catching. you know? >> jay: let's continue on with the beer drinking and perverted jokes. you know? >> anthony: indeed. >> jay: that's what we came here for. ♪ >> anthony: there are consolations however for our mighty hunters. back at the miller home, grandma jackie prepares fresh-baked bread. while uncle bruneaux cooks up some traditional fam

jay powell conceded. at the end, there was also the idea where jay powell gave the idea that they are steady as she goes, they're going to be tightening, but that is not new. some market participants want to your something different but that is not new. i would say we did not learn anything new. a great conversation, lots of humor. we have the s&p 500 off of its lows but also off of its highs. i would suggest this year's rally is in place. kriti: i want to bring in michael mckee who is on the ground at the washington economic club. to add to the point of what abigail was talking about, that 2% global standard, if you are sticking with that, doesn't that mean cuts already given at some point -- cuts are a given at some point? michael: in a long enough time, everyone is dead. the thing is that the fed is using 2% as a target. that is what their target is. they may revisit this when they do a review of monetary policy. that is their goal. it looks like inflation is moving in the right direction. a strong eco

you are super tall. >> jay: super? >> kelly: i am 5'3". >> jay: i am 6'3". we were originally supposed to get married this summer of 2020. we had a good time. >> kelly: it's a shame she is an act attractive and you're not attractive. you look like those people, when you buy frames. he look like actors. you're paid to be in the photo because you're so beautiful. >> jay: we got married in italy. we were supposed to get married in 2020. we got married just south of florence and tuscany. the first trip my wife and i ever took together was to italy. she lived there for ten years and worked there for a long time so we decided we want to do a destination thing. we got like 200 closest friends to come party with us in italy. >> kelly: i am about to take a trip in march. we are going around tuscany. i have been all around but never really, i don't know, ventured in that area. i heard someone famous showed up at your wedding your mom was more excited about than you getting married. >> jay: yeah, i've known anna kendrick, are introduced through good friend of ours, tom

meant to them. >> jay, come here. >> reporter: coach brandon shaver calling jay up with a high five,rprise. >> an opportunity that we're going to have for tonight is -- jay, you're going to suit up for us for the first time. >> reporter: presenting jay with a jersey. he was going to play. his name announced on the court. >> jay wilson! >> reporter: number 32 with the handshake. fist bumps for the refs. and then they pass him the ball. [ cheers ] jay makes a clutch three-pointer. both teams, everyone in the stands cheering for jay. and tonight, jay, coach shaver, and his team on what that meant to him. >> what feelings did you have when you made that shot? >> awesome. >> it was awesome? what was it like when everybody surrounded you and we came out off the bench? >> love. >> reporter: love from his team and his community, proud of their jay. >> what a moment, and a great shot. thanks so much for watching tonight. >>> a reminder, an all new "20/20" tonight at 9:00 eastern. i'm whit johnson in new york. see you on "gma" in the morning. good night. >> building a better bay area, moving f

pretty key is that speech from jay powell. the ftse 100 gaining .1%, the cac 40 in france gaining eight points, the spanish ibex range bound. we have data from germany, industrial production dropping far faster than had been expected by economists. we'll see how that plays through for germany, pointing to a bit of fragility at the top line around the industrial sector. futures in the u.s. pointing to very modest gains on the back of two days of losses. aussie dollar getting .6%, on the back of that 25 basis point hike, but it was the hawkish commentary from the rba suggesting for their hikes could be coming down the pike that has strengthened aussie dollar, bloomberg dollar index is lower, playing into that as well, you see a bid for u.s. treasuries, five or six basis points lower after a rally in yields, 4.41 of the two-year, brent $82 a barrel, almost 2% gain, wti back above $75 a barrel, surprise decision i the saudis to increase production. it seems there will be solid demand out of asia. francine: let's look at the 20 gro

do you believe jay powell?ads: i believe that he managed to do a press conference without messing up things which is positive. i believe he stayed in line with the message and i think there is a large possibility that he will not it that an 12 months. i don't believe they will hike three or four more times. when we see the amount of disinflationary -- disinflation the system, i think inflation will be under control and the balance of risk speaks for moderating rates going into next year. francine: you believe that he wanted to sound dovish or he didn't sound as dovish as the markets interpreted it? mads: i think he sounded dovish and the markets saw through what he said but he cannot change his view as fast as the date it changed recently. the fed is always fast moving as they need to be but they had difficulties catching up with the reality of the disinflationary forces. they have tried to position themselves but keep it openly dovish to hike a few more times. they are little bit behind the curve and i think m

our financial conditions too loose for jay powell? we look at market pricing of the terminal rate, widely expected a 25 basis point hike from the fed. nearly half a million u.k. workers will walk off the job as part of the biggest coordinated strike in a decade. significant disruption is expected with futures, civil servants, train drivers and border workforce workers taking part. tom is at kings cross in london where he is joined by a guest. tom: good morning. around half a million people will strike here at kings cross, a major transport hub for the capital of the u.k., where we will see just 20% of services across the u.k. running in terms of railway services. as you mentioned, we are pleased to be joined by the assistant general secretary for the trades union congress, which has played a significant role in today's action. the biggest strike action arguably in a decade in the u.k.. kate bell joining us now. thank you for your time. today's action, what does it do to move you closer to the goals you hope to achieve? >> we are havin

which jay powell appears on the podium. on friday we have san francisco fed president mary daly on our air exclusive interview. the first fed official to speak publicly after today's press conference. get ready for that. after the close we also have really big news, folks. we have earnings coming in from meta. i got to tell you something. this is a big, big deal. this is the first mega, not the first megacap this week. formerly known as facebook, very influence stock. i want to give you the setup. this is a stock when they reported earnings in the past, it would move 3%, 4%. take a look the way it moves down, 24% down, 17% up, 25% down. this stock is going to make a real big move. here's theroblem. it has become something like russian roulette. we're not sure wheret wall stret is looking for, the average for the year, wall street thinks they make $160 a share. stock will go there, 260 is the top target, 102 is the bottom target. that is a pretty big gulf. it's a little bit dicey. they're looking tonight, almost 32 billion.

shery: fed chair jay powell with david rubenstein.e saw the moves in the dollar as well, falling for the first time in four sessions in new york. we're seeing it stable at the moment at the 1235 level. let's bring in senior reporter, affects and rates reporter, ruth carson joining us for a look at the fx markets. how are investors taking chair powell's comments? ruth: absolutely. yesterday's session was a good glimpse as to how people are viewing the dollar. what powell said about the interest rate outlook, we did see the dollar swing around, gaining losses we need to keep rising to ensure inflation is under control. the dollar has risen about 2% since the last week. traders have been saying it is time to take some profit, after the recent volatility. investors are turning more bearish on the dollar over the longer-term. the big peak is behind us. at some point, the fed will have to cut rates, leaving room for currencies like the australian dollar, the euro and the yen rally further. haidi: so much uncertainty for it. what are we seei

did jay powell achieve that goal? he was asked a bunch of different questions were he seemed to leave it open. >> he achieve the goal of getting through this meeting without necessarily signaling or having the markets misinterpret terribly what he had to say. they are feeling their way along, they are in a new phase in many respects. the first was to get to neutral. the second is to get into restrictive territory. now they believe they are going truly meeting by meeting. they probably need more a little bit more restrictive stance of policy. in march, we will learn a lot about when they are closer to it, how they see a stopping point, a holding time, then ultimately a pivot to easing. >> is there still a sense that the markets think the fed chair is bluffing? this is the first gain we have seen for equities on a fed day since back in july. is there a sense that the market is thinking about the fact that jay powell is keeping the optionality that he doesn't see rate cuts as a base case for this year? guest: sometimes t

jay powell coming up shortly. 40 minutes, maybe longer than that. 50 minutes to go until jay powell willm trying to maths, it's hard. it says on the screen in front of me it's around half an hour. so it says on the screen in half an hour fed chair jay powell will speak. of course he will be speaking to our good friend david rubenstein. a sit-down of the economic club of washington. you also have tif macklin speaking later on. going to get the state of the union at 9:00 p.m. in washington. david westin has some great coverage at 8:30. alix: this is the moment where the producers say read the prompter. >> it's wrong. it says half an hour. he's going to be speaking -- i'm just saying that. alix: this is going to be fun. we will be monitoring that on television. david westin will speak with mike mccall of texas. joining balance of power. guy and i are heading to radio. the government changes over in the u.k.. the nasdaq 100 up by 5/10 of 1%. you have to wonder how much short covering is playing into the move. earnings revisions aren't as terrible as they used to be. maybe that's helping impr

which jay powell likely to say?feel he thinks they're in the same boat and they are saying they will have to raise rates more and so are we. the interesting question will be , number one, jay powell may say we are waiting to see if this is an anomaly. may be overstated by the yearly adjustments and how they calculate the number of people who get jobs, etc.. he may say this is great for the economy. cool final demand, but we will wait and see more data. i wouldn't be surprised if he said that, but he will say this is something that reinforces that they have to do more in the question is how high they will go. rishaad: our global economics and policy editor talking about the 25 basis point move from the australian central bank. just go to tliv , you can get commentary from bloomberg's expert editors. as the focus now on what happens with the fed chair jay powell and others weighing in from the federal reserve's. but skip it -- it's get that in the rest of the first word news with vonnie quinn. vonnie: rafael bosti

what wisdom does jay shetty have this valentine's day?> i think for everyone who's felt they've lost themselves in a relationship, you can find yourself in solitude. llo 12 hou. 12 hours!! not coughing? hashtag still not coughing?! mucinex dm gives you 12 hours of relief from chest congestion and any type of cough, day or night. mucinex dm. it's comeback season. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. go the extra mile this presidents' day in a volvo mild-hybrid vehicle. ♪ >>> thanks for joining us. there is heartache tonight on the campus of michigan state university where the lives of three college students are being remembered after they died in yet another mass shooting in america. and now we're learning new details about the tip that led police to the gunman. here's abc's alex perez. >> reporter: that gunman's rampage unleashing

tom: and valerie has been on hand, the details and the response from jay powell. really fascinating. your reaction to the market reaction, and the fact that there was no aggressive pushback on the financial conditions. valerie: that was the first question and stocked -- stocks ripped right after he answered it. he did not seem bothered, he took a more long-term view saying the trend has been for financial conditions to tighten. he was very dismissive of the recent loosening we have seen in january and december. also no reaffirmation of those hawkish december dots. that is another thing the market was looking for. he was asked about causing. it wasn't a flat out now. he reiterated they are highly data dependent, the disinflation process has begun, and calling the fallen inflation gratifying, welcome, and encouraging. there was no big back on cuts, the main reason why the market has it priced in is because they have a more rosy view on inflation. he said, if it was their own inflation path, the policy path would look different, too. we have the revised markets comin

jay hernandez is here! [ cheers and applause "magnum p.i. just won two grammys for best new artist and best jazz vocal album samara joy is here tonight [ cheers and applause phenomenal phenomenal right now, guys, it is time for "tonight show hashtags." here we go ♪ hashtag hashtags ♪ >> jimmy: well, we do this thing every week, where i send out a hashtag, and we ask you guys to respond to that topic. this week, in honor of valentine's day, i sent out the hashtag, "why i'm single." and i asked you guys to tweet out a funny reason why you think you're single. within minutes, it was a a trending topic in the u.s. [ cheers and applause so, thank you very much. now, i'd like to share some of my favorite "why i'm single" tweets from you guys here we go this first one is from @djtheoldman he says, "i sleep with socks on my hands because i get very cold at night. [ laughter and applause >> steve: why not get gloves >> jimmy: i don't know, man. or just put your hands - >> steve: under the blanket. >> jimmy: under the blanket. >> steve: get some pocke

do you think jay powell can engineer a soft landings.articularly after nick timiraos asked him a question he got a little loosey-goosey, yeah i can do this? >> yeah, he was the most confident i've actually seen him. he is trying to engineer this soft landing on a rocky surface. it is murky, he is not seeing that much. what he is seeing though is that those consumer good prices are coming down. it is impacting the housing market which is really interest rate sensitive but where it is still not clear is unemployment. the unemployment rate is still at a record low. yes we've seen these headlines, layoffs across the tech sector, but it is just a drop in the bucket, right? and so i think until we see inflation rate at you know, 3 or 4%. i know they want to get to two. i don't think they will get there. the unemployment rate meaningfully going up, i'm saying just a little bit which is meaningful, i think they're going to keep increasing rates by 25 basis points. it is more of a measure, these are smaller, market likes it. i think he can pull i

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maria: that is federal reserve chairman jay powell jay powell yesterday announcing increase in interestof 25 basis points, that is the small evident rate hike since last march joining me right now former president ceo of the kansas city federal reserve, the former fdic vice chairman, distinguished senior fellow thomas hoenig good to see you thanks very much for being here do you believe we are in disinflation. >> i am looking at a dozen eggs 60%, give your assessment of jay powell's speech the rate hike we saw yesterday. >> well, i think first of all, the economy is slowing. that was purpose of raising the rates so we're getting that done. i think what you have is a -- talking past one another a little bit. the market is saying the fed has done so inflation is coming down. now they are going to begin to think about lowering rates again but before the end of the year. the fed is saying no we're just getting started. and we want to make sure you understand that we are just getting started so we're going to keep rates up and discussions inside fed will be, how long do we keep rates elevate

we'll be right back with "new york times" best-selling author jay shetty.sleep— you know, insomnia. before i found quviviq, an fda-approved insomnia medication for adults, you would not believe the things i used to think about when i couldn't sleep. hey, linds. i need you to sign this business contract. all 114 pages. lindsey! lindsey! hey, lindsey! it's workout time. hey, big man, we're in the middle of something here. yeah, it's called physical fitness. just a couple dozen more questions, lindsey. don't forget to pack your phone charger for tomorrow morning's flight. it's plugged in right over there. lindsey? quviviq helps you get more sleep. and when taken every night, sleep continued to improve over time. that's why i take quviviq nightly. quviviq works differently than medication you may have taken in the past. quviviq is thought to target one of the biological causes of insomnia: overactive wake signals. do not take quviviq if you have narcolepsy. don't drink alcohol while taking quviviq or drive or operate heavy machinery until you feel fully alert.

brian: jay, thanks so much. jay parry, thanks so much.an. brian: wish you guys could all be here, but you can't, so you're not. [laughter] rachel: it seems unfair being that i'm from there, my parents live there -- pete: you're going to lobby for the super bowl now? rachel: but they still go now. i i shouldn't do the super bowl -- pete: you don't watch football. brian: should we say that you don't like football, rachel? rachel: fair enough. i'll just do a diner. [laughter] pete: well done, brian. b+ but solid. brian: thank you. pete: all right. still ahead, we're going to find out who has the best arm in a football-passing competition. may the best friend win. ♪ ♪ [ marcia ] my dental health was not good. i had periodontal disease, and i just didn't feel well. but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants at clearchoice was going to afford her that permanent solution. [ marcia ] clearchoice dental implants gave me the ability to take on the world. i feel so much better, and i think that that is the

does this make jay powell's jobs more difficult? mike: it will depend on the ism services number, that's a wild number. new orders go up to 60.4 from 45.2. the other numbers come in really strong as well. except for prices, they continue to fall. 60 78 from 60 81. it doesn't make jay powell's job hard but it makes is communication in the sense that everyone will talk start landing in the fed, maybe not. we should point out that a three month rolling average of the annual average earnings of the year-by-year is a little bit stronger wage growth than we had seen. alix: that services number, the biggest advances 2020. new orders really coming in. let's make this part of our question of the day, too hot to handle? is this job market too hot to handle for the fed? they have to go even harder to get the job market down. i'm surprised the bond market wasn't more reactive. your thoughts on the bond move? ira: there were some seasonal factors that mucked up more than the head by suggest. the selloff in the 10-year gilts made sense. of the se

they get the super bowl, jay gray, we appreciate all you've doo done for us. light on the kids they've also got the waste management open, a huge golf tournament they talk about the buzz around phoenix, kevin durant got traded to the phoenix suns. this is a great time of year over there, and with spring training right around corner, man. >> can you tell where this guy is mentally right now? he is actually there in phoenix. but you'll be watching from home >> i sure will i'll be watching from home 28-27. the eagles to beat the chiefs, and do you remember your prediction i wrote yours down >> no. >> no. i had consulted my why do dermatologists worldwide recommend la roche-posay? effective skincare like la roche-posay double repair face moisturizer delivers double-action to help repair skin's barrier and provide 48-hour hydration for healthy-looking skin. la roche-posay. three nights, esg... the broker will take your bonds. -diversification, futures, options. fiduciary. leverage. [whispering] -frothy markets. psst. virtual real estate is a lock. ♪ cold hard cash

coaching him from the sidelines is his dad, jay curran. played football growing up in rock hill. some of the guys jay played with in high school went on to the nfl. >> derek rolls drafted by the cowboys, third round. that's me, 18. sophomore. younger guy to all of them. ben watson's up here, number 83. drafted in the first round by my favorite team, the new england patriots. so that's cool. a lot of memories in this room, man. make some more of them. one of those standout players.- top-ranked not only in south carolina but the entire country. >> i have six division-i offers to play college football. >> how old are you? >> 14 years of age. >> reporter: he started playing football at 4 years old. >> i want to be in the nfl, that's plan "a." plan "b" is not to mess up plan "b." nah, plan "b" is to finish college. >> jay, when did you know he was good? >> by the time he was 6, his first eight-touchdown season. by the time he was 9, touchdowns. >> in one season? >> in three games he had five touchdowns. one game he had five touchdowns in the fi

first we just heard from fed chair jay powell he says deflationary progress has begun.rst we'll break down his comments and the big market future >> in the meantime microsoft holding their big event focused on a.i ceo satya nadella says it's going to reshape everything in the software space it's already reshaping search for them he joins us in a few minutes to talk about this revolution and we have a great panel assembled to talk about both of these big events steve kovach along with oppenheimer analyst tim horan, kate rooney, herb greenberg and jennifer elias will be joining us to talk about microsoft >> and on the fed and the markets we have hear from bill lee and steven denicholo but before we get to them let's get to our own dom chu to see how the markets are reacting

jay, good morning. the human suffering here that's been unleash bid thed by this w just immense how are people doing on this one-year anniversary >> reporter: it's overwhelming, you're absolutely right. and they are still struggling to be quite frank this is the border crossing that is by far the busiest between ukraine and poland since the start of the war more than a million coming through these gates, many of them still unsure where their journey might end. it's cold, dark and places dirty. but for nearly a thousand ukrainian refugees, the cots scattered across this empty shopping mall are home everything they own in a suitcase or just a few boxes hundreds living here for the better part of the year. >> we are ready to house them as long as it will be necessary >> reporter: since the russian invasion 120,000 have passed through this shelter alone and dozens continue to show up every day, almost 10 million ukrainians have crossed the polish border since the war began, with tens of thousands continuing

i don't speak to jay powell.o me after some of the things i said but i think we got a half point coming but for me, and i said this for a few months, just watch the real market right now, the real yields. that is going to dictate policy. and again if we head through four, that is the cost of capital, cost of mortgage, cost to borrow, cost of everything, on top of the fact that inflation does remain elevated. look i go to publix twice a week. i do shopping. food prices are ridiculously high still. charles: right. gary, let me squeeze this in, not a lot of time, we talk a lot about china cozying up to russia. who cares what the motivation is. we know it is worrisome and yet you know, we look at china also as one of the economic straws that stirs the global economic drink drink let's face it. reopening would spark energy prices higher. that didn't happen. baidu one of biggest names was substantially higher $151 at the open. it is $136 now. is there something happening there economically we should be concerned about

. >> that is the jay r. 15, right, is that they are 15 it's a jay are 15. meaning the junior 15. and for a lot of my history in the gun community. you could walk into a gun store, or a gun show, a gun trade show, and know you can see exactly what every single gun category was about. there was a target guns, they were the hunting guns, they were the self-defense guns. but i don't quite know where you put these jay are 15th. and all of them off of the sort of paramilitary gear that we now. i don't quite know how to enumerate how crazy this is. but this is not where decent, responsible, freedom loving, patriotic americans are. this may be where the far fringe of the republican party is. but they are so far out of the mainstream and it is really tough to name right. >> the mainstream is that they are wearing pins and the american flag. after stealing an air 15. there is now a gun styled like ar-15 trunk down, marketed to kids. >> that is the jay r. 15, right, is that they are 15 it's a jay are 15. meaning the junior 15. and for a long time in the industry, and for a lot of my history

kenny, to you off the squat jay powell looked like a -- jay powell looked like a hawk to me. what does that look like for the sectors for us? >> i'm in the same cam as you and i don't know what he heard at all. i didn't hear anything that he heard at all and thinks it's the last rate increase. there's going to be two more like him and goes till may and then i think he pauses but look, they had all the journalists in the room trying to ask the same questions 11 different ways to see if he gave the same answer or if there was any change to the tone or the words and that's when you saw them all. look, edgar, it's over. >> i hear transport is up almost 4% today and yesterday's eci and employment cost index and going down and powell wants that to go down and one more quarter and there's an above average chance this was it and just look at how the bond markets, your job is to guess before and transports that strong and small caps that strong and that's the market telling us that we're in a bull market. i know it sounds crazy but october was the low and seeing that for awhile and ho

you saw what jay powell said yesterday.ally are >> okay. well, these things happen over and over again we're now in the 12th and a half cycle, these cycles, you know how the cycles work. you're 12 1/2 cycles since 1945, 1945 was the new world order, you know, new monetary system. and you know what happens. let me take you through it quickly. you get a funky economy, weakness, and so on, so what we had, of course in 2020, with thd and then also the move from the right to the left. distribution of wealth and so how did you do that government had to send out a bunch of checks. and the federal reserve, where did the government get the money from, the federal reserve lent it, we have an imbalance that poured a lot of money in the system you have the demand, the classic cycle, right stimulation, credit becomes dead and then inflation and tightened monetary policy and then where are we we're now in a classic spot where we have got a relatively high real interest rate, real interest rates went from minus 175 basis points to plus 17

in the red after the friday blowout jobs report investors are waiting for more hawkish comments from jay powell tomorrow. >>> one bank is not waiting. goldman sachs is out with a new note over the weekend that should make at least some of the bulls happy. >>> and breaking news. dell adds its name to the list of companies cutting jobs. >>> the search continues for debris after the u.s. shot down a chinese spy balloon over the weekend. what whinechina is saying over it calls an attack. >>> breaking down the wild week in tech. the dust is settling just a bit. it is monday, february 6th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan let's kick off the week with the stock futures. u.s. stock futures are mostly in the red. you see the dow down looking like it could open up 200 points lower. nasdaq down as well. this after a lower session for stocks on friday following the blowout jobs report and renewed concerns as the fed will look for more room to run to tamp down inflation the bond market now with the 10-year treasury benchm

chair jay powell, what will he say. the questioning they are saying exactly what they want to say. it will be very intentional. this chart suggests it will be steady as she goes. everything to do with the hot jobs report and the action for the two year yield backing up 30 basis points over the last three days. that big backup really pressuring stocks. this is a minor dent on the year. this is incredible. we are not even two months in. we have the s&p 500 up. we have the nasdaq technology doing better. the stocks up 20% and then take a look at even the dow transport. lots of different sectors participating. looking at the 10 year yield it's actually up -- down on the yearas for another stock that's hi it is bed, bath & beyond. the mass mood -- the massive move up. down 48%. it's hard to understand with so much going on in terms of one analyst saying it has a price target of zero. have you ever heard of a zero dollar price target. i have not in my entire career. guy: we've done the bed and the bath, we are definitely beyo

as that what jay powell is signaling? it is all about the press conference and that is what -- will determine how investors react. david, as you know, markets can just go right past, if you want to buy stocks because you have money and your pocket and you want to be ahead of the curve, you could get excuses out of the presser tomorrow. that maybe the challenge for jay powell is to deliver the message that says, we are closer to the end but the end of we're hiking rates does not mean the beginning of cutting them. it means staying tighten seeing what happens. david: i think vince reinhardt talked about they might stay until 2024. we might see the season four or emily in paris by then. kathleen hays, are global economics and policy editor. or imagine if jay powell calls in sick? rishaad: imagine if he joins the show. david: we are looking at a couple of things on the story. the short seller report, bonds are rallying in the dollar bond market. they managed to get this massive share sale, they got it out of the way amid all

jay powell speaks exclusively later tuesday with david rubenstein.s prepaid $1.1 billion worth of borrowings backed by stock. the says nearly payment will help release 12 million shares in adani transmission. donnie is seeking to restore confidence after a short seller attack wiped out $118 billion in market value and the flagship to scrap a share sale. india's parliament is in for a third day as the opposition looks to highlight links between narendra modi and go to madani. the life insurance corporation and state bank of india to spotlight the risks to millions of small investors. adani has often aligned's business plans with the prime minister's growth strategy. the south china morning post says central bankers from around the world will attend meetings in hong kong next month. the government says conferences will be hosted by the hong kong monetary authority. dates are not confirmed. the paper says it is the first major financial conference for hong kong since its post-covid reopening. global news powered by more than 2700 journalists and analyst

we'll be focused on jay powell at 12:30 in the afternoon today.orning, everyone.

does the fed, does jay powell jeweled that a week -- jolt that awake?t's take a look at into the fomc meeting. 25 basis points is the consensus that we expect the tonality as to whether jay powell goes full dove. valerie tight tell has been beavering away on these charts. good morning. >> good morning. the key thing to watch is in the second paragraph of the opening statement, this line about ongoing increases in the target rate to be appropriate. most of you this statement from the december meeting -- most view this statement from december meeting as stale. how does this statement evolve? it's going to be likely something that probably acknowledges that the fed funds rate is closer to the peak rate without giving us any guide just where the peak rate is. because the recent data may not yet suggest a revision meaningfully to those december dots that we got. dani: let's talk about the potential surprises, valerie. which way is the street leaning, a hawkish or dovish surprise? >> i think the street is a bit mixed when he comes to this. the way he can surp

mike: it's an overreaction, people will react to whatever jay powell says. the ecb is expecting that inflation will not go down in a regular fashion. if we see oil and gasoline prices rise we will see impacts on inflation just from that. they will not declare victory yet but they can't deny that things have gotten better and markets do not do nuance well. alix: that might be the quote of the day. the quote of the day. we appreciate that mike mckee. this is our question, we have ecb in the fed raising rates. we just heard from christine lagarde, let's hear what she had to say. >> the governing council will stay the course and raising interest rates significantly, at a steady pace and in keeping them at levels that are sufficiently restricted to ensure a timely return of inflation to ourinflation to ou. alix: that takes us to the question of the day, did markets get the right message from central banks? joining us now to discuss is bruna skarica morgan stanley from the u.k. economist. it is easy to see the move in the bond market and say the market has got thi

gray is joining us now on the border of ukraine good morning, jay. >> reporter: frank, good morning to you we are at the border crossing at medyka the busiest crossing here between ukraine and poland more than 1 million refugees through the gates. now a year later and many still uncertain where their journey will end it is cold and dark and places dirty. for 1,000 refugees, the cots across the empty shopping mall are home everything they own in a suitcase hundreds living here for the better part of a year. >> we are ready to help them as long as it will be necessary >> reporter: since the russian invasion, 120,000 have passed through this shelter alone and dozens continue to show up every day. almost 10 million ukrainians have crossed the polish border there's evidence of that influx most everywhere you look in warsaw right now, around 150,000 ukrainians are in the capital city that number does fluctuate and has been as high as 300,000 in the last year. >> in times of crisis, people can come together. >> reporter: warsaw's mayor is proud of the city's response >> we granted ukrainia

this is jay powell, joe biden. jay powell, firm hand on the tiller, steady as she goes, raising rates, looking the market in the eye. he has been the dirty harry of fed chairman. when you have a 50 plus-year low in unemployment, you've got problems. you have got to continue to address the issue. raising rates will not put more nurses in hospitals. it will not create more teachers, more truck drivers. we have the issue to deal with. it's a challenge for jay powell. look even more so, we know that recognizing there is a lot of political issues here, the fed has done incredible job staying in their lane. they will do that today. jay powell will focus on inflation. he has his plate full dealing with inflation and this economy, not derailing things. neil: you could flip it around, gentlemen, and david, i will throw this back to you, he achieved the soft landing looks like more than he has than last week at this time before we had the employment report for january, what do you think? >> yeah, i think the market believes

let's start with the federal reserve and jay powell raising rates by .25%. that is the fed's eighth rate hike cycle of the cycle. it takes it to the highest level since 2007 powell did little to signal this would be the end of the hikes, but he used a new word disinflation >> we see inflation coming down for the reasons we thought we understand why housing inflation would come down. a story will emerge on the non-housing services sector soon enough there is ongoing disinflation and we don't yet see weakening in the labor market. we have to see >> now disinflation is a fancy word in the slowing of inflation. inflation still going up, but at a slower pace. the fed is just the first in a trifecta of rate they signi -- rate decisions this week. this morning, we get the decision from the bank of england and european central bank we have full team coverage of both this morning. joumanna bercetche is standing by outside the bank of england and annette weisbach in the central bank in germany. we have expectations from the uk with joumanna. >> reporter: the bank of e

will continue to stand by ukraine as long as it takes jay gray joins us now from poland jay, good morning. what else can we expect from these world leaders today? >> reporter: yeah, and you're absolutely right, phillip. it has been a trip where he has reconfirmed the commitment by the u.s. to do whatever is necessary to support ukraine he will, in his visit, meeting with the bucharest nine, leaders from the eastern flank of the nato alliance, those on the ground and closest to ukraine. he'll discuss the situation there, obviously, including new sanctions on russia that will be announced later this week by the u.s. and by allies the presidentduring his addres yesterday at the royal castle in warsaw stressing the u.s. and allies are committed and united in their support of ukraine. >> one year into this war, putin no longer doubts the strength of our coalition. but he still doubts our conviction he doubts our staying power. he doubts our continued support for ukraine. he doubts whether nato can remain unified but there should be no doubt our support for ukraine will not waver. nato will not

[ laughter ] >> reporter: thank you, guys. >> thanks, jay. >> second career there, jay.ull a hammy. >>> when it comes to super bowl, the bling is actually really the thing itself. >> how about a deeper dive on the value of the super bowl ring. online casino looked at the components of the most expensive super bowl rings ever made, and we're talking about diamonds by the hundreds, but topping the list would be tampa's ring from two seasons ago. the last one won by tom brady. estimated value before labor, a little under $40,000. >> look at the diamonds. little football. >> you could sell the ring and rent the airbnb for one day. >> i just put up a poll on twitter. who are you rooting for, kansas city or philly? >> i'm going for rihanna. >> rihanna for the win. >> i heard that she has revised her playlist like 39 times already. she's got to get it right. >> the weather will be perfect there. >> i bet the dancers are, like, come on, make up your mind. >> five, six, seven -- >> we're watching for it all. we're ready for the weekend. >>> the weather does get cooler. not the pe

face it, jay powell not doing enough to jawbone this market lower. most part, wall street positions in the sectors trailing big time. that is not the case with my next guest. carson group chief strategist ryan detreich. ryan, everyone saying the high beta leadership is a sign it is a false rally, it is doomed. i have got one of your charts says so far so good. why are they wrong? >> charles, thanks for having me back. keep it simple. year ago, utilities health care, staples leading. this is complete 108. the defensive stuff is not leading. more aggressive is leading. short-covering rally, short-covering rally. every major bottom that is how they all start. get momentum in other sectors participate. to me high beta leadership is different from last year. that is a good thing. stocks will keep doing pretty well in 2023. charles: much to the chagrin of all the experts, 98% of all the experts. get your take on the controversy so to speak immaculate disinflation? is it fantasy, is it possible? >> look at the data. private data on rents, used cars coming d

charles: to jay powell presser he seem more optimistic i think jay powell told the world he thinks he landing going to hear from him next week i could the wait the big market mover next week a, couple great points were made, someone talked about the wages, you know this kind of demand, this kind of job growth you would have thought maybe, maybe there would have been more wage pressure. pt or maybe there is a you know maybe enough people offside lines on participation side they met in the middle what is wage number jay powell can live with obviously, wants participation higher wants to see people come in want to see facing go down, and of, the other part to this, i watch the market for the just sort of a tell, i am not sure why not falling apart combine this narrative good news is supposed to be bad news, all earnings reports we have from big juggernauts last night compelling store that, you know, you sit back you don't want to make real assumptions an investor based on headlines enthough headlines tell you one thing right now action telling you something completely different. maria: w

>> grateful for you, jay, for bringing that story. thank you. >>> she certainly was one of the lucky once, too. we are getting our closest look yet at that chinese spy balloon shot down earlier this month this photo here taken from au2 spy plane. the spy balloon flew across the country before it was shot down off the east coast and later recovered by the military. >> for more on the massive winter storm we've been talking about, let's bring back angie lassman many where are you watching this morning? >> we're going to switch coasts and move to the west coast where the next system will work onshore. here's winter alerts that are already up a pretty rare bright purple is what you see there it's the blizzard warning that has been put in effect outside los angeles. haven't seen something like that in about 30 years. here' here's why. lower snow levels, about 2,000 feet are expected just outside r atlanta, we'll see if we can break records in places like orlando with a high of 90 degrees the and we've got those two storm systems we're watc