ahead of that, jeffrey lacker said inflation in the u.s. brings stocks doubt but he's not expecting acceleration in the u.s. economy saying i've come to the conclusion that a sustained acceleration of growth to over 3% in the near future is unlikely. he cites subdued productively gains for that view. that is what is keeping the ten-year rate in the u.s. down, a lack of productivity growth. but now we're joined by new york from george ahead of u.s. rate strategy at nomura securities. george, we're seeing a bit of a son sole addition in the markets right now in part over the timing of fed rate rises. you think this provides the perfect opportunity for them to paint a new narrative. the question is will they or will the markets push them to? >> this quarter definitely starts the kind of discussion, the narrative building process for the fed for -- so they prepare markets for some time next year. keep in mind, we've had in these extraordinary easing type of world for over five years and it's going to take time for the fed and people to get on b

richmond fed president jeffrey lacker speaking about the economy at 11:00 p.m. eastern. at 3 p.m., we get may consumer figures. after the close, we get number from bob evans and the container store. >>> the senate banking committee holds a hearing into the role of high frequency trading case in the market. quite a few things going on today. we're now joined by michael perse, the chief global strategist at eden. talk to me about what you see going on in the markets. you're saying the s&p in particular looks overbought on the daily and weekly charts, but on a monthly basis it's probably different. so what's your day? >> well, i would just first comment that this little bit of giveback we saw yesterday and this morning and the futures, it's a function of the short-term overbroad signals that we were seeing carrying through to the shorter week last week. so i think this part of -- this little giveback we're seeing right now is somewhat inevitable. but i think the broader question about the longer term, something you kind of referenced with the mrol charts is that it's any vi

rich manned fed president jeffrey lacker expected to give a speech on the economy. and one of the times earnings season is almost upon us once again. expected to roll out results after the closing bell today. that's today's squawk planner. joe, back to you. >> thanks, michelle. coming up, a popular bakery chain crumbles. plus, are you impressed? they invest. restaurant start-up premiers tonight. he will give us a taste of what we can expect, coming up at 10:00 a.m. eastern time. imple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are