year or two >> nice gain today we'll watch it up for the rest of the session >> let's bring in jordan jackson and alecia semis down 7 1/2%. cloud down 9 nasdaq down 4.5% they done? >> it's not done yet the last time we were on together, watching the ten-year sitting over 4% is going to cause problems in the duration names. i think you have consolidation this is not a teetering market this is a place you can add. we don't like to time the market it never works there's more upside as we come into seasonally weak august and september. and tech, it led the markets the first half of the year, if we're going to move higher by the end of the year, tech has to be participating in that. >> there's a note on that today. we'll get back to the conversation in a minute we're getting new news on u.s. steel. which has been making some mna news today pippa stevens with the update for us what do we know now? >> it's offered an all-cash offer for u.s. steel shares. it would be $35 per share all-cash the company rejected the cleveland cliff offer. over the weekend, u.s. steel said when rejecting that offer from

jordan jackson joins us now. a pleasure to have you on the show this morning.question to you, is good news bad news? is this all a positive thing or should we be sleeping with one eye open? >> i think good news maybe isn't as bad news. we look at the inflation numbers and you really don't want to look at the year over in inflation. the base effects were instrumental but now we will be an environment where the base effects will work against you over the next couple of prince so the year-over-year inflation numbers, look over the month over the month rate and if you look at core cpi, over the last two prints, it's running sub 2%. we see signs that the inflation momentum and disinflation trend is still in effect. what's interesting is when you look at the repricing of fed expectations, we see markets are pushing out rate cuts and not necessarily pulling forward rate hikes. we are in this environment of the one year sofa rate is higher by more than 100 basis points. we are pushing out the notion of rate cuts and the fed has done enough. maybe there is a higher risk

we've got joker jordan from hartsfield jackson, atlanta international, and zeta from minneapolis, saint so in summation, we've got joker jordan and then dina zeta and zeta, who's been your favorite now that you've seen all four? oh my goodness. >> this is tough. be a four way tie. yes, i check. >> unfortunately not. can i abstain from voting? >> come on. this is a tough job. >> okay? >> we have hard opinions on this show. who do you go with? >> with zeta? >> zeta is andrew's pick. morgan zeta. zeta dina or joker? >> i also forgot who i like. >> joker jordan because of the name. >> like i'm big on alliteration. >> great tongue, zeta, great. ten out of ten for tongue. >> and the winner is let's see, of the four of them, it was dina. >> i should have stuck with my original answer. >> you shouldn't second guess yourself, buddy. to be honest, i thought this was zeta. >> that's. i'm confused with the name. there are a lot of four letter names there, but it was a tell them what they won. >> well, dina, a three year old german short haired pointer who works in explosives detection. so you forge

in the six bases loaded for shea lang clears and he connects a solid single to left off luke jackson, jordan diaz, brant rooker come around to score seven six a's. they tack on another and win 8 to 6 to sweep the mini two game bay bridge series. the sharks, meantime, made a huge off season move today as they look to the future defenseman eric carlson is headed to pittsburgh as part of a three team trade and return for the reigning defensive player of the year. san jose gets pittsburgh's first round picks next year along with forward michael granlund and defense and john ruta. so sharks making a little noise. all right , jason, thank you. and thanks er ody for jo penny, hello. hey, sheldon. what is shaking? i'm sorry? it's colloquial, a conversation opener. so, do you find the weather satisfying? are you currently sharing in the triumph of some local sports team? what's wrong with you? you're freaking me out. i'm striking up a casual conversation with you. s'up? please don't do that. all right, but i'm given to understand

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jackson hole. it is a confused picture. jonathan: all of that coming up. there is the price action on the s&p 500. equity futures are positive. the fx market, negative. jordan already publishing saying this could open the door to your form of focused on the sterling to get down to 122. tom: dxy, the major currency blended pair goes up to recent highs. round that up to 1.04. the bloomberg dollar index, not so much. this is a big currency move. jonathan: the 10 year, 4.26. lisa: they are buying on the margins but how long can they keep buying? the u.s. is auctioning off $16 billion of u.s. bonds. tom, i know you shrug off these options. this time come incredibly important to gauge international and domestic demand for longer dated securities. especially with the selloff we have seen with yields going back then more than a decade. can they meet the expectations that are very high. we are talking about a 200% again this year. and lesbian is the first fish first for public and perry debate. there are eight candidates. i'm curious to see ron desantis in front. the pressure is on him to regain his spot number two. i am curious about the others, in particular, tim