coming up, an exclusive interview with cleveland fed president and fomc voting member loretta mester. cigna's shares hitting an all-time high as they expand health coverage insurance for weight loss drugs. we'll speak with the ceo live. "the exchange" is back after this. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) (vo) what does it mean to be rich? get iphone 15 pro on us. maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. yo

before the senate banking committee as well as a pair of speeches from mic michelle bowman and loretta mesterts from powell and company are likely today with the futures solidly in the green now. the dow would open up 30 points higher. the nasdaq is pushing higher from all three. joining me on the cnbc news line is the managing partner bryn talkington. >> good morning, frank. >> what did you think about what jay powell said yesterday and the market reaction? we have seen futures go from mixed to higher. >> i think the few good comments that chairman powell is able to get for some of the silly questions that congress members are asking is chairman powell clearly said we don't have to be at 2% before we cut rates. we just need to be in that glide path. that was his exact words. i think that gave a lot of confidence to the market that we will not have to wait until 2%, but if we have this type of data, we will get rate cuts. you don't want the fed to wait too late to cut. you want a cut before another nycb happening in the market. >> you believe since the rate cuts are coming and that is giving

more speakers with loretta mester set to speak.on't miss the ecb decision and the conference from the governor christine lagarde at 2:00 p.m. cet. i'm arabile gumede. thank you for joining us on "street signs." "worldwide exchange" is up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. hi, i'm ben and i've lost 60 pounds on golo. (guitar music) i've struggled with weight my whole life. i'm sure you're like me and you've tried diet after diet. if you want to stop the insanity, try golo. what is cirkul? cirkul is the fuel you ne

we heard from jay powell and loretta mester of the cleveland fed's and she also wants to see a coupleore data points, more evidence of inflation cooling further. the question is timing. when will we see the fed move? into --enda: we had a signal from chair powell today saying you need to be very confident inflation is heading back towards target. then is he thinks that is not far away now. what constitutes not far off course will be the great game over the next few weeks but it suggests something like 20 months. it is worth noting at the hearing today, mr. powell was really getting it in the neck from lawmakers at both sides of the aisle about the impact of high prices among their constituents. we are talking about the rate of inflation. we all know that that has been slowing down. there were talking about the level of prices compared to a few years ago. it is a very hot political issue. it was in that context, under the grilling from the lawmakers that mr. powell seemed to be conscious of acknowledging that pain and made the point he does not want to push the economy to recession or

sell side analysts, policymakers, we heard loretta mester talk about that that she is thinking abouter long-term dot. that is because we are grappling with how the economy evolves post-pandemic. i think there is a difference between the u.s. and the rest of the world and i come back to that notion of productivity growth. it does suggest the neutral rate is higher in the u.s. than it would be elsewhere if productivity growth is that much stronger. jonathan: what everyone would love in foreign-exchange, the big fat directional trait and central-bank divergence. where can we find that playing it up against japan or something else? is it japan versus europe? how do i play that trait? elsa: i am surprised more people have not jumped onto the japan bandwagon. sell side in lists are always looking for dollar-yen to trade lower. the reaction has been relatively muted as we get closer and closer to the first boj hike. there is a potential for a bit more pullback in dollar-yen because the market is more heavily positioned. my core view has not changed and that unless you are seeing the fed cut