behind him the native winds will fly, the beloved city will smile at a friend, mesters, comrade, sendlieutenant, they are flying away, comrade senior lieutenant. this is me , nikkadim, bodri. mlinot jammed his mother, was ist evan, munition, alle. well done, dear, beauty! we are losing fuel and are about to land. achtung, fliegeralarm, abfangjäger, alarm, fliegeralarm, schnell, jäger! shata, the long-distance bomb is stuck, but let ’s try to sit down like this. hold on shota , okay guys, i'll tell you how... come on, it 's time, i had a fight with my boyfriend, and he went to fight, i really want to see him, a student at moscow state university, faculty of engineering, minor, industrialist, we are working. everyone has a little fear, you don’t understand that he’s getting into the thick of things, just a few days, he’s already a hero twice, he’s a civilian at school, there are five children, stop the fire, they want to break out of mariupol and cover the passage of their marines, guys, you are russian, russians don’t abandon their own, yes 20:22 premiere, today tomorrow, after the pro

moving to fed speak, the comments from loretta mester earlier this hour. abigail doolittle has the details. abigail: she did comment on the timing of rates and seem to reiterate what jay powell has said recently in terms of the idea that 2024 will likely be the year when the fed starts cutting, but it will be later rather than sooner. she said "if the economy evolves as expected i think we will gain the confidence later in the year and then we can begin moving rates down." she cautioned about doing it too early. they really want to see inflation around 2% on a sustained path. what does that do for the bats for march and may? they are already higher. what we are looking at in white is the potential cuts in march. earlier this year and late last year it had been 100% chance we would see a cut -- an 80% chance. now it is closer to 821% chance. for may it had been 100% chance. now it is 61%. minutes ago it had been 58%. some may think her comments were not enough to take the odds of. in any case the probability of cuts in the first half of the year are lesseni

we do have breaking headlines now from cleveland fed president loretta mester, who is speaking now, and says the following. labor market strength, strong spending data allow the fed to hold rates at current levels. she's a voting member, too. keep that in mind. if the economy evolves as expected, quote rates later this year would be too soon but holding too long could be a risk to the employment mandate. we look at the ten-year not moving much, on message. there's the two year. that's the latest commentary in what is a busy week for fed speak following the fed chair sunday night. now to our top story, josh brown. >> i am? >> he has trimmed 20%, i know you're still bullish, obviously -- >> i am. >> take me through this thought process when the conversation is about this too narrow market, and names like nvidia was off to the races. tell me about this move. >> i mean, we're not even really talking about this, but after doubling last year, more than doubling, the stock wendt up 40% year to date and i looked at that upgrade yesterday and there was absolutely nothing new in there. it was alm

moves forward as expected but declined to give a timeline mester said she's content where monetary policy stands and says it allows officials to gather more evidence as to whether the decline and inflation is sustainable. they're a voting member this year. >>> mixed bag after moderate gains yesterday. s&p basically seen around the flat line. dow slightly more positive and then the nasdaq down about one point as well. the billionaire investser believed investors have been too optimistic about the number of rate cuts coming from the fed this year, telling cnbc he expects two or three, also weighing on the current dynamics. >> if you look at market cycles and say what's your bear market, they're declining, with a decline average around 25% and last for better than aor yoo by that definition, 93% of the stocks have been through a bear market. >>> let's bring in our next guest. it's wonderful to have you i think a good place to start is the commentary we've gotten out of speakers in the last few days i would say just listening to what powell has said over the last couple of months, i get the s

mester, who is a voting member, intimated the door to interest rate cuts is not open right now because if the possibility still exists that inflation could hang around longer than anyone if hoped. ergo, the door is shut for the moment she did say, quote, the fed can lower rates later this year if the economy performs as preponderated -- expected. we all know that's a big if. so the 2-year yield, which had been as high as 4.479% but had already started to wobble intraday, turned tail upon the release of her communities and now is at 4.40%. so these bond yields are coming down at the moment. the 2-year down 6.6 basis points. but again, looked at the s&p because you will see how it has hugged that flatline, back and forth. the s&p in its own way is sending a message, the broader markets are not going to rally on that tiny ray of hope mester allowed through the crack of that currently-closed door of when are we going to have the rate cuts. let's check the nasdaq because while the point loss isn't the worst of the session, right now down 15, had been down about a 82 points, there might be a

wrong with you, promise me that you will return, give me your word, here they are, i see a column, mester, he is somewhere in this area. in this life there is a price, a second chance, a second life, my goal was to live, to fight, my husband is a pilot, and a pilot must fly. pilot, tomorrow on the first day, bets are no longer accepted , he’ll take it with him, why do you need him, in a week it’s slaughter to fight with two shepherd dogs, you really have glaucoma, you need to operate urgently, man, who do you work there, sapper? build a bomb for us, cure your wife, we need to buy this, and destroy this, and if i refuse, i’ll feed you from your own dog, the plant turned out to be unique, there are billions buried here, i’m in the body, move away, come on wolf, let me buy it from you , doomed, premiere serial film, on sunday on the first, should have. i don’t want to lose him because of this crap , my brother was wounded yesterday, i’d rather not turn him in to the police right away, he doesn’t look at his appearance, yeah, when a person stretches 40 times, he can shit himself, our friend v

backs up, and releases clouds of steam in which the locomotive is hiding, imitates being hit, the mestersuietly, quietly, without turning on the lights, crawls on, i saw his photo , amazingly beautiful man, we will not defeat this people, yes, yes, yes, yes, well, thank you very much, andrei valevich, for this conversation, it was a podcast about the life of the wonderful, with you... alexey varlamov, writer, rector of the literary institute. we talked about the heroes of the great patriotic war , about modern writers who write about the war. i saw two here the other day. i can name many names who were called the forerunners of peter the great, although in fact, of course, some, some, but they are incomparable, not one of them with peter in the grandeur of the reforms, in the persistence of these reforms and in results, in general, because yes , ivan the terrible was , about the reform of the army, because during the campaigns to the south he suffered a big, major failure, especially since he wanted to reform the army, well, in general, all of them, of course, only partially , vasily koly

talk to him yourself , you, he will listen, where it is visible, so that the general of the fritz mesterlking to a sub-breed, why are you standing , they won’t let you in, well, break it, i obey, yes, it’s not great, they say, they say not great. get out, what the hell, your sitting here is shooting, so what, what’s shooting, what’s strange, it’s just that the second lieutenant is sick, there’s something behind his head. well, you're healthy, second lieutenant, the horse is easier for you, what's going on here? ekaterina alekseevna, second lieutenant potemkin on your orders arrived. what do you allow yourself, grigory grigorievich, immediately untie the sub-breed. well, mother, you won’t please me, how can i drag him if he doesn’t want to go. grisha, i'm sorry, grisha, it's my own fault. well, dear sir, how do you explain your refusal to appear at my request? i am sick, but you are cheerfully standing on your feet. turn around, he orders you to empress. and what do the doctors say? damage to the eyeball and eyelid; the eye survived, but will never see. my ugliness insults your beauty, fa

wrong with you, promise me that you’ll come back, give me your word, here they are, i see a column, mesteras a price, a second chance, a second life, my goal was to live to fight, my husband is a pilot. and a pilot must fly, pilot, 23 february , on the first, he was a real star, they fought for him, and he had... he had the most important opportunity to choose, well , he turns out to be very charming, kind, i say, what do you want me to take the child by the legs and beat his head against the wall, the film is not about that, after that many compatriots they found out in a completely different way what kind of enemy it was, my mother, by the way, told the beginning of the scene with the hatch, at the beginning there was a light hatch, a fake one, she... the detachment of major general kara, sent to help orenburg, was surrounded and defeated. governor reinsdorps reports that for 2 months now orenburg has been besieged by a crowd of robbers, causing terrible devastation. the bashkirs went over to the side of the rebels, the soldiers did not want to fight, 18 fortresses fell. how could it eve

charles re, to, i'm afraid i wish i could say something out of this, but i'm afraid the fact that the mester geishas, i'll see a ready to be continued by a, as in charlie, how so are these, these doesn't mean that they really have any series to saw to find diamond hole. and so i'm afraid i'm skeptical not being skeptical or no. i didn't see the e who was so we'll see you investigated. the job is it's a sort of embarrassment for windows made the job and say thank you. all parties have noon for a long time, either via text and they just just do want to review the, the international atomic energy agency delegation headed by director general rafael grossey has visited the separation of nuclear plants under russian military protection. are these eager stand off reports of the war and ukraine brought the issue of nuclear safety back into europe. spot lies in the very 1st days of the military operation. russia established control over these up the roads. you atomic power plant. since then, the facility became the target over regular shillings gifted as the crowds are, the key of regime continues pr

charles charles, 32, i'm afraid i wish i could say something else, but i'm afraid the fact that the mester geishas, i'll see you are ready to be continued by the day is in charge of house. are these, these doesn't mean that they really have any serious bizarre to find out more. and so i'm afraid i'm skeptical not being skeptical or no, i didn't see the e who was so we'll see you investigated the job. it's a sort of embarrassment for windows made the job and say thank you all parties at noon for a long time who's behind the tax, and they just just do want to review the director general raphael grossey has led a delegation from the international atomic energy agency on a visit to this upper rose a nuclear plant under russian military protection, he has reported positively on combined efforts to ensure the safety and the security of the nuclear facility. moscow has accused to have of a deliberately targeting the planned throughout the complex are to use. it goes down off reports of the war in ukraine brought the issue of nuclear safety back into europe. spot life in the very 1st days of the m

on the outlook for rates, but certainly adds to what we heard from cleveland fed president loretta mester overnight saying policymakers will probably become more confident in cutting interest rates later this year if the economy continues to evolve as expected. on the demand side, we had a pretty good recession -- reception for this week's trade in bond options. that set the mood. let's get to our next guest who sees asian markets as reasonably attractive, being led by china. great to have you with us. this is a bit of a refreshing view. in what ways are you constructive or feeling a bit bolder on china over just about everyone else we have spoken to? >> if you look at things from a fundamental, free cash flow generating perspective, yes, based on our fair value estimates, china is pretty much discounted. i actually do think the market does understand that, but the concerns, generally, are on the scale front and racketeering front. the way we would play china, obviously trying to limit those risks as much as possible. >> in particular, you talk about some names for china being selectively

here is what the fed bank of cleveland president loretta mester had to say. >> it would be a mistakeo move rates down too soon or too quickly without sufficient evidence that inflation was on a sustainable path back to 2%. i think we will gain the confidence later this year, then we can begin moving rates down. annabelle: let's get more on that with our first guest, adrianne yamaki founder and financial advisor as strategic wealth capital. thank you so much for joining us this morning. you heard of the continued flashback we are getting from fed officials even as we continue to see assets like stocks, for instance, trading on the expectation of cuts. how much disappointment are we setting up for here? adrianne: it makes a lot of sense, if you think about the last couple of years, how quickly rates came up, it's very sensible that they are being very question us. interest -- they are still thinking they will keep it at 5.5% in march. it is very unlikely that we will have a cut. the fmc is thinking 2% for inflation, it is about 3.4%. i think it's right that there will be cautious. the

mester and kashkari. the ten-year yield at 4.15. it moved up 20 basis points in february alone. we are looking at the oil market this morning coming off the first winning session in the last four. this morning, looking at the action in the oil market. we are jumping ahead here. oil is flat. we >>> we want to move on. we have a busy morning overseas with jp ong in singapore. a big day for chinese equity. >> reporter: good morning, frank. it was a huge day for chinese stocks whether in shanghai or hong kong. a picture tells a thousand words. the chart will tell you two things. you saw the indices hit the lowest levels in five years. at the tail end of chart, you see the pick up of the csi 300 jump and the hang seng and hong kong ending the day on the highs as they are stepping up efforts to shore up the equity namarket in china. why does this have more impact on markets in china over what happened yesterday? if you are a basketball fan, it is akin to a full-court press. regulators are stepping up short selling and trying to stabilize the markets. you had a report by bloomberg that

you will return, give me your word, here they are, i see. there is a price for life, a column, a mesternd is a doctor, and the pilot must fly, the pilot on february 23, on the first. it became more difficult because my friend died , there is such a person, he forced me to take something out of my world, but i just had to carry the easter cross, i almost fell, it’s heavy, wooden, a huge cross, so i’m waiting for someone something to do, because i might fall, and there’s a crowd of people behind me. it’s coming and i, in general, somehow went to the sixty-fifth anniversary of the birth of alexei balabanov, the premiere on february 25 at the first one is invited to ksenia senitsina, moscow. we will watch the performance of the three leaders in within the framework of the grand prix final, which takes place at the spartakiad of the strongest athletes of russia in magnitogorsk, in women's single skating, this. siempre que te pregunto que cuando, cómo, dónde, tú siempre me respondes, quizás, quizás, quizás, así pasan los días y yo desesperando. y tú, tú contestando, quisents, quisens, quizás

wrong with you, promise me that you will return, give me your word, here they are, i see a column, a mesters life has a price, a second chance, a second life, my goal was to live to fight, my husband is a pilot. and the pilot must fly, the pilot on february 23, on the first, on defender of the fatherland day on the first. shura, belobrov you arrived, 3 months, and sasha , wounds, concussion, from the propeller, the train is leaving, the third call, bam-bam-bam, the germans have an alarm under this coast, the second is ours, commander, the torpedo splashed down, the torpedo went, and what is their car, how do i know nastya, woman, you can’t believe it, but now you see how it turned out, the semophore is open, oh... my friend, he is my friend, and he loves you, according to intelligence information , an enemy submarine was discovered in the fifth square, belobrova’s flight will go first, commander, the left shaft is broken, a little more, even more to the right, sorry about what actually happened, shuroch, everyone to the bottom, everyone to the bottom, attack, attack, torpedo bombers februar

mester is on his tail! here they are! no fucking way!h, i am first, we are going home, on defender of the fatherland day on the first, from the heroes of bygone times. sometimes there are no names left, here is my family, the rest is everything, high, high above the ground is blue, white katsy, i am a fragrant threat, how young we are. were then my only thanks for being in the world, the concert for vasily lonovoy’s ninetieth birthday in the kremlin, the premiere, today on the first, officers, officers! steller group product, stirсman bourbon, product of stellar group. whiskey mancacher is a product of the stellar group. if your little sister or brother cries, don’t calm him down with words , it’s better to hug him silently, my castle rings and says that nikolai, we received a letter from one of the fathers who writes that you know, our girl also studied in this class, and we we understand that she is not suitable for you, but maybe you will give her a chance so that she can at least live in a peaceful life. august 30, we are counting ch

you heard loretta mester indicate they don't have to cut at the quarterly meetings in order to get the a 10% chance of a 50-point cut in may you're saying there might be a big cut in may i want to move on to the picks for us you're looking at cybersecurity, but you're focused on valuation in the cybersecurity space. >> to me cybersecurity is one of those places tucked underneath the tech sector where even if we do get a selloff, which is kind of our knee jerk reaction any time a conversation comes up and we don't like the way it's going. cybersecurity to me is where the spending is going to continue to happen but rather than just piling into crowdstrike once again, palo alto once again, i think there's an opportunity to suck up some of the mid-level cybersecurity names that fall underneath those that are probably going to be really good acquisition targets as a worst-case scenario but also a lot of room to run because they're using ai to help enhance their offerings against ai-powered threats and phishing and social engineering and anything else they're capable of doing. >> your picks

mester is a big one and a voter and tends to lean hawkish. where you see the march higher in yields and give back in equity gains. got a little enthusiastic about cuts this year. >> meanwhile, street still trying to get their arms around the "60 minutes" appearance. goolsbee yesterday was asked about a 50 basis point cut and wouldn't comment. the fact that that is the conversation, people going back to the transcript and looking at that comment was in track, the reporter narration, not a sound bite from powell, to the point yesterday, added confusion. >> where scott pelley said they're probably going to cut around the middle of the year and 25 basis points or 50. but that wasn't from the sound of powell. it's hard to know. >> some producer writing that in who doesn't even know what the heck a basis point is. sorry. >> there's a lot a lot riding on every word. goldman reacting to the story well, don't know what powell said in the room -- >> "60 minutes" eight, nine years ago, getting everybody out of municipal bonds. remember that story. worke

in terms of what to watch out for we've got central bank speakers including the fed's loreta mester andh earnings season now. in terms of what to watch out for today eli lilly, chipotly and chili are reporting. >> there's a move to nova nordisk to increase supply. >> the parent company of nova nordisk have said they will be buying manufacturing subcontractor from $16.5 billion. now it sounds like a hefty price tag, but novo said the deal will be essential to meeting soaring demand for that weight loss drug, wegovy. the acquisition means they can expand production across three manufacturing sites. you may recall last year they diflag supply bottlenecks. when it comes to the production of wegovy, they actually had to restrict access to some u.s. patients. this deal allayed somebody of the concerns and welcome to the analyst community who are hoping they can actually start ramping up supply in a meaningful fashion now. >> lastly, the 66th annual grammy awards notched an impressive 66 million viewers last night. we can give taylor swift plenty of the credit, but this has also been a trend w

rate cut numbers, cleveland federal reserve president loretta mester speaking on a competing networkts this year feels about a right to me. well, rick reider said he's still on for may, possibly pushed out to june. we shall see. former president donald trump expected to actually speak at any moment now on the hot button issue of immigration as he visits eagle pass, texas. he's behind closed doors right now, but our cameras are there. we have a reporter there. we will take you there live. and as you see, he is greeting some members of the border patrol and texas governor greg abbott. marathon digital sliding at this hour after gaining triple digits over the past year, up more than 350%. the ceo is here joining us to talk next about what's behind at least the blip today and if how the impending bitcoin halving, yes, that once every four years process, will impact the crypto miner. taking a look at the dow, it's just flipped into positive territory, gaining 49 points. folks, the s&p at a gain of 26 points is at a record. and the nasdaq also at a record. so we've till got 12 more minutes

i don't know what the fed is thinking or i'm worried about the 2 rz and the 10s or what's loretta mestering? too many people dwell too much on what i consider to be inside baseball stuff and miss the big picture. picture like the fact we have great leaders like jensen huang, elon musk at tesla, mark zuckerberg at meta they can triumph over this noise. you think these guys paid attention to these faux constraints? no their eyes were on the prize in the end all this fed talk is only relevant to super large hedge funds, the ones so big that individual stocks aren't enough to move the needle so they don't even invest in them these managers obsess over the big picture because they can only invest in the averages. too much macro, not enough willingness to get your hands dirty learning about gpus versus cpus and generative this and large language model that. notice how rarely they talk about individual stocks? notice how rarely they ever help you? then there's the cynicism. we've got some bias in the media. anyone who's made a lot of smoin treated with a certain level of suspicion, with the exc