keep in mind that -- >> steve, mike murphy.e are talking a lot about inflation and the price of goods going. is there a scenario where you see strong numbers from the economy, numbers that are so strong that we push back through versus $70 a barrel? >> that is indeed a possibility, mike. i don't think we'll stay up there long enough. demand elasticity will remain strong at $7 a barrel, so i certainly wouldn't rule it out. i think i was here last week, the high 60s is the top of the market. having the producer wants oil prices have much higher because all that does is invite more substitutes in the market. while demand is strong, did not think it's going to outpace supply simply because the two events. we have the response by the substitute come electric vehicles of course and greater efficiency. just the anecdotes i can drive from philadelphia to charlotte, north carolina inmate beetle suv on one tank of fuel. we are stretching out much further and supply should continue to outpace demand. >> stephen, mitch rochelle. i was talk

maria: as rates go up, that is the reality, mike murphy. i know you will set the backdrop is strong because it is. be not the backdrop is strong in the backdrop of the infrastructure bill is different than what we've seen before because where the money is coming from is 80% on the private and local government versus the federal government because they reversed it from where it used to be 80% of the federal, 20% local and now it's 80% local. if you want to fix a road or bridge in your municipality or your area, you have to put up a bulk of the funding and the federal government will help you. it looks to me from a business standpoint it's not a handout for you or handout for you if you can do part of the heavy lifting we are there to help you. maria: 200 billion federal. the rest is private or state and local. dagen: to all the people who mock the show already, the stimulus package back in 2009, you ought to be mocking us. we need infrastructure spending in this country. make the people who use our roads and bridges pay for it. our national

stuart: sterling work by jeff seeker and mike murphy.toric day, you did great, thank you very much indeed. we're down -- sorry, up 245 points. show me the s&p, please, up 1% on the dow, up .7% on the s&p. show me the nasdaq, the technology stocks, how are they doing? up .8% on the nasdaq. again, let me show you the interest rate structure. we're at 2.78%. started at 2.75. now we're at 2.78. the market's gone up regardless of the higher interest rates. the price of gold doing nothing, some may be surprised at that. looking at inflation and stock market volatility, we're down 250. the big tech names up, amazon up $24, $1414. microsoft up 64 cents, $88.64. google up $19 a share and apple up three bucks at $159. with me todd horowitz, bubba trading.com and shah gilani capital strategy. todd, you are a bear, you think that a nasty, nasty correction, crash, call it what you like, you think it's coming. is this it? >> i think this is the start, stuart. by the way, good morning. i think what you're going to see here is what you're seeing now, ve

mike murphy, thank you, always a pleasure to have you on the broadcast. >>> coming up for us, presidential biographer, david marinas. he has an interesting answer to the question about whether or not he sees any parallels to today. there's tail gunner joe right now. we'll ask him about it when the 11th hour continues. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. >>> i said then, general, you should be removed from any command. any man who has been given the honor of being promoted to general and who says i will protect another general who protects communists is not fit to wear that uniform, general. i think it is a tremendous disgrace to the army to have to bring these facts before the public. but i intend to give it to the public, gen

mike murphy, thank you.sure to have crow on the broadcast. >>> coming up for us presidential writer about the mccarthy era. there's tail gunner joe right now. we'll ask him about it when "the 11th hour" continues. 1, 2, 3, push! easy! easy! easy! (horn honking) alright! alright! we've all got places to go! we've all got places to go! washington crossing the delaware turnpike? surprising. what's not surprising? how much money sean saved by switching to geico. big man with a horn. fifteen minutes could save you fifteen percent or more. >>> i present, general, you should be removed from any command. any man who has been given the honor of being promoted to general and who says i will protect and honor, general, who protects communists is not fit to wear that uniform, general. [ applause ] it's a disgrace for the army to bring these facts before the public, but i have a duty to do that. >> in the end it turned out he had no decency. republican senator joseph mccarthy rose to prominence in the '50s including the

mike murphy, thank you.always a pleasure to have crow on the broadcast. >>> coming up for us presidential writer about the mccarthy era. there's tail gunner joe right now. we'll ask him about it when "the 11th hour" continues. a wealth of perspective. ♪ a wealth of opportunities. that's the clarity you get from fidelity wealth management. straightforward advice, tailored recommendations, tax-efficient investing strategies, and a dedicated advisor to help you grow and protect your wealth. fidelity wealth management. to help you grow and protect your wealth. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. i had severe fatigue, became diagnosed with hodgkin's lymphoma. he was a g

i heard you had kevin kelly, i think, a moment ago -- >> mike murphy. >> mike murphy, rather, and before out to the week's lows. i think that's going to be a number a lot of technicians will watch to see if that holds. i was in transit, unfortunately, from jersey city to here, so i missed a lot of the action. stuart: the bottom line here is that you are not concerned about this dramatic selloff of this week, you're not concerned, you regard it as an opportunity to pick something that's of value that's gone down too far. >> absolutely. absolutely. i went and talked to my office today and said i'm going to put out a piece called today is yesterday. stuart: okay. >> do you know what the premise of that is? stuart: no. >> how often have people looked at the market and said, oh, man, twitter's up 25%, i was going to buy that yesterday. well, guess what? yesterday is coming. [laughter] that's the message i want to echo to folks. yesterday is coming. you missed it. guess what? now you have a chance. i do understand the anxiety, and my first full year as a broker was 1987. so imagine this -- [la

dagen mcdowell, rose co-ceo managing partner mike murphy and benchmark managing partner kevin kelly. >> we've got an action-packed week with the federal reserve note. we would get a read through or not. we have seen yields are blowing out. the two-year treasury is at its highest point since the lehman crash it to point to 6%. >> these are the minutes from the january meeting. >> yields on the two-year been as high as they've been since 2008. that was an option yesterday. about a quarter of a trillion dollars in treasury being auctioned this week. again, is the demand there for the subs supply. the demand is always there. it's just what you of the federal government has to say. >> that's when the market turned yesterday. that's when it went negative and we saw namesake home depot positive on the day. they were doing very well post negative on the day. >> we were open on monday. you would've known about that about 6:00 on monday morning after watching "mornings with maria." maria: and rightly yesterday as well after there was so much supply. when i got home and saw what was happening,.

mike murphy, and liz peak. mike, we'll start with you since it's the first time on the show.ction you have been watching the last three weeks, the jobs report that was seen as a negative because inflation came back into the conversation. >> i like the way it's settling down. that volatility was unsustainable for a bit. but inflation typically is a negative. however, inflation forthright reasons isn't necessarily a negative. if we have strong underpinnings in the market to support activity, the' favre price earnings is 18.5 times earnings. charles: they have been struggling to get it up to 2%. >> i believe it was an overreaction. i think we are in a very good place right now. charles: we had two voting members speak out today. they are hitting the road and trying to articulate some calm. but we would love to hear from jay powell, the new man in charge of the fed. is it much ado about nothing or how concerned should we be? >> i don't think it's much ado about nothing. it's a different way investors are looking at the market. but i think it's totally right that the main thing go

all it took was a look, in fact, for lead detective mike murphy to see what happened in david's bedroom was highly intentional. >> it was an execution. the intruder came in while he was sleeping, placed a gun to his head, and shot him in the chest. >> and joan? the shock of it didn't help, of course, nor the fact that she was sound asleep when it happened. by the time she calmed down enough to talk to police, she wasn't very helpful. >> i did not clearly see the person who shot david. i'm not sure if i saw or just had a feeling of somebody just leaving the room. but -- i thought it was a shadow. >> did you actually see a shadow or did you tell the police you thought it was a shadow? >> it was a movement, like a shadow that left. >> she was worried about the safety of the children. she returned back to her bedroom. that's where she made the 911 call. >> the children. joan and david's eldest daughter daisy was out of town. but their two young boys, just 7 and 10, slept through it all, unaware of what happened. down the hall was shannon's 15-year-old daughter elizabeth, who told the cops s

mike, thank you so much mike murphy, jeff sica, mozzarella man, thank you, jeff for being here.heck on the big board for you, okay, we are down a little bit more, 92, 93 points at 25,127 for radio listeners, the dow up about a third of a percent which just started the new day. big guest by the way at 11:00 a.m. hour, austin dillon, how cool is that? on big win on new tattoo. i wonder if he can show it to us. he cannot show it to us. [laughter] ashley: okay. we will leave that to your imagination. also facebook says it will use u.s. mail to verify the identity of anyone who buys a political ad. question, will that be enough to stop the russians from meddling with our elections more varney after this. [ phone rings ] hey maya. what's up? hey! so listen, i was taking another look at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you d

. >> mike murphy juicing the economy good for the market ore bad for the market longer term is?> i think it is great for the market. i think what happens so just -- difference of opinions. >> respectfully disagree with jeff. i think that i didn't see the other side of what the government could do right now. cut back spending? i don't think the economy is in a position we've had a few strong reports. i don't think we're in a position to cut spending i think we need to continue to spend so far we have a new administration that has been in office for about a year from a business standpoint i think the report card there should be a to a plus rolled back regulation and cut taxes so i think they deserve the benefit of the doubt here on the spending bill. spending for the economy is a good thing. spend for the stock market will also be a good thing. >> all right mike we have a difference of opinion. >> what about -- the interest rates that's what everyone is -- what they said what about interest rates going up? >> okay. so i'll answer that with a question should interest rates in the e

ashley webster -- [laughter] ashley webster elizabeth and mike murphy and d very okay dr you first we already know that mr. powell is going say the economy is fairly strong. jobless rate falling, income wealth spending all rising low stable inflation. what do you think that means for interest rates about how far and how fast he's going to raise them? >> i think he is going to be firmly in the don't rock the boat camp stuart. he's going to -- he's going to try to maintain a good thing. the unwinding of that balance sheet we've talked about he's going to try to do that very gently, and i think we've talked about the fact could it be a four, five interest rates hikes we're not sure where that you are going but he might be damping that a little bit. >> market agrees with you because we're up if the market right if the market thought his opening statement that we wouldn't get four or five interest rates quickly that would tank. >> what the market doesn't like stuart is unserpght. the market doesn't want to be guessing on how quickly they're going to -- remember weeks ago in the middle that

mike put together that report yeah, they were really good. sports sunday is next on channel 6. 4:30 tomorrow morning, matt o'donnell, david murphy. >> for the entiren news team, i'm walter perez. have a great night and a great weekend. ♪ ♪ >> action news is sponsored by ... >> tonight on sports sunday. >> i am having some fun. >> it's fun to be a philadelphia sports fan right now. >> joel embiid. the last man on defense. >> since the eagles won the super bowl, the sixers and flyer s are on fire. and brett brown is fired up to make a deep playoff run. >> i want to try to win in the playoffs. and, you know, we feel like we can. >> the phillies believe they can fight for the playoffs too. >> that's why you play the game, man. it's -- i'm just getting chills thinking about it. >> we go one on one are rhys hoskins, plus we're talking eagles. who are still parading in the streets. listen up,

and meteorologist david murphy is back with the seven-day forecast from accuweather when "action news" continues in a moment. >>> vice president mike pence began a six week swing through asia. his goal is to boost pressure on north korea and to make sure the north doesn't is interfere with the games and he did not rule out a possible meeting with the north korea delegation during the trip. >>> almost show time for space x big new rocket the falcon heavy. it's carrying something quite unusual. a tesla roadster. belonging to space x chief, elan musk is on board. he wanted to add dramatic flair. >> it's the biggest rocket in the world by far. >> today is the rocket first test flight and if all goes well it will haul satellites and other items in or bit and one day sending passengers to mars. >>> the hits just keep on coming for a member of the patriots. robronkowski returns home to find his home burglarized. >>> he became a member of the championship team and was invited on the field for the celebration and told people that owner jeffrey lury assured him he would get a ring are. he was traded to the saints for the offseason and he was

mike emanuel fills us in. >> president trump says he wants action on gun control. >> the president is planning a meeting for wednesday with bipartisan members of congress. >> shifting to a measure by john cornyn and chris murphy to tighten up the criminal background check system. it would keep those with serious records from buying firearms. they want to see what the senate is capable of passing but predicted that congress will act. >> we took action last year but i think you're going to any more legislation. >> the measure was attached to a concealed carry provision for new jersey republican commerce men lance has written paul ryan asking to bring up the background check aspect. house majority whip, a victim of gun violence, focused on mistakes made leading up to the parkland attack. >> why did the breakdowns occur? let's focus on addressing the problems and mental health we have started to deal with in congress. let's close loopholes. let's figure out what went wrong with government before people start to talk about taking away the right to law-abiding citizens. >> there's a deadline affecting the so-called dreamers. >> continuing court protection, 1,000 young people will be subject to deportation. they inc

and chris murphy from connecticut tweeting to passed tax that cuts that create $1.5 trillion in debt. takes guts, respect. take a look at the floor of the senate. we just had mike of utah and we have angus king. body. when tax reform was passed in 1986, there were some 33 hearings before the finance committee. it took 14 months. and the vote in the senate was something like 90-10. that was a process. the process on the tax bill in december was atrocious. it was an embarrassment. the city council in bangor, maine, would not have amended the leash law using that process. and now tonight people are coming and complaining about process, the people who voted for that bill. i'm sorry. i'm not very persuaded by that. at least now there has been some process in the sense that it's been bipartisan, that our announcer: independent of maine, angus king. you can continue to watch him and all the action happening on the lord in the senate. expecting that probably around 1:00 a.m. eastern time. they'll be one hour beyond the time the federal government will be shutting down midnight eastern time. beyond that, once the senate takes action to move forward on its two-year budge

murphy's law or someone knows what -- >> one of those. >> someone's planning it out >>> anyway, i'm going to do this as if it's not in the prompter, okay you see this hey, mikeound. that sounded natural, didn't it? did that sound -- instead of mike, stick around joining us now is steve wood, chief market strategist at russell investments and bingy chada. chief global strategist at deutsch bank who wants to start you're listening to all of this. is this -- when it's all said and done, will this be sort of something that makes sense on the long term vol? >> i think it will i don't think we're in the beginning of a bull market there is some shake through. maybe the gods of irony were meeting after davos, but i think probably the most operative data point on your chart was the ten year moving from 240 to 285. >> we've adjusted that te effectively. >> really? >> a flattening yield curve. the federal reserve over the last two plus years has been very comfortable tightening into mediocrity we have stimulus coming from a number of sides. i think that the federal reserve is going to feel even more confident at a three rate hike this year. by the time we get to the se