steve tells us why vice chair stanley fisher say the same thing differently. >> reporter: as the feds hope for 2% inflation goal within grasp, two officials speaking today. look at the same numbers but they have different take aways. vice chair stanley fisher told an audience. >> we may be seeing the first stirrings in an increase in the inflation rate, something the fed would like to happen. >> reporter: his colleague had a less enthusiastic take. while it's been positive, he said. >> that's a good data point, but it's just that. it's a data point. i want to see a pattern. that would give me comfort. we have a lot of very positive developments in our domestic economy. you look at the labor force. the labor forces expanding. people are coming back into the labor force as the labor market remains very solid. american consumers are continuing to be very robust. that's why i am very focused on pro serving and protecting the progress we've made. >> reporter: he sees downside from oversees especially china. while she's focused on the u.s., she says the u.s. needs tho mo o monitor and be aw

sounding statement so that they could at least put june on the table and i certainly believe that stanley fishers to get something like that done. >> is there something else right now that we have to worry about that's going to influence the overall markets direction? we're waiting for oil to stabilize. it looks like maybe it's doing that. before that it was china. we're not talking about that as much anymore. is there something else that might pop up and assert itself and take us off of the fundamentals again? >> there's always the find of fwr geo political risk. now next week we have the bank of japan. that might be a little bit of a surprise in that they have not been getting the reactions that they wanted. we'll also have the bank of england and in china the national conference will adjourn on tuesday. so i think that we may hear from chinese leadership so that could bring the surprise right back again. >> b of a has a note out today looking at flows and it signals a sale signal and the election is getting a lot more interesting. brexit continues to heat up. all the external factors over the

they will pay tank evenings to stanley fisher monday.k's sporting goods is among bigger companies reporting earning during the week. the results could prove interesting in the wake of bankruptcy filing by rival sports authority. shake shack, polo loco. if you're interested in film music or interactive media, keep an eye on south by southwest festival. gets under way friday in austin, texas. in addition to movies and music, the festival is a showcase for new technologies. sony bringing hands-free wearable device and samsung will be pushing its new galaxy s-7 phone. i'm michelle caruso-cabrera. get all your business news on cnbc. >>> now, 7:26. this morning we are breaking down super saturday in the race for the white house. nbc 10's drew smith is following the decision 2016 development. drew. >> one candidate appears to be emerging as the guy who will be the best shot to take on donald trump. we'll tell you which states and what it all means at 7:30. >>> all right. snow is falling this morning in some spots, mainly poconos, seeing some sl

investors will be paying attention to fed vice chairman stanley fisher monday at the meeting for national business economics. dick's sporting goods is among bigger companies reporting earning during the week. the results could prove interesting in the wake of bankruptcy filing by rival sports authority. shake shack, polo loco. if you're interested in film keep an eye on south by southwest festival. gets under way friday in austin, texas. in addition to movies and music, a showcase for new technologies. sony bringing hands-free wearable device and samsung pushing new galaxy 7 phone. i'm michelle caruso-cabrera. get all your business news on cnbc. >>> now, your nbc 10 first alert weather. >> all right. we have some snow showers early this morning. some isolated snow showers are not going to amount to much. but still could cause some problems as you're out and about early this morning in parts of the poconos, down through delaware. weather headlines on sunday morning, there are early snow showers. i'll show you on radar where they are. otherwise another cold day, temperatures right around 47

. >> did you hear anything new or different from stanley fisher brainard today?d some comments out of both stan fisher and lael brain ard and you heard we might be seeing the first stirring of inflation, maybe green chutes for 2016. brainard saying she's advocating to protecting and preserve the progress made so far that means lots of patience on policy increases so right now that's what you're seeing. how much more will this economy have to improve and how much do we need to see inflation firm up before the fed is willing to move? we're not expecting movement in march but i don't think a june rate hike is off the table. >> you mention first stirrings. if we see the first stirrings of a market different from the prevailing trend this year, what do you think the new trend here would be? >> i think in terms to get this market going and to believe in the rally from 1810, the s&p rally basically 200 points in 16 or 17 trading sessions, i think you need the financials to firmly take a foothold and build on the gains we've seen. the oil move has been stupendous in a wo

the fed's stanley fisher, vice chair, taking the podium in washington at the nabe. we're going to monitor this event, bring you any developing headlines as they cross. steve liesman has given you the headlines and synopsis there. probably won't vary much from his prepared text. if he does, we'll bring it to you. markets right now near session highs for the day as brent back above $40 a barrel. and west texas intermediate nipping above 38. to bob pisani for the latest. >> we're seeing again another commodity rally particularly in the metals and oil space. let me show you some big metals names today. fortescue, up 23%. cliffs natural, vale, look at the moves up. all the companies were up double digit in the prior week. let me show you what this means. we have seen iron ore prices up dramatically today, 15%, 16. and autopsy up 27% for the mont. this will make it easier for cliff natural resources to service their debt. their primary product went up almost 30% in a short period of time. they got $2.3 billion in debt, more money coming in. easier to service the debt over

stanley fisher's rhetoric, and so much else, now a very different kind of sentiment. >> let's kick it around, see if we can figure out what's on the mind of the federal reserve board right now. michelle meyer from bank of america merrill lynch, keith fitzgerald from moneymorning.com. steven "sarge" guilford, and rick sabol telli checks in from chicago, and steve liesman, who was in the front row there you saw at the news conference. he will join us. sarge, let me talk about the market response here. what did you make of what the market is doing? this is not a huge rally. but you're not getting the kind of rally we used to get when the fed didn't raise rates. >> no. i think we're trying to assess what the fed is actually targeting it. you're not seeing it in equities. we know we have met much, much or employment mandate. we pretty much met our inflation mandate. what are we doing now? they're targeting in my judgment the u.s. dollar. they want to weaken that, and trying to steepen the yield curve. you're seeing the reaction? gold and oil. >> michelle, you know, what kind of fed are we

. >> something we heard from stanley fisher of the fed yesterday, talking about the first stories oflation. take a listen. >> since the u.s. economy is now below our 2% inflation target and since unemployment is in the vicinity of full employment rate, it is sometimes argued that the length between unemployment and inflation must mean broken. i don't believe that. rather the link has never been very precise but it exists. and we may well at present be seeing the first stirrings of an increase in the inflation rate, something which the fed would like to happen. >> it's interesting he said this on a day when the 10-year backed off, 183%. what do you think is the next move there? does it relate to better inflation prospects? >> i think the fed -- there was a lot of discussion a few weeks ago about the fed would cut rates and yellen was grilled about negative rates. this is a fed that is moving towards raising rates and i think fisher was pretty clear about this. we think it's going to be hard and impossible to move in march. i do think they move as you get into june. i think we're going

fed governor lyle brainard and vice chairman stanley fisher with speeches scheduled two.he only two such public appearances this week. users of apple's macintosh computers targeted by hackers in the first ever ransom case involving the mac. according to researchers with cyber security firm palo alto data. >>> united continental chief executive officer will return to work next week. he has been sidelined since suffering a heart attack in october. he underwent a heart transplant in january. becky. >>> lots to discuss in the world of pot ticlitics. we start with the nation mourning the loss of first lady nancy reagan who died yesterday at the age of 94. she was known for her style and her just say no to drugs campaign. she stood by her husband's side during his long battle with alzheimer's disease. >>> on the campaign trail. hillary clinton and bernie sanders battling it out in flint, michigan, last night. topics ranged from the economy to the water crisis in flint to the auto bailout. >> i voted to save the auto industry. he voted against the money that ended up saving the

stanley fischer's comments. put that into context for us, what did stan fisher say to give us any indication what the central bankw is consistent that the fed has more hikes coming in. the data will allow the fed to be opportunistic here. things have stabilized a little bit. comment say inflation is generally around the corner and starting to pick up. certainly consistent with at least two hikes this year and not three in terms of what stan will do what you will see is an upgrade to the language in the statement in march. they may even choose to classify the balance of risk. that would open the door for a move in either april or june. >> we also have some headlines. what did we learn? >> she has been active in saying the fed should not move quickly. the fed should work to protect the game it hasn't made. shouldn't take the strength in the labor markets that san fisher is talking about. .hey may not continue slowing growth in china is having an effect on markets everywhere, particularly to commodities. even though we are seeing resource utilization improve as the unemployment rate goes down, the effects are going

stanley that the fed rate would not be increased until june. we are now reducing that too may be december. >>> so maybe until the end of the year. so maybe just 2 fisher? >> perhaps, that's what they're indicating that depends on a lot of factors. they have a report card, the jobs report and we create 225,000 new jobs every month. check the box, that is really good. >> titus february compare? >> february was usually got about 300,000 new jobs. >> would also be looking at? >> a look at the unemployment rate. that is up 5% we projected to be at 4.7%, that's what we consider to be full employment. that is fantastic. that is really good. >> check. >> then we have the cpi report that just came out this morning . that is the consumer price index and an indication of what we pay for the cost of goods. that report came out at 3/10 of one percent. that excludes gas and food. if you add those back in we only increased about 2/10 of a percent. that is a soft side on inflation. as you know, wages have not increased the share very much. that is another soft side. you would think with all of these jobs that those are red flags. the federal funds rate could get what