[inaudible conversations] thank you all for being here in the Senate Committee on health, education, labor and pensions will come to order. N, this morning we will be considering the nomination of dr. Monica bertagnolli to serve as director of the u. S. National institutes of health. And let me begin by welcoming dr. Bertagnolli to our committee. Committee. We look forward to hearing t frm you, and we thank you for being here today and i see you brought along a fellow wyoming or i hate. We welcome senator barrasso as well. The nih with a budget of more than 47 billion is the largest funder of medical research in the world. This research has led to new treatments and prescription drugs that have significantly improved the lives of americans, and people throughout the entire world. And i think all of us every single american should be very proud of those accomplishments. But having said that, let me say a few words about my concerns. I dont have to tell any american that the Healthcare S
Judge jeanine pirro, jesse watters, Shannon Bream and this is the five. President biden to give an address three hours from now in the wars of israel and ukraine and the stablings could not be higher. Israeli Defense Minister telling Ground Troops to prepare to invade and theyd soon see gaza from the inside. Prime minister Benjamin Netanyahu out on the front lines to rally his troops. Were going to win full force. The entire people of israel is standing behind you and we will give the blow to enemies to get to victory. Greg middle east continues to be a powder keg and they blame israel for the Hospital Blast and so bad that the State Department is issuing a worldwide caution travel alert for americans dont worry, joe biden says hes going to settle all the chaos and president boasting his trip to Ziti Rielle Real is a big success and making awkward gaffes about hamas missiles. I came to get something done, i got it done. I got to israel and also suggest that im not suggesting that hamas
That was higher than anticipated and that all but nullified the pop that some of the banks gave the market on a series of better than expected reports. Jpmorgan and citi have gone negative. Bright spots on an otherwise topsyturvy day. Boeing is one of the worst performers today. More issues with the 737 max emerging. That stock down more than 3 as for tech, the biggest loser. Every name losing some altitude today. Meta one of the worst performers along with nvidia. Our talk of the tape. Whether stocks can have a lateyear surge or not. Two market watchers on two sides of the argument, bmos brian belski says investors shouldnt fear rising rates and Eric Johnston argues stocks are going a lot lower. Both join me live, as you can see. Good to have you both with us. Brian belski, youre the bull. Ill go to you first. This week inflation sticky. Consumer confidence is waning. What allows to you remain bullish stocks . Thanks for having us. We appreciate the opportunity to clarify our stance.
Environment, as well. A good day for small caps. Yields are down. Tech is up. The big names getting a nice lift. Speaking of, the mega caps it take us to our talk in the tape. Assessing apple. Once the biggest and most important stock in the market. Now this tells a very different story. The share is the worst performing in the group this year. Will tonight get the stock back on track . Let us ask our panel. And requisite Capitol Management and joe terranova. And they are both cnbc contributors. Great to see everybody here. And you get the ball first. What do you think about tonight . I will take the ball and run with it. I think a lot is priced into the stock. First if you look at the chart technically over the last one year. As joe can attest to perhaps lower lows and higher high prices. But i think that is going to continue to grow. There is low expectations. Im going to stick with tim cook. The bad news is priced in and the stock is trying to make a balance from the longterm suppor