Well give you a check of the picture in a moment. There you go shanghai up 0. 50 . Trading under way there for a number of hours. The dax is up approximately only over in france, the picture, negative at this hour. Treasury yields much in focus this week. 2. 60 on the current year and above that level at 2. 65 that is the one to watch were certainly watching that. 2. 60. You can round that up to 2. 7 right now. You can round that up to 3 a lot of people say thats the next stop. The question is at what point does that put more pressure on equities and minds of investors as the rates are going or the bitcoin, to lose money on bonds, i got to get into the stock market except, well see what happens from the equity market from there quite frankly, every piece of low rates have been great for the equity markets apparently rates going higher are great for the equity markets. Thats the dogma right now what point do you get, as ive sort of been saying the full capitulation of Bond Investors where you really are running for the exit and then you could see rates rise at a faster clip and where does the money go . Every time theres been okay, theres people who are losing money at the same time, theyll go, wait a minute,2. 6, maybe up 3, thats pretty good i think it will bring in new buyers, too. It doesnt necessarily jump up like a spring, but well see hey, were getting ahead of ourselves in saying that rates are going to actually continue with wilfred, he said he doesnt see inflation anywhere hes anticipating two hikes. He might be in the camp of rates may actually trend back the other way. Its fascinating. It wouldnt surprise me for them to do what theyve done in the fast anytime theres been any sort of a pickup and gets people nervous. Its only a few weeks later youre taking that deep threat going okay, here, lower for longer crude prices, saudi arabias minister said they expect it to extend beyond 2018 wti over 63 a barrel brent over 68. Production, they have that Production Cut last year ubs is the latest bank to announce a shortterm hit in the u. S. Tax overhaul. Switzerlands largest bank posting its 2. 3 billion net loss in the Fourth Quarter it took a 3 billion writedown as a result shares down 1. 6 among other headlines, its increasing its dividends introducing a buyback program. And creating a Global Wealth management division. You can see a selloff there. Interestingly, theyre doing dividends and buybacks the capital has been a big turn for u. S. Banks and also pressure on banks for not too much on tax reform Amazon Grocery opens in seattle. That store known as amazon go relies on cameras based on customers taking off the shelves. The period has been open for amazon employees for a yearlong test period. Carl icahn and deson pushing for the xerox sale they plan to call on xerox to explore alternatives which could include selling itself breaking up and feedly firing fuji film ceo Jeff Jacobson that lagged for years but recently rallied in hopes of getting a deal down. Speaking of deals, the senate expected to vote on a funding bill to get the lights back on in washington. Our Kayla Tausche joining us hi, kayla. The senate is expected to vote in a few hours. Now, they will take up a new package at noon today for an updated funding bill that would include finances for the federal government until february 8th. Its a week shorter than the last and a date that the white house supports and the bill also supports the Childrens Health insurance which ran out last week. But the issue, immigration, the issue causing democrats to hold their votes. But Senate Majority leader Mitch Mcconnell is offering a new pledge to take up the issue as a new deadline it would be my intention to resolve these issues as quickly as possible so that we can mov on to other business thats important to our country that other business being disaster relief. And budget caps. And it remains unclear whether mcconnells pledge has more. Theyll see if they can conjure up the votes by noon today there have been times over the last few days where it has seemed were inching closer to a deal, kayla, only for it to fall apart. And then more questions seem to be arising as to whether the president and members of his own staff are actually on the same page yeah, well, the question about the white house and the president s staff is one that has been bubbling up to the surface by various partisan lawmakers part of this group trying to broker a deal on legislation. Theyre references Steven Miller an adviser to the president saying the president s own views differ from those of pelleys and millers, and when theyre in a closeddoor session with the president things seem to be going okay but when he consults with them he seems to be reneging on deals in some of those meetings. Well see what they come around with and mark short at the capitol last night said all staffers especially pelley and miller are very essential to the process. And that the president very much values their advice. And says that theyre so nearly close on a deal for daca and budget caps. But republicans have maintained that talks will continue until the government reopens kayla, did you say they need seven more votes . They need seven more democratic votes are all of the republicans now on board for the most part assuming that the deal that i just listed in the segment is the deal that gets brought to the floor today, that is expected to be the case. But, of course, anything contained that we have seen shifting stands where the final details take part. Part of the democrats dont believe that what mcconnell is concrete enough. That his intention is to take up the issue of Immigration Reform more broadly but it appears that maybe they dont trust that thats actually going to be the case which is why theyre taking such a hard stand on getting daca done now correct and february 8th is a month before the march set daca deadline the democrats certainly if they dont get a deal by that february 8th deadline, mcconnell said on the floor last night, he is committed to pursuing immigration policy through regular order. Through the norm legislative process. But weve seen that it takes longer than a month to get that done so theres a worry that, you know, he is already putting a plan b in place. Even though republicans see that as a very firm commitment. Lindsey graham tweeted that that is more than reasonable for the majority leader to be saying and committing to on the senate floor. But democrats worried if they get to february 8th and you dont have a deal and you have to do to it through a different process then you dont have the time to do that before march and its also been Senate Graham whos been tweeting and maybe has been the biggest critic of not only the chief of staffs control but it was Lindsey Graham overly the weekend, im quoting from this week, staff in the white house told of extreme and unrealistic views they hold us back from getting a solution those are hard words from a senator within the Republican Party criticizing the republicans. Right it was he and senator durbin who last week went to the white house and had a meeting that followed several phone calls with its president , where they thought they had a deal. And then senator graham has mentioned within a period of a few hours what transpired between a phone call and a meeting, at which point it seems that members of his staff seems to have talked the president out of a deal that we had agreed to in principle were seeing this from various lawmakers that this happened and certainly, senator graham feels he has a reason to say that and issue that criticism. But well see what happens if they can get the government funded today and if they actually do proceed in all of that close to an immigration deal that would follow kayla, one more quick thing what happened on march 5th, if the governments still shut down, you know, basically, if they dont address that law right now, what happens on march 5th . Well, currently, kelly, there is an injunction from the court. So its unclear if the march 5th deadline would have any real bearing if the courts havent issued an opinion on exactly what the status of the d. R. E. A. M. Ers are. The white house wants this case asap so that if that is clear, essentially the march 5th deadline is the protective status for d. R. E. A. M. Ers is expected to basically seems to cease. Even though it wouldnt take in fact until the fall. Theres a lot of fine print in that, but it really comes down to the courts issuing an opinion. Ful they get fuif they get a, you would think they got a move on that, right is that the federal court . Thats not the supreme court, is it thats what i need to get back on, kelly certainly, they need to get the government open first. All right, kayla. Thank you. Lets get to different stocks to was that how about sanofi striking a deal to buy buy jioverativ. Its a 64 premium to fridays closing price. Bioverativ makes dreams to trea hemophilia tiger global has reportedly invested more than 1 billion in barclays the Financial Times said the hedge fund bought much of its 2. 5 stake in november and also extending a vote of confidence and barclays to focus on its u. S. Led Investment Banking operations and the ukbased Consumer Banking business barclays shares up 3 . Wart mart lmart is reportedn talks to sell off brazil biz the locations and inefficient operations labor trouble, and uncompetitive prices, but ceo Doug Mcmillan has been conducting a review of Global Operations since 2016. Joining us now, joe bell is a senior strategist at sheaffer research and guy agammy joe, thanks for joining us we were just talking about Interest Rates what are your thoughts here, higher Interest Rates on the one hand, rallying stock market compared with the fact we had the Government Shutdown day three. I thought when we were going into the close on friday people thought it was not going to happen now that its happened, is that putting pressure on the market well, not really. Were not seeing a ton of pressure when you talk about the stock market, with washington and politics being even tougher sometimes but when you look at the shutdown, i think the market is generally telling you they probably think somehow, some way this is going to get resolved in coming days and not really going to have a longterm effect on equity prices. We talk about race, you have to remember going into 2017, this sentiment that we just assessed, it was a surety that Interest Rates were going to go higher. That was the expectation 30year rates were actually lower than they were when we entered the year last year sometimes, when we have these expectations the market tends to correct that a little bit. We enter the year with the same expectations. Sound a little exceptskeptic, like weve seen this script before, about ten years in a row, right yeah, absolutely. And the other interesting part is weve been expecting it for quite some time. We havent gotten it the market has been strong you still have to remember, relative to international countries, our rates are still higher than theirs when you look at from a top efficient standpoint, when you talk about baond investors looking for bonds, u. S. Bonds are historically higher. And its actually been pretty strong for the tightening cycles for when the fed is going to raise harates. That may not be as bad even if we see the increase. And look what happened, 2005, 2006, 2007 Interest Rates going higher everything was hire. Everything was going higher are the Interest Rates going higher for the right reasons or wrong reason the right reasons for the equity market the wrong reasons where things are going off the rails a bit. Where do you guys come down on things . Well, when we talk about, obviously, historically, you look at a rising Interest Rate investment you would expect that to coincide with Economic Growth you look at the employment market rates, thats been improving over the past several years. You look at gdp curve, its actually less than that longer average. Around that 2. 5 gdp annual growth in years i about 3 so weve actually seen this slow spending growth. Weve actually seen the Household Debt rate at its lowest level in 30 years i think consumers have actually been a little conservative thats why weve seen this continued flow steady, not not only stock market, but Economic Growth we could see it last longer because were seeing the consumer slowly, steadily invest in the stock market. Do you think last week was the beginning of more volatility in the market or a one off we had a big up day last week, i think it was tuesday the vix opened higher and closed higher closed up 11 or 10 you were there two days, 2. 80, and next day, 300. With the vix up higher. Vix was higher on the market when the market was up, rather than down, the point youre making. Right i think its fascinating one of the first times weve seen that in quite some time. What you want to see at 5 00 maybe in the shortterm market in days or weeks where youve seen not only the market go higher but the volatility going higher as well we saw hints of that last week on friday we closed at 28,700. The vix down 6. 5 despite the Government Shutdown were talking about now. And the market doesnt seem to care about anything. So, i do think were going to see increased volatility the fun thing, making a point, too, they liked better when the vix is up a little bit, back towards normal because then the whole market rally didnt feel quite so strange. Last year, it commonwealth like a quarter percent every day. Do you think theres any truth to that. At least when youre back in the 11, 12 range it makes it feel a little better it feels a little better . Yeah. My concern is, listen, im always concerned thats just the way i was raised in this environment. But you wonder how the role is in terms of viability. And you wonder how sustainable that is. When things turn, that passive becomes active and its not active when things go higher. So that would be the one thing id continue to watch. Joe, any last thoughts on that yeah, we talked about if there are concerns, you question maybe in the short term, over the next three or four weeks we had a market start, with only 14 trading days in, pretty much like you mentioned wehave interim volatility last week but the market is on the upside. Look at the technical indicators we look at perhaps indicating maybe its time for a little breather over the next three or four weeks rsi above 80 for the First Time Since 2017 and ninth time since 1993. Maybe a little breathing room. And average drawdown around 10 . Its going to feel like the end the world but thats typical market behavior. It just seems abnormal with the typical low volatility weve seen obviously, were going to see pullback longterm, i think the trend remains in place id be surprised if you had a pullback soon. Aside from volatility last week, nothings changed. Well, think about right, were just getting in the cusp of earnings season. The market is down half a percent, we get all we get excited because things are happening. You know, weve become conditioned to things that are happening. So, your point, seeing 3 seems i cant remember, i think my hair was a little darker last time it moved 3 if anything changes is how fast we started off the year, just to come out of the gate at 10 . Must seven sessions. At the end of month, weve been bullish, but they got to absolutely crush for them to justify that close to 35 in earnings. There are a lot of stocks in that basket, right the caterpillars and the boeings and some of others netflix for a second, which is reporting this week today in prep for that. But thats up 15 in 2018. And we just started. We just started. Were a few weeks into it. And the stock is already up like that the bar continues to get higher. All right well talk much more about that. Joe bell, thank you flu season in the u. S. Typically peaks in february. This years outbreak is the worst on record. Mike terrell here to tell us what makes the strain so dangerous and what its costing american businesses. Thats coming up next. Nobodys putting their money into equities. Theyre not investing in commodities or fixed income. What people are really putting their money into is what they hope to get out of life. But helping them get there requires a real refusal to settle for average. Because when you approach investing with a tireless desire to beat the status quo, Something Wonderful can happen. Those people might just get what they wanted out of life. Or maybe even more. You know whats not awesome . Gigspeed internet. When only certain people can get it. Lets fix that. Lets give this guy gig really . And these kids, and these guys, him, ah. Oh hello. That lady, these houses yes, yes and yes. And dont forget about them. Uh huh, sure. Still yes xfinity delivers gig speed to more homes than anyone. Now you can get it, too. Welcome to the party. This year is likely to be the worst flu season since the swine flu pandemic of 2009 joining us now with impact on business is meg tirrell. Good morning good morning. It is promising to be a pretty intense flu season it ramps up quickly since december the strain isnt well protected by the flu vaccine still Public Health experts say getting a flu shot is one of the most important things to do to protect ourselves and others and another report is staying at home when were sick but a lot of us dont do that. Urgent care providers conducted a survey about where americans go when sick almost 70 went to the drugstore or pharmacy. 33 went to the Grocery Store. Almost 40 went to work sick Health Experts say thats a big problem. Its even got a maim for zenkyism, and can contribute to the further spread of the disease. While it can be costly for employers, the lost productivity from six days related to flu lost 9. 4 bi