Estevez in that movie. Charles just hope you never have to meet em in real life, theyre rough. Liz charles, thank you very much. Folks, weve got a special edition of the claman if countdown due to multiple plates in the air that are scheduled to start spinning in the next couple of minutes. Weve got stocks right now mixed at the moment. The dow is down 14, s p up 16. It just needs a gain of 19 to hit a new record. Nasdaq up 92. And we are conning to watch this mixed picture, but mostly higher due to the benign inflation read. The 2year yield has been falling in response. Weve got it down 1. 6 basis e points, off the lows of the session. But, look, does anything about that january pce Inflation Report change . Blackrocks bond guru rick reiders timing of the Federal Reserves first Interest Rate cut . Rick is coming up in just a moment the tell you. In the meantime, bitcoin very quickly here continues it epic climb. Coming up in this hour, the ceo of Bitcoin Miner marathon digital is here on why hes selling a chunk of the bitcoins marathon excavates. We are moments away, here come the spinning plates, from the start of an epic if hoedown at the southern border showdown. President joe biden and former 3r9 donald trump have both landed on the ground in texas. President biden minutes away from from getting a briefing at the border while President Trump is moving from the Del Rio International airport on his way to shelby park in eagle pass. Eagle pass, of course, one of the ground zero areas of the fiery border debate, Border Security that is fast becoming one of the top issues for voters. We have this breaking news related to that. In the last 24 hours, chinese nationals have been arrested for trying to sneak across the borders of both and maine. As we await these dueling appearances of the leading president ial candidates, make no mistake, this is both a Major Political and business story. So in this hour, we are going to follow every step of it along with minutebyminute market reaction. Two members of congress, democrat and republican, no doubt watching with keen interest here. Lets take you live to capitol hill where we will begin with new york congresswoman Claudia Tenney of new york. She is a member of the northern border caucus. Congresswoman, as biden and trump are south now, they are on the border, at least close to it at the moment biden to brownsville, trump to eagle pass how important securing the border has become for the voters. What would you say is propelling the growing urgency americans feel about this . Well, americans are seeing even local media starting to cover these issues, especially in Northern New York which i have all of the northern border of new york pretty much, especially all of lake on tower owe. And were seeing, and ive held numerous round tables across the entire division my huge district which is a massive district with customs and Border Patrol, i. C. E. , local police, state police, everyone, and theyre all telling us that its new yorks criminal justice laws that were changed that are assisting in helping Illegal Migrants to get across the border and to be able to go anywhere in the united states. They get issued a drivers license. Weve eliminated the detainer law. Even mayor adams is fighting this. I do think its note if bl that President Biden is going to a place on the border that has relatively little activity and former President Trump is going to the area where we have of most concern. The border crossings have reached a record high. People are starting to notice, and this murder or in georgia along with another murder in new york and numerous rape cases that have occurred are really getting peoples attention, and thats why theres such a focus on it. Liz the murder in new york of the young Nursing Student who was killed by a venezuelan immigrant who came across illegally. Overnight, you mentioned the northern border, up in maine three chinese nationals trying to cross in from canada pretty much under the cover of darkness. I believe we have one or two photos here, were caught by Border Patrol. Do you happen to know yet if the st. S are on any terror watchists . Lists . If im not saying they would be, but this has been front and center for you, looking at the terror watch lists and watching some of these individuals try and come in through the northern border. Yes. Well, liz, one of the statistics that came out last fall was that 85 of if people on the terror watch list are coming across our northern border because so much, so many resources and so many cuts. Coms customs and Border Agents have been sent the deal with the crisis at the southern border. So that has left us vulnerable in the north, and thats why were seeing dangerous people coming across. They get to new york, the cartels if theyre human trafficked or people intending to do harm, they get across the border, they get a license. They get present protected under new yorks green light law passed by Governor Cuomo and maintained by governor hochul, and they can go anywhere in the country can, and a lot of them go to new york city and places where they can cause harm. And then the detainer law that i was speaking of earlier, that detain ther law which was changed detainer law which was changed allowed and made the new York City Police to get this venezuelan criminal off to go down to georgia to commit a murder against this innocent student in georgia. So these laws in new york are directly causing murders, rapes and other dangerous crimes, and people are seeing these Illegal Immigrants on their trail cam cans up in my district. So it is getting alarming. Liz yeah. Oh cannot getting, were definitely there. It is alarming. Liz and for lawabiding citizens, this is really becoming a very, very important issue. Congresswoman, the senate bill that was passed, the border bill, you know, theres things in there that look really rational. The number of Border Patrol agents stagnant over four years, this bumps those numbers up. The bipartisan bill would add more than 1500 new customs and Border Patrol agents. Thats just one of the increases in bodies or that are able to at least go and secure these borders. Why not vote for that . What is holding up republicans on agreeing on that in the house . If. Right. Well, liz, thats an excellent point because that is a good, one good provision of that bill. But the two things that are cited the most by every Single Member of border police, every single i. C. E. Member, everyone in the police, we have got to reinstate remain in mexico, and weve got to stop catch and release. Those are the two things that are most critical that we need to do, and those dont involve adding on we should add, definitely, Border Patrol and resources for that. Why cant we do the Border Patrol resources, remain in mexico, end catch and release and add that to the bill . I think youll have republicans voting. Those are critical components of h. R. 2 which we passed over a year ago thats collecting dust on Chuck Schumers desk. Hes starting to get pressure if as is President Biden. Theyre looking down at cracking down on sanctuary cities and states like new york which calls itself aing sanctuary state. We are protecting thesing Illegal Immigrants, not to mention the cost. The taxpayers in new york are going to be spending other 4 billion in new taxes to pay for this, not to mention what new york city if has already spent and hurt their taxpayers with cutting resources. Liz congresswoman tenney, thank you for joining us. And congresswoman tenney just referenced mayor adams of new york. New york has been flooded with thousands of migrants over the last year, some of whom have committed homicides and other Violent Crimes including attacking and shooting at security guards and Police Officers in times square recently. There is video of that. The shooting suspect who opened fire in the middle of massive crowds, a venezuelan immigrant, has been arrested. And in the wake of these crimes, new york city mayor eric adams just got bad news from the city council in the past couple of hours. The members today slammed his call to alter the city laws in order to more freely allow the deportation of migrants accused of crimes. The councils speaker calling the mayors suggestion to do that, quote, harmful. New york, of course, is a socalled sanctuary city where noncitizens are provided services and protection against federal immigration authorities. So is philadelphia which is part of democratic congressman brendan boyles district. He is also the House Budget Committee ranking member, joins us live from capitol hill. Congressman, we will get to the fact that the continuing resolution was passed by the house just a couple of hours ago to extend the discussion, so we will not at least if the senate votes for it see a Government Shutdown for the next seven days at least. But well get to that in a second. Immigration now the dominant issue in the upcoming president ial campaign. What do you hope President Biden says and does when he speaks in brownsville pretty much in the next hour . Well, nice to be back with you, liz. First and foremost, i do think therell be with several top issues in this election of which immigration is one. But the economy certainly never goes too far away from peoples minds as well as the situation we face in europe and the middle east. In terms of what the president can say is, i hope that he points to the major bipartisan bill that passed the senate, got 700 votes that 70 votes that actually would provide more border officials, more equipment and several other tools that was able that bill, by the way, was able to attract support from most democrats and about half the senate republicans. If we have the opportunity the vote on that here in the house, well pass it, and that way well have even more tools to go to the southern border which, obviously, i think everyone agrees needs desperate help right now. Liz what youre looking at on our screen for our viewers and the congressman, President Biden is on the ground there. He is meeting right now, walking along with members of the customs, Border Patrol, customs and Border Patrol agents, getting the story. With we certainly hope, from the challenges that they have definitely faced. And that really brings us to whats going on when its in philly or new york. We have said that this is a very big with business story. Stores are closing right and left because of attacks and in many cases theft by Illegal Migrants or migrant withs who have been shipped here from texas, because texas is done shouldering all of the weight of this. You know, how do you square that with the quality citizens of america who reallying just want the rule of law . Well, or first, liz, im happy to report to you that in philadelphia over the last 12 months we just experienced the biggest drop in Violent Crime including the biggest drop in homicides in my lifetime. So actually the is situation, i cant speak really for other cities, but my city, actually, we are doing far better when it comes to Violent Crime. Now, in terms of immigrants, lets be clear, and i say this as the son of an immigrant who came here legally in 1970. We are a nation of immigrants. Thats something that im very proud of. Immigrants help build america. However, i certainly am bothered if anyone jumps the line. I am bothered if anyone commits Violent Crime where theyre here legally or not. I whether theyre here legally or not. I believe every person who commitments a serious and Violent Crime should be dealt with in terms of prison, and i make no distinction liz imagine that. Yeah, exactly. A persons status. Liz and that that has really become a problem in the state of new york where people are arrested and then immediately released. No bail. They dont have to pay bail. So let me quickly get your thought on the continuing resolution that just passed in the house. For the budget. It extends it for another seven days, i believe. What will happen then . Are we going to go through this drama again . Obviously, speaker of the house mike johnson trying to square this and wrap his arms around two sides of his own caucus. Tell me exactly what you think will happen. I know today is leap day, but really its like groundhog day because just about an hour ago i voted for i think were up to the fifth continuing resolution. Frankly, its embarrassing. We would have had this resolved back in september, but as youve observed, this is a major fight within the House Republican conference. It was ultimately what toppled Kevin Mccarthy. Mike johnson was, who i think is a very good person and someone who i get along with well, but the reality is he was literally the fifth choice the lead the republican conference because they were so badly divided internally. That dynamic is what is preventing an agreement that was reached last june by Kevin Mccarthy and the president and democrats and republicans in congress. It actually got twothirds of the vote here in the house, and yet here we are so much later, some eight months on since june, we have not been able to finally pass the budget for the fiscal year that weve been in for the last five months. Liz i dont envy you, but i respect all of you for at least, hopefully, trying. We will follow it. Congress marneing, thank you congressman, thank you. Thank you. Liz what youre seeing, again, on the screen is President Joe Biden on the ground, brownsville, texas, speaking with customs and Border Patrol agents. And we are, just so you know, very, very close on following former President Trump. Hes about 10 minutes away from eagle pass, the area on the border. He will stop there and speak with Law Enforcement as a well. We have cameras there. So its this dueling president ial visit to the border. All right, any moment now when former President Trump arrives, we will take you there. In the meantime, the markets on this last day of february, yield, you want it, you want yield with your investments but intimidate dated by the process of investing in corp. Bonds . Blackrocks bond king rick reider standing by rah ready to name investments that are pushing the etfs steadily higher. 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Unnecessary action hero unnecessary. Was that necessary . No. Neither is a blown weekend. With paycom, employees do their own payroll so you can fix problems before they become problems. Hmm get paycom and make the unnecessary, unnecessary. See you down the line. Liz treasury yield withs are ending the month of february lower, so you can see here an intraday picture, not a month to date. At the moment they are moving higher, at least for the 2year. We have definitely seen this picture reverse over the past couple of hours. When we started the show, yields were down. Finish right now were looking at the 2year up 1. 7 basis points. Inflation, as measured by the pce, did moderate last month, and thats what caused the initial dive in yields. Take a look at this 2year and a closer look, hitting it lowest point since february 20th. The 10year yield is a similar story. Its hitting a 2week low although now down just 1 basis point on promising data from the feds favorite inflation if gauge. Came out this morning. The headline pce, known as the personal consumption expenditures index, and the core pce which strips out volatile categories like food and energy came in line with expectations with core pces annual growth the low since march of 2021. Make no mistake, folks, inflation is still here, its just rising at a slower pace. Thats called december inflation. Atlanta Federal Reserve president Rafael Bostick saying at an atlanta fed banking conference saying he still expects a cut this summer if, but todays pce confirms a path to the 2 target, were not there, will be an uneven, bumpied road. Then chicago Bank President austan goolsbee, seemingly more dovish, at an event sponsored by