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Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t ....
A reason why it s cheap. exactly. that is a great analogy. with you should have never gone down the road of relying on chinese telecommunications equipment and never allowed the economy to become so entangled with the communist chinese economy. it s critical we start disen tangling it in sectors like telecommunications and technology. john: a small group of republican senators calling themselves the breakfast club, want to put some pressure on mitch mcconnell to make sure conservative issues are addressed in the next congress. we don t know for sure who is in the breakfast club, they will hold a news conference later this hour, senator mike bram, lindsey graham, panned paul, ron johnson, ted cruz and rick scott. do you support what the breakfast club is doing? we actually had a very good conversation of all senators, some of you just mentioned asked to have a full conference meeting. ....
federal reserve will be hiking those rates, trying to bring prices down at the consumer level. we have been dealing with 40-year high inflation in this country, and it has been tough on all. we are going to speak to larry kudlow about all of that when he joins us live coming up. we ll ask him, john, if the federal reserve might be going too far. a lot of times you don t see the actual impact of the interest rate moves for months down the road. so, are they going too far with this? that s a question we will put to larry kudlow. welcome, everybody. i m sandra smith. america reports as we roll into hour two. john: keep an eye on the fed and the markets, one of the fast-moving stories this hour. also border crisis, one week until the biden administration lifts title 42 and the border patrol warns things are going to get a whole lot worse. a democratic lawmaker from the border pleading with president biden to stop this from happening. congressman henry cuellar is here la ....