at issue, noises pinging from near the titanic site. the site and search area is massive. try twice the size of connecticut. time is running short. all this as more vessels head to the area. three more arriving this morning including one ship with side-scanning sonar all to reach a minivan size sub that could be two miles aabove the surface. no guarantee that the crew members in the submersible haven t already tried, if they could. fears more than half a dozen backup systems from sandbags to emergency inflatable balloons failed. all of them failed. amid new warnings that have come to light about the vessel s safety during its development in the first place. one enthusiast cancelled his plans because of those safety concerns. he never took the trip. know growing concern for the five on board this missing titan sub that did. welcome, everybody. i m neil cavuto. fox on top of a rescue drama right now that could be unfolding nearly two miles below the ocean surface. we go to moll
and call me worried. neil, as you know, i was one of the biggest whiners with mr. powell missing the mark on inflation and being behind the market. i think he s missing the market again now. i say that very simply because the ten-year yield is at 3.73%. he s headed to 5.5% and higher. i think he s playing again with a 23 trillion economy and a $166 million of us that go to work every day trying to do better for ourselves and our family. he s trying to overdo it and it worries me. neil: we should point out, the ten-year yield, a popular trading instrument a lot of car loans and mortgage loans, it s closing in at 4% at the rate its going. the year low was 2.5%. so rates are backing up on the
had these bottle necks. so i think heading into this first and second quarter we ll see the consumer using the strong balance sheet, continuing strong demand, likely put the latest covid variant in the rear view mirror that burns itself out in january. we ll focus on the fact that we have overdone it in markets because we re overreacting in a knee jerk fashion on the ten-year yield. neil: thanks very much. art referring to the ten year note a popular trading instrument. the federal reserve cannot control this rate but can set the tone to the market. the fear that rate goes higher weighed on stocks today. one day. pretty early in the year here. something that a lot of people didn t expect. they knew rates were rising, knew we could see several rate hikeses. they weren t prepared for this. we re all over that. as art said, what is happening on the covid front, the omicron
lisa: i m one of them. really a trading instrument right now. people are speculating that eventually it s going to take the place of the u.s. dollar and be recognized by governments. at this point now that s not the case obviously but it s going up a lot. if you bought bit coin at the beginning of year for $1,000, you could have sold it for $20,000. it s more expensive. you know, obviously than powerball. lisa: any tips there. i would say have you really got to know what you are doing with bit coin and got to be okay with risk. it fluctuates. it was up to 20,000, it could drop down to 7 tomorrow or tonight and go up again to 20 very volatility to dod to basically like real estate on the internet trying to break it down. yeah. i think there are better