Turn now to CNBC's Dom Chu for more on the economic impact of this bill. U Dom with news that it looks like this bill will pass a short time from now. How are markets reacting.What does Wall Street think about the impact here. So that's the lens that we're looking at all of this through Willie and to be fair, we've been watching it happen over the course of the last several weeks because the market does become for for whatever it is a kind of handicapping or discounting mechanism for everything that's devel ...

People are worried about this. It is expensive to live in New York is expensive. Live anywhere.It's extra extra expensive to live in New York City. It's fueled this massive swing to the left. And Wall Street's worried. Wall Street's worried.And you usually don't see these kind of market moves on the back of a primary election in a mayoral race. So this is not even the general election, Right. This is a primary to determine who within the Democratic Party will enter that race in November.But I think there's ...

The 'Fast Money' traders talk market reaction to Fed Chair Powell's testimony. ...

Futures are muted this morning. This after the US conducted strikes on Iran's nuclear sites for sight insights now on how this could play out in the markets this week. Want to bring in Jeremy Seagull, professor at finance at University of Pennsylvania's Wharton School of Business, also chief economist at Wisdomree.Good morning to you. I think there were a lot of people worried over the weekend about how the markets might react this morning. They seem to be reacting actually quite well.I know that you have b ...

right now. >> So whether they're less dangerous or more dangerous because you have a regime that's in peril, let's bring in David Zervos, Jeffrey's chief market strategist, to this conversation. As we mentioned, Halima is still here with us.So is Mike Santoli. David, I want to get your thoughts on this, especially given the fact that we are tonight, even though there are a lot of known unknowns, that tonight it is a muted response in stock futures and oil is higher but not surging. >> Morgan I think it's mo ...

Steve, thank you very much for joining us this morning. I I went to John Kilduff just this past uh couple of minutes and asked about what would happen hypothetically if the US got more involved and what's happening between Israel and Iran. I wonder what your take is on the market reaction to the US hypothetically becoming more involved in the conflict.Well, good morning, Dom. And uh you know that is certainly a concern. I I would say that um right now we seem to be on the sidelines.I I think I think the mar ...

For more on what's next for the markets, let's bring in CNBC contributor David Zervos. He's Jeffrey's chief market strategist. David, great to see you. Great to have you on.Um, what did you make of the market reaction. What does this tell us about the state of where we are right now in the markets. Well, Melissa, I I think you know, one, we're all trying to be uh, you know, armchair geopolitical analysts and none of us are particularly good at it.We lean on a lot of uh very talented people for their experti ...

With all that said, what do we make uh of the market reaction today. We had the typical bid for gold. We had the atypical uh lack of bid for treasuries and the markets hung in until Iran retaliated.Yeah. And it's it's amazing because a couple days ago it was like whoa, the VIX is grinding below. We're about to go south of 16 now.We're dancing, you know, up near 20. And and if you think about right, those inputs, I mean, the rallying gold. So, gold makes a fresh all-time higher right there around the May 6 h ...