One of the few issues with bipartisan support in congress is heading for prime. Tonight will mark the first hearing from the House Select Committee on strategic competition between the U.S & China. We’ll explain the key national security concerns at stake, and why the chief economist of the China beige book says these are baby steps in solving our problems. Plus, China’s reopening is giving stocks in that region a boost, and sparking global growth hopes. But MKM’s Michael Darda disagrees. He’ll join us to explain why he’s skeptical on China, and Europe too. And, $400 billion in student loan debt is in the crosshairs of the Supreme Court, with the first steps toward loan forgiveness now underway. We’ve got the latest details.

Do rates actually matter to the stock matter anymore? One of our guests says “yes,” and that yields need to stop rising to trigger a new bull market. But our own Michael Santoli says it doesn’t quite work like that. He’ll join us to explain why, and make his case. Plus, why have markets and the economy held up so well in spite of these massive Fed hikes? David Zervos of Jefferies has a theory on that. Here’s a hint: it equals about 40% of GDP.