"Get comfortable" with higher rates, they're going to be here for a while. notes Mike Davis. He discusses show futures are lower as weak China economic data weighs on global markets. He talks about how May factor orders data will be released at 10:00am ET and the FOMC minutes will be released at 2:00pm ET today. He talks about interest trends to watch which include food manufacturers and the housing outlook with mortgage rates high. He then goes over when inflation will get down to the Fed's 2% target. He also mentions how consumers' purchasing power will impact the economy. Tune in to find out more about the stock market today.