Color no showing correctly in program monitor

I have a problem where the colors are not displaying corectly in the program monitor.

My version or Pr is 24.6.0 and I am on a macbook pro M3 Max 14 inch with macOS Sonoma 14.6.1

It is most noticable when a clips obacity is changed and there is nothing under it. The blacks become washed out and lifted. If i render a preview it will display the corect color. Attached is a side by side view of a clip the left side of the clip is the colors on export and when I render a preview the right side is what I see while im trying to color grade (I edited these two scren shots in photosshop to show the color difrenc side by side).

The clip is at 60% opasity at the screen shot. The clip starts out at 100% opacity and then dips to 60% as the text apears. It's also worth noting that there is nothing under this clip like black video or black solid. The left side is the color on export and color when I render a preview. The right side is what I see while im try to color grade. After rendering the preview within premiere the blacks get much deeper. This problem is reminisant of mac users complaing about colors looking difrent on export due to quicktime's gamma interpritation. The big difrence here is that is all happing inside Premiere.

I was thinking the fix to this would be a new color managemnt setting as adobe has been making alot of changes in that area but i have had no sucess. Attached is  a screen shot of my color management settings.