No sound in earphones while recording

Hi guys

just got my USB Mic set up in Audacity. the mic is working fine and i can playback the recording and hear it fine but i cant hear what im singing while recording and before i start recording. i did turn on monitoring and i can see the fader going up but no sound through my headphones.
am i doing something wrong ?
Also i can hear some noise from the Mic. ive attached the file to listen to.
can i get rid of this in the settings ?