Poised potentially for of for the week of losses. In the bond market, the epicenter of the headlines. 170 is the estimate on wall street. Tom we will conflate a lot of economic talk. My major message is that the market still matter. It will be fascinating to see the reaction to the jobs report. Is a good news or bad news later this morning . Tom you know how much i hate that. I get confused by it. Employment is a big deal. 170 is a generous number and the Unemployment Rate matters. Jonathan lisa, adp was bad news. Lisa if you look at the revisions they have revised upwards. Their expectation is that the whisper number is 170,000. At what point is not good news but not too bad that means economic armageddon. They are waiting for something to break the cycle. Even though we have some common markets but they are still at 4. 7 . Jonathan there is a question in a program that was what is nobody asking you about . 2024. How bizarre is that . Its weird that we just need to get through the Fou
Network please check mobile devices and for those watching own mind simply be really the speaker for everyones future reference. Still leading up program today Ronald Reagan is the distinguished fellow emeritus. [applause] and in welcoming it to the Heritage Foundation land for this program today. There is then a great deal with the policing since we have known each other for a number of years and we were both the harvard. With that section and policing they had a few years ago. But there are some is the exclusive group of the finest people who put the impact policing inside the United States. That is where policing started and as the chief of police for a brief time so bill parker and los angeles they were followed by chicago so there is no question these leaders for a distinguished group and as a person uniquely a place as excellence in this country that is very difficult to duplicate what he has done. He has headed six the Police Departments lead to largest in the company to do a ou
It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
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