Transcripts for CNN The Lead With Jake Tapper 20131206 21:06

CNN The Lead With Jake Tapper December 6, 2013 21:06:00

having its best day all week by far. i want to bring in zain asher at the new york stock exchange, where the closing bell rang moments ago. zain, the market had not been having a good week until today. >> yeah, not at all. quite the turnaround indeed. those job numbers did come in as a surprise but even more surprising i think was the market reaction. we are finally starting to see a situation where good news does actually mean good news. the u.s. economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really begin until budget negotiations are firmly in the rear view mirror. they want to see certainty on capitol hill, of course.

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