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For you. the stock market plummeting yesterday and look where we are today. new jobs numbers are out, the economy shows that we have gained 312,000 jobs close to double what they expected and here is the dow. 685 to the upside after the seesaw we saw yesterday. apparently the fed chair is talking and saying we will be patient admitted. i had it. amid conflicting signs. investors like that his reaction with type i not aggressive. >> sandra: interesting to watch the market as this meeting begins and goes on with market reaction there will be to that so we are watching all of this gate on the dow...

I imagine you've all seen the incredible job growth, 312,000 jobs, which took everybody by surprise. estimates range from 160 to 180,000. this really took people by surprise. this is a great number. it has a lot to do with the factories and the companies that are moving back into the united states who have left and now they're coming back to us instead of being in other countries. i can't tell you what that does to other countries. i'm the president of this country. so 312,000 jobs was a tremendous number. obviously having a big impact on the stock market today. i do want people to remember th...

Sometimes a criticism is that the jobs number's backward-looking. this is about december. what's forward-looking? the china trade talks. the idea -- that is huge. the reason it plunged earlier in the week had a lot to do with apple and apple saying they weren't seeing a lot of sales in china. there is so much concerned about a global slow down, and what would turn that around? china and the u.s. back on track. that piece, i would say, is a bigger driver. >> harris: a really quick follow-up, because i treated about the spirit some of those jobs are seasonal. how does that factor in? because it'...

Not as many people consider themselves totally out of favor with the jobs market. you do have a situation where more people are trying to find jobs. that means they get counted as unemployed. we are seeing some modest wage gains. as more people come into the workforce, does that temper some of those wage gains expectations? all in all what this does mean is that the federal reserve has this perhaps more goldilocks-ish scenario of a still growing jobs market and inflation expectations that are still manageable. that's the reason why markets are reacting positively at least for now. we've got gr...

All up. nasdaq and s&p 500 are all up in similar measure. the surge comes on the same day as the government released a good december jobs report. i would warn you know that generally speaking a good jobs report doesn't result in a strong stock market because investors worry that the increasinging wa wages actually profitabili profitability. but employers added 312,000 net new jobs. this far sx exceeded prediction. and by the way, this is adjust t ed for seasonable employment. so this is not holiday hiring. this is actually a good strong number. the bureau of labor statistics which is run by ca...