KNOW YOU'RE STAYING ON TOP OF THIS FOR US . THIS FOR US . SO THANK YOU BOTH. SO THANK YOU BOTH. >> AND NOW IT'S TIME TO BREAK >> AND NOW IT'S TIME TO BREAK DOWN WHAT THIS ALL MEANS FOR DOWN WHAT THIS ALL MEANS FOR THE ECONOMY. THE ECONOMY. THIS IS REPORT. THIS IS REPORT. ALEXIS CHRISTOFOROUS JOINS ME ALEXIS CHRISTOFOROUS JOINS ME NOW TO BREAK THAT DOWN. NOW TO BREAK THAT DOWN. ALEXIS , WHAT DOES THIS MEAN ALEXIS , WHAT DOES THIS MEAN FOR THE AVERAGE AMERICAN TO FOR THE AVERAGE AMERICAN TO HAVE THIS DEAL NOW HEADED HAVE THIS DEAL NOW HEADED TO THE PRESIDENT'S DESK? TO THE PRESIDENT'S DESK? IT'S A HUGE RELIEF BECAUSE NOW IT'S A HUGE RELIEF BECAUSE NOW AMERICANS DON'T NEED TO WORRY AMERICANS DON'T NEED TO WORRY ABOUT A DISRUPTION IN ABOUT A DISRUPTION IN SOME PAYMENTS. SOME PAYMENTS. REMEMBER, WE HAD BEEN TALKING REMEMBER, WE HAD BEEN TALKING FOR WEEKS ABOUT THE FACT THAT FOR WEEKS ABOUT THE FACT THAT SOCIAL SECURITY BENEFICIARIES, SOCIAL SECURITY BENEFICIARIES, FEDERAL EMPLOYEES, VETERANS FEDERAL EMPLOYEES, VETERANS MIGHT SEE DISRUPTION TO THEIR MIGHT SEE DISRUPTION TO THEIR PAYMENTS. PAYMENTS. THAT'S NOT GOING TO HAPPEN. THAT'S NOT GOING TO HAPPEN. IT ALSO KEEPS THE STOCK MARKET IT ALSO KEEPS THE STOCK MARKET FROM A STEEP SELL OFF THERE. FROM A STEEP SELL OFF THERE. THERE WERE JITTERS THAT IF THERE WERE JITTERS THAT IF THE GOVERNMENT WERE TO RUN OUT THE GOVERNMENT WERE TO RUN OUT OF MONEY, THAT OUR INTEREST OF MONEY, THAT OUR INTEREST RATES WOULD GO SKY HIGH. RATES WOULD GO SKY HIGH. THAT'S NOT GOING TO HAPPEN NOW. THAT'S NOT GOING TO HAPPEN NOW. SO THIS IS REALLY JUST A MOMENT SO THIS IS REALLY JUST A MOMENT OF BREATHING, A SIGH OF RELIEF. OF BREATHING, A SIGH OF RELIEF. THE FACT THAT WE WERE ABLE THE FACT THAT WE WERE ABLE TO COME TO AN AGREEMENT. TO COME TO AN AGREEMENT. OF COURSE, WE'LL BE HAVING THIS OF COURSE, WE'LL BE HAVING THIS DISCUSSION AGAIN. DISCUSSION AGAIN. AGAIN, ABOUT A YEAR OR SO WHEN AGAIN, ABOUT A YEAR OR SO WHEN WE HIT THE DEBT CEILING AGAIN. WE HIT THE DEBT CEILING AGAIN. BUT AT LEAST FOR NOW, THOSE BUT AT LEAST FOR NOW, THOSE PAYMENTS ARE SECURE FOR PAYMENTS ARE SECURE FOR FOUR AMERICANS. FOUR AMERICANS. SO LET'S TALK ABOUT THE JOBS SO LET'S TALK ABOUT THE JOBS REPORT US HAD AT THREE HUNDRED REPORT US HAD AT THREE HUNDRED THIRTY NINE THOUSAND JOBS LAST THIRTY NINE THOUSAND JOBS LAST MONTH. MONTH. THAT'S WELL ABOVE ANALYST THAT'S WELL ABOVE ANALYST EXPECTATIONS. EXPECTATIONS. THE PRESIDENT'S CALLING IT THE PRESIDENT'S CALLING IT A GOOD DAY FOR THE AMERICAN A GOOD DAY FOR THE AMERICAN ECONOMY AND HE'S SAYING THAT ECONOMY AND HE'S SAYING THAT THIS IS MORE JOBS IN THIS IS MORE JOBS IN TWENTY EIGHT MONTHS. TWENTY EIGHT MONTHS. THAN ANY PRESIDENT HAS CREATED THAN ANY PRESIDENT HAS CREATED IN A FOUR YEAR TERM. IN A FOUR YEAR TERM. NOW. NOW. IS THAT BECAUSE WE'RE COMING IS THAT BECAUSE WE'RE COMING OUT OF THE PANDEMIC OR IS THERE OUT OF THE PANDEMIC OR IS THERE MORE TO THAT? MORE TO THAT? RIGHT, EXACTLY. RIGHT, EXACTLY. BUT THESE WERE EXTRAORDINARY BUT THESE WERE EXTRAORDINARY TIMES. TIMES. SO IT'S HARD TO IT'S NOT SO IT'S HARD TO IT'S NOT COMPARING APPLES TO APPLES. COMPARING APPLES TO APPLES. I MEAN, HE'S LOOKING AT AN I MEAN, HE'S LOOKING AT AN ECONOMY THAT HAD TO BOUNCE ECONOMY THAT HAD TO BOUNCE BACK FROM A ONCE IN A CENTURY BACK FROM A ONCE IN A CENTURY EVENT, WHICH WAS A PANDEMIC. EVENT, WHICH WAS A PANDEMIC. SO, YES, ON A PURE NUMBERS SO, YES, ON A PURE NUMBERS BASIS, THAT IS THE MOST JOBS BASIS, THAT IS THE MOST JOBS ADDED IN THAT AMOUNT OF TIME ADDED IN THAT AMOUNT OF TIME FOR ANY PRESIDENT . FOR ANY PRESIDENT . WE ARE NOW AT PRE PANDEMIC WE ARE NOW AT PRE PANDEMIC LEVELS IN MOST INDUSTRIES. LEVELS IN MOST INDUSTRIES. AND THIS ECONOMY AND WE HAVE AND THIS ECONOMY AND WE HAVE A VERY TIGHT LABOR MARKET A VERY TIGHT LABOR MARKET DESPITE THE FED'S BEST EFFORTS DESPITE THE FED'S BEST EFFORTS TO TRY TO COOL THINGS DOWN, TO TRY TO COOL THINGS DOWN, WE'VE GOT THE HIGHER INTEREST WE'VE GOT THE HIGHER INTEREST RATES AND HIGH INFLATION. RATES AND HIGH INFLATION. NEXT WEEK OR TWO WEEKS FROM NEXT WEEK OR TWO WEEKS FROM NOW, WE'RE GOING TO GET ANOTHER NOW, WE'RE GOING TO GET ANOTHER REPORT ON INFLATION. REPORT ON INFLATION. AND IF THAT COMES IN HOT TODAY AND IF THAT COMES IN HOT TODAY WITH THE STRONG JOBS REPORT, IT WITH THE STRONG JOBS REPORT, IT COULD GIVE THE FED ENOUGH COULD GIVE THE FED ENOUGH REASON TO MOVE AGAIN AND RAISE REASON TO MOVE AGAIN AND RAISE INTEREST RATES FOR THE 11TH INTEREST RATES FOR THE 11TH STRAIGHT TIME. STRAIGHT TIME.