he is still free to fund raise for his defense and his innocence but cannot discuss the special counsel case charges he lied to congress about his communications about the hacked democratic emails. for now, judge amy burman jackson sit aside the issues surround go ahead stone s book the myth of russia collusion and whether it violated the gag order. outside the court special trump aide questioned whether the same judge could be neutral after handing paul manafort another three years in jail and criticizing his defense team from the bernanke. bench. i don t know why this judge has not recused herself but that s just me. i don t get it. i don t get especially how yesterday what she said at the manafort sentencing. it seemed to me that she can t be non-biased if they get to a sentence. neil, that s all i have got for you. stay tuned because i m sure there be more tea leaves to read tomorrow.
is for the sake of the democratic party. i think they re going to look at this particular moment, i think everything said about the comments about donald trump and plenty of other things is absolutely correct, but that s not the particular issue. they re going to look at this issue and they re going to say, you know, was the democratic party resolute in saying this has no place? because if they don t, then you ll see the democratic party go the way of the british labor party. i have to jump in, believe meer there s no risk of the democratic party becoming the anti-semitic party. i think what the issue here is apac has taken the position for years that israel, right or wrong, and if you don t accept that position you must be anti-sm anti-semit anti-semitic. that s not true. that is true. anytime that the bernanke government has done something that jay street has criticized, we ve heard apac say you re not supporters of the israel.
neil: scott martin, when it comes to the federal reserve, he was asked point blank about this. jerome powell said even if the president asked him to resign he wouldn t. what did you think of that? a good answer. he s more confident. with the market going up after his markets, gosh, you can a tribute 35 southbound points to powell and the group today. a nice little reunion with bernanke up there, too. haven t seen him in awhile. i have to forget neil: it was like a monetary avengers team. powell and like a high school reunion except i was made fun of. what is funny, too, to michelle s point, i don t see inflation anywhere. that s what i don t get about the fed. they ve been so concerned about inflation, reducing the balance sheet. yet powell talked about until today, this outlike for inflation that i don t see. i think they have room to pause here. the market is telling them to do that, if they do pause going forward, you ll see the stocks
number one it may allow wall street four fears the economy weakening. it may also rekindle fears because the number was so strong and wage growth at the end of the year was the best we ve seen in several years, could rekindle fears the federal reserve might go ahead and raise rates again early this year. it s a double edged sword as far as the numbers are concerned. on word the u.s. and china were in trade talks. it s going to be interesting. we re up 265. implied at the open. the dow feutures were up more. interest rates are jumping a little bit. we ll see what this debate looks like now. we have former fed chairs bernanke and yellen speaking at a conference together today which will make the day more
get better quality people and interesting, as well. this phenomenon more on the low end of the wage scale than the higher end where it was highly concentrated earlier in the recovery. we have more broad based gains. that s the good news for the domestic economy. mixed news on this is the wage data, the employment data is back ward looking. things like the ism index and china. we hope that we come up with something and more forward looking and we still have some uncertainty out there. today we have seen some things come together to lift the veil of uncertainty that let the markets run. i just want to remind people. i love talking to you about economics but this is your sweet spot. you are a labor economist and understand these things very specifically. typically, on a strong jobs day, you don t always see a positive market reaction because sometimes investors don t like the idea that wages are increasing because that could cut into profitability but in today s case we have the federal