monthly $100 billion bond purchasing and the jobs markets will be strong this summer heading into the fall. all right, susan. thanks so much. as susan pointed out, folks, the market fell during his commentary on the treasury yield. they spiked big time saying the fed may have to take away the punch bowl. gary kaltbaum is here. gary, you are no fan of the federal reserve. feels like this is another instance though where there s so much double speak, to susan s point. we re going to have a huge gdp, slow next year. inflation is temporary. they may remove accommodations. the stock market for a lot of folks just sold and headed for the hills. look, today is one bad day. it can change tomorrow.
are being targeted not only because they could harm the security interest of u.s. and allies but also their shared democratic values including the protection of human rights. thanks so much. steven jiang in beijing. iran s top negotiator says time may run out to salvage the international nuclear deal with tehran. he told a state news agency thursday that the next round of talks in vienna could be the last. former u.s. president donald trump pulled out of the deal in 2018, the talks have been under way to bring the u.s. back into the agreement and iran back into compliance. the u.s. says challenges remain and it s neither optimistic nor pessimistic about the talks. in just a few hours we will find out if u.s. jobs markets are picking up steam. the labor department is about to release its may report, a recent poll of economists is predicting 650,000 new jobs. that would be a huge jump from april when the u.s. created a disappointing 266,000 jobs.
the stock market. not everybody is in the stock market. we are talking about people who got a job or didn t get a job, a new job. i m saying the stock market is the best predictor of the economy and the jobs markets going forward. so i think that we re going to see an up tick in job creation in the coming months. moreover, this report did not include census workers and it also didn t take into account there s also a distortion because of the floods in the midwest. i think more likely than not those numbers will be revised upwards in the coming months. arthel: i hear you. there are a lot of sub numbers if you will, also look at people who have jobs but not really good paying jobs, there s that too. but let s take a look at how job growth has slowed down through the first five months of this year, with an average gain of 164,000 jobs as compared to the first five months with 223,000 average jobs gained, 59,000 fewer jobs according to the state department again. so again, so john, what
investment to raise the gas tax? it s a viable option. i don t support it. i don t support raising taxes. i try to find a way to use the current revenue stream we have and use it more effectively and efficiently. where was that argument during the tax cut debate? i m not for raising taxes, period. no, but using the resources we have to pay nfor it when the jct, the joint commission on taxation says that the tax bill even dynamically scored will add a trali itrillion dollars to th economy? look at the economy right now, look at the unemployment rate, i know you factor that all in. look at the jobs markets. and i ve never seen so many budget hawks in all of my life when obama was giving out phones. continued to give away and $8 trillion and now $1 trillion, it s really not going to happen,
is terrible. are you trying to tell me we cut two cents on the dollar? actually it s $45 billion worth of cuts this calendar year. that s it. that s very little. are you trying to tell me that those kind of cuts impede our capability to gather intelligence before the boston event, that they affect the jobs markets, affects the overall economy in the last month? look, i m sorry, i just don t buy it. i think it s reprehensible to politicize an event like this. gretchen: would be like on the other side if republicans said this maybe had happened because of president obama s foreign policy with regard to terrorism. that would also be outrageous. there are two sides to this fence. don t politicize an event like this. don t do it. that s opinion, okay. steve: stuart varney is going to have a lot to talk about over at fox business today, 9:20 eastern time where he takes control of that channel each and every week. all right, stewart. gretchen: coming up, boston has a message for