markets wait with bated breath s and stocks are not doing much. traders are holding back until they can dissect his every word. the tech layoffs continue as meta-platforms prepares a new round of job cuts. it will show if the weakness has expanded beyond that sector. from washington, i am kailey leinz with guy johnson. alix steel is on assignment. welcome to bloomberg markets, it is powell time. guy: i am looking at the live shot with elizabeth ward looking very animated. it will be interesting to hear what she has to say. clearly we are waiting for jay powell. he has just sat down. he has gotten up again and he needs a new chair, sitting back down again. it will be a marathon session. the market is expecting flatness. we will see whether that is delivered. the key question is how quickly will the data date powell today. we have jobs tomorrow and payroll on friday. we have cpi coming up next week with lots of things that are about to date what is happening on capitol hill. le