Equities, downs, by a round, three quarters of 1 . Bloomberg dollar index shooting higher, dollar up against both. Fairly chunky move when it comes to frontend of the u. S. Curve. Two year, 10 basis points upside. President. Om the fed, trade narrative as well. The president saying china broke talks. He is adding that, we will see what is happening. He said the fed is making a mistake and cutting rates would not be good for u. S. Economy. Context of payroll. React tomarket stronger than anticipated number, of june, beating all 224,tations coming in at way higher. From 120 to 130. Jeffrey, good afternoon. Good afternoon. Guy what do you make of it. Markets, less than good news because of the narrative at the fed, that has been supportive. Shouldnt see too many things derailing that. We dont want to see a tightening of financial conditions. That is the bottom line. Markets still have 25 basis points priced in for july. Jeffery it is a cushion. Whatever the president wants to make of them