confirmed that the u.s. economy is in a good spot. absolutely. the u.s. is clearly the bright spot in the world. the u.s. economy is in good shape. we have to take into account what is happening in the rest of the world. it will be interesting to see if the effects of the coronavirus eventually come to our shores. something like 70% of the industrial production is still shut in china. we don t know when it comes back on. global growth takes a hit if china takes a hit. i think the markets may be range bound as we get through this. jonathan: joining me around the table here in new york is bob michele of j.p. morgan, priya misra of td securities, and matthew hornbach of morgan stanley. great jobs report with a big caveat. a big asterisk. all of this data for the month of january predates the scare coming out of china. how much can we read into this? priya: i think the jobs report is actually not that important. it is always a backward looking indicator. plus, we
as junk issuers jump back in. and china growth fears keeping a lid on treasury yields. we begin with the big issue another solid jobs report. these numbers are impressive. this is a steady as she goes number. there is a lot to like about this report. momentum is definitely turning in the right direction. job creation, wage growth, labor participation. these employment gains are clearly above the underlying trend. definitely trending higher. confirmed that the u.s. economy is in a good spot. absolutely. the u.s. is clearly the bright spot in the world. the u.s. economy is in good shape. we have to take into account what is happening in the rest of the world. it will be interesting to see if the effects of the coronavirus eventually come to our shores. something like 70% of the industrial production is still shut in china. we don t know when it comes back on. global growth takes a hit if china takes a hit. i think the markets may be range bound a
trend. definitely trending higher. confirmed that the u.s. economy is in a good spot. absolutely. the u.s. is clearly the bright spot in the world. the u.s. economy is in good shape. we have to take into account what is happening in the rest of the world. it will be interesting to see if the effects of the coronavirus eventually come to our shores. something like 70% of industrial production is still shut in china. we don t know when it comes back on. global growth takes a hit if china takes a hit. the markets may be range bound as we get through this. jonathan: journey around the table here in new york is bob michele of j.p. morgan, priya misra of td securities, and matthew hornbach of morgan stanley. great jobs report with a big caveat. all of this data for the month of january predates the scare coming out of china. priya: i think the jobs report is actually not that important. it is always a backward looking indicator. plus, we had this pretty big corona