thursday, bill dudley will speak and on friday we'll hear from cleveland's loretta mester. >>> they speak too much but does it only cause confusion opinion bill is the chief market strategist. i've known you for years. sorry, i botched your name. good to see you. >> that's okay. good to see you. >> i think you would agree maybe the central bankers are speaking too much. >> yeah, it's like the pendulum has totally swung here. i know tyler and you remember the days back in '70, '80, early '90s when sometimes you didn't know for days whether the fed has eased or tightened. now we have gone, the pendulum swung the other way and seem like you can't shut the people up. the question is how do you deal with that. we advise really just try focus on the market. that gives you a much better sense of what's going to happen down the road. for instance, if you look at the front end of the u.s. yield curve, treasury bills, they never priced in all these tig tightens that fed was talking about. they priced in one or two tightens. in you focus on the market, i think you can block out a lot of noise and yo

there's another voting member of the fomc speaking next week, loretta mester, head of the cleveland fed, she's a bit of a hawk. three nonvoting members -- john williams of san francisco, charlie evans of the chicago fed, and the dallas fed's robert kaplan, are also speaking. all that and we'll also have the march jobs report on friday. we've had over 200,000 jobs created four of the last five months. nearly 300,000 in october of last year. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> a co-manager of the sequoia fund is stepping down. robert goldfarb is retiring following the fund's big investment in troubled drugmaker valiant. yesterday we told you valiant at one point accounted for more than 30% of sequoia's portfolio, an unusually high percentage. shareholders have lost more than 80% of their value over the past year. sequoia is a popular holding in some corporate retirement accounts. >>> investors are always looking for promising opportunities and tonight our market monitor guest found some, including two in a sector that has been under an enormou

these are all voting members, and loretta mester speaking friday at the harvard club here in new yorkloretta none to be a hawk on the fomc. right now fractional gains in the dow jones industrial average. >> bob pisani, thank you very much. plenty of economic data to digest and look forward to. let's go to rick santelli in chicago. good morning. >> good morning, sara. this morning the consumption, the spending side was revised real light. subtracted 0.4. many continue to talk about that. see if there's any implications or volatility to the numbers, of course. as steve and the gang continue to point out, none of the data is super highly accurate. you have to take a bit of an averaging view with all data. but these trends still aren't anything to write home about. look at the intraday 10, low yield made as the data was relesir released at 8:30 eastern. it is coiling quite tight. fairly close to the median aspects of the range over the month. and many continue to debate the issues of nonvoters getting hawkish. maybe they'll be more hawkish if they were voters. bob pointed out the fed spea

that's loretta j. mesteriladelphia, she was his research directdirector, goes t cleveland. if there is a move to april, i think she would go with it. i think she leans hawkish. >> we have to speed -- i have three choices, richmond, dallas or chicago left. pick one. >> richmond is hawkish. dallas is a new president, kaplan, also talked april. just came out with that. and what is the last one? >> chicago. >> chicago dovish. amid the terror attack, actually when evans was speaking, they made a few hawkish comments, few dovish ones, but yield rose, reacted more to evans yesterday than brussels. >> statement more dovish. everyone we spoke to more hawkish. you're rich. >> cnbc.com. >> check it out. full credit to kevin flynn, my producer, who came up with this game. that's his money too, so give it back to him. >> i earned this money. >> let's bring in matt maily. we talk about the fed in a second. you wrote something, you always write interesting notes. this morning, it caught my eye, you said 15 or 20 years you'v