welcome back jeffrey rosenberg and ira jersey, no one does that like bloomberg surveillance.ut .37%. that was my annual mistake. michael casper, bloomberg intelligence equity strategist, the only one in the building that can spell connectivity. tell me what is happening across gina martin adams world with earning revisions. how are you preparing, given a buoyant job economy for the mystery of guidance in earnings? michael: earnings revisions have started to come down. if you look at our chart book from last week, we have a net revision breadth chart, which shows the number of negative revisions versus positive revisions. that is starting to turn over, finally gone negative. tom: do you have a number in earnings growth? what is the statistic you have? michael: our consensus is close to 10%. it is a mystery where margins are going. margins are being revised, operating margins revised down. the magnitude of the miss on operating margins is the big question, where the eps number is going to end up. kailey: how much of that margin pressure do you anticipate is going to come from t

as jeffrey rosenberg said, this market is experienced. be cautious. another great comment from jake gordon who spoke saying that rallies are fun in the moment and then they are followed by a hangover. we have to see the party is going to continue, or if there will be a hangover. we could see possibly a little bit of sobering months. shery: we are saying that reflected in the treasury space. -- seeing that reflected in the treasury space. >> we saw treasury yields fall and to some extent, that fuels the equity rally, especially in the tech sector. the treasury market also is pricing -- bracing for the peak in rates. as a treasure would have to see where that got. -- where that goes. i think the real reaction to what we saw today from the fed is going to come in the next couple of sessions. shery: we are expecting a ton of data. our cross as it asia editor with her take on the market, let us get to bonnie. -- vonnie. >> xi jinping says china is facing more complex risks and challenges. the president assist the nation is entering a new phase and offers s

rosenberg, to send jeffrey clark to fulton county. what did you do with this request? >> well, really, nothing. certainly didn't send mr. clark to fulton county. but that email was the first corroboration i had seen of mr. clark had told me that that point is that the president was considering making the change by monday, january 4th. so mr. meadows's email was something awful corroboration that there were discussions going on. i had not been informed about by mr. clark or anybody else. >> i'm interested in the second request. you have is to have the department of justice lawyers investigate allegations of fraud related to new mexico. mr. rosen, did you have concern about these emails? >> yes. really, to concerns about that one. one was that it was coming from a campaign or political party and it was really not our role to function as, you know, an arm of any campaign for any party or any campaign that wasn't our role. that's part of what i have been unwilling to meet with mr. giuliani or of any of the campaign people before. and the other part was it was another one o