national economic counsel, larry kudlow, nice to see you this morning. >> morning david, how are you? and morning jim mmy >> we are good >> some what surprising reaction this morning, maybe people are looking through these numbers. give me your take in terms of the bond market reaction and consumer banking was up 1.2% but maybe business investment is slow the market perhaps someone unexpectedly kind of taking this and moving oeing on >> well, it is a blow out number and i will just say president trump's policies are rebuilding the economy. the cycle we are in is gaining momentum, not momentum i think that's extremely positive let me add the inflation rate continues to slip lower and lower and actually by the fed's own measure, the pced for inflation has dropped from 2.2% last summer to 1.4% this winter. even according to the fed's own spoke people from the chairman on down, that could open the door to a target rate reduction in the months ahead, the fed is independent. i am just...