andrew pekosz, from johns hopkins public school of health, joins us now.g to see 3 million? are we going to see in a few weeks pretty much everybody getting this virus? andrew: it's important to note that the total case count, the official case counts are staggering and they are probably underestimates of how many cases of covid-19 are going on in the country now. it's been very difficult to really predict on a weekly basis how cases are going to go. there's some data out of south africa showing that the surges have fallen off as fast as they've increased. hopefully that's going to happen in other places as well but it's really staggering the number of cases that we have. important to note also that hospitalization rates are going up because a total number of cases we are seeing. matt: we've heard this as well from u.k. officials, but the estimates, the numbers we are talking about are likely underestimates. by a factor of two or three. it wouldn't surprise you, when i say we had 2 million cases globally in one day, it wouldn't surprise you if the real num

i thought andrew pekosz was brilliant on this. it is a different pastor 8:30 -- a different path to 8:30. lisa: especially because it seems as though the jobs market has been i don't want to say deemphasized, but has lost some of its luster on tightening conditions. we have seen them emphasize inflation. you say omicron dependent, and yet inflation is not going to necessarily subside. if anything, it could potential he get worse and disrupt supply chains even more. how does the fed parts this out if they see a real problem with inflation? jonathan: these statements this week from federal reserve officials didn't sound too conditional about that meeting on the 15th, did they? they were pretty straightforward. tom: there were a lot of people saying let's go. i know we've got priya misra in this hour, and she is saying they are not going to go. jonathan: let's sum up the price action for you this moaning. equity futures pretty much dead flat, down to on the s&p, negative zero point 03%. yields have been at the front end, down at the

tom: andrew bakaj would -- andrew pekosz would say yes. this is an america on the go. this is an america doing better. we will see that in the report today. 500,000 jobs created? come on, it is a boom economy, but there's omicron to get in the way. jonathan: the belief that the federal reserve is ready to go to speed up that paper. maybe we start to have a conversation about higher interest rates through the yield curve. we got a flatter curve this week. tom: we've got to go to the data check right now. let's do this with one statistic, the vanilla spread. the difference in yield between the 10-year and the two-year, 79.4 43. that is a telling statistic. jonathan: that is how we ended the year last year. just a total round-trip on the yield curve, the spread between twos and tens. we were talking about hopes, dreams, and memes. the hopes and dreams of q1 2021, they are gone. tom: on jobs day, it is a stew of opinion, but mostly it is a stew between a political america and i financial boom economy. lisa: and a federal reserve perhaps responding to the political reality