joining us to discuss markets now, anthony chan, chief economist at j.p.n chase. >> do good morning. >> thank you for joining us. once again, sterling being hammered over the last 24 hours. do we feel the contagion for u.s. is going to be much more muted. >> i think it's still going to be muted. the pound is down 14.7% from 150 at one point right before the vote before remember there is a lot of uncertainty as to who is going to be the leader and that is very fluent and the currency is taking it in the chin. that's really the; ly equalizer this brexit situation. >> you're an economist. what is the translation of an economy that plunges 14% in less than two weeks. >> it's going to have inflationary impacts, when they kborpt stuff it's going to be a lot more expensive. prices will start to rise. it will be one of the first economies that will experience inflation in a world where we have floebl inflation. >> is inflation going to be a catalyst to see markets in the uk to suddenly change in direction and start to see yields suit up again. >> i think that will

. >> so le anthony chan for more on what he's expecting from tomorrow's jobs report. he is chief economist with chase. anthony, good to see you again. welcome. >> great to be here. >> what are you expecting tomorrow? >> i'm looking for a number that's north of 170,000. as you mentioned, the adp report was very encouraging last month, as you are well aware. that report actually exaggerated the -- the strength, and missed the forecast by almost 150,000. i don't think that will happen two months in a row. that report was strong again this month. i think will show up in the payroll numbers. >> so what happened last snunt why was it so low, 38,000? what went wrong? >> well, the adp report sometimes has a little bit of a spotty record. also had the verizon strike that basically ed about 35,000 workers. they are not counted in payrolls when they are on strike. this month they are back to work so you've got to add another 35,000. that's another reason to expect more strength. but before we panic, we know the federal reserve tells us all you need is about 100,000 or so jobs bei