joining us now is anthony chan. nice to see you.e latest setback in stride and that is really what we've seen since the election with a progrowth agenda. what do you think will happen now when will that continue? >> is very clear. it's going to be another unnecessary delay of republicans , perhaps disappointment. given the fact they can afford, mitch mcconnell have to put on a full-court press to make sure they don't lose any additional voters. we heard over the weekend that susan collins has said there may be another eight to 10 republicans on the friends. that's a disappointment simply because republicans have said repeatedly they want to do health care reform before the move on. this is another unfortunate setback. >> to take brackets will continue taking this in stride? they've been able to take some of these ups and downs we've seen. >> i really think so. obviously it's an unfortunate situation for senator mccain. a big disappointment. this is not something happening because of an internal situation. this is a little more serio

chase chief economist anthony chan joining us now to talk about it. good to see you.from 800 billion to 4.4 trillion now they'll start to unwind it. janet wallin is aware of precisely why she's going to do it almost on autopilot basis very gradually because this is a huge step. >> when do you expect a gradual unwind? >> they'll start to talk about as early as this meeting when the process is going to occur. sometime in september perhaps. i think it's going to start a 6 billion as they've indicated for treasuries. 4 billion for mortgage-backed securities and increasing by 10 billion every three months. >> this kid really affects the stock market, which quite frankly has not been affect did to the downside much recently. will this be a pullback of 5%? what can derail these market but also down looking at features, we're so close to record highs. >> there is a correction coming anytime. 5% is not an official correction. certainly that corruption can occur any time. you saw on friday hitting the lowest level since the t. 93. we are going to see that volatility creep up ev

joining me chase chief economist anthony chan, along with nicole petallides live on the floor of thewhich is where we'll begin. nicole, good to see you. what is fueling the market today? >> overall i think that people have just continued to buy even surprisingly. when i was talking to one of the traders, he said i didn't even expect market to move to the upside today, up 80 right now for the dow, when you had just so many headlines. you have russia basically i can kickingç out all the u.s. diplomats. you have missiles flying. concerns on techs, have they run up too far, too fast. yet optimism is still there for long term. we saw oil above $50 a barrel. financials doing well on heels of hsbc. earnings are pretty good. that seems to be fueling at least for the near term, lauren. lauren: speaking of earnings, we've seen two straight quarters not seen in six years of double-digit profit growth. some of that, anthony chan, is because the dollar is weak, and that weak dollar hurt european markets today as euro goes up, japan, nikkei looking at worst month since march because the yen is st

anthony chan, chief economist at chase. good morning. results certainly one of the biggest companies we will see for the entire reporting season. >> it really is. the markets will see whether or not they get color in any possible production delays are things like that. the earnings much better than they were last year. you can get a little bit about the consensus running around $1.67 per share. the big focuses what can go wrong. this quarter usually assumed the quarter and given the fact a lot of people will be postponing. cheryl: the dow, s&p, four straight month of gains. it is largely ignoring all this news. markets in the election have been on fire. re: missing the bigger picture story? >> the markets are focusing on earnings. very strong in the first quarter, coming in pretty strong in the second calendar quarter. as long as earnings are good and the expectation is better to happen, maybe not even this year, but next year, markets continue to go. >> they will really start to focus on the numbers and kind of ignore the chaos in washi

>> chan: this family has gone back to 1845. >> anthony: 1845, those were hard times. chan: there was poverty, there were wars and all sorts of things, and yes they came into really hard times here because the indians emigrated from india, replaced the liberated slaves and the conditions were not very different. >> keshav: difficult times but it was a means to social mobility away from the situation in india. >> chan: and we are products of decedents of that generation. >> anthony: start with one whole duck, hack into pieces, rub with lime juice, season with hot peppers, garlic and the tropical herb chadon beni. add generous helpings of masala and curry powder. marinate for a bit then sear in oil, and then simmer in coconut milk until tender. >> anthony: man that's good, they better kill some more ducks because that is --. >> keshav: when we have it like this when we're drinking before the actual meal, it's like an appetizer but we call it cutters because it cuts the alcohol. >> anthony: right, i'm sobering up as we speak. >> anthony: so look you're all trinidadian, tri

. >> all right the june nonfarm pay rolls is on joining us is anthony chan chief economist at chase, international economist for deutsche bank. guys, good to have you what are you expecting for the jobs report and will that move the needle in terms of your expectations for a fed hike? >> we think the head line number of 210,000 and we think the unemployment rate will stay constant. but the surprise will be that wages will be inching up to 2.6 year over year it's not dramatic change from the 2.5 we had last month. but we do think that the economy is still doing well and i think to your question that this will tell the market that the economy is still moving along very nicely >> anthony your expectation is very different >> that's right. i'm looking for the numbers to get a little bit softer over the next couple of months below 150,000. and the reason for that is that it's getting very challenging to find workers some work that i've done shows that when you look at that jobs survey, remember that at one point during the global financial crisis you had 6.6 people unemployed for every jo