brings me back to dan stesich, today you had a fed-head. of course it was new york federal reserve chief bill dudley said in newark, new jersey, to a business office we're not really sure if the march jobs report was a one-off or if there is true weakness or softness. we have to wait and see. then we'll decide whether to tighten rates in june. do you think we see june tightening, no way or push off to september or 2016. >> depends. it is absolutely right. the fact he said we'll see if this is one-off makes me fearful and there is something there. if the jobs report comes out strong and one following we'll see a fed hike in the june area. that is not something to be afraid of. i would rather see a fed rate hike than for them to hold back any longer. liz: what would that do to stocks, tony? what do you think? >> we i it that stocks are, we have trouble in front of you. if you look at friday, for example, the labor report, people say, okay, the weather. the weather is baked into the labor statistics already. maybe you say ports in california a