. >>> still ahead, david rosenberg says economic data is no longer moving stocks, and that could be al join us to explain. >>> plus celebrity chef bobby flay on his latest pet project there's your hint. >>> as a reminder, listen to us live on thgoe on the cnbc app the dow closed up 57 points. s&p 500 closed up at a new record high. these are the people who work on the front lines. they need a network that's built right. that's why we created verizon frontline. the advanced network and technology for first responders. built on america's most reliable network. built for real interoperability. and built for 5g. it's america's #1 network in public safety. verizon frontline. built right for first responders. see every delivery... every yikes... and even every awwwwwwww... wait, where was i? introducing self protection from xfinity. designed to put you in control. with real-time notifications and a week of uninterrupted recording. all powered by reliable, secure wifi from xfinity. gotta respect his determination. it's easy and affordable to get started. get self protection for $10 a month.

frankly, what i am going to do is talk to david rosenberg. k david will slice and die this -- and dice this, along with others as well. jonathan: how rents reset, particularly in cities like new york city. lisa: a study came out that said cities will see the fastest rent it increase -- the fastest rent increase when people come back. the question is how much of this cash pile people will put into discretionary spending. this is one of the mysteries, and frankly the distinguishing feature of growth estimates among economists across wall street. how much of that will get deployed into travel, into leisure, into things people can do for fun? lisa: and what happens -- jonathan: and what happens with that savings rate? 8:30 eastern time, we will get a cpi print of inflation in the united states of america. before we get there, we are going to catch up with jared bernstein, member of the white house council of economic advisors. the conversation with him is not just about the cpi story. it is also about the latest news around the j&j vaccine, with t

al that together is creating this dynamic and we can't find people >> david rosenberg joins us.t stopped all of us 2500 positions you can't fill because you say people are collecting unemployment or becoming uber drivers? what's your take and what does it mean? >> i'm sympathetic to his viewpoint, but we're in a place we've never been before. we've got -- when you look at the number of americans on at least one unemployment benefit program, it's 17 million that's a staggering number before the pandemic that number was basically a little bit more than 2 million so maybe for the time being it's difficult to entice people who are actually getting paid to stay at home i would not exactly call this a permanent situation unless the biden team is taking us to a european style universal basic income but it could well be that the benefits are so attractive that it is keeping people at home as opposed to actually heading back to work at least right now >> yeah. well, when we had the conversation about okay, raising your wages, that ceo, in fact, pushed back a bit. didn't seem to think it

york times" as quoting, carmen best, one of the leads, and chuck rosenberg, former fbi official and prosecutor and civil rights attorney david henderson. welcome to all of you. chuck, what did you think of those often pivotal closing arguments? >> i thought the state did a nice job of synthesizing their evidence, telling the jurors that the single most important thing they can do here which is what i used to tell jurors is to apply their common sense, to take the facts that they saw in the courtroom and apply their common sense. look, this is not that hard a case in many ways because we all looked at the same video, we were all appalled. once you are convinced as i am that the cause of death was a knee on the neck, everything else falls into place. so i think this jury gets it. i found at some point all of the arguments today got a little tedious, maybe that's because i grew up in the eastern district of virginia, also known as the rocket docket where arguments are always strictly limited and cases move very, very quickly. that's simply the way i was trained. but i thought the prosecution did a very, very nice job of focusin

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that was the testimony of sergeant david pleoger, who was derek chauvin's supervisor at the time of the killing of george floyd. chuck rosenbergng along with us. chuck, take us through what, in your view, is the most significant thing that the prosecution gained from his testimony. >> yeah, absolutely, nicole. look, this testimony was choppy, and it was stilted. this is not the chattiest witness i've ever seen in my life, but the prosecution got one thing that it needed, and the one thing it got that it needed is something you can also use in closing argument. that one thing is that at some point, the force that was applied by officer chauvin to george floyd was unreasonable. and here's how you use it later. it's really simple. everything else that you just saw was noise. it's really simple. in closing argument, you tell the jury, ladies and gentlemen, the one thing you do not need to surrender when you deliberate this case is your common sense. in fact, the judge will tell you to apply your common sense. so what does your common sense tell you? mr. floyd was on the ground. mr. floyd was in handcuffs. in fact, he wasn't just i