ellen zentner, morgan stanley's chief u.s. economist, joining us now to give her reaction. re your thoughts on that number? ellen: i think the services side of the u.k. and of europe is going to be following behind the services side of the u.s., where we saw a reopening earlier and a lot of that pent-up demand come through, and that squeeze with price pressures coming out of that. it reflects rising sentiment, rising activity, but demand always picks up, and especially when you have pent-up demand build over more than a year's time, that can come through immediately, but it takes time to open up capacity to meet all of that demand. so very similar price pressures in europe as to what we have been seeing in the u.s., and it is probably going to continue for longer than expected. alix: for the data in the u.s., new orders hit a record and pricing at a record. do the new orders stay strong enough to be able to pass on some kind of price increases to offset those rising input costs? ellen: i think they do. there is another element of being able to pass on the prices to the end-u

tom: as ellen zentner said, the size of the labor force will be key.ll be interesting to look at the underlying data of these two surveys. lisa: i am looking for how jobs are coming back. i am looking for whether the decline that we have seen in the leisure jobs, the deficit that can still exist, whether that is still getting made up or whether we have a long way to go. jonathan: but i am looking for is how the bond market responds to whatever the number may be. in the equity market, up 10 points on the s&p 500. we advanced 0.2%. we are looking for one million, and the range is wide. the report on tv and radio next on "bloomberg surveillance." ♪ jonathan: from new york city for our audience worldwide. here comes the jobs report in the united states of america. equity futures positive. with your payrolls report, here is michael mckee. michael: we are waiting for the numbers. they are coming out slowly. we have a real surprise. it looks like a downside number. 266,000. this is going to get wall street's attention. i will tell you that. the unemployment r

jonathan: coming up, ellen zentner, morgan stanley chief u.s. economist.ur audience worldwide on this payrolls friday come on tv and radio, this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me.