for "nightly business report" i'm hampton pearson in >>> let's turn to ed keenan know. ed, the chief investment strategist at q&a. >> thank you, bill. >> so you know we have been hearing from fed officials who sound anxious to aggressively es raise the r this year. is this enough to give them pause, what do you think? >> well, i think it will not really change much as far as their course of action. you did continue to see growth and when you add back the resions to prior months overall number was pretty much in line with estimates. the wage number being a little contradicts some of the other t dat we have. we got a report last week called the eci that showed wages growing robustly,ut it shows that we are getting a job increase -- we're getting wage that it would cause the fed to overreact by raising rates too aggressively. >> as we said there was a little bit of good and bad in the report. was there anything that stuck out to you that was worrisome ot concerningll or not? >> i think it was actually a pretty solid report. i'll use thediord you in most respects. in the se

. >>> i'm hampton pearson with a cnbc market wrap. u.s.d released its latest monetary policy decision keeping rates unchanged while pointing to higher inflation ahead. the dow falling by 173 points. snap shares took a nose dive, down over 20% after a rough earnings report. fewer users for the quarter taking a toll on the stock despite ad revenue being up 62% why are over year. that's it from cnbc, first in business worldwide. now back to "mtp daily" "mtp daily." . >>> welcome back. many republicans today are probably thanking house minority leader nancy pelosi for what they think is a gift she gave them yesterday when she said this yesterday to the boston globe. we will win, i will run for speaker, i feel confident about and it myk constituents do, too. the house is absolutely up for grabs this fall. no doubt about it. democrats have a good chance of retaking it. some give their odds greater than 50% but does this kind of talk help them or hurt them? you can expect that comment from pelosi is going to show up in republican ads all over the

. ♪ >>> i'm hampton pearson with your cnbc market wrap.ll but rallying off the day's lows after a sharp fall early in the session. the dow inched out a five point gain erasing a 400 point loss. the s&p dropping six points. the nasdaq falling by 12 points. comments by elon musk during tesla's earnings call wednesday sent shares tumbling. he doned questions about model 3 production and chided analysts for questions he considered boring bone head and not cool. that's it from cnbc. first in business worldwide. now back to "mtp daily." >>> i know james comey. i know the president. sorry jim, you are a liar. a disgraceful liar. every fbi agent in america has his head down because of you. i actually think comey is lying. i think comey is a bigger liar than mccabe. i think mccabe is a situational liar. he is a bigger liar. i'm sorry hillary, i know you didn't win. you are a criminal. this is a justice department complete out out of control. it breaks my heart. >> he can with. the when you hire rudy giuliani as been are you hiring the political pun

hiring felons to ease labor shortages >> that is quite a statement and a special thank you to hampton pearsonlast bathe book with us let's get some reaction to the beige book cnbc contributor also with us. i heard a lot of moderate, ron >> the first quarter for 12 years has been weaker than expected that's a throw away number you see pockets of strength, they talk about the labor shortages, companies trying to pay more to get truck drivers, to get others to come to work. relaxing restrictions on employees. you also see some weakness in consumer spending, which is surprising, although that has shown up in some of the data as well it's a mixed economy, it's generally pretty strong. there are the uncertainties they talked about with respect to trade. those are increasingly important. >> also with us, oppenheimer management asset bill stone joins us as well. >> what did you hear in terms of implications for the federal reserve, and the markets, prices rising moderately. anything to change the game and the forecast. >> no, but i think it's generally good news, they talked about the economy getting