jpl and, now joining us, bill gross. the jobs report before we go to other issues including trade policy. this is bill gross, a make america great american -- make america great again jobs report. can those rate increases be beneficial for america? another one if these types of numbers continue. important was the average hourly earning. 2.7%. are we making america great again? from jobs in gdp, inflation moving higher, in terms of wages, the fed hawks basically think they can move forward once, twice but three times. june is the last. .ome states this goes to your work on financial repression. we get a higher rate regime. with that, higher inflation. could you see a volvo eight? higher rate?see a a 10 year yield. five-year a little bit less. they are better than zero. it is not exactly the financial repression we nuclear four years ago. it is getting better. still, we're in for a long time thatnancial repression should be around 2% real. or 75 basis points. >> i wanted to talk about performance. it has been a week in whi