joe: your last guest, julia coronado come i think got it exactly right.is a safe bet i think that the fed is going to be way more disciplined and way more elegant in its exit from its existing policies than last time around when it was all new. even though there is briefly a talk of taper, the market never went crazy because i think the fed, so much credibility to the market now, maybe even some misplaced words is not enough to detract investors from understanding. weisenthal, work from home, he got smarter. that is all from "what'd you miss?" "bloomberg technology" is next. ♪ emily: chang in san francisco and this is "bloomberg technology." trump defiant. the president says he is at zero risk of being removed from office from the 25th amendment. lawmakers consider impeaching him for a second time. we will have the latest from washington. twitter deletes more

julia coronado joining us now. thank you for being with us.are talking about inflation and that leads into the labor markets, the idea that we have this vast lack of jobs. what are you expecting to see in this labor report in terms of the demand for labor and how resilient it will be on the other of the pandemic? julia: i don't think we will get any signals of what things look like on the other site today. what we will see his weakness in labor demand. we are expecting a 100 doesn't decline -- a 100,000 decline. pandemic thathe we are in at the moment. it is causing shutdowns and limits on activity. that is going to be the bad news we will see clearly in the numbers. -- i learned five five or sixere are unemployment rates. what is the real unemployment rate? are we double digit and higher? julia: if we need one metric, what we really need to be looking at is the employment population ratio, in particular prime age of the population radio. -- publishing ratio. how many people between 25 and 65 are working? that is the single gauge of how health

fed rate call and the decision coming up in under an hour is joining us is brian bellsky and julia coronado the founder of macro policy perspective, and also, joppa, and we will talk about the gamestop and reddit, but, i will ask you, brian, if you are a fund manager here in this market, do you sit back and get some popcorn and kind of watch what is going on and not participate, because it is a little wild out there? >> it is, and thank you for having us, and it is great to share the fed day with savadra and julie. so i'm from minnesota and chicago is close, so i will take the chicago with the caramel and the cheese corn, and watch this happen, because it is quite frankly nothing to do with the fundamentals, and we as market pundits should not be talking about the gamestop or tesla or bitcoin being signs of a bubble, you cannot extrapolate that into being an entire market bubble. and i think that the market from the earnings perspective, and we will transition into the earnings market in the second half of the year, and the true fundamental investors know that, so this is a side show. and w