joining us on the phone is kathy jones. thank you for joining us. kathy: my pleasure.m looking at our work function. i'm sure you have seen it. it looks at the odds of a said rate hike this year. july, 0%. september, 0%. surely the fed is not more likely to cut? kathy: we'll take a it cut is very likely. that will probably be one of the last choice is that they make. some sort of easing was going to be. they might choose quantitative easing over a rate cut. they have so little room to maneuver around rates unless they want to go negative. the more likely scenario is there is a hold for the indefinite future. we may not in the rate hike at all. it won't be for december. mark: what does it mean for the 10 year yield? how long before we break that record? it's under 20 basis points. kathy: there is a good chance we see that broken relatively soon. it looks like the summer months are going to be ready volatile. the safe haven bid in treasuries will. it would not surprise me if that low is taken out over the next couple of months. interestingly, if you go back to the 30 yea

i want to bring in kathy jones from charles schwab. great to talk to you. inthe last jobs report april, he said the market overlooked some sides of strength. kathy: this was a big disappointment. some of the numbers were not so bad. hourly earnings held at a 2% rate. there was a lot of disappointing data in here come especially following the last couple months. i don't think we can dismiss this as a one off. second order growth is probably somewhat weaker than we had been anticipating. what does it tell you that labor force participation decline for the second straight month? kathy: that is not a good sign. ,he prime working age folks their participation rate had been picking up a bit over the past couple of months. the ratio of that group to the population was increasing nicely as well. that would be a good sign of a healthy labor market out there and then it turned back down again. we will have to see what happens in the next month or two. it is not as good as we thought it was a month ago. shery: markets think the june rate hike is dead now. how many hike

and ceo, our coo, doctor hakim, mark jones, president of orlando regional medical center and he was incident commander for the last 3 days and shared that duty with kathyr medical center, children and women's hospital so thank you. [applause] >> before i do that i want to -- one patient originally scheduled to be with us today is unable to attend, tony sanchez is undergoing additional medical treatment and we have to remember it has been 48 hours since these patients suffered significant trauma. the health and safety of them, tony isn't here but i speak for all of us when i say he is in our thoughts and prayers. angel cologne is with us this morning. angel just underwent additional medical treatment so we appreciate that you are here and we understand if at any point you need to leave, we will make that happen. we have a number of people we are going to hear from today. we will open up for questions and answers. we will not be able to do one on one interviews because of the volume of press here today, we will make arrangements for some group interviews if you are interested. before we begin anything, everyone wants to know patient conditions, i will br

jones, our president of orlando regional medical center. and he was also the incident commander for the last three days. and he shared that duty with kathy swanson who is president of arnold palmer medical center, our children's and women center in orlando. so thank you. [ applause ] >> before i introduce members of the medical team, i do want you to know that one patient who was originally scheduled to be with us today is unable to attend. tony morero sanchez is undergoing additional medical treatment and we have to remember it has been just over 48 hours since all of these patients suffered significant trauma. the health and safety of them is our number 1 priority as explained by tony here. i think that i speak for all of us when i say that he is in our thoughts and prayers. angel colon underwent additional medical treatment. so we so appreciate that you are here, angel, and we understand that if at any point you need leave, we'll make that happen. so just let us know. we have a number of people that we're going to hear from today. then we'll open it up for some questions and answers. we will not be able to do one or one interviews, si