joining us to break down the numbers what they mean for money, michelle girard and bob dahl chief equities and senior portfolio manager. michelle, a softer than expected number, the revisions in june look better. how do you interpret the jobs number? >> where you want to see it from a market standpoint. i mean it was certainly strong enough as you noted, you know, to keep you feeling good about the underlying health of the economy, but wasn't so strong that you start to worry. no, the fed might feel the need to raise interest rates sooner or more aggressively than signaling. i think for the market that fact and reinforced by the fact that the wage numbers were very low and that isn't good for workers but for the fed and worries about inflation, it is positive, they don't have to rush on interest rates. and i think that was calming for the market. >> i think so. bob, you do not make a decision based on a single data point or single tough market day like yesterday. listen, after seen significant losses yesterday, did you buy today for nuveen. you had david on yesterday, your co-worker, this

michelle girard is the chief economist at rbs securities.he is with me from stamford, connecticut. good to see you again. you do not believe the gdp number radically alters the growth profile for the second quarter. why not? change ins not much terms of growth with the exception of maybe investment was better. overall, the takeaway was the same as it had been before. aerybody is excited to see four handle on second-quarter growth. a lot of people have forgotten that it follows a contraction of over 2% in the first quarter and i don't think you can dismiss that. quarterske the two together, the economy grew only 1% in the first half, and that is disappointing. admittedly, the question is where we go from here. startings a great point, but i'm not sure we will be able to sustain that pace as you look ahead to the third and fourth quarters. >> you just alluded to this business investment, a big driver in the second quarter. how would you describe the business community's growth? >> i don't necessarily think it's as strong as we would like to se

. >> rose: and whose's responsible for that michele girard, roger, of course a lance-- also and paul boea construction coup and many other french chefs. and i think this revolution of france in the '70s started to come here early 80s in america. and today, all the young chefs who have learned with some of the most creative chefs who came to this country, are today expanding and expanding the cuisine in america here today. and i think you know, it's wonderful what we have been accomplishing, chef, in the last 20 years in america. and i think we have amazing, passionate young chefs here who have helped us elevate the cuisine. and but what's incredible is that in the past europe was the country to be asked to open restaurant in asia or other part of the world. and today they're looking in america, and the chef and the restaurant and they have to try to open in different city where they try to bring a more cosmopolitan. >> rose: which raises this question as you've heard before. so when you opened daniel 20 years ago, that was your beenee, that was where you were going to pour everything