joining us, liv young and commentator mike santelli. liz, i will turn to you and asked the same question i asked jeffrey, does march really matter as long as we know cuts are coming? >> it matters today to the market, because everybody seemed pretty sure that is what was coming. i think the other thing about it is, the idea of a cut in march was pretty quick. it gave people the sense that we were sort of invisible-- invincible. cuts were on the table, they were going to back start it. we would not be able to go down because they are going to start cutting. now, e are coming to reality of, all right, i think but he told us today, you have not been listening. you have not been listening to what i have been saying, reading the statements. i think he has been pretty clear from the jump, from the beginning of this hiking cycle that they would rather stay too high to long then cut too early. he has not changed his tune on that. the market has tried to bully him into a different position. today, he said, i would not be bullied. we call the sho

jeremy, brian, thank you ver much mike santoli, thanks to you as well >> let's turn now to how that' halters and expected gdp repor is playing out in the bond market rick santelli joins us fro chicago with that one. our traders, rick, focused her on the growth? are they focused on inflation? >> they're focused on both it all matters at what time yo look at your watch, but time you look at the chart. so, the first question let's look at it on the tw year no yield, contessa. he gets 8:30 eastern, look a that spike it went up, up, up, two for 40 plus and then, within seconds, it disappeared! why did it disappear because it was the old one, tw punch. stronger growth, but easin pricing pressures. then, he was found to, fas forward to 1:00 eastern, where we had 41 billion seven year notes, if you look at that chart, you can clearly see, we had to pick. moving at the one before a third. you could even see a math chart, and then, at 1:00 eastern, w saw rates drop and it wasn't that it was spectacular seventh year, it was average. but it was the last option, an it was the only one between th twos and the fives of a sevens that was a smaller size than the biggest size th