nadia, good morning.o policy uncertainty, let's talk about payrolls, what are you looking for in 25 minutes? nadia: probably closer to 200 k, but as we have all noted, this might not have any indication of the market. i think that even though there has been credence, that is more indicative of where the job market is, and nothing is falling off of the cliff, so we will see. jonathan: so that repeated to some extent in jobless claims, as well. what kind of economy is this inheriting in 2025? nadia: you saw fourth-quarter gdp and the job market again, as we know, and despite all the tariffs we saw earlier this week, ism manufacturing finally back in expansion territory, and we have three months of new order, so that was missed to show the fact that you pushed out to see some recovery on the manufactured side of the economy, so, overall, it seems to be underfunded. lisa: which is the reason why you came in, and i will steal some of your thunder, you talked about the capital expenditure investment that big te

shorting us to discuss is nadia martin wiggen. about the developer and's of the last 44 hours. what is a change for this energy market? nadia: right now it has brought to the forefront that discussions are underway and the munich meeting from february 14 to february 16, the pressure is on europe to get its act together. what we see on the market side is equity markets already pricing in peace in ukraine. when we look at the commodities markets they are not exhibiting that same type of pressure. oil is a bit under pressure but if we actually had the real semblance of peace we would be trading in the low 70's, at least the bottom of the range we been experiencing. we would have much lower natural gas prices. so far the market in terms of the commodity traders do not believe it. brent crude is still highly backward dated. annmarie: do they not believe there be a peace agreement or they did not believe russian energy will flow as it once did? nadia: the first part is whether there will be a peace agreement and how quickly. it is impos

think so this a foot serious this about nadia? except the 00. 1. me the appointment on that obviously. but not let's 1st let me die of the cushion for the escape. let him not feeling much do monday it will fight example up there. somebody see event. and if i restricted in fucking to close by the scene was of a that i'm just have it. let me see if i see him is we want the percentage to the criminal. it seems that the difficult directly the legacy link bus chair could. is that the list, assuming pull it into it because i'm preparing the last one last thing to do monday we lymphoma to get the rest of them. when we go to the source to speak to you for 3 long could i say on the press the down, how do use to be 90? i it impacting this the 1st time. i don't know if i'm be able to, you know, to receive the fee. and i want, i'm looking into for you that you must be. i'm on my phones roll this little thing on the door because the rest of the allow her kelly. i see the new get out now for the people who are pulling up among the coverage on the local. now keep

not to nadia too much. that like you have a my around me you might be not. but i meant to ask who i'm fucked off with that. definitely thought i said of a mike way today. and i seen this done on this by the way of sort bundles within the area. got a new even today, respected political, scientific, cultural, and even church that goes into institutions. say that independent curly show was at quays. i will pop it state the even. so it was indeed a fully fledged nation state with its own voters, parliament government, leda douglas, next, and armed forces. and it was internationally recognized. name assume you the end to be loved to show up the game, but it's on the but on the me it'd be a poor experience. the of all yet. will, celine nearly china? she had missed that on that sheet that we've been trump electricity to us. lucas, down to see that these you'll see then you took my me was the prostate. ok, well, let's see you a study in your own. they loose disco program. mclee. it'd be, it was submitted to come next time was sort of based endicott below clause phys

you pretty nadia. there's the, those, there's quadrangles, are telling me that see that a young color that's good. i think it was good people. well, you know, for what i'm a suspension because they still problem and that's cuz that's kind of the idea and becoming a problem. been difficult. you know, 6, letting the familiar, you know, square, that's what i guess it goes into the gate in about half an hour per k. no, for the most part meetings must imp. okay. in the industry that i for them because they've got people they moist has been noticed, is carousel. so let's say in fast normal. so go ahead, look, ah, so you know the weight up, we're kind of that i mean the help and the one off and all that a full, especially for man. yes. let's all the same thing with the little the if you see or not, if you sent the soon, i be sent to connie castillo uninstalled, another month, day of this and the success of that. and i thought a result of the fee. if this iris got the experience, yes, there does. persona to gr

do you know that the suv, you know, since you're starting to think about this, you pretty nadia? there's the, those, there's quadrangles are telling me that see that a young color that's in color? i think it was good people. we had a program a suspension because they still problem in less cause that's going to be at the end of becoming a problem. because difficult, you know, 6, reading the familiar, you know, it's a square, that's what it gets. it goes into the gate in about half an hour per k. no, per the most fed meeting must imp. okay. a little bit into shadow that i for them because of got people. they knew it was me notice the scare seattle. so let's say and fast normal. so we're going to look ah, seeing the weight up, we're kind of going to help out and the one off and all that a full, especially for me, i'm just the same thing with the room. if you see or not, if you sent the soon i be sent to connie castillo uninstalled, another month, day of this and the success of that. and i thought i was up. i'm going to see if this iris got that experience. yes. does persona to grow?

you pretty nadia? there's the last piece, quadrangles. are telling me that. see that a young color that's in good. i think it was good people, well, you know, for what i'm a suspension because they still problem and that's cause that's going to be at the end of the cutting problem. been difficult, you know, 6 welding the familiar, you know, square, that's what they should proceed to the gate in about half an hour per k. no, for the most big meeting. must imp, okay. a little bit into shadid. i for them because of got people. den noise, to me notice the scare seattle. so let's say i'm fast normal, so go ahead look ah, see all the way up. we're kind of that. i mean the help on the one off and all that a full, especially for man. yes, the same thing was they knew the if you see or not, if you sent the soon i be sent to connie castillo uninstalled, another month, day of this and the 6 on the that. and i thought i was the see if this the address got the expediency as dentist persona to grow can for no. so play a, it says and stuff like the 50 in a low because he un

equity strategist nadia loble.d who knows, another call in about 30 minutes with trudeau. we could have this wrapped up before the day's over. >> yeah, it's a modeling to take president trump at miz words and adds to volatility and the president not being willing to negotiate and he has and the universal tariffs and that's a base case and that's a drag on the economy and we're watching those. charles: we're at 660 and a tariff shock -- 6600 and we're in the cards and. >> yeah, a and a economic growth and about a percentage point drag on growth and that'll impact earning ands so we think that would cause marks to pullback about 15% from here. charles: the federal reserve feels like it's pushed back and we know it's ultimately the most important thing and looking for two cuts this year, perhaps starting in the second half of the year and core inflation close tore target and comfortable and backdrop for a market rally. >> i think so and you heard chairman powell say they're making progress but needs more progress on i

and our friend nadia who came on at dumpling daughter, my buddy chris coombs at duck save, as you guysay, up in the boston. >> exactly. yeah. dumpling daughter is in my hometown. hometown of weston and. >> a.com striker evercore and dumpling daughter. there we go. there's our three and a half picks for the show. >> ellen, thanks very much for having me with fl putnam. >> all right, well, coming up, it's not exactly lou gehrig, but if something happens today, it could end one of the greatest, if not maybe the greatest, stock runs in history. >> crypto watch is sponsored by crypto.com. crypto.com. crypto.com when emergency strikes, first responders rely on the latest technology. that's why t-mobile created t-priority built for the 5g era. only t-priority dynamically dedicates more capacity for first responders. green bonds before they were even called green bonds assured guarantee a stronger bond with. >> the fundrise. >> flagship fund. >> you can. >> invest in the same kind of real estate investments that empower the world's largest portfolios for decades. start growing your real estate