we've got the nfp report now a few hours away.losely watched by the market. but why is this report so much more important than usual? >> yeah. >> well. >> first thing. >> is there's a lot of talk about whether the dodge layoffs is going to. >> impact this report. well, i. >> personally don't think it's. >> going to. you have about. >> 75,000 people who accepted. the resignation program. >> well, they're going. >> to count. >> employed until september. >> and those who. >> got laid. >> off say like 50,000. probationary employees, they're also going to. >> very likely. >> count. >> unemployed in february and in march, assuming they get. paid severance. and the survey week is also conducted in the week. >> that includes 12th. >> of the. >> month and. >> mostly most layoffs started after mid-february. well, second thing is, there's a lot. of growth scare going on. >> in the us. >> so if you. >> were to get a major downside surprise in this report, that could really intensify. >> those fears. >> so i. >> think i think the markets. >> w

the one thing that could shift this is perhaps a good payroll print today, we have the nfp at 1:30 u.ktime, consensus is for a 150 k. the rate to stay steady at 4%, but there has been attention lately on the jobless claims from federal workers, so the skepticism here is that when will we see these public job losses lead into the private sector? some are calling that not to hit until the second quarter, maybe in the market. , not this month -- maybe in the march print. tom: valerie tytel with a review of the jobs data, average hourly earnings expected to dip month on month, so what's that number within the mix. thank you for the market breakdown and preview of jobs data. let's get to the defense spend story that continues to evolve. european officials have been told that president trump wants to link the proposed u.s.-ukraine mineral steel to demands for kyiv to commit to a quick ceasefire with russia, as the west confirms that officials will meet with their ukrainian counterparts in saudi arabia next week. >> i think it will be a good meeting, i really believe that. hopefully that will

we've also got the nfp report coming out later in the week.f course, as i mentioned, that special summit in brussels, that's going to be key from a european defense perspective. now, in crypto markets, we're seeing a major rally after us president donald trump said on a truth social post on sunday that xrp. solana, cardano, bitcoin and ether would be included in the nation's new strategic crypto reserve. the names had previously not been announced. all five digital assets spiked with bitcoin surging as much as 11% were up about 9% in the latest trade. now, sticking with the tech sector, karen joins us from the mobile world congress in barcelona, which starts today with a top of the agenda. karen good morning. i'm very keen to hear what the conversation has been like on the ground in barcelona. >> juliana, just to. >> remind the audience that telecommunications is the architecture that underpins connectivity, connectivity, all important for ai. so it's. >> not. just about routers and. >> switches and towers. >> it is about how we run ai on syst