the paychex ceo with gives us his feel on the real state of play in the market and whether the labor report might just be flawed and that it's actually better than the it looks. while hiring disappointed, the used car market and the stocks that capitalize on it are blasting through the roof. how fast are those for sale signs being ripped off the windshields? the ceo of online used, online car company carvana is here. and with app stores in the headlines everywhere, right, we're going to introduce you to the queen of apps, perithat gupta. she is here to tell us how she's gotten more than 100 million millennials hooked on her latest app creation. >>> fox business alert, the biggest miss in history has wall street economists shrinking in embarrassment. that blockbuster unemployment report they were all expecting a million plus jobs added to the economy not only didn't materialize, it looked like one big april fools' joke with only 266,000 jobs added. but that did not seem to worry janet yellen who said she did not think the additional unemployment benefits play a factor in keeping worke

that, she could not believe that, and i said here's the situation, i am the business under, i signed paychex, i have created jobs, i have built the economy. you have never done that and you have no right to introduce the green new deal that is going to destroy our economy. [cheers and applause] then she told me something i did not know, she said, well, i have launched restaurants in new york. [laughter] she has launched restaurants in new york. here's the deal. guess what. she did not own one. she did not work to the past year where they could barely keep their doors open and many of them closed down. she has no clue what it is like to try to bring customers in, try to make and keep your employees on the payroll and pay the rent and pay the bills and hope to god that maybe you have a little money left to pay yourself. [cheers and applause] she doesn't understand that, but she has a degree in economics and has launched restaurants before. rep. matt gaetz: she is not the favorite member of congress. that goes to adam schiff. this guy, the lies pour out of him, and what i wonder is did they thi

leader schumer said he had been surprised by how effective bernie sanders push for putting 1400-dollar paychex in people's pockets, not surprising as opposed people really like getting free money. and his argument is, if the democrats can make a difference in people lives this year, that they're going to remember in 2022, is he right? >> i do not know we will see. there's a saying in washington, never mistake a referendum for a mandate. the chief of staff who i think is behind a lot of the big ambition, he felt that obama did not do enough and did not do it fast enough. they wanted to get as much as they can, do as quickly as they could do it before they start to settle and. here's the thing, it's not just this issue. i think the inflation issues very real. the house republicans had not use it lose a single incumbent last year. they got really good recruiting this time around. and they got something to push up against that's going to be one, histories on their side. the president usually loses members of his own party during that first midterm. and don't forget maybe we'll talk about this next

banks, for instance, as internal data they can look at to see how credit card spending is going, what paychexke. everyone has unique data sets. but everyone has their own view of this trend of birth. the question is that trend of growth. the question is if that turns out to be inflationary or not, i do see a transitory pickup in inflation. but if you look at the market and what it is rising in the collect dust -- what the market is -- pricing in, it tells you that this is deflationary and not long-term inflationary. lisa: a lot of people look at the jobs as pointing to how much ground we have to make up. yet i think of the jobs deficit and how difficult it is to understand, because the economy has changed in the past 14 months. on these jobs may not be coming back, or they may be coming back in a different way. how are you accounting for that? how big of an influence over your calculation is that? carl: anywhere from lumber pricing tower semiconductor pricing, to labor market pricing really, there are mismatches. an economy that is here and toward growing 2% is hitting double-digit growth rat

paychex ceo.il. >> becky, good morning you are seeing the compare over last year. a big hit last year. also a very big increase march-to-april we saw that as you mentioned leisure and hospitality as restaurants open up and other hospitality venues open. a big increase in not only in the jobs, but seeing wages pick up you probably noticed it is difficult to find employees right now and get them back into the workplace. especially in the jobs you are seeing wages wick up a bit in the leisure space to encourage people to come back. schools are not open and it is difficult to get people back in those jobs as they open up >> schools are not open full-time. schools are open, but maybe not on an every day basis. it is not on a full-time basis that may be something we don't see a return to until next fall sdpfall >> right that will be challenging until the fall you are seeing a lot of part-time pick up and temporary help pick up right now we are seeing that really accelerate as we would expect as we are s