saira malik, billions of dollars for your investors. what were you doing yesterday as markets melted down? saira: we are thinking about the next three months. we are looking at three fomc meetings. what that is going to depend on is moderating inflation over the demand. there are no signs of inflation alleviating. there are signs of demand reduction. we do not think the fed has been hawkish. a below average market multiple, the markets are trading down at 3600 up to 4200. we are just not there yet. tom: you invented this question. you own the high ground in chicago. is the shop saying you need to take advantage of tax-free bonds right now? saira: the good news is the fundamentals are strong from a state level. it is the higher rates that have been an issue. if you look at total return, they look really strong. that is an area that is interesting. the fundamentals are going to be in place for that sector. tom: i have to ask the unfair question of the day. do you suggest with the new research that the tax take of some of these states is g

taxpayers, i think, because the profit margins on taxes, it's going to be record tax receipt this is year sairawith muni bonds now you're getting these yields, partic particularly the high-yield. >> the greedy states, the greedy federal government, becky, taking in all that tax money, send it back >> paying taxes is a privilege >> a forced privilege. >> you know what today is? >> national doughnut day. >> national toe doughnut day it is >> you know what else it is? >> friday. >> it is friday. the birthday of mclovin in "super bad." >> no way. >> today is -- >> wait a minute the guy in the movie who had the fake id, today was his birthday on the id? >> this is what i'm told by the control room >> can we randomly mention, elon musk >> you got to wonder if there's something going on there you know what else today is? >> national blow your mind day >> no the national jobs report that number is at the bottom of the hour we will have the number, the news, the instant analysis but next, green light. california, robo taxis can take to the streets and serve paying customers. we'll give you the latest wh