terry haines of pangaea with us today as we drive forward the discussion.pleased to inform you, i'm told, the infrastructure discussion will last well into 2028 or something. [laughter] lisa: well beyond that. we've been having it for more than 10 years. tom: i don't mean to make light of it, but it has been emergency legislation. we are getting addicted to three months, four months, let's go. we don't have that here. this is like, nine months, let's go. lisa: but we are still talking trillions of dollars. we are getting used to that. how about those trillions you would like to see to get the red sox a winning streak? tom: they really need that. now futures up to 28. what is your market observation this morning? lisa: the idea of a blowout jobs report being fuel, giving fuel to this optimism we are getting to the end of the pandemic, at least in the united states, and the divergence with the rest of the world reigning supreme. tom: we will see. futures up 22. the vix, 17.73. it is a bull market. europe closed. around the world, many markets closed. wide ope

let's bring in terry haines head of policy analysis at pangea policy analysis. headline announcement took some by surprise others not do you think it will actually come to fruition >> thanks for having me, wilford. i doubt this will actually pass. certainly democrats will want something like this. for me the bigger story here is markets have apparently shaken this off today and there's a lot of happy talk that it will never happen the concern for markets i think is that it takes months to figure that out. and it's not up to biden biden doesn't have very much political capital particularly with progressives who know the barn door is open are going to be interested in doing not only what president biden has proposed but interested in doing more remember, a lot of these folks who certainly are in the majority of the majority of the house and in the senate as well have wanted to do something that's a whole lot more than this to pay for a lot of these initiatives. and they'll be interested in doing that the other reason why i think markets should slough off the happy