tom orlik, have a great weekend.look ahead to next weekend the big economic data points -- yes, joe's favorite. the u.s. jobs report, we college. what you need to know. this is bloomberg. ♪ ♪ caroline: as we wrap up the week, it's time to look ahead to the next one. the u.s. jobs report set to be released a week from today, joe. payrolls should be coming in just shy of a million? joe: another huge number expected. i have seen some estimates that think it will be over one million, but there is the expected report card. 975 k, another 60 k on manufacturing. your change in average hourly earnings will make attention, but the low-paid services jobs collapse last year. the return of those will drag down the average hourly earnings. caroline: and whether you're starting to see it in jobs and the labor market too. joe: joining us to discuss with more is reade pickert. what are you watching next friday? reade: we are expecting a solid report next week. i'm interested in the breakdown of payrolls. while we are expecting to se

tom orlik at global economics for bloomberg has got a boom global economy off of a boom american economyjonathan: i will let the market talk for me. the dollar index last month, best month since november 2016. why? because growth in america is looking so much better to what we see out of, say, europe. how does that change for q2, q3? that is the big unknown. the bar is pretty high. tom: lisa, you have had the courage to get out before the immediate year to q3, q4, even into 2022, into this q2. it is a mystery, isn't it? lisa: the idea that we are going to see growth rates that we have not seen in the united states since the 1970's, but what does that mean for the longer-term? there is a growing feeling that there's a conviction -- jonathan: someone sounds like morgan stanley. lisa: i thing it's working. tom: let's do one more thought here before we get to mr. wilson of morgan stanley. we will look at the data as well. you mentioned earlier this good news is continued good news from pfizer. the efficacy of what their research shows out six months, out a year. the fact is and continues. jo

tom: tom orlik of bloomberg has a wonderful article today slotting in gdp off of u.s. leadership.o you synthesize america as the global gdp locomotive? how do you synthesize that into fx analysis? mark: that's a great question because it is very tricky. if someone tries to use gdp, gdp is not a great metric to look at currencies on a relative basis. one of the things we try to do is track general consensus expectations for year ahead growth. forward-looking, you can see these indicators usually once a month or once a week, and aggregate inferencing most that come from different data providers. i think what you want to think about is in that framework, that generates one of the best sharp ratios when we thing about factor performance and currencies. this is one of the things that, when you look at u.s. versus rest of the world, the world is now starting to catch up to the u.s. this is what is really tricky about covid. curves are very fluid, very hard to predict, and very hard to protect a vaccine rollout. there's a lot of great news priced into the u.s. the consensus is probably b