with us our friend warren myers. you're watching the constant ebb and flow of this market. what is this market telling us about -- is it even a comment on the jobs report this morning or not? >> i'll tell you, i think everyone was anticipating the number and waiting for it to decide what to do and at the end of the day i don't think it meant all that much. i think this market reaction we saw on the sell-off the last week or so and then that buyback the last few days have been very technical. i think that's what really has been driving this market. >> stand by, warren. i have breaking news from the treasury department. eamon javers has that. >> we're seeing a variety of reports that the treasury secretary has sent some communication to capitol hill saying the debt ceiling -- the deadline for that was today but now they're extending into these emergency measures and the question is how long can that last? reports are now that the treasury secretary is saying those measures can last to february 27th. not a whole lot of time here. that's largely because the treasury department

warren myers, i mean, last time you and i spoke, you were talking about this market going back to highs? >> well, i think we still have a little upward momentum to maybe reach some new highs. technically and a lot of people i have been reading talk about a sell-off, not a correction, but a sell-off, which we got. once we hit a couple levels on the s&p, 1778 basically, we turned around. they said that was the point where we would take off from there. would j . >> what changed? the pull back we had, profit taking, tax selling, the emerging markets and then it turns on a dime and we're heading higher again. >> you still have the fed underneath supporting this market ultimately. if things get terribly bad they will step in and do something so you have a floor in the marketplace. i think that floor prevented us from getting to the correction. >> does the rise in gold bother you? >> no, i think it's slightly positive in the short term. if that xhom i had goes up, i think the equity market will go with it to a point. i think both of those going up is a strong sign. >> have a good weekend. don'