 Don't worry Fed Chairman Jerome Powell seemed to indicate that as she pointed out that no matter what the president keeps saying about him when it comes to this trade fallout he's got the president's back even if the president keeps hitting him slightly below the back. We would never comment on trade policy we don't do trade it's not a responsibility of the Fed but I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment and so our obligation is to use our tools to support the economy. All right we got the market's attention we will act as appropriate. How many times have you heard that from this Federal Reserve do whatever it takes to sort of backstop the economy deal with it it is hell to pay for all this trade back and forth we've got Lizzie Wicked, Nick Donnell with us also a very good read of these markets Melissa Armo. I think Melissa what the Fed was making clear no matter the back and forth between us and the White House the fact of the matter is we're here to you know support if things go go bad right. Right which is a good sign so I'm not really sure why Trump is upset at the Fed Chairman right now at this point except for the fact that this number came out today but you know what every single economic number that comes out cannot blow it out of the water and it has it almost has when you look back so now people are getting used to it so if something just goes a little bit shy of being perfect then everybody is all up in arms when they're back talking to recession recession again rates have to be cut a half a percent. Yeah well I was just trying to look up as you were speaking there what the President's we did just today that the Fed should lower rates Lizzie they were way too early to raise way too late to cut and a big dose of quantity tightening didn't help matters any where did I find this guy Jerome well you can't win them all. That's quite well he's pretty blunt right and that's our president. Not a fan I guess. You can put him in that category. There's a debate about that about what the president's saying do we want to go to negative yield territory like Europe flattening growth. Naturally the GDP growth will go down when inflation goes down it's cost less to buy things for companies and businesses and people. I mean I hear what the president is saying however you know a strong dollar does draw an investment into the U.S. capital investment has been slow here. What we also didn't like in that job number was the number of government workers without the census were women lower let me explore that a little bit because it was still a good jobs report I want to posit that we're still at 3.7% of employment rate we added 130,000 jobs I guess they were expecting 150,000 or more. The fact of the matter is though Melissa we are down from the pace we were establishing last year doesn't worry you that you know we're not going into reverse but it's slowing. No it doesn't worry me at all when you look at companies we recently had earnings with Target and Lulu reported they made brand new all 10 highs and it's so unusual for retailers like that to to make brand new highs before the holiday season usually they lag and that's why they call it Black Friday. And that's a sentiment of a consumer right that's something you watch closely right. Yeah that's right Melissa is absolutely right you don't have a recession when wage growth is strong or job growth is pretty solid and labor force participation is solid and the jobless rate is at 50 years lows you never hardly ever have a recession with those good numbers the question is how will the trade deal be settled will the president say you know what we'll just this is a stalemate it ain't gonna get any better we know multi-nationals are leaving China the president is the answer to that then let me just the cut were they the consensus is they're gonna cut next later on this month for the Fed for the Fed a quarter point maybe more to come is that what you're buying well you know the Fed can't carry it all and you're absolutely right there is a slow down you look at agricultural exports to China plummeting from 24 billion to 1 billion of the farm built is hurting the president can easily plant a flag declare victory he's the only president who's really taken this on full force and he was right to do it critics say on Wall Street that he was absolutely in the in the right to do it no rational person can think it's normal for any country to take half another country I don't want to get into a trade argument with you but I do want to know Melissa do you think that what's going on here is something the economy can weather if we don't get a settlement or some sort of a deal before the election because the message coming from the Federal Reserve was to Lizzie's point that we're gonna do what we can but we can't go nuts here yeah I think the economy can weather it for two reasons one people are working and you can tell that because we're spending money into the court the corporate tax cuts really helped companies so even though they are the same companies though that are sort of drawing back from their higher yeah because of course they don't exactly but they knew it was a stupid question they saved money okay with the tax cuts but when you look about it we think 40 years ago in China they're like a city like Shanghai people didn't have heat they never electricity I mean China grew like like that in 40 years and why because a lot of US companies moved manufacturing to China and a lot of people may not be unwinding right and a lot of people may not know this but when you're over there they actually pay for three meals a day and housing and so the people that work there the Chinese they may get a low wage but they companies provide housing and meals for them so you know you can't have it both ways these companies have benefited by the low wages and also not paying health insurance and all this stuff all right ladies I want to thank you both very very much now to Jordan down to