RUSH TRANSCRIPT Now at ░░░░░░░░ feel able to start ░░░░░░░░ the cost of borrowing ░░░░░░░░ more on all of ░░░░░░░░ let s bring in ░░░░░░░░ lot chief investment officer ░░░░░░░░ about financial in granite ░░░░░░░░ California good to see ░░░░░░░░ morning Donald Trump on ░░░░░░░░ social In the last ░░░░░░░░ hour said last week ░░░░░░░░ jobs report was rigged ░░░░░░░░ said just like numbers ░░░░░░░░ to presidential election were ░░░░░░░░ What is your reaction ░░░░░░░░ his approach both to ░░░░░░░░ office of the color ░░░░░░░░ statisticians but also the ░░░░░░░░ When we think about ░░░░░░░░ s government institutions if ░░░░░░░░ re just having a ░░░░░░░░ conversation we re probably ░░░░░░░░ holding the quality of ░░░░░░░░ in super high regard ░░░░░░░░ just your day to ░░░░░░░░ conversation and then for ░░░░░░░░ reason when we go ░░░░░░░░ to question is some ░░░░░░░░ of formal way what ░░░░░░░░ happening in these institutions ░░░░░░░░ a sudden it He ░░░░░░░░ off limits so go ░░░░░░░░ sit in the dia ░░░░░░░░ here in the United ░░░░░░░░ and you ll find ░░░░░░░░ Things are extremely efficient ░░░░░░░░ you dive a little ░░░░░░░░ I think the bigger ░░░░░░░░ isn t necessarily the ░░░░░░░░ the integrity of the ░░░░░░░░ but probably how the ░░░░░░░░ is collected I think ░░░░░░░░ in general my take ░░░░░░░░ be that we need ░░░░░░░░ do a better job ░░░░░░░░ a government to use ░░░░░░░░ latest technology and the ░░░░░░░░ people to get the ░░░░░░░░ quality inputs because if ░░░░░░░░ have bad inputs than ░░░░░░░░ really it doesn t ░░░░░░░░ how how much integrity ░░░░░░░░ processes in terms of ░░░░░░░░ the results Sounds like ░░░░░░░░ hear the president may ░░░░░░░░ a point but the ░░░░░░░░ of this If it ░░░░░░░░ meant to be a ░░░░░░░░ of distraction from disappointing ░░░░░░░░ I mean is it ░░░░░░░░ What do you think ░░░░░░░░ those actual numbers How ░░░░░░░░ are they Well at ░░░░░░░░ end of the day ░░░░░░░░ think that higher interest ░░░░░░░░ is having a drag ░░░░░░░░ the economy or borrowing ░░░░░░░░ are an issue and ░░░░░░░░ you think about being ░░░░░░░░ employer if you have ░░░░░░░░ costs what are you ░░░░░░░░ do to try to ░░░░░░░░ that problem You re ░░░░░░░░ try to make things ░░░░░░░░ efficient obviously the rise ░░░░░░░░ a I I I ░░░░░░░░ read that 30 percent ░░░░░░░░ u s jobs could ░░░░░░░░ easily impacted by I ░░░░░░░░ if you re having ░░░░░░░░ borrowing costs higher cost ░░░░░░░░ doing business you re ░░░░░░░░ going to accelerate towards ░░░░░░░░ which of course would ░░░░░░░░ pressure on the label ░░░░░░░░ market I think that ░░░░░░░░ also helps coming into ░░░░░░░░ fall with a higher ░░░░░░░░ of Lower interest rates ░░░░░░░░ you think it s ░░░░░░░░ a I kind of ░░░░░░░░ that that s pressuring ░░░░░░░░ rather than terrace I ░░░░░░░░ that it certainly isn ░░░░░░░░ helping when I talk ░░░░░░░░ other business owners that ░░░░░░░░ m friends with they ░░░░░░░░ moving as quickly as ░░░░░░░░ to try to become ░░░░░░░░ efficient I think the ░░░░░░░░ of conversation look the ░░░░░░░░ effect of terror freight ░░░░░░░░ due date is under ░░░░░░░░ percent So while we ░░░░░░░░ talked about massive double ░░░░░░░░ numbers all year long ░░░░░░░░ real impact Hasn t ░░░░░░░░ up yet could it ░░░░░░░░ the future certainly but ░░░░░░░░ don t think that ░░░░░░░░ the reason that this ░░░░░░░░ jobs report is down ░░░░░░░░ lot chief investment officer ░░░░░░░░ about financial thanks very ░░░░░░░░ for joining us this ░░░░░░░░ Thank you Michelle.