MSNBC’s Ruhle on Market Drop: ‘Girl Power ... We Didn’t See this When Janet Yellen’ Was Fed Head

KENT Yes that s ░░░░░░░░ Steph the economy is ░░░░░░░░ We saw that January ░░░░░░░░ report last week 200 ░░░░░░░░ jobs unemployment remaining pretty ░░░░░░░░ And then we also ░░░░░░░░ that wage growth which ░░░░░░░░ definitely going to be ░░░░░░░░ into the markets and ░░░░░░░░ into some of these ░░░░░░░░ profits as they pay ░░░░░░░░ employees more What we ░░░░░░░░ seeing right now is ░░░░░░░░ re poised to enter ░░░░░░░░ territory here on the ░░░░░░░░ York Stock Exchange The ░░░░░░░░ implying its opening down ░░░░░░░░ 2 percent is what ░░░░░░░░ re looking at when ░░░░░░░░ bell rings at 9 ░░░░░░░░ This will be the ░░░░░░░░ straight day that the ░░░░░░░░ is expected to open ░░░░░░░░ the red So what ░░░░░░░░ re seeing here is ░░░░░░░░ mechanical trading some ETFs ░░░░░░░░ there but we re ░░░░░░░░ seeing shifts in the ░░░░░░░░ right now that indicate ░░░░░░░░ economy is heating up ░░░░░░░░ Wall Street will be ░░░░░░░░ at those interest rates ░░░░░░░░ new Federal Reserve chairman ░░░░░░░░ Powell as you know ░░░░░░░░ sworn in yesterday and ░░░░░░░░ investors aren t sure ░░░░░░░░ much he is going ░░░░░░░░ be raising rates and ░░░░░░░░ of course would make ░░░░░░░░ a whole lot less ░░░░░░░░ Steph RUHLE You know ░░░░░░░░ like to tout a ░░░░░░░░ of girl power here ░░░░░░░░ m just going to ░░░░░░░░ we didn t see ░░░░░░░░ when Janet Yellen was ░░░░░░░░ that seat The sell ░░░░░░░░ on Wall Street is ░░░░░░░░ a real issue for ░░░░░░░░ Trump Remember this guy ░░░░░░░░ his entire administration has ░░░░░░░░ the last year cheerleading ░░░░░░░░ markets cheerleading That is ░░░░░░░░ behavior Particularly in recent ░░░░░░░░