Weak jobs data and new tariffs weigh on stocks

Let's just get the macro set up. Uh Steve, if you don't mind, if we can kind of characterize what we saw in the jobs report. Obviously, an undershoot on job creation for last month as well as these severe downward revisions.Uh unemployment rate sort of leaks a little bit higher and it really did change the bond market's assessment of what's to come for the Fed. I think all that's right. And it also probably changing the Fed's assessment of what's to come for the Fed.We had Raphael Bastika on. He said, "Look ...