Don't get why the Fed is cutting rates to address labor market weakness: Brean Capital's John Ryding

For more, we want to bring in CNBC's senior economics reporter, Steve Leeman, and John Writing, the chief economic adviser at Breen Capital. Steve, you go first. What do you see in the numbers besides what Rick just >> got.I mean, this is now the most important Philly Fed index ever issued, right. Because it's all we got. Um, and I do want to say a little bit more detail here.Uh, the prices paid index did go up 49.2% versus 46.8%, but the outlook is actually a little bit better. we uh the six-month business ...