All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange today.

This make-or-break hour begins with the bounce back in stocks. We'll show you the scorecard here with 60 to go in regulation.

It's been a strong day across the board, as you know by now, the market reacting to Friday's jobs report and prospects for coming rate cuts.

We'll discuss all of that. Tech is leading

the way today. Every mega cap green with the exception of Amazon, which is down 1.2%. Com

Services, utilities, materials also are nicely hired today. It does take us to our talk of the

tape, the future of this rally. As new questions swirl about the health of

the U.S. economy and whether the Fed will soon cut interest rates. Joining us now at a CNBC exclusive

interview with his first reaction to last week's Fed decision and jobs report. This Jeffrey Gunnlock.

He is the founder, CEO and CIO of Double Line. It is good to see you. Thanks for being here.

Good to be with you again, Scott. So you now have the benefit, of course, of not only the Fed

decision having been made in hearing from the chair, but you have a jobs report to think about

in answering my first question, which is, did the Fed make the right move last week by not cutting interest

rates?

Well, I think that's up for debate right now.

You know, one thing that Jay Powell said, he said, one of the words he used was, we want

to be efficient in the way we manipulate the Fed funds rate.

I'm not really sure what he meant by that,

but he seemed to be relying a lot on the fact that he has two sets of inflation and jobs data

that were going to come in between that meeting last Wednesday and the one upcoming. And it was

certainly quite a week for data. You know, you had GDP that came out pretty good. And then you had the Fed meeting and lots of interesting cross currents at the Fed meeting. And then you had that wild jobs report that kind of changed everything. So I'm actually sort of glad that we took a rain check on doing it last week because you're right

that so many things have come in.

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