Welcome to the Monday edition of On the Tape. I am Dan Nathan. I'm joined as always by Guy Christopher Adami and EY from SoFi. That is Liz Young. Welcome people. Good morning. Happy Monday.

What up, Dan? Less of a happy Monday for Liz. I woke up in this fine city of New York City and you had to drive

in four hours of traffic from the beach. It was an interesting wake up. You got to listen to

squawking friends all morning, I'm sure, for three and a half. The beginning of it would have been

worldwide exchange, not squawking friends. So yeah, it was a long drive with everybody else in the

tri-state area. We have a lot to get through this morning because it's not that busy of a week in the market.

But, Guy, I don't know if you saw the headline on the Wall Street Journal.

We are in a new bull market.

We are up 20% from the closing low in October of 2022. Things felt really bad then. Things feel downright

euphoric, at least in the markets right now. We had the Saudis with an oil cut here. So Crude's

partying a little bit guy this morning. In general, Liz, though, it seems like the jobs report,

and it's a word that guy likes to use

often would be coldie locks.

No, please don't.

There might be people listening for the first time.

They might actually believe you when you say that.

I will tell you, I want to say without equivocation, that I've never used that term on financial

television ever. And if, in fact,

I do use that term, it's time to put my ash out the pasture. Back to you. But Liz, the all

important May jobs report that came out on Friday had a big headline number, but there was some

stuff under the hood that might give both. If you were like one of those hawks, like we're saying,

the Fed needs to continue the job, or you were in the camp of the Fed could pause, they could skip,

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