US stocks closing higher as the S&P 500 hits the 6,000 mark. It's highest level since February. Yahoo Finance's Jared Blikre joining us now with the trading day takeaways. Jared.

Thank you, Josh. I'm going to call this a jobs day win because we are higher on the day, we are higher on the week, and it didn't have to go that way. The jobs report was not great. Here's the S&P 500 up 1%. Just quickly, I'm going to show you, this is a year-to-date chart. That's what I wanted to show. So just barely eeking out a new high. And by the way, these are the record highs in February, not that much higher here. So just a short distance to go. We did see the VIX coming down with the 16 handle. Look at that. Also at a four-month low, I believe. And then the 10-year Treasury note was climbing. So it's above four and a half percent. 30 year approaching 5% again, but all in all, a pretty good report. And I had a chance to discuss AI, and since we're talking about jobs, all the tech jobs, we've lost nearly 60,000 this year alone, 150,000 last year. I talked about this with Shavi Mashyaki, um, and he, this is on a sit, a Stocks and Translation episode. Here's what he had to say about the whole thing.

Then you have the emergence of AI, and it's not again yet displacing people in like kind of a direct way, but what it is doing is it's telling people, do I want to invest in workforce? Do I want headcount that might be here for the next three to five to 10 years? Do I want to invest in a management layer that has expectations? If I believe that AI is coming in a way, and we're starting to see this augmentation where engineers as an example can produce a lot more code if they're using some of these tools. You don't want to in 2025 invest in a big junior or mid-level engineering class because you'll have those people in two to three years.

So the big takeaway for me is it's not people necessarily getting canned, although that's happening. It's we're not investing in younger people for the future because we don't know what's going to happen. Another big theme this week, Trump, Musk, romance, breakup. Yes. Well, I'm going to hit it tangentially because I think we've spilled enough ink on this and video pixels. BFA, they had a brilliant chart out today, the bro billionaires versus the base. Let me just bring it up right now. In the green, we have the Russell 2000. I guess that's the Trump base here. And then in the white, we have this equal weighted index of Nvidia, meta, Palantir, Tesla, interactive brokers, Bitcoin, Arc Innovation Fund, Coinbase, and Apollo Global Management, which is our parent company, but a proxy for PE. And you can see that it is still elevated though off of the highs here. And this just kind of illustrates the vicissitudes, let's call it that way, the vicissitudes of the Trump administration, things reacting to tariff policy in various ways here.

Yeah.

Your take of it.

Another trend, I know you're thinking of. Studying the theme, weather pre-pandemic themes make it a comeback.

Yeah, I'll tell you what. NIRP, the revenge of the NIRP. That would be negative interest rate policy. We never had it in the US. We had ZIRP, which is zero interest rate policy. We had that for about a decade or so, but NIRP is something that it was experienced in Switzerland, and guess what? It is back. Also in Japan, but not there. Japan's actually going up pretty quickly, but in Swiss, we got this alpine cold bath on yields. And my take on that is it might actually be good for the US. And next week, we got these big auctions on deck. We got the three, the 10, and the 30 year on Tuesday, Wednesday, Thursday, and we need those indirect bids. We need foreigners bidding on our on our markets. Otherwise, if we don't get that, stocks could take a tumble. We've seen some of those dynamics play out over the last few weeks. So I think it could actually be a positive for the US, but I'm not excited to be to see a NIRP making a comeback in general. What did Shakespeare have to say about negative rates?

No, not neither a lender nor borrower be, I guess unless you're a debtor and you're getting paid for it.