Tom Keene

There is beneath the ground as well, on the bus as well.

Jono Lieber joins us now, MTA chair and CEO here in New York City.

Jono, I remember years ago in Boston, the snow, the salt, the slush drifted down

and basically shut down the large system of Kenmore Square.

Are you and your team worried about major breakdowns just because of the harshness of this?

Or is it just an emergency as usual?

Can I ask one non-storm question?

Yeah, what is so fascinating is you've been very vocal in your support of our new mayor, and you've also said that we need a lot of study of free buses.

Give us an update on how close we are to free bus service of the MTA.

Amid the storm, thank you for the conversation.

Jenna Lieber is with the MTA chair and CEO as well.

He is magnificent.

The essay at High Frequency Economics is a yield-based analysis of the economy.

It is what Carl Weinberg did at Lehman Brothers for decades.

And he was just thrilled that he could join us here this morning.

Carl, I love your research note in that you say the labor market's going to hover, but GDP may be light.

Link the two together into the first part of 2026.

but there's no promise that those productivity gains are going to continue into the fourth quarter so gdp growth may be capped if you will by the economy being at full employment right now i i really i'm more focused folks on the soggy gdp outlook of selected economists mr myron wants six rate cuts one and a half percent down down down is that a carl weinberg theme

This is Kurt Weinberg and Michael Ferroli at J.P.

Morgan.