ms. whitman: i certainly hope so.ng to be my president now, and there's a lot that for the be done american people in general. he will not be able to do all he said he was going to do because it will not be within his control and you cannot stop progress, which has made us more inicient with fewer people manufacturing, for instance, but he can make a real difference, and i'm very hopeful. scarlet: christine todd whitman, former governor of new jersey, joining us around arizona. thank you. joe: coming up, we will look at one place where investors in the wake of last night's big surprise. stay tuned. this is bloomberg. ♪ joe: "what'd you miss?" moves in interest rates, that's on the fed, bets on inflation. pretty extraordinary day in the fixed income rates world. what happened? where do we stand? what are the expectations of investors? >> the interesting trend we have been seeing, really since the september fomc meeting, is a componente breakeven of treasury yields. interest rates have been going up because the inflatio