that levitt did that were wrong. bob look at that. the only thing that never did that would be to 1st want to admit to. no black shalev. own black celebs. and that. is disgraceful. to some fighting alongside a black man willing to die for his country. and he can't buy a house next to me and live again. and then i don't make any sense from. right now we were looking for a place. where we like the advantages of. comparison to other cities. and we understood that it was going to be all white we are very happy to. move in you come to this neighborhood you know in me too deep it's different. to nonchalant. it's no new census but it gives you a feeling of how and sending. i was struck by how familiar it felt it was a connection to levittown that they both developed as post-war suburbs. i believe going in he built these houses he really built these houses for the veterans coming home from the war it was hard for him to get financing for these houses because they were so different the whole social part was his design. and. even and so don't i

the idea that came to a man named bill levitt what this wind up mass produced the elements that go to make up all the auto industry does with the parts that go into a new car. when i was living there it was at a very particular moment and that was coming out of post-war trajectory and that created the need for that type of housing. returning to that you can house for as little as $600.00 down and that $99.00 a month and that is primarily because the federal government plays in sharing your market space. you have the g.i. bill intrudes in construction of new homes so the whole idea is your government wants you to have a home so this was an easy way to sort of jumpstart the housing industry and make homeownership possible without those subsidies lower middle class families would never been able to afford to massive movement into the suburbs that we saw in the late 1940 s. 950 s. soon to be 966. i was a police officer in the national county and we were the swat team as well. who i'm going to say you know to story about sticking your tongue out of the way folks in the middle of the window

brian levitt, how much cash is really out there? when invesco sits down and cast chelates -- and calculates the investable cash, is it a lot? i am not looking for a number answer. i'm looking for something friday scientific. brian: it is a lot. it is ginormous. even if you think about the amount of money that is just sitting in government related bonds, you're looking at a few trillion. add it all up, there's a substantial amount of money sitting on the sidelines area you had far more money go into fixed income strategies versus equity strategies. yields have come up a bit, but nonetheless, the fed is still telling you they want to inflate away a good percentage of it. you are getting zero in money markets. the fed once greater than 2% inflation. ultimately, i think that money continues to find its way into equity markets and credit forget a lot of the support on the fiscal side is going to end up in markets. if some of it is finding its way into middle income household pockets, that is going to find its way into markets, so i would

robert levitt does he is closer than ever to the old time buddha's league goal scoring record heat already $932.00 times this season and ahead of this clash which took god's. hands afternoon started with a sick back when our phones 0 davies was sent off for this challenge and still calls wataru ando any hope that guests may have harbored of a shock result were dealt a blow shortly afterwards though when surge cannot pre-set up leventhal ski for his 1st of the afternoon. after a smooth passing move in the 20 seconds minute can operate himself doubled by n's lead the 3rd goal in the space of 5 minutes then followed when thomas miller crossed full of adults who converted with a perfect be placed head. by owens 4th the striker complete a 1st half hat trick with his 35th bundesliga goal of the current campaign games left 11 though still looks a safe bet to equal or even surpassed good morning record of 40 goals in a single season. i don't want to think about it too much i need to stay patient and do my job how many goals i need to school that's a secondary concern at the moment that's the thing

the fed does not expect to hike rates until 2023 joining me now is brian levitt thank you for being herek >> chairman powell's conference. were there any surprise for you? what is your take on his comments of transitory inflation? >> no surprises on my end. the 10-year rate today and the bond market expecting less dovish and rates moved as a result of the dovish comments. this fed has been telling us they expect to keep interest rates low for the foreseeable future they are not ready to taper assets they believe the pressures are transitory the reality is if the vaccine continues to go as they seem to be going and we prevent another wave, there is a lot of demand set to hit the economy short-term inflation could be in store as a result of that. the fed wants to see through that and they do believe that the long-term structure force hasn't changed we are away away from full employment they expect to keep policy easy for the foreseeable future >> let's talk about the present. 10-year yield above 1.7. a lot of people are nervous for sure what signals are you getting from the bond market and

henrietta levitt or elon musk? levitt was at the foundation of her understanding of how stars are born, live out their lives and die. and in terms of what stars are made of. before she came around, we really did not know for sure what was going on inside of stars. she came round, locked all the data figured it out she's when the early pioneers of the 20th century of enabling and empowering an entire branch of physics to take hold. that's important. elon musk is also important if the helps is get into space cheaply. when you ask what's more important on a bicycle right? the steering well or the -- everything matters in order for the whole thing to move forward. so i embrace it all. kennedy: one of the great things you in bracing this book, cosmic queries, is one of the things we don't know. in any other field to be incredibly frustrating. at some point you're banging your head against the wall. it is the un- known that keeps a bull like you, philosophers of science, plaza physicist it's what keeps them going. you ta

them provides hope to millions of filipinos already weary of the pandemic jim duggan al-jazeera the levitt on where they see a province northern philippines. south africa's government is in his coronavirus instructions and orders of in place for the new single job johnson and johnson vaccine 11000000 doses have been ordered with the 1st 2800000 set to arrive within the next 3 months businesses can now reopen although a nighttime curfew from midnight to 4 am will remain in place. millions are in lockdown in brazil's capital to help ease pressure on the hospitals many a capacity with coronavirus patients the 2 week lockdown as i'm going to sun with hundreds protesting against the restrictions that comes as the number of deaths from the virus 250000 out of. the firing the latest restrictions hundreds protested in front of the governor's mansion in brazilian sunday with one clear message. and the lockdown governor we want to work listen to the voice of the people we want to work we want to work. angry at the latest lockdown imposed on the city to stem a rising wave of infections left hospitals

in the next hour, brian levitt, invesco global market strategist.eard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm ritika gupta. the first top-level talks between the biden adminstration and china were bound to be confrontational. the question is, can the two sides find a way to cooperate? in alaska, different mats from the world's largest economies criticized each other -- diplomats from the world's largest economies criticized each other on everything from the virus to trade. the biden adminstration is considering whether to impose more sanctions to block construction of a gas pipeline from russia to germany. the nord stream 2 pipeline is almost complete. the u.s. may sanction the project's parent company. penalties on other companies are also a possibility. the european union has a chance to put coronavirus vaccinations back on track today. regulators have given astrazeneca's vaccine the all clear. eu governments say they will immediately resume at this during -- resume admini

lisa: that was brian levitt, invesco's global market strategist, speaking on the key debate in the marketn, will it pick up materially and will the pickup last for a long period. right now to quote conkling -- tom keene, this is a joy. heather boucher joins us. one of the key people part of president joe biden's economic policy helping to shape policy now and in the upcoming year. heather, to her for being with us. i want to start with messaging about the stimulus that has been passed. do you feel the amount of money that has been passed has already trickled into the system and people are aware of the -- what the benefits they could get will be and have been? heather: that is a great place to start. certainly everyone is aware of the checks. over 100 million checks have gone out to the american people and people understand the money is coming. there is so much more in the package to help people, businesses, communities in the country deal with the pandemic and the economic crisis. there is an increase in nutrition aid for the women and infinite -- infant children's program, the supplement

this more young people that it is in fact the good things to live in a quiet provincial place until levitt well. this is in many ways the work wendell berry has done his entire life during his essays, novels, and poems. his example suggests to me that it is perhaps first and foremost a work of poetry and art. drawing the souls of men and women toward homecoming by animating their imagination and their love. but i think the examples can also play big part in this as grandpa-dad story made clear. if not for his example of devotion to place, i would not have written this book. and so i think each of us if we can choose to serve as an inspiration to love place well into live. in my mind returning comber speaking of the importance of rootedness should not be about nostalgia. there is a place for nostalgia, and it can be a good instinct. i think in some ways it can also form as a distraction for the actual real we should be -- loving a place well means loving it for what it is with all that's broken it and advices and seeking to address those things rather to ignore them. anything less is idoliz