joining me in our studio are kay knapp, executive director of the minnesota sentencing commission. judge robert halsey, a justice of the superior court of massachusetts. and brian faust, director of research insight law, an organization that has done a major study of sentencing disparities. mr. faust, you have studied how judges, in fact, make up their sentences. how much disparity there among judges in determining long a person goes to prison? well, jim, actually, there's a substantial amount in the research that we've done in research been reported in scores, if not of studies that have been published both before after our work. the evidence has been quite unmistakable of the existence sentencing disparity, and it has resulted both from studies that have looked at actual sentencing decisions and studies that given case history information the same for the same case to a group of judges, asking them what sentence they should give. in both kinds of studies both in our work and in work. that's been done before and after our work. the finding been substantial disparity. me give you t

especially barry knapp who i have great respect for. >> the man is not even here to defend himself. >> i'll call him later. yields are certainly a risk to markets. the last time we got up to 475, and of 2022 it was a big deal and nytime yields go up too quickly it's a big problem for equity markets and certainly an economic slowdown given the relationship between broader growth in the s&p 500 revenues, yada yada, also a bit of a risk but from my standpoint, again, so much of the work and it's not just nvidia and broad,, it's eaten and a number of companies. those that have done so exceedingly well, all of those are derivatives of the same story. if something were to happen there i don't see how it's not -- >> is the risk that the rate is x or is the risk that the rate has gone up so fast and the reason why the rate has gone up? >> of course the reason it goes up is the biggest issue. if yields are going from four to have to go five or 5 1/2 to six because the u.s. economy explodes to some miracle and everything is going wonderful and fine, that's not a problem. if it goes for and have

for the bond market i would grews great to talk with you thanks so much. >> all right. . >> barry knappght back. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. all your ambitions. all in one app. sofi personal loans. low fixed rates. borrow up to 100 k. no fees required. go to sofi.com to view your rate. sofi. get your money right. -- maria: welcome back, you users tiktok now fleeing to another chinese owned app potential ban looms it is now soaring to the top of the apple app store lydia hu with more. >> good morning, they are calling it tiktok refugees tiktok users worried about a looming tiktok ban se

barry knapp, do you put a lot of stock in how the market does day one?> well, i think that most important thing going on from a market's perspective is the treasury market, which rallied the last few days of the year, but i think that was solely a function of expensive financing over the turn to maintain shorts. there's no doubt that one of the highest conviction trades for the beginning of the year is treasury yields going up that this idea that we're struggling with debt management, we're struggling with debt and deficits. so you have a little cover late in the year but then people were able to reset shorts. so i think more so than even this mark down of the atlanta fed gdp now, the real near-term risk for equity markets, it was evident late last year in the performance of things like small caps and equal-weighted s&p is further extension of the move higher in rates. you know, we're 10-year tips to get to 2.5%. 10-year nominal rates to approach 5 back in that high that we made in '23, surely the equity market is going to struggle mightily and probably

. -- knapp --nap to me. the thing that kept him in school was the studio model where he got to learn blacksmithing and make horseshoes for his family farm and coat racks in these types of things that farmers in his community need. he thought, that's really cool. i want to do that. and you are telling me i can get a hundred $50 or 250 dollars or more doing blacksmithing work? incredible. you are telling me that if i get a trade here i can make more than that, even more if i were to leave school tomorrow? this new eight week structure where this young person got to ask what if i got out, what do i want to do, what do i want to try? we often lose the fact that school is a place for practice and trying and we turn it into a space of performance. these studios allow young people to practice and try new things. he got into blacksmithing and decided i want to go into the trades. this was a 15-year-old that was saying, i could go anywhere and work for a wage under the table. i do not need to stay in school. this is

alex knapp is here. alex, i'll start with you on the reporting. wonder if you can just help folks understand how vast the medical and the health and the and sort of the federal agencies that work in this area are. and how much more could be impacted that we don't know about yet. >> yeah. >> and thanks for having me on the show. it's important to understand that the nih is almost $50 billion a year worth of the federal budget, and that goes to research hospitals. it goes to providing care. it goes to biotech startups, it goes to collaborations with pharmaceutical companies to develop vaccines against potential pandemic threats. there's really a wide ranging number of things that it does. and in addition to disseminating public health information and making sure and tracking disease outbreaks. >> doctor anderson, i wonder if you can sort of orient us around what even falls into the category of some transition? i mean, i mean, i guess none of it when it comes to nih, because the transition landing team under a normal transition is there to make sure

jonathan knapp. yes net. all right. i just read that he's written a book called against the wealth. it looks like i'm just to. all right. it's against constitutional textualism or original originalism. and he goes back to the founders and he's a pretty good historian, i guess. i would think so. this jury. yes. and he said that they had no idea of what this thing the living constance usually is. they had no idea originalism is they thought and did divide over question of whether the words as marshall writes in mccullough versus maryland, whether the words should be interpreted broad lee or no. so then there is that word liberty. there and how broadly and when we wrote that, i did the i thought i remember that correctly and the but the ninth opinion so ninth amendment says the fact there are some listed here doesn't there aren't others. well what others what others and are they others or are they part of liberty and goldberg say, you know, the only person who violated the ninth amendment and say who four. right. you says justice black. justice black. a very literal and all these thing

. -- knapp --nap to me. the thing that kept him in school was the studio model where he got to learn blacksmithing and make horseshoes for his family farm and coat racks in these types of things that farmers in his community need. he thought, that's really cool. i want to do that. and you are telling me i can get a hundred $50 or 250 dollars or more doing blacksmithing work? incredible. you are telling me that if i get a trade here i can make more than that, even more if i were to leave school tomorrow? this new eight week structure where this young person got to ask what if i got out, what do i want to do, what do i want to try? we often lose the fact that school is a place for practice and trying and we turn it into a space of performance. these studios allow young people to practice and try new things. he got into blacksmithing and decided i want to go into the trades. this was a 15-year-old that was saying, i could go anywhere and work for a wage under the table. i do not need to stay in school. this is

altadena town council chair victoria knapp, says she's committed to ensuring the town's diversity andhe generational families, are protected. >> robin: but it won't be easy. this is all that is left of a martial arts studio of 30 years. she watched her beloved business go up in flames on live tv. >> i wasn't sure if i had a studio or not. people from out of state, students that i've had in years past, were calling me 'cause they saw it an they were crying. that just made me realize that that was a building. but the building burned, not the spirit. >> this was a little shopping center. there was a pizza store right there. >> robin: at 83 years old long time altadena resident walt butler losing everything except his irresistible spirit. >> i'm a guy who worked every day. i worked my whole life helping people. i didn't think it would happen to me, but it did. >> robin: his emotional story shared by big talk, bringing in donations and raising awareness of the historic community. >> this is what's unique about altadena. we liked each other. because we see each other almost every day. >> ro