low, making it less likely we will tip into recession my next guest is long bond joining me is alex morrislcome, alex. good to have you back. >> thanks for having me. >> you also own nvidia, so it's not like you're sleeping with the light on, but i did see the ten-year, it got back to the mid 3.80s. does this keep the fed in play >> i think it does i don't think the fed was never not in play. t but i urge caution we should. get too excited. i think that this shows the fed does need to stay on rate and they will keep them higher until they have gotten rid of persistent inflation fears >> these are the tree and six-month treasuries what does that do to the price of those >> that's great news if you are trying to harvest yield. the yield will continue to be high those are yielding 5% plus, a great place to be. particularly if you don't have a strong view on where you want your risk to be, whether it's duration assets or tech stocks might as well hang out and clip 5% >> spraiexplain to me -- what ie overarching philosophy here? >> the play we came into the year was, we wanted to be between tec

alex morris norris is a shadow levelling up minister for nottingham north. he's the mp there . and greedy developers are the problem. the size of houses and are the problem the size of bedrooms. they're not fit for families. they're far too small . lack of gardens , lack too small. lack of gardens, lack of bungalows because there's no money in bungalows . and i just money in bungalows. and i just think we've got to do that. you free up more land and you build on more , more. what are green on more, more. what are green fields, farming fields , whatever fields, farming fields, whatever it is, there's still enough beauty around the country. we're covered in greenness, believe me. fly over the country. we are covered in greenness. there's too much green in this country and we could be building a lot more. i say to you , i don't know more. i say to you, i don't know what you're all frightened about . frightened would be nowhere to walk the dog on sunday. yeah >> awful. listen we've just heard from both the government and the labour party on their housing targets and indeed on almon

alex great to see. you it will keep persisting. i think morris has it perfectly, it's a heat marathon and that is really the biggest problem. these temperatures are, extreme they are, dangerous record-breaking but it just goes on and on. that's what it's very taxing on the body, you notice all of those shots people having to work outside. they have to work outside, so really dangerous conditions, palm springs you are not getting that relief at night. most of these places are not getting that relief at night. we are not recovering, looking at temperatures near 1:19 in palm springs this weekend. let's take a look at the heat, alert because we look at 81 million people affected by the heat. where you see the killer, it's by the way the heat extends past these heat alerts. even into the northeast, we have a humidity involved, is norman northeast as well. the seat alerts them from the pacific northwest, the intermont, west the southwest extremely dangerous. the south central states into the southeast, southern miami you will be into the 90s feeling li

7:00 tonight alongside me , till 7:00 tonight alongside me, consultant alex dean and the journalist and author ella whelan morrise was asking both of you what is the definition of your definition of poverty? how would you define it? >> there are two ways of defining poverty. the first is absolute people not absolute poverty. people not having not having having enough to eat, not having enough warm, enough to keep themselves warm, not a place to stay. not having a place to stay. that's a definition that is objective , and it's one with objective, and it's one with which i agree. the second definition of poverty is so called relative poverty, which is people who are below the 60% of the median income in society at any given time. the left prefers the latter because , prefers the latter because, first of all, it means that there always big part there will always be a big part of always in of society, which is always in poverty, matter how well we poverty, no matter how well we do it propels do as a society. and it propels a narrative of inequality. indeed, fuels, a indeed, it rocket fuels, a narrative of inequality

again, as we all know alex and as long as it's the same as you, they basically have a big chunk thread, bump slick. unfortunately, there are over roads, but back in those days, um morris johnson and do not have to then, as all the stores do not have to, no one wants to prolong this conflict. we want to avoid russia, pets, and we go and therefore we are now at this very moment where the united states, i don't have any regular artillery, i'm edition anymore. just send it to your friend. this is the reason why they are sending gloucester balls to your brain. so in order that um does human mystery and this operate even rolls and explodes even more. and i guess if they are um accelerating the conflict of this right, they roll sooner or later. um, most of them are 5 projects maybe and um use other measures in order to prolong this conflict then they could do the lot. yeah. and did you on looking up the car in the discussion in poland or even planning, i'm just trying to combine wirelessly for engine boys to bring in order to prolong something. so i really hope that i'm some people in your phone to do faxes, especially well in the 2nd half the program, i want to ask the to h