there needs to be enough in a bond and plan nothing i bond and enough ceqa if you have named project in a bond in advance of what you actually pull the trig exert vote to if you on a ballot. in the case of d ph i don't know if enough of this is formed to if we were to stick with the current skechld d ph has a very, very clear list of projects in this 310 million dollars. we when the helling searches are. a lot of planning gone into them. design and working druings on them. it is in the and ceqa done on named projects. as compared to a more they need money to yet named projects. i say that to my friends hor all equal low concerned about today which is sea level rise and climate change and addressed them in some things. we did this level of work relating to the sea wall bond for prospect a for port. but we need to dot advance work of drilling down. if you vote for this this is had we will spend the money on this is not been we are not ready, yet. if we add this for march bond them is my high level sponse and i think we heard that gives d ph more time to get their duck fist a row as wel

there needs to be enough in a bond and plan nothing i bond and enough ceqa if you have named project in a bond in advance of what you actually pull the trig exert vote to if you on a ballot. in the case of d ph i don't know if enough of this is formed to if we were to stick with the current skechld d ph has a very, very clear list of projects in this 310 million dollars. we when the helling searches are. a lot of planning gone into them. design and working druings on them. it is in the and ceqa done on named projects. as compared to a more they need money to yet named projects. i say that to my friends hor all equal low concerned about today which is sea level rise and climate change and addressed them in some things. we did this level of work relating to the sea wall bond for prospect a for port. but we need to dot advance work of drilling down. if you vote for this this is had we will spend the money on this is not been we are not ready, yet. if we add this for march bond them is my high level sponse and i think we heard that gives d ph more time to get their duck fist a row as wel

within this bond. lydia said we can target many of the rehab of affordable thouz house and look at that as a way to drive climate change and thoughtful about that. we can work on this together. there is on going conversations. the other thing that has not been talked about is also this is meant to address and talk about home addressing the homelessness crisis. and some of proposals out there mitalked about this last time. the idea of renovating an existings build when you dot math it come down to the one on polk street and 500,000 a bed. only 40 of those are private. and there is other opportunity out there to look at. we have a single the idea of tiny homes the idea to do individual units that are more private and more easier way to transition people to existing buildings we do loseos and rehab the properties and look at ways to ensure we have an existing and utilizing the existing housing stock. some of that will be talked about in the next item. appreciate supervisor mandelman for bringing that forw

who bought all these bonds?0 billion is a huge amount, well, technically, yes , it is a record of private investments, and more of them are involved. unfortunately, they were dug up by the national bank. and it happened that the ministry of finance raised the yield on securities, especially in foreign currency, the yield on the dollar became 4.75%, the yield on the euro became 3.9%. they bought our banks on the fact that to fix the yield is almost 5% per dollar, this is very , and this is a very good and correct deal for the banks, first of all, the deal is therefore a classic of the genre, they raised the rates on bonds for these bonds, there was a huge demand for them, they bought them, they broke the record for attracting really at the beginning of the war this is precisely the answer to the question that you asked andriy, what to do with dollars, including buying domestic loan bonds , military bonds denominated in dollars. they bring a fairly significant yield now, yes , and it is very interesting that the m

to buy , domestic loan bonds, military bonds denominated in dollars.hey bring a fairly significant yield now. well, it is very interesting that the ministry of finance attracts currency despite the fact that in our country now it seems that everything is fine with the currency, gold is the largest foreign currency reserve of the national bank has been accumulating since 2011. mykhailik , why does the ministry of finance only have currencies, but the answer is a simple future repayment, that is, the currency of the nominated currencies of their circulation is certain amount, most of this amount is on the balance sheets of banks, it is money that people put on deposits, and a significant part of it is delivered to them in bonds of the domestic loan, and when these bonds are repaid, they are expected in the near future, such a noticeable repayment, then the ministry of finance comes out the day before with such a large, large offer of these same types of foams are bought, then it is repaid and as a result , again approximately the same thing. returns on e

we'll send you our exclusive bond guide, free.ith details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-286-4286. that's 1-800-286-4286. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh alix: -- we will get the data in four hours. emily rowland, john hancock investment management chief investment strategist, do we have one, do we have signs of one? emily: we will know more later today. but some of the data is not showing a deterioration in bank lending. loans are off for the fourth straight week at commercial banks. we are seeing a normalization in terms of trends and deposit -- deposit flows in banks and bond spreads acting conta

wanted to go off the gold standard it says that all bonds shall be redeemed in gold. 5-4 decision. chief justice charles evans hughes said this is unconstitutional because congress cannot say that it will not pay back the bonds in gold. nevertheless, there is no remedy allowed because mr. perry is only entitled to the dollar amount, not the weight in gold. this is a huge marbury versus madison case. as to the treasury bonds, congress cannot say they will be paid in gold, but the guy is not entitled to remedy because there is no circulating market for gold and cannot demand he received more money -- receive more money than the bond entitles. host: they were getting a ton of this on constitution.org. what are the most common questions? guest: the questions you are asking now. can the president raise the debt ceiling on his own? why was the clause originally passed? these are absolutely the right questions. viewers, go to the interactive constitution center's website. it is so meaningful to be able to learn from these experts and make up your own mind. you can go to the website, read

the bonds. for moiz as well, there had to be some education in terms of the earthquake safety and emergency response bond to understand it collapses. the bonds. part of the issue with support services and chief serrano's report there is a whole section on the bonds one thinks about how can all of this work be handled by a unit like chief serrano and more support in this. chief nicholson, it is i great idea and serves the were of us separate thanksgiving out so you can deal with the bonds. because there is vast responsibility with that. so00 eye think this is a great idea. material is comprehensive and there is, let. at this point did you want to introduce your team here? >> suburban. if they would not mind. >> you want to, gentlemen, you want to approach the podium and at least -- give us a little something so that at least since you are here as well, >> >> i'm scott mur an project manager at public works. recent hire i start in the november. and previously i worked for a large engineering compa

city resilience, bond. but i don't know the dollar value that the city will commit to the seawall program. here's what we spent today of just the bond. the majority has been spent on the planning engineering design. this is, um only through 2022. we have spent in the last few months. uh, another five or so million and issued another five or so million in contract task authorizations. so this is pretty much all it does say there's a 3.8 in encumbrance. that full balance bond balance of 6.4 has now been committed to the program. so as soon as we get this money from the next bond sale, we're going to start issuing additional conference for the ch, um, task. excuse me, ch two m contract. and this is just sort of a table of what the other two, um, pipe charts showed. um again. you can see all the expenditures to date, although this is from 2028. there is no more balance. everything has been, um appropriated. the. your ministers the negative balance in appropriations for seaworld program labor. um, and that was .

uh, it's fair to radin to say that here's the amount invested in corporate bonds , usually bonds.t really grows if we have a bank loan - this is today. it's 63 or leon in general. yes, corporate loans. e the same volume e, investments in bonds. uh, as soon as from the side of uh, banks are 19 trillion, that is, they buy uh bonds that enterprises issue, they need a variety of instruments, but it is important that these instruments are really interesting for enterprises that attract money and investors who invest in them and here above this tool. of course, you need to work to work. because if the questions are not answered, the fact of the matter is offered. such a half-capital-semi-debt hybrid, right? e, it seems that the idea is to tie payments to revenue. she m-m good, but suppose the company gets into a difficult situation at some time , costs do not grow. it is at a loss, that is , the proceeds are greater than the costs, from which it will then pay this guaranteed income to the issuer of securities. what are the consequences if the company is not able to pay this debt and her

of silicon valley bank where the bond market issued zero bonds which was a little bit unnerving but wehought that was much more related to issuers saying we're going to sit on the sidelines. we do not need to step into this mess. we can wait it out and see and a lot of that is because they were proactive last year even amid the market volatility and issuing a lot of bonds and that two way flow is indicative of credit conditions while they tightened, they are not necessarily rolling over it at this point. katie: joining matt brill of invesco and will smith of alliancebernstein. you focus on high-yield. let's start with the moment we are finally starting to see when it comes to spreads. where back to one 50 basis points on investment grade. for a closing in 500 basis points in high yield specifically. do you think there's more to go when it comes to this whitening? will: we do think there are risk that sprays could continue to widen. we are in this period now, a transition period, of moving from inflation concerns to recession concerns. there is a chance that banking volatility or some o

the puppet bond _ car. you are... you are a real bond expert. the puppet bond fan. - car.s a scar, a jacket, a white cat, tank full of piranhas, a base inside a volcano. it has some great sequences and has a brilliant soundtrack. sean connery wasn't... he wasn't 35 any more, shall we put it? there are elements that have not aged well but for me, going to see it as a boy, that was so exciting. before we let you go i have to ask you who you think the next bond should be. i you who you think the next bond should be— should be. i think it should be? i really like _ should be. i think it should be? i really like james _ should be. i think it should be? i really like james norton, - should be. i think it should be? i really like james norton, but - should be. i think it should be? i really like james norton, but as| should be. i think it should be? i. really like james norton, but as we know, if anyone is ever mentioned as being in line, you know they won't being in line, you know they won't be james bond. being in line, you know they won't be james lbond-— being in line, you kn

market, and tend of the bond market.ere in terms of the debt ceiling and a lot of those other catalysts that we'll have coming up in the next few weeks. >> it's cinco de mayo. that's why i see modelo and corona all over the place. you know where i'm going have a great weekend, everybody. i'll send it to "overtime" with morgan and john. >>> our first positive day for the market in a week a big rally today, but that's the scorecard. wall street's actions just getting started. i'm morgan brennan with jon jonjon jon fortt. we'll talk to jared isaacman on his read on consumer spending. >> and we're awaiting the latest data on bank balance sheets from the fed. yes, which comes after another wild week for th

our next guest says the bond market will be paying close attention.. >> melissa, thank you for having me >> what does the status tell you exactly, and what do you do with it >> so, tomorrow, we're going to get the composition of what the treasury is going to issue, but stepping back briefly, the -- at 3:00 yesterday, we got the quantity, and that quantity was extremely large. and signaled that the deficit is rapidly increasing, and -- which has implications of the debt ceiling, and also, that there's just approximately $1.2 trillion of bonds that are going to be sold between now and the end of september. >> so -- sorry, when you get this data, what are you looking for exactly -- >> right >> and how does that inform your sort of trading strategy >> sure, so, tomorrow, we'll find out what the composition of that $1.2 trillion of bonds is and that could be all bills, which would have very limited implication on markets, or it could be weighed heavily to treasury bonds, which would have quite a bit of implication to bond yields, as you tried to attract --

we'll send you our exclusive bond guide, free. bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. title 42 expires at midnight tonight, tens of thousands, if not hundreds of thousands of migrant on the other side of the border waiting to walk across. carolyn is in texas on the side of the border. is he getting tense down there? it ought to be. >> definitely getting crowded. take a look around, folks here 800 to 1000 migrants was able to find a place in a shelter so they've taken right cross, plagues, tarps and turn them into tents outside the catholic church. the numbers are down from yesterday things to stepped up enforcement by agents. migrants are waiting for tomorrow night when title 42 expires.

after a lackluster year for stocks and bonds in 2022, high quality income and t-bills and bonds are shining bright and offering better returns over u.s. equities. the three-month t-bill rising to 5.28%. highest since january with the rate higher on earns with companies in the s&p a new note from davis research pointing out after a decade of t.i.n.a., let's dive into this with lee baker. >> good to see you. >> let's talk about bonds. we were hitting on the yield with the three-month and one-month yield higher than that short-term bonds is higher because of that yield. tell us what witis the percenta right now today and how does it differ from a year ago >> the typical client has crept up we talked about the 60/40 portfolio. over of the last decade, it has been difficult to get the kind of yield we need from the 40%. there was more allocation to real estate to get that yield we need from the 40%. because of what has happened in the last 12 to 15 months, we have been able to go back f, if you will, a decade ago, and do allocation it is attractive to people with the volatility to say listen, i

most are well funded and also underall under-allocated to bonds that is all bonds. if treasuries rise like they have, they start to become pretty close or a good percentage of the benchmark. it makes sense for those pension funds to reallocate. we think there is a deep bid for bonds that did not exist 20 or 30 years ago when we did not have the explosion and retirement and requirement to set aside funds. >> where are the buys coming from short end? long end >> that is the great thing about those investors. >>> t-- investors, they want to be ultra long term we think the 30-year is capped now it is obvious because the economy is slowing even in the beginning of the year, we felt it capped at 4%. most funds are at 7. 4 is a good percentage relative to that and risk free dollar >> jay, what are you doing with portfolio protection we mentioned the risks with inflation and possible recession. >> we buy income security. large cap dividend stock it is also worth mentioning that mlps are under valued. there is a merger acquisition by one oak magellen we think they are under

a lot of people are talking about corporate bonds. any in particular you are eyeing we don't get particular about corporate bonds. >> looking at many of the industrial names and companies with the strong balance sheets w that is what you want in this environment. rock solid balance sheets. not only are we in the debt ceiling scenario, after this, we will look to see what the federal reserve will do at the next meeting or perhaps the next meeting afterwards the market is wondering if we with will-- if we will have mor rate hikes or recession. quality strong corporate bonds and treasuries how do i say this? we have the luxury of being in the equity market, but also having protection from the bond market >> let's talk about the broader markets. two very big earnings reports. one nvidia the biggest one for the quarter. the read on the consumer with best buy what did those reports tell you? >> it tells us that, you know, the question mark regarding a.i. because many have said this is not new. we had a.i. working with consumer services for

we'll send you our exclusive bond guide, free.h details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: border patrol agents released thousands of americans without a court date and that was in one day. matt feehan in el paso, texas joins us now. does the administration want more of these releases? >> the biden administration is in a legal battle appealing a federal judge ruling who prohibits migrants from being released unless they have a court date. the by demonstration wants to release as many as possible under its policy which would release a migrant on the honor policy. the biden administration is arguing in part there is too many migrants to properly process and we are now

you're not supposed to make more money in a treasury bond over supposedly completely safe corporate bondthere is lot of imbalance. a lot of risk off exiting the bonged market moment. you're seeing yields push so much higher. like the vix, treasury yields suggest the market is getting nervous about that you're seeing some in the equity market but it could get significantly worse unless this thing gets resolved. by the way i think it gets resolved early next week. the reason why timing, they want to go on vacation. they don't want to worry about that and go on vacation. charles: whatever makes them patriotic, right? we move this out of the way. we get rid of the bigger issue haunting this market for a long time. i'm asking adult version of every kid asks on a family trip are we there yet? is the fed done yet? you say maybe. you compare the effective fed funds rate which is now above the pce. is that the magic formula for you? >> it is except wages are still too high so they're not done yet. i think they have another hike in june but -- charles: but they can't bring wages down, phil. >> tha

within this bond. lydia said we can target many of the rehab of affordable thouz house and look at that as a way to drive climate change and thoughtful about that. we can work on this together. there is on going conversations. the other thing that has not been talked about is also this is meant to address and talk about home addressing the homelessness crisis. and some of proposals out there mitalked about this last time. the idea of renovating an existings build when you dot math it come down to the one on polk street and 500,000 a bed. only 40 of those are private. and there is other opportunity out there to look at. we have a single the idea of tiny homes the idea to do individual units that are more private and more easier way to transition people to existing buildings we do loseos and rehab the properties and look at ways to ensure we have an existing and utilizing the existing housing stock. some of that will be talked about in the next item. appreciate supervisor mandelman for bringing that forw

>> bonds, we were going to have our investors lease a portion of bonds.ou do want to make sure you have that piece of safety built in or if there's something unexpected or a recession later in the year, you can use that as a rebalancing tool to buy back into the markets even certificates of deposit are paying better than treasuries right now as opposed to corporate bonds at least for individual investors because there is that additional risk. corporate bonds are going to be more volatile. if it's protection in your portfolio, that's what you want to have in place. >> i think you're leading me to my next question we have this risk. what are you advising your clients to do to protect your portfolios in what's really a volatile time right now? >> that's where treasuries and certificates of deposit are what you're reaching for. i'm not saying you have to, but have a piece of that in your portfolio, so we're very optimistic you're going to want to be invested for that upswing. that being said, when we look at bon bonds, you're looking shorter term this is wher

rad of sedav and samait news agency , more than knowledge foundations, with the issuance of sukuk bonds in the capital market, the vice president of innovation and prosperity fund facilities said that knowledge foundation companies can get the support of 100 up to 300 billion tomans, a coordination with the capital market has been carried out, the symbol under the symbol of innovative sukuk bonds in the capital market is defined by the party coordinating with the central bank that the banking network of the country should take possible action and minimal bureaucracy to guarantee the issuance of these bonds. planning for the year 1402, close to the 15th year, the purple knowledge-based companies should issue their bonds and actually make a serious contribution to the financing of these companies in order to make the country's economic growth based on science and technology better and have a better balance of the economy. and the laws of the domestic technology company, successful by using agricultural waste, organic liquid fertilizer producer, the use of this reduces the costs of farmers

what we found was the bond was only stronger. we wanted to look at different issues and i found that californians all team together, republicans and democrats, to see that plan. maybe we can take some technology to help our own state. we watched that working together. as i stand here with your next speaker of this press conference, this is not our first time here together. we have been many times. there was one moment in time that we had about 20% of congress with us. i look forward to continuing that. with what we signed today, i look forward to those representatives and the knesset coming to america and working with our congress. we look back 75 years from now and they think what could israel and america's bond look like, i hope they answer the same as today. bigger, stronger and better than they could ever dreamed would happen. that is what happens when we work together. i want to introduce the representative who has been a longtime friend of israel, a longtime friend of mine. we may come from different parties but we are both

basically, treasury bills trading like junk bonds.are not talking about junk bonds but treasury paper. is there any buying opportunity here in your eyes? barry: difference between 7% and 4% --peter: the difference between 7% and 4% is not an impact on your return. if you're talking about five-year high-yield, that is something. people do not want to hold these securities in case they default but we are talking about one week or two week paper and not giving much of a signal other than people are doing the prudent thing and saying i would rather not own this if it is one that is not getting paid. katie: definitely point taken. people don't want to hold on to this paper, should there be a default? out seriously do you think investors should be hedging that possibility at this point? barry: i don't think they should be, but you just started the hits on the argument to the point i just made it that there will be a liquidity event that will reverberate to the markets. what the fed expects and what a number of market participants expect is

the bond only stronger. we went to walk out to look at different issues and i found californian teamed altogether to go see the deceleration plants. that maybe we could take technology to help our own state. so as i stand here with your next speaker of this press conference, this is not our first time here together. we had been many times. there was one moment in time where we had about 20% of congress with us. we look forward to continuing that. and with what we signed today, look forward to the representatives of those coming -- representatives of the knes set to come and meet with our congress. we look 70 up -- 75 years from now i hope that we can say what we said today where the bond is bigger and stronger than we expected. with that i want to introduce the lawyer who has been a longtime friend of israel and a friend of mine. we may come from different parties but we are both americans and we both have the same view when it comes to israel. create the strongest bond possible. with that, i give you repres

the united states cherishes this unbreakable bond with israel. i'm proud as my country recognized your country 11 minutes after it declared its independence, the first country to do so. [applause] >> but our special relationship is even closer. it's more personal and powerful than we might even realize. you know, this point was driven home to me last night by a very thoughtful gift from your speaker, it was a gift of a picture of a story i did not know, of an israeli pilot training in the city of bakersfield, california where i was born, where i was raised, where i live, where i represent. there's a story behind this picture though. more than 75 years ago on the eve of the israeli war of independence, a female flight instructor and a patriot named elinore ruddnick organized a training program for israeli fighter pilots at her airfield in bakersfield, california. now, in all there was only 13 volunteers, including two women who took this grueling course. only three finished. now technically, the program was illegal because israel didn't exist as a

if the bonds are suffering, the equities will have significant headwinds. last time we talked, scott, i thought the stock market was okay, it could go to 4200, 4300 or so on the s&p we can't seem to bust above that i think we've been sort of at this trading range for a sufficient length of time, my picks suspicion is we'll break to the down side because of this trieffect tao you that you just played that jay powell was alluding to. i think risk needs tore very carefully managed. >> after svb failed and we had you on, you know, when we were worried about who is up next you said the fed thought it had enough tools in the toolbox to fight edge flation and dial with the flare-ups. you said the fed can't have its cake and eat it, too you get the idea from the fed chair that they still think that they can, that they can deal with whatever issues come up, they think the bulk of the flames, if you will, have now subsided i think that jay powell was a lot more confident two press conferences ago than today he seemed tentative to me in terms of his conviction of wher

there is huge divergance between stocks and bonds right now. bonds are calling for recession.icing in double-digit earnings growth. something will be wrong. underweight long-term bonds. underweight stocks. they're expensive. hide out in t-bills, let's figure out what happens. let the data come through. that is how we're positioned at 314 right now. >> like it, ready to pounce either way. warren, appreciate it. >> thanks for having me. charles: a lot of retail remembers up today except for one, biggest discount, dollar tree getting hammered. one of the biggest reasons why is theft. it is completely out of control. now it is cutting into their bottom line. but the left is pushing a narrative that it is "greedflation" we should be worried about. larry kudlow will set the record straight in studio next. ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if sh

meet gold bond healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers and 3 vitamins, you can pay more but you can't get more. gold bond. champion your skin. >>> just about 15 minutes to go now before the closing bell. let's get back to pippa stevens now for a look at the key stocks she is watching, pippa. >> hey, scott. well, arista is firmly in territory as names that could benefit from the ai boom analysts are largely optimistic it could deliver the high performance high capacity infrastructure that ai requires. that stock was less than 1% from its all-time high at today's session high, and it's only a few minutes away from its best week since 2021, up more than 17%. >>> and atmos filtration technology shares come into spin off and raises at least $275 million in its debut. that makes cummins one of the largest ipos in a year like this so far it opens at $20.67 after pricing at $19.50. scott, back to you. >> pippa, thank you. >>> last chance to weigh in on our twitter question we ask ydo you agree with tom le that the s&p can hit

we'll send you our exclusive bond guide, free.bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry about planning for a third kid. you can still play golf... sometimes. take control of your financial future to empower what's next. >>> we asked is the market too reliant on mega tech cap performance? the majority saying yes. in fact, the market is 79%. up next zoom reporting results in just a few minutes in overtime the key metrics to watch when those numbers hit the tape top banking analyst mike mayo joins us to break down jpmorgan's investor day. w

i think from the bond market it will be a focus. can these guys are worried it will lead into the other market. i think what you said makes sense. there has to be a relief in the rally until the debt deal is done, but then you have to look at it from there. and with yield rate so high people can take the beeline and -- if they are concerned. that adds another nervousness where it is easier to jump into risk off. so i think it will matter especially if the fed does not cut rate. s. alix: to that point, and i was wondering with the three-month t-bills that changes. you say i will put that somewhere else. that changes the dynamic of where things are going -- flowing. guy: i do wonder what market that money belongs to. alix: does it go back to tech? guy: maybe. i think it did for a short term. the other point that is raised is that we now have a more hawkish sounding fed. and now pricing in a 40% possibility that the next meeting delivers a hike. thomas turbulence of a -- how much turbulence from a hike with that deliver to the market?

we'll send you our exclusive bond guide, free.h has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: shares of activist investor carl icahn company, icahn enterprises falling nearly 15% at this hour, following a allocation made by hindenburg research that it used ponzi like infrastructures. bill ackman weighing in on the accusation. what is it like inside of icahn enterprises right now, charlie? >> i should point out at the top, i put a call into carl's assistant, no comment. called carl's residence he thought maybe he might pick up. i haven't heard back. these are my sources that purport to know what is going inside of icahn enterprises. it is owned 88% by carl. there is public float. the guy says carl borrow es against his holdings. sells issue of dividend. he

mark: i think it's because of the bond market. if you look at the bond curve, and the messages you are getting from the derivatives market, traders are cautious and worried that the fed has gone too far. the problems with the regional banks, the slowdown of the u.s. economy, the chance of a slow or soft landing is not going to happen. the bond market sees a high risk of a hard landing, or a recession. that is something that has been going on for a while, a tug-of-war between the fed and the bond market. the equity market is steering towards the view of the bond traders, there is more risk on the downside than the upside. jerome powell may not be able to do the things he is hoping to do. we have heard him say when we reached the rate plateau, he wants to hold it there. here we are, that's exactly in line with the dot plots. the dot plots only say rate cuts come next year, no rate cuts this year. the bond market disagrees. somebody is going to be right, somebody is going to be wrong. the equity market thinks the bond traders are clo

coming up, more details on pfizer's massive bond offering. it's raking in over 85 billion dollars in orders. an incredible book building. the sale lining up to be one of the biggest ever in the ig debt market. details next. this is bloomberg. ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. matt: this is bloomberg markets. i'm matt miller. pfizer today is in the u.s. high-grade bond market with huge deal putting it among the biggest ever. bloomberg news is reporting the pharmaceutical giant is tapping the market for about 30 billion dollars to finance the acquisition of the biotech company, see jen. we just learned a few minutes ago the order book topped $85 million. joining us is bloomberg -- the bloomberg credit reporter. tell us how this ranks in terms of book building. have you ever heard of someone building and $85 billion book? x i think order brothers discovery got a little over 85 billion

in bonds and savings accounts.ket we have active investors, but they have been as cautious as they have been the last 12 months we monitored them and there is defensive as they have been the past 6 to 12 months. hopefully they will play offense because there is a lot going on. >> today is all about the debt deal the thing we will talk about assuming the deal gets done is the fed. what are readers thinking? >> they wonder what the next move is with the fed they are looking at the fed watch tool they are asking that question. what happens when the fed continues to raise interest rates or stops they are looking at what happens next over the horizon. a lot of people are hoping for a pause. they want to put money to work >> caleb silver, good to have you in the house don't leave me hanging great to he see you. >>> still on deck here on "worldwide exchange," the next steps in the debt ceiling deal the next fight with mccarthy and the president to get this alde over the finish line much more after the break. i'm bill lock

in the bond market. look at the 10-year treasury that is moving higher than yesterday. the 2-year treasury is moving higher we are keeping in mind the yield above 4% that is something to continue to watch. s als-- also the inverted yield curve. this morning, we are paying attention to the short end of the curve. take a look here the one-month moving higher. the two-month moving 26 basis points higher. something we continue to watch the shortened of the curve more on that in a moment >>> we are watching the energy markets, specifically oil. below $80 a barrel flat this morning at wti brent crude is below $80. natural gas is moving hi highehigh higher .76%. >>> time for a check on the markets in europe with joumanna bercetche who is tracking the action overseas. good morning >> frank, a lot of breaking news let me bring you the headline inflation print which has come in for april in line with estimates little increase from the month before at 6.9% more crucially, the core inflation number excluding food an

bonds.cus on inflation, the starting point is now 5% or 5.25% interest rate yields. this recess the bond market and is why you have seen a loss of flows and interest rates come back to bonds. we had a several year long period of zero interest rates. we talked about the lack of yield. so you are seeing a restoration of bonds because -- tom: i am going to steal that world. restoration of bonds. lisa a: the issue is we are looking at the practicality of it which is getting yield, and the practicality of the data, which is the economy is still strong. the two ideas are in conflict with each other where we either have to see the fed stepped in more aggressively to bring things to where they want, where you have to see something change in terms of peoples assumptions of longer-term inflation rate. what data are you looking at if it is not the labor market report or what the fed said this week? this does not seem to matter anymore as people hunkered down with their narratives. >> let's come back to