big queen may replace bonds kathy would says this is a pretty remarkable statement coming from her this is enormous because you think about gold is worth about 10 trillion because it is now hovering around one trillion so it's hovering around 50000 a coin that means if it gets this competes with gold what would would would mean $500000.00 a coin now if it takes out the bond market which is a $100.00 showing in that's $5000000.00 a coin in a bunker according to michael saylor micro strategy the entire global economy of roughly $400.00 trillion dollars worth of tradeable assets is can be hyper because not just the upside is really in the millions of dollars that is always going to be the problem right when you. 0 percent or negative interest rates and many government bonds there's someone 18 trillion in government bonds that are negative so if you have negative rates there and the junk bond market that junk bond rates are at their lowest ever is something like 3 and a half percent it's like ridiculous they're not being paid for their risk i could see why if the fed and the central banks w

on the bond market, kathy jones. on the market, amrita sen. treyz on china and everything d.c. tom: an incredibly strong lineup across all of the assets that would like to do here on radio and tv. i'm really interested in what kathy jones sees, what people are doing at schwab. jonathan: looking forward to that conversation. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market heading south for big tech. a monster fiscal plan down in washington. this is bloomberg. ♪ ♪ >> rates are going to keep rising until we get that disorderly market functioning. >> if the fed starts talking about pages and -- about tapering, i think that will be negative for markets. >> the market is looking for any positive data to continue to justify this march higher. >> there is a very strong correlation between the last two rounds of stimulus checks and the inversion you are seeing. >> half of the markets want to have better jobs data, and the other half of the market is scared of that because of the potential inflationary consequent is -- po

are we heading for a bond bear market? kathy: i think we could be over the long run. certainly think the lowest we put in, the very low yields around 0.5% on the 10 year, 0.3% on the 10 year is probably the low for a long time. but there market is price over time or yields over time. so we are looking to to five years down the road. i think yields continue to go higher as long as the economy does recover from the covid-19 crisis as it continues to do. but the magnitude of the move from here is not likely to be nearly as fast in the next leg as it has been from the previous low. jonathan: we've discussed about how self-limiting a move higher would be because of the them out of debt we have added to this economy. i remember it talking about maybe 1.25%, maybe 1.50%. we are at 1.60%. where is it in your mind? lisa: 1.60 -- kathy: one point 60% was our target from the beginning of the year, and we do see it pushing out into risk assets, but certainly, yields are not so high that we are going to see a huge economic deterioration from here unless we start to see credit spre

let's talk more about bonds and yields and bring in kathy jones from charles schwab. let's go short term, first of all, if we can in this latest leg up for bond yields to 1.72 on the 10-year as mike as pointing out is that all because of fed or are there international factors playing into this in this last day or two >> i think there's a combination of things. but one of the big things that happened overnight where we saw yields trip up pretty quickly past the 1.70 level was that we got rumors out of japan that the bank of japan may be heading back on its etf purchases and widening the band where it would allow bond yields to go and that could have triggered some selling in treasuries as investors there decided to raise some cash. so the timing of it certainly looks like it's consistent with when the talk came out and we saw an 8 or 9 basis point move in a very short period of time so i think that contributed. along with whoever was positioned the wrong way at the end of the day and decided to square up their positions. >> and what is your expectation from here, kathy

kathy would having her best day on record. but, what fundamentally changed? sure, we had a bond auction, it went well. what does that mean for inflation? today, the risk on rally, let's talk about it. it basically took custody nasdaq level we were at at this time last week. joe: if you look at the intraday, extraordinary. it speaks to how intensity selling has been in some of these areas, that even with these huge gains. they are back to where they were a week ago and many of these cases. they still have a pretty big hole to climb out. romaine:'s today the day where we like cathie wood again? joe: every day. joining us for more, bloomberg cross-asset's reporter katie grayfield. were you alive the last time we had a day like this? katie: it is hard to say. if you boil into the market action today, yesterday we were action with -- we were asking where the dip-buyers were. today, we found them. you saw some familiar names up front in platonic, tesla. like most things in markets, i am going to argue that this boils down to rate of change. nothing fundamentally changed between today and yesterday. it is ju

kathy jones. it was supplementary leverage ratio and expiring. it has not seen a big move in the bondarket to close out the week. what was your take on that decision over at the fed? frances: we have been talking about it. the high rates driven by the reopening and all good things and that is the reason rates are moving. it hasn't all been the reflation, otherwise it would be driven by real rates. some of it is expectations. kathy made a good point that this market makes their is more inflation than a lot of what the fed is telling us. the slr has been one of the reasons we have seen this and it has created volatility. today, positioning towards it. i think we haven't seen as much as a move today. does this actually help us on a go forward basis question are we looking for a one-day impact or multiple month impact. jonathan: kathy, what is your take? kathy: is a good question. we did get a few offsetting indications for revisiting this topic. we have the rrp and the expansion to create a little space. i think this is something that gets addressed over time and a lot of it was already

kathy jones has a great clip that everyone is a rate strategist because it is the bond market drivinghings. romaine: a lot going on on twitter these days. i am curious of what you are hearing on the trendline on yields. it seems like to me, this is still going to go higher, but you have people saying, don't worry, it all peter itself out, but i am not sure if i understand what is going to stop this. katie: it is a great question, and you had a dramatic story on the terminal where it says the bull market in bonds is now over, and that has not happened since 1981. romaine: is this like a three decade bull market? katie: i think it is just normal at some point, but the u.s. market treasury return index down over 20% from its peak. those are the types of stats that are broken that could start to entice dip buyers, and we got the latest data at 3:30. it shows that they are net long on futures. we have not seen dip buyers emerge to strongly but that can change next week. joe: also, powell is speaking three times next week. fed decision is done, take a break, but he is coming. katie: he is t

including tesla, square, tele doc and roku which have dropped due to bond yields and the idea we'll turn more into value-type names. kathyood telling cnbc she is actually doubling down on some bets she'll be on "closing bell" today at 3:00 eastern. >>> stock number three, ge the wall street journal journal saying ge is near a deal worth more than $30 billion to combine its aircraft leasing business with ireland's aircap holdings aviation services owns services or on order more than 1,600 different planes. >>> now to a major developing story this morning global oil prices on the move. houthi rebels say they attacked a major saudi port on the persian gulf with drones and missiles yesterday saudi authorities say it caused no casualties or damages ras tanura, and iran-backed missile strikes inside iraq recently joining us cnbc contributor, helima croft sorry to drag you out so early on a monday, but this is a big story. luckily, not a lot of damage no lives lost. but it's a message sent. what should we take from it? >> it's a reminder of just how fragile a security environment is in the region if we think back to 2019, we ha

reporter: that special bond cut tragically short for randy and so many others and memorials are growing each and every day outside of these spas for all of the eight victims. jose >> kathy park in atlanta. thank you. >>> still ahead tonight, the terrifying moments after a father took his toddler into a zoo elephant enclosure >>> we're back with a shocking story out of san diego. a father is under fire after he snuck into an elephant enclosure at the zoo while carrying his toddler. what happened next was even worse vaughn hillyard has the story. >> oh, oh. >> reporter: tonight, heart-stopping video of a father and his 2-year-old son going to dangerous lengths to see wildlife up close and personal officials say the man, identified as 25-year-old jose neverette, is seen here holding his child. they add, "he made his way past several barriers to get into the san diego zoo's elephant habitat on friday afternoon." >> a 2-year-old juvenile was taken into the elephant enclosure by a male who climbed over the fence and under the rope. >> reporter: with his back turned, an elephant begins to charge at the pair seeing the large animal, the father stumbles as he races to safety, he

kathy wood's new $3,000 price target on tesla. that's the pbase case. even the bear case sees the stock price doubling here's a check on bonds.lds moving lower today. 1.6840 as we stand ♪ ♪ we know it's going to take many forms of energy to meet the world's needs while creating a cleaner future for all. at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. lately, it's been hard to think about the future. but thinking about the future, foris human nature.ve. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. >>> 32 minutes left to go. let's check in summon individual market movers. barclay's upgrading pepsico to equal weight the firm saying the snack and beverage company has a multi year stock appreciation story and will accelerate top lined profit delivery long term. that stock up 2.5% it's down about 7% for the years. >> shares of box a