branson was like good for you.r: if you listen closely you can hear bezos breaking everything in his billion dollars office. >> [screaming]. >> branson space ship 2 rockets to the stars. branson the first billionaire in space. >> [inaudible]. >> not quite one small step, but it will do. you would think a billionaire could hire better writers. 9 days later bezos the second billionaire in space. the choices that bezos made to go with him on his main voyage in space a little odd. an 18-year-old physics student from the netherlands. 82-year-old female astronaut who was never in space and his brother. >> i could see the mother being involved. >> if you going to space bring your brother. where is elon musk? in september they shot 4 civilians in a rocket into space. they orbited the earth. in scientific terms elon musk far exceeded the other guys. elon musk was not on board. maybe he is not as crazy as you think. you go first. let me know how it goes. bezos knows he is third place. in a marketing coup, he gets captain kir

richard branson and ceo denhard -- ceo dan hart.hat unemployment rate under 4%, under the neutral rate for the fed. guy: i think if you look at the unemployment number, it looks really strong. inflation coming out next week, that is going to be superstrong. marty walsh is the u.s. labor secretary. jonathan: secretary walsh joining us from washington, d.c. unemployment looks fantastic. the payrolls number just a little bit disappointing. how would you characterize where we are right now in america in this labor market? sec. walsh: i think if you look back at 2021, the president past the american rescue plan. then, 6.4 million jobs have been added to our economy. a good for million people -- eight going formerly people are back to work. we are seeing lots of positive signs. we know in 2022 we are still living within the pandemic, so is to have work to do going forward. the president upon economic policies continue to work. we will continue to move forward in 2022 to make sure we get americans back to work and continue our strong econo

. >> reporter: cox hospital in branson, missouri, increased its capacity to handle extra patients but expects to max out again soon. >> well, the reason that we're keeping them here in branson is because springfield is full. mercy is full. everyplace is full and we're back where we started where everybody's looking all over the country for beds. >> reporter: it took six months for the u.s. to report its first four million covid-19 cases. the last four million took just one week. >> over the past three, four weeks, our numbers have jumped just from couple hundred cars or appointments per day at each site to over 4,000 appointments. >> reporter: according to the cdc for children under 5, four in every 100,000 are currently hospitalized. a pandemic record. that statistic, though, includes children hospitalized because of covid and those admitted for other reasons and found to be infected. meantime, omicron mixed with bad weather is still causing problems for airlines. yesterday more than 1,300 flights were canceled, and already today, anne-marie, more than 600 flights have been called of

michael: richard branson has plans to develop commercial spacecraft for space tourism.eveloping rockets to carry humans into space and spacecraft to deliver cargo to the moon. jeff: we have here as an example, a very large rover and by the way, even though that's a large rover, this vehicle can land four of them simultaneously on the surface of the moon. brad: it isn't just spacex. there's other companies like blue origin coming online as well, private companies and smaller groups in australia, or rocket labs in new zealand, for instance, that is all making that cost cheaper. i like to think of it's like airplane travel. we spent the longest time having one costly airline, but now we have a bunch of budget carriers that are making it effective. adam: we live on this little dot and what's out there is just massive, and i wanna explore what's out there and see it. michael: australian entrepreneur, adam gilmour, is building one of those budget carriers. adam: all right, guys, we're going soon. michael: five years ago, he cashed in a lucrative career as an international ban

what say you to that, richard branson?unch him off from under a 747, that would be interesting if you want him to comeback we'll put him on a virgin galactic spaceship one day. >> either way i'm happy to go. >> all right roker, you heard it there from sir richard himself. >> i'm ready >> all right sir richard branson, congratulations on the new venture thank you. dan hart, thank you as well. gentlemen, best of luck. >>> up next on "start today," dry january. before he heads into space, mr. roker and i are going to explore the benefits, along with millions of others, and also get recipes for tasty alcohol free alternatives but first, this is "today" on nbc. alternatives. but more of our "start today" series. >> for many the new year comes with a renewed focus on achieving a healthier lifestyle. this year it includes myself and al. >> that's right. we decided to join forces here's a look at our goal. >> our start today goal is dry january. >> i didn't drink that much. and then came the pandemic >> i found myself having maybe

virgin orbit, the spinoff company and brainchild of sir richard branson fired off its third mission torbit ceo dan hart. sir richard, let me start with you. what will these satellites be doing? >> oh, they will be doing a lot of different things. they will be monitoring agriculture is one thing. they will be the ministry of defense will be putting satellites up to make sure that, you know, should satellites be knocked down in certain parts of the world they can be replaced quickly. so the exciting thing about virgin orbit is it can fly to anywhere in the world. it can launch into any orbit at any time. and that's the first time that has happened. it's now done it three times in a row very successfully and so i think, you know, people who need to get satellites up there now know that they have this option that any country in the world can now launch satellites through virgin orbit. >> dan, virgin orbit retrofitted 747 shoots the satellites from rockets in the wing of the plane. that sounds dangerous. walk us through the preparation and safety methods for laurening th launching these sma

sir richard branson and dan hart, thank you so much for joining us >> meantime, next week, don't missge of the health conference, the grand daddy of health care conferences. plus, check out the ride-sharing names both bullish on uber, losing early gains and down grades lyft as they're in the narrow range, down 17. today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. >>> time for our etf spotlight xlc up about 14% in the last year but down 6% in the last three months at&t have the top holding and wells does upgrade from underweight to equal weight. they say the bear cases largely played out expect sustained strength in the core wireless business and the stock has had a nice run, up almost 12% >> well, it's time now for a news update. hi, leslie >> hey, morgan, good morni

to strong, they need us to show a hopeful future and be integral in person face-to-face with the branson futures to those teachers with us tonight, i know you are on mile 42 of what's promised to be 26.2-mile covid marathon and while we can never thank you enough, i do believe we continue better. thanks to the leadership of president stuart adams and many others, we made historic investment in our schools and teachers, $510 million in all. this year we can do even more. that's why i am proposing $970 million in education funding with priority focus on at-risk and disadvantaged students. a child zip code should never c determine their future or their opportunity. the session i am proposing elimination of school fees for the basic course work required for graduation. this legislation being drafted by representative adam robertson was a parent $55 million a year with many of the dollars going to utah families struggling and meet of a central financial obligations. money alone is not enough, it's clear. far too many children and inability to read at grade level by third grade means life of s

we have the recall of ambassador and we have a very costly medic situation. branson, shaving the presidency of the a. you very significant fire in global politics and very hostile and a long memory and feel the trite, i even president by why it's was managed, was clumsy with jam in presidential heading and screaming camera. and if you people think that things couldn't get any worse than you'd be wrong, australia's prime minister tried to suggest that france was away. the deal was doomed. i made it very clear that i conventional diesel powered submarine was not going to make a strategy as strategic require. we discussed that candidly. then one of them though, is a parent messages between the french and all the leaders was leaked. should i expect good or bad news from i joined the marines ambitions. oh, yeah. oh. when done with france? well, a bit like this of marine deal inelegant crude confidence has been completely shattered . that's how the french saw it. relations hating a new low. and it seems the whole debacle having gone down to well in australia over the desire to acquire nuclear sub

that an expedition party equipped with crampons and pickaxes continued where he left off. manzona branson, the great wall of ice, was 1st climbed in 1913 by young cave researcher from vienna and 2 colleagues was velma, they had to carve out 140 steps in the ice to reach the top speed, say enough to come and what they found exceeded all their expectations, a vast system of caves, full of spectacular ice formations, that resembled giant sculptures. but how exactly where they created? well, there are cracks and fishers of limestone caves and in spring, milt water from outside can trickle into these entrances and fries. it's an extraordinary phenomenon, while the snow melts outside meter high layers of ice build up inside. it's what's known as the stack or chimney effect. the cave galleries and fishers form of link from lower entrances to openings higher up in the mountain. in winter, when it's cold outside than inside the caves, warm air rises through these openings and drifts out as if through a chimney. meanwhile, chilly winter air enters below and pulls the cave down. that's why the ice o

some authorities that put huge pressure on the testing system here in branson, so massive keys outside of pharmacy for parents waiting for hours in the cold and rain trying to get their children tested. under these regulations, teachers say that they've essentially become the test in trace managers having to check every day that children are negative. and this is why they say that they're angry. that these change came at the last minute from a minister who was on holiday john michelle john blanca, who they've asked to now resign from his job has though defended his actions for 2 years. i have been working 7 days a week for the management of schools in the health crisis. thanks to the work of everyone, especially teachers, france has been a country of open schools. i took 5 days off. i was in contact every day with my ministry in the service of the school, the prussia put on the government from that protest last week. the biggest education protested some 20 years past, seen by the government in terms of some of the demos we've heard from teachers. the prime minister is saying that they

he has already gathered more than $60000.00 signatures in branson the area around the forest. most people we spoke to were concerned about the ecological impact. it would have knowledge to separate. the move could be good, but if it is to cut out part of the white of incense, i think is not the best thing to do. i think they're trying to minimize things by saying that they are going to plant trees, but from the moment we're destroy, part of the biodiversity and life of the blood of in san it is not easy to restore that. it was a huge, prosperous, given the environmental situation. i find the action to be a negative one, especially since there's no shortage of metro in paris dissolved. so cutting down trees for 3 stations is a bit silly, especially since we could find other means of transport such as boston. welcome didn't through the company in charge of the project has also tried to reassure residents said it would compensate for the deforestation by replanting as only 3 times larger than that that being destroyed. but that doesn't wash with activists. will redo merge. what u

richard branson went to space over the summer.galactic has not carried a single paying passenger. they hope to start flying the backlog of famous passengers by the end of 2022, including justin bieber, lady gaga and tom hanks. each paying $250,000. elon musk plans to test his starship rocket that nasa hopes to use to send astronauts to the moon later this decade. some of the astronauts could be in the class of 2021, just announced. ten candidates chosen from 12,000 applicants. jeff bezos blue origin plans to continue to take passengers to quick rides to space. but blue origin's new project is this, a floating business park ready in five to eight years. >> two, one. >> reporter: but the coolest mission of 2022, nasa's dart. it will purposely crash into an ath roid's moon. >> the dark mission is to hit an asteroid and see if we can move it. >> reporter: using that know-how, to put asteroids that are headed for earth. >> we want to learn what happens when you crash a spacecraft high-speed into an asteroid. >> the u.s. is not alone. c

coming up, richard branson's orbit taking flight on the nasdaq as the spaceflight operator prepares for that is next. this is bloomberg. ♪ ♪ emily: virgin orbit heading skyward. the commercial spaceflight company began on the nasdaq. it is one of several companies launching low-level satellites. the company is planning a lot of firsts in 2022. >> for our company, we pierce to the pandemic -- pierced the pandemic and drove a new technology into space launch. we penetrated the market more than we ever have. we saw a deal with ana airlines with 20 launches out of japan. we signed agreements with new space technology companies for hyperspectral imaging of the earth. quantum encryption from space. boeing, other companies. it is a very exciting time for us. we need to continue to do that, and that is what we plan to do. there is a rocket in the mohave getting ready for launch over the next few days. we have a bunch coming behind it. we have the first launch of the u.k. -- out of the u.k. this year. we can launch from premature near port that can handle a 747. >> one is going to be deeper spac

your travels take you to the ozarks, you had trout or bass fishing on the mind or perhaps head to branson. there was no tour guide that would have directed you here in missouri. that is a shame. an old curiosity shop well worth seeing. floor to ceiling collectibles, valuable stuff everywhere the islanded. >> anything from coins to arrowheads. ten to 15,000 books. >> did these collectors have a less discerning eye when it came to sizing up people? did it go towards explaining the dreadful toll in the house that evening. >> i said he is off in some way. he could be a psychopath. it scares me. >> april 30th, 2014 did they fall prey to someone they believe could be trusted? >> iad to be lowered to the ground. i started crying and screaming. >> such good people. why. why. >> springfield, missouri, the queen of the ozarks. gary terrell grew up poor and knew his adult life would be all about education, teaching kids in the classrooms by day. the history book in his lap at night. he and his wife raised a girl and a boy who sadly died young of brain cancer. they lived and gardened in the same hous

richard branson spoke to bloomberg on friday. >> our company, we pierced the pandemic and drove a newinto space launch. we have to continue to do that. in the last eight weeks, we penetrated the market. out of japan, we signed agreements with new space companies like hyper set or hyperspectral imaging of the earth. quantum encryption from space. speier, boeing, other companies. it is an exciting time for us. we need to continue to do this and we have a rocket in mohave ready for launch. we will launch that. we have lodges coming behind it. we have the first launch out of the u.k. coming this year. we can launch from pretty much any airport that can handle a 747 across the world. >> we will be circling back with you guys for the u.k. launch. there are different aspects to space, what is deeper space exploration by going to the moon and one is low-earth orbit. that is satellites that are closer to earth. that is where the fundamental moneymaking ability is wood to be. -- is going to be. >> the market for space is growing to be well over $1 trillion from about $400 million right now in t

. >> richard branson going where no billionaire has gone before. >> 24 hours from now, jeff bezos willto the heavens. >> space-x senior director says the company saw an increase from people who wanted to buy a private spacecraft. clearly, there are a lot of rich people out there, much richer than the rest of us. >> first of all, this is relatable. after a year of lockdown, i was ready to blast into space, too. and these billionaires don't even live next to an apartment with a poodle yapping all damn day! just poop in the house, mr. sprinkles. nobody cares. your owners are nasty anyway. still, can't get these rich dudes to calm down? i guess for these guys, you're not rich unless everyone knows you're rich-- human, martians, klingon, the worms from doom, whatever the hel chewbacca is, everybody! i don't understand why their rockets keep going up and landing back on earth again. if you're going to get the ( bleep ) out. get the ( bleep ) out. you keep coming and going. listen, i'm going to start charging you a cover charge. and no, we're not going to give you a wrist band, either. you'll

this report has had input from some business leaders such as james dyson answer richard branson, andgs they were highlighting, timekeeping, resilience and self—motivation because those are going to be brilliant life skills whatever you do, will be going to something commercially driven or not. and certainly within my line of work, self—motivation and resilience are really important factors to carry you throughout life. resilience in particular has been a great demand in the last two years during the pandemic. so we could have really encouraged people at school to develop that skill set and it would've done this a real benefit in the last two years. the it would've done this a real benefit in the last two years.— in the last two years. the report also sa s in the last two years. the report also says that — in the last two years. the report also says that james _ in the last two years. the report also says that james dyson - in the last two years. the report | also says that james dyson came at one of people they have asked to inputs as a country is ill—equipped to train engineers part

. >> reporter: billionaires richard branson, jeff bezos, and elon musk bringing commercial space travelarth. on his first trip elon musk brought along one of the female astronauts that never flew. then captain kirk himself. 90-year-old william shatner choked up with emotion after landing back on earth. >> what you have given me is the most profound experience i can ask. >> reporter: on september 15th it was the four civilian astronauts on board a spacex rocket that made space history on a three-day orbit around the world. >> we can see the entire perimeter of the earth, which is so beautiful. >> reporter: the trip, part of a fund-raiser for st. jude children's hospital where crew member haley was treated for childhood cancer. space tourism is still way out of reach for most of us earth linkings. >> it's important for you that this becomes accessible to everybody. >> that's why we started it. i think ultimately the price will come down to a level where an awful lot of people will be able to do it. >> reporter: but bezos and musk aren't content with joyrides around the earth. musk's space

. >> reporter: billionaires richard branson, jeff bezos, bringing space travel back to us on earth.ht along 82-year-old wally funk, one of the original female mercury astronauts who never flew. and then captain kirk himself, 90-year-old william shatner choked up with emotion after landing back on earth. >> what you have given me is the most profound experience i can imagine. and then a spacex rocket made history on a three-day orbit around the world. >> we can see the entire parameter of the earth, which is so beautiful. >> reporter: the trip, part of a fundraiser for st. jude hospital where a crew member was treated for cancer as a child. but with prices starting at $250 million per seat, it's out of reach for earthlings. >> it's important for this to become accessible to everybody? >> that's why we started it. ultimately the price will come down to a level where an awful lot of people will be able to do it. >> reporter: but bezos and musk aren't content with joyrides around the earth. musk's spacex won a nasa contract for its star ship to carry astronauts to the surface of the moo

sir richard branson's newly public virgin orbit is set to launch seven satellites into space this afternoonhat launch set for 2:00 p.m. pacific time, but its shares are tanking, so are its sister company, virgin galactic down 18.8% after announcing plans to raise up to $500 million in new debt that's not a good thing for shareholders, and looking for love online, before heading out to the bar? that trend continues this year, that according to goldman sachs, they upgraded online dating companies match and bumble to buy citing ample growth for the industry this year. a mixed decision here match shares down half of 1% but bumble up about 1.5%. well as covid cases spike businesses are seeing worker shortages one p can in california is combating that by employing robots. the first to complete the first- ever uber eats delivery without human supervision. kelly o'grady is going to tell us how it's all done and she's live in a fox business exclusive hey, kelly. reporter: hey, lauren. yup, i'm at the headquarters. this is where the robots come back to sleep every night after they have been hard at w

do not extend by dinners, leaving branson 5 of the army who have no other option. we see yesterday the reaction, the realize that the people in the street with them that the move in the region in west africa, he's going don't really go in favor that. and also the fact that if you maybe, if you do end up those immunity b, like a 2 weeks ago for trying to do so they had to just really, and i'm actually gonna kill in industry because they're happy that the chart of what it is she to others, as they do is just in the law in the country of the end of the c t c. this says a failure of democracy against not just in brooklyn, of hassle, but looking at some other countries as well. c something that's more wide spread across the region. i mean, ultimately have the failure to governor, to govern effectively is causing many of these cruise yes, the school a not to fail demo because you deal with these leaders will get to power through the books actually should be good. i want to be a government. the resources are the natural resources advantage of resources of the country. and

many -- you know, you got branson and bezos and musk all spent billions and billions of dollars to gets doing this not on -- on pennies really, because she's able to do this. her fuel is actually oatmeal [ laughter ] >> jimmy: they can -- they could save a lot of money. >> yeah, exactly >> jimmy: it's ridiculous. i want to talk to you about your stand-up. the "off the rails" stand-up tour, right now, tickets are available at lewisblack.com. but this is -- you're one of my favorite stand-ups and then went through 500 days of not doing anything. you were in lockdown >> yeah. here's one thing you learn in lockdown is that solitary confinement is a punishment. [ laughter ] because your brain can only go through so many things and once it's finished going through those things a lot, it comes after you. [ laughter ] >> jimmy: it's true. >> you know, and some people would do zoom comedy and stuff >> jimmy: you didn't do that >> no! [ laughter ] that's like a psychiatric test you're looking at wall of people it looks like you're watching "hollywood squares." i don't need that. >> jimmy: your s

and he's on track record 24th at branson high with hello, welcome to the program. ukraine's president has urged the west not to stir panic over the likelihood of a russian invasion, which he said is damaging his country's economy. despite huge build up of russian troops, new ukraine, ramirez lensky said he does not consider the situation now. any more tense than before. felicia starting over based and as if we're grateful to the united states for their ongoing support for our sovereignty. but i am the president of ukraine and i'm based here and i think i know the details more than any other. we do understand what the risks are. it's important that the president should know the situation from me, not the intermediaries. we do not see a bigger escalation. yes, the troop numbers have gone up, but i was talking about the same thing in 2021. when there were drills in the russian federation, there was a big build up. we were supported by the us europeans called on russia to pull back . i don't think the situation is more intense than that time in early 2021. there was no such coverage of uk

. >> reporter: like when richard branson and jeff bezos launched themselves into orbit.en he came back to earth... >> i want to thank every amazon employee -- >> reporter: he wanted to thank amazon employees and costumers because you paid for all of this. >> yeah. >> reporter: what was your reaction to this? >> i threw up in my mouth a little bit. the idea that he even understands the insults that he was making there, when he said, thank you for paying for my trip to outerspace for -- what was it, 20 minutes? he didn't hear what he was saying, and there wasn't a single employee at the ground level who didn't take that as an insult. a lot of costumers took it as an insult. >> reporter: the wealth gap has reached st stratpheric levels. it has led some to consider: maybe you can be too rich. professor ingrid teaches philosophy at the czechoslovakia university in the netherlands. define libertarianism. >> libertarianism is just the words for the thought there should be a moral limit to how much wealth you can accumulate. so the idea that it is fine to be well off, but at som

this is after a huge 31% spike in trading yesterday the other richard branson founded a space companyorbital mission, the above the clouds launch, which is now targeting tomorrow afternoon it was delayed by a day and trading well above $12 a share pretty notable given some of the movers we've seen in this area of the market in reeceants weeks. >> time for our etf spotlight. as we look at semis. ticker xsd, and ambarella upgraded to overweight, says they have an attractive valuation after a recent pullback as we got a bunch of target increases as well for amd, marvel ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> welcome back and here is your cnbc update at this hour. the lawsuit against prince andrew will proceed. a federal lawsuit rejects the bid to dismiss the suit. it accuses him of sexually abusing him oand being traffic by jeffrey epste

look at that, morgan, virgin galactic, one of the great performers amongst the early spacs, with branson chermoth, so if you hung in there all the way. obviously they sold a lot, if i recall. >> yeah. >> but there it is, back below ten bucks. of course, mike, that's not the only pick latif growth name, or even the growth name that's gotten hit badly up a bit -- i wouldn't call it a rebound, but hanging in there this morning. >> that's sort of in the initial spill, to some degree. i think just catch up with names like shopify even back in february of last year, that was an aggressive peak it did nothing for months. that's been one of thinks de namics so that really was -- they were the first in for punishment. we'll see if that means some of the selling has dried up really it is the banks pressuring the impacts, down 6%, just given up a lot of this recent run pretty -- you know, you hate to say it was predictable, but everyone was saying they run a lot. so you have a bit of a giveback. i don't know if it will undo a lot of that roe station in there. tesla is also weak you have these stock

. >> reporter: billionaires richard branson, jeff bezos, and elon musk bringing commercial space travelf the original female "mercury" astronauts who never flew. then captain kirk himself, 90-year-old william shatner choked up with emotion after landing back on earth. >> what you have given me is the most profound experience i can ask. >> reporter: on september 15th it was the four civilian astronauts on board a spacex rocket who made history on a three-day orbit around the world. >> we can see the entire perimeter of the earth, which is so beautiful. >> reporter: the trip, part of a fund-raiser for st. jude children's hospital where crew member hayley arceneaux was treated for cancer as a child. but with prices starting at $250,000 per seat, space tourism is still way out of reach for most of us earthlings. >> it's important to you that this becomes accessible to everybody. >> that's why we started it. i think ultimately -- ultimately the price will come down to a level where an awful lot of people will be able to do it. >> reporter: but bezos and musk aren't content with joyrides arou

something president biden promised to put back on the agenda and look, if jeff bezos and richard bransonever happened and no women on a bill in my lifetime. i would like to see that before i turn 99. >> i need tubmans in my pockets and the $20 bill, i agree. really tight on time. so you and i have to split our time. i'll give you, what's your who got next? >> who got next for 2022 is african american bioafrican medsis. when we talk about racism, gun violence and the impact on black people, we stand on the shoulders of men and women who study this quietly digging through the paperwork and documentation. one of the best voices passed yesterday. dr. carlton haywood. he was part of the ebony 100. one of the most brilliant minds when it comes to discussing biomedical ethics and he passed, due to sickle cell, that affects 200,000 americans every single year. brilliant, he loved comic books, loved by his family, and he was my best friend. and i hope that all the people doing the kind of work that makes aware of the danger to provide to black people will continue and the pathways and steps he la

. >> my name is lidia branson and i have spent 14 years of my life working in the tenderloin on the corner goldengate and jones and i'm now working at a project in the mission. i've gone through a lot of changes myself while working in the population of the tenderloin with the idea that people need to hit rock bottom in order to be, to go through recovery with drugs. i know thisnow not to be true. that now rock-bottom is in fact sometimes death . adding in morebarriers for service for people and forcing them into treatment is not the way we're going to solve this problem . i do not support this measure. thank you . >> you for your comments, we have 171 people listening at 112 are actually in thequeue ready to make comments . let's hear from our next caller. welcome, caller. >> caller: i am a community minister workingwith on the house to focus in the tenderloin and other areas of the city . i am urging the board to vote no tonight. because this is an extremely urgent problem and it does need to be dealt with quickly but it needs to be dealt with well and we don't know that this plan will d

america anthony, let me just take a step back and pretend we are flying at well now we can go up with bransonere should rates be if there was no covid based on where the economy is right now and based on 100 years of history? that's what i have trouble dealing with i was used to 6%, 7%, in a good economy and i just, i mean, is it terminal place where we're going 2.5% is that a normal world, anthony? >> sir, i think you hit the nail on the head here if didn't have covid, rates would be materially higher nevada, we are bearish on duration we are on the front end of the curve because we think rates will move higher during the course of the year while it may be tactically advantageous to cover a little of the wage in front of the hit in front of the fed, we think travel is firmly higher given the fact the economy remains robust, delays in the market unemployment rate is 3.9%, we low the fed's unemployment we think rates should march materially higher. we see rates going as high as 2.5% by the end of the year in the ten-year space. >> anthony, do you think the fed is the cart or the horse at this