kriti: we're going back to the old correlations. the nasdaq 100 and the russell 2000 used trade together very closely, there is the momentum trade and you are seeing it happen again with the downside as opposed to tech reacting to those yields, the correlation we were really looking at. we are reverting back to what we have seen. caroline: bonds, a complete snooze fest. are we pleased that the five-year auction is basically not rendering us in any way bother? kriti: it appears the bond market has been put on ice right now, the idea of holding your horses a little bit. that something this trader told me, this idea that we are ending up, the end of fund flows is what we are seeing right now, a lot of reallocation and easter into next week as well, so there could be a bit of a quiet trading period from here on out. not in like the bond market as well, because ours we see that correlation breakdown, it will be interesting to see how people reposition now that we are farther into our vaccination campaign. which side of the trade really h

both agencies are saying the risk of not being vaccinated fast passes any risk of this potential correlated side effect study let me ask you boris johnson said today that the biotech pfizer vaccine and the astra zeneca vaccine are pretty much identical in terms of safety given the current situation is that a helpful statement. well i think he probably isn't mean we can certainly say that's the case in terms of the very common source of blood clots the vino the number ambulance and if anything vaccination gives a level of protection and even in the data published by the your pain medicines agency there's no actual direct comparison between the oxford astra zeneca vaccine and the fires a bio intact vaccine nor does the european data seem to take into account all the possible correlations for example we know that these sort of cerebral sinus vein thrombosis a more common in women who are taking over contraception but that doesn't seem to have been accounted for so it could well turn out that this is a correlation or it could well turn out there is a level of causality here but the really if th

many of the lower income countries the rates are rising but we were very surprised at how highly correlated sort of you know higher income countries was with both of the city rates and public deaths and and similarly that out lower than the 10 countries or the lowest rates of cover gets overwhelmingly had low low it's of obesity as well for both india and vietnam to many other countries in africa and asia but it didn't we already know this didn't we already know that there is a correlation between. obesity i mean if you are obese you are more likely to be have a greater chance of a premature death anyway so this 50 sounds like stating the obvious. now i think i take your point but no it's absolutely not because we're finding that people of the obesity have you know as much as twice and twice the likelihood of death from from that but you see this is a policy failure in many respects every country in the world agreed in 2013 to physically flatten obesity prevalence to say this is a this is a challenge we need to take on and we need to take action and in fact no country in the world is on tar

and the broader crypto market is somewhat correlated with the broader stock market.een crypto come off of it ties there. having peaked in february, a little off of it ties, still an incredibly six-month run. we will see. right now, it feels like everything is everything, it is all one trade. caroline: all one trade, but they are getting creative when it comes to nft's. there is a virtual house that sold for more than any real house really sells for, $500,000, here is the pictures of it. meanwhile, did you see the story about nft's for the new york times, then became an nft, and then sold for charity. it gets quite met up quickly. joe: $500,000 is a good deal for that fake house. joining us is priyanka desai, member of the nft focused dao, what is an nft focused dao? priyanka: great question and nft's are all the rage. dao stands for defensive autonomous organization, and you can think of them as curators or case makers of this emerging art landscape we are seeing. there is no leader, so basically people come together, pull their capital, and then democratically vote

a lot of advocates have been correlating this with donald try.

rate and the european mentions agency are both saying there's a correlation and not saying that there's a causality here and more a lot more needs to be done more needs to be investigated but it's incredibly rare and both agencies are saying the risk of not being vaccinated fast passes and the risk of this potential correlated side effect you can let me ask you boris johnson said today that the biotech pfizer vaccine and the astra zeneca vaccine are pretty much identical in terms of safety given the current situation is that a helpful statement. well i think he probably isn't mean we can certainly say that's the case in terms of the very common source of blood clots the vino the number ambulance and even the thing vaccination gives a level of protection and even in the data published by the your pain medicines agency there's no actual direct comparison between the oxford astra zeneca vaccine and the fires of bio and sac vaccine nor does the european data seem to take into account all the possible correlations for example we know that these sorts of several sinus my own posts are more co

i am just looking at the bloomberg in its correlated -- and it is correlated and screams economic boom. jon: yields are higher by five to six basis points to 176. s&p 500 farmer by almost 1% -- almost .1%. in the next hour, the head of multisector and strategy. from new york city, this is bloomberg. ♪ ritika: with the first word news, i ritika gupta. ships are on the move in the suez canal. an almost weeklong effort to unstick the boat and the canal succeeded. the biden administration is sounding shopping divergent notes on the coronavirus pandemic. president biden celebrated a ramp-up in vaccinations who said -- and said 90% of u.s. adults will be able to get a shot by april 19. the head of the cdc pleaded with americans wear masks and she warned of "impending doom" as cases and deaths rise again. transportation secretary pete buttigieg ruled out plans to increase the federal gas tax or charge drivers a fee on miles driven. the problem is the federal fund that paves the roadways in transit system is funded by the gas tax. it currently runs at a deficit. shares of the chinese parent of

in his 1.5 on the nasdaq and it was down earlier but i look all in all where we are and it's a correlated adjustment on a monday with an interesting, weak. jonathan: good news is bad news for tech stocks. it looks like the $1.9 trillion plane is going through the senate. tom: there will be earnings, there will be revenue growth for the big tech stocks and maybe that pushes against this downdraft but i would look at the correlated effort off of the jobs report. you've got to look to oil and with that, the yield move. jonathan: the outlook gets better and better. 5.5 percent for 2021 is the consensus view of economists on the street. lisa: the inflation expectation increasing growth is chanda tory or could it be the beginning of something more lasting and that will be the key debate. is this inflation driven or a normalization that has a natural cap or is this a head fake before the natural low growth world returns? jonathan: it's the price action this monday morning, good morning to all worldwide. futures are down 21 and down than half a percent with yields in the bond market higher. where

the correlations just kick in repeatedly.em is that even where we are now, if i glanced at the treasury curve prices, 2.4% for one month in five years time. that would not constitute neutral fed policy than. -- then. in 2013, we traded in what we then thought was a normal policy cycle really fast. that is what did the damage. i want us to price in a return to neutral policy five years down the road. when we have done that, we can say can we forget about the bond market for a little bit? jonathan: on monday, 2% on a 10 year and get it done with? kit: i guess what i am saying is we are going there. there is so much momentum in the u.s. economy. the consensus is rampant. our guys put out a piece on how bullish they are and then the oecd comes out with higher numbers. jonathan: morgan stanley came out with one and then they of rated the forecast. this is a line in your note today. "the sooner we get to 2% of the better so people can realize paying 2% is likely to average twice that over the next decade." can we talk about twice t

that's a direct correlation to what they can charge for advertising. most wall street analysts think this is unlikely that there will be a complete removal of section 230, let alone any kind of adjustment. i think they are trying to find a middle ground of who should be accountable, a third party regulator or more in-house. >> thank you. ed ludlow is our technology reporter coming to us out of san francisco. on the hearing that we continue to follow in capitol hill. that's not the only game in town. president biden is holding his first formal news conference at the white house in just a couple of minutes. you're looking at the room where the president will soon step in for the first time since becoming u.s. president. for more we are joined by kevin cirilli. cabin, why has biden waited so much longer to hold his first presser? kevin: his supporters would say discipline and his detractors would say that he's putting off answering tough questions. what i can gather is that it's a clearly marked strategy in terms of how this administration wants to handle

rate and the european mentions agency are both saying there's a correlation i'm not saying that there's a causality here and more a lot more needs to be done more needs to be investigated but it's incredibly rare and both agencies are saying the risk of not being vaccinated fossa passes any risk of this potential correlated side effect so you can let me ask you boris johnson said today that the biotech pfizer vaccine and the astra zeneca vaccine are pretty much identical in terms of safety given the current situation is that a helpful statement. well i think he probably isn't mean we can certainly say that's the case in terms of the very common source of blood clots the vino the number ambulance and if anything vaccination gives a level of protection and even in the data published by the your pain medicines agency there's no actual direct comparison between the oxford astra zeneca vaccine and the fires of bio untacked vaccine nor does the european data seem to take into account all the possible correlations for example we know that these sort of cerebral sinus vein thrombosis a more com

i really want to look at the correlation.to address that right now and into the beginning of the 8:00 wall street time hour. gina martin adams joins us, with bloomberg intelligence. you have been dead on on corporations framing up for a boom economy. we have a problem. you and i have never seen a boom economy like this, and none of the corporate leaders have ever seen a boom economy like this. how do we know how to guesstimate q2, q3, and q4 in the equity world? gina:gina: i think you hit it spot on. frankly, the analyst community has been behind this recovery since the second quarter of last year, and at least the economic indicators would suggest that they are remaining behind the recovery. it's just a couple of steps. retail sales are 8% above their former peak levels. industrial levels are nearly doubled it is above their former peak levels, yet analysts are saying s&p 500 revenues are just barely going to match former peak levels over the course of 2021. so there is still a lot of catch-up going on. we haven't seen somet

or if they also correlate perhaps with occupations that may put people more at risk? >> i think it's all mixed in, kristen. so it is geographically specific. so it really targets socioeconomic status. and like you pointed out, it's a mix of income at a patient level, housing, access to transportation. it's almost race abethnicity and agnostic but representing the communities of color. >> like in the bay area, which pockets or neighborhoods would you say fall in that category where they have taken the biggest brunt of covid deaths and cases? >> they reflect places that we at ucsf tried to make inroads in terms of even from the diagnostic days, trying to make inroads into testing. so the mission, particularly some of the zip codes. bay view, hunter's point and in alameda county fruit veil, all of those areas. when you think about southern california, where there is some data actually in vaccine disparities, we are talking about, you know, south l.a. and some of those communities, in contra to other communities like brentwood, santa monica, where there's been data showin

strong when yields go up tech goes down trades a strong negative correlation. the only ones who benefit are the value stock so it's a place you have to be if you think yields are going higher. jack so the set of images i guess i will call the 5000 images sold at auction for $69 million in router new acronym in. what are these things and why should we care? >> and nfc and non-fungible tokens the easiest way to think about it is think about it like a piece of property deed only this is digital property images audio files stored and that's easiest way to think about it. they existed for a little while but what we are seeing now the reason we are talking about it the reason we are seeing these items being auctioned on krispies has a lot to do with the run-up in currency. it would not be at the same prices for these items and assets if it had not risen so much in the past few weeks. jack: the four of us had our meeting before the show we talked all things financial knife you like if we put our brains to it. what could we think of that would be a great sign of a bubb

the correlations between the 1918 pandemic and today's global crisis. joined by nancy bristow from the she isjoined by nancy bristow from the university of puget sound. and into hours on reel america, three films that were nominated for or won academy awards. fmr mayor riley: hello. i of joe riley, the former mayor of charleston, south carolina. i have been active in creating the international african-american museum to help create african-american history, american history, to present it to this region at our country. i am honored to be with dr. cleveland sellers and am proud to say a friend of long-standing and one of the heroes of the civil rights movement, a leader of the student nonviolent coordinating committee, and a part of a peaceful protest to protest segregated bowling alleys at -- a segregated bowling alley at artwork, south carolina in 1968. he along with 40 other peaceful protesters were injured. he was shot, and three were killed and one of the most tragic moments in our state and really our country's history. dr. sellers thank you for sh

you mentioned 60-40, the correlation.omething that caught my eye was treasuries having the worst quarter since at least -- well, i thought it was 2016 sunday, and now it is since the 1980's. we are looking at a huge selloff, about 4% in the 10 year since the beginning of the year. peter, you mentioned 60-40 portfolios, which a lot of people who do not pay close attention to, probably still think is ideal. is that gone? peter: in november, i would have said may be in the sense that there is not a lot of yield left in bonds and people are overvaluing the potential that bonds and equities selloff together. now that we are at the 1.7% level on the tenure, bonds have some utility -- on the 10 year, bonds have some utility. if we see a correlation between bonds and equities pick up or a situation such that bonds are not enough of a diversifier, look at how you manage your portfolio. that is how we think of it. the days of the 60-40 my will be over. that means the days of dramatic portfolio intervention are probably the days upo

astra zeneca vaccine so they do seem to be about one case per 1.2 to 1500000 cases now this is a correlation it's not it's not a causality and the the mh ira and the european mentions agency are both saying there's a correlation i'm not saying that there's a causality here and more a lot more needs to be done more needs to be investigated but it's incredibly rare and both agencies are saying the the risk of not being vaccinated fossa passes any risk of this potential car in 1000 side effect you can let me ask you boris johnson said today that the biotech pfizer vaccine and the astra zeneca vaccine are pretty much identical in terms of safety given the current situation is that a helpful statement. well i think he probably isn't mean we can certainly say that's the case in terms of the very common source of blood clots the vino the number ambulance and if anything vaccination gives a level of protection and even in the data published by the your pain medicines agency there's no actual direct comparison between the oxford astra zeneca vaccine and the finds a bio intact vaccine nor does the eur

>> people are paying attention to those correlations.o the tech field, the nasdaq is weighted so heavily for that. what happens with tech reflects across the broader benchmark. the yields are inversely correlated at the moment with the stock market and that's something that's fairly rare. it seems intuitive but that's something we only saw at the end of last year and before that, dating all the way back to 2016 so it tells you this kind of dynamic where you start to see bonds and tech sell off at the same time, not only does it confirm that tech has served as a haven quality for many investors but simply that those kind of risks for the tech sector could be accelerated as we see those deals search higher. we know consensus expects this is not the end of the yield rally. amanda: we have seen that move into those yield stocks and the value dividend part of equities. there is the underlying logic that if the yield curve is steepening so much because of this goldilocks scenario where inflation stays at day but growth is stronger than we thou

there a much stronger reflationary expectation rather than correlation. jonathan: doesn't matter where you are in the equity market? greg: absolutely. rotation is a big thing. what we saw after the u.s. election was this bullets rotation -- bullish rotation. we had this net inflow. what we have seen since the middle of february, when the yield have started to accelerate, that has morphed. value is outperforming, but we are seeing actual growth. i think at the moment, the rotation is a more powerful story than a directional story. we have more conviction in rotation from growth into value and fiscal rotation then we have directionally. lisa: does big tech continue to lose value or underperform the more cyclical aspects of the equity market. greg: i think they are very finely balanced. if we see the rates continue, we run the risk that we see outflows from tech and negative returns. that makes a difficult environment. we talk about value on growth and for the index weight, they are not. the s&p is dominated by growth, not value. tom: greg jensen over at bri

but there is to see, i don't get the correlation, everything else in the market is correlated this morningjonathan: that is what the bitcoin bulls want to see a little bit more of, the quest to make it digital gold. elsewhere, it is equities down, yields up. yields up five basis points on tends to about 1.76%. tom: the 10 year yield through two recent new highs. we don't see that yet in the real yield, and i see it correlated nicely in the bright red on the screen. these are the markets waiting for the president's speech and waiting for that jobs report on friday. yields are up and the rest of the world, too, in the u.k. and germany. tom: in switzerland. jonathan: it is inconsistent with the outlook in europe, but driven by treasuries. treasuries are at the epicenter of this, and a policy decision in washington, d.c. is very much driving it, too. jonathan: i go credit -- tom: i go credit first after equities. what is so important to me is simply the calendar. april is here, and it is a boom economy. lisa: it is a boom economy as we head into a possible end of the pandemic. i want to tie bi

we went from negative correlation last year, i think i said that wrong, to a positive correlation.of monday this week, it looks like the relationship has peaked out and we are seeing the dollar continued to strengthen, but yields are coming down. we are reverting back to a classic risk-on, risk-off. people are piling in those havens, the treasuries. this is a slightly whirring sign, it shows that spirits are gone, people are not believing in the economic recovery like they were a month ago. anna: simpler to understand, but worry that we are seeing havens moving in the same direction. negative correlation, then positive, threatening to go negative again. one we will watch. two people who will be focused on treasuries in the dollar, let's have a look at what is going on today and a heads up on what to expect. fed chair jay powell and janet yellen back in action. thinking about their election to -- about their relation to the dollar and treasuries. germany's cabinet sign off on their 21 and 2022 financing plan as well as midterm budget outlook. germany is set to take on just over 60 b

dollar has been in terms of its correlation with stocks >> what's been interesting about the correlations any other asset class, is the correlations have actually been very, very low over time in fact, the highest correlation is between bitcoin and real estate now, the irs taxes bitcoin as property, but i don't think that's the reason for this correlation, it just so happens it's that. so we think that as it becomes a better accepted new asset class, and we are seeing institutional movement into the space, and we're seeing the diversification of balance sheets into -- from cash into bitcoin, we do think it will behave actually, i would say, more like the fixed income markets, believe it or not if you think about bonds from this level, you know, this idea of a 60-40 balanced portfolio is a bit problematic. we've been through a 40-year market in bonds. we would not be surprised to see this asset class become a part of those percentages, maybe 60 equity, 20-20. that might be the biggest surprise >> i wanted to ask you about fin tech i know you're a big believer there and i wondered if you lo

for the time being no evidence there's any correlation. astrazeneca points out that figure of just over 30 people, that size of a population, on that size of sample is really what you'd get in any ordinary population. and yet, european national health agencies, one after another, and they really have been falling like flies the last few days, have begun announcing the suspension of the astrazeneca vaccine. even france and germany that initially defend its increased use. what's happened? it isn't just about the numbers. what happened yesterday is that denmark, one of the first countries to announce the suspension, said the reason it had done so is one of the people who died after being inoculated as a result of blood clots was found to have unusual symptoms. i think that is really what sent alarm bells going. so these are the subject of investigations, the european medicine agency should be delivering its verdict in the next dfew days. the fact is in so many countries it's stopped. and that's a massive blow to a rollout that had already bee

before we get to the alternatives, let's stick with the main asset classes and the correlation with yieldspiking higher, tech following. joe: it raises the big question, why pay $69 million for a jpeg when you could get a 1.9% return on a treasury. art does not buy you continue where attack and treasuries are really starting to look like in verse, or particularly real yields. you see the chart of 10 year yields rising. the nasdaq, weak. this relationship is starting to get really strong. romaine: i am disappointed that we do not have an nfp index on the terminal yet. joe: non-fundable treasuries is what we do have. let's bring in cross asset reporter kriti gupta, and you are one of the first on here to point this out, watch of the inverse correlation emerging and it seems it is getting stronger. kriti: it solidifies the fact that tech was a haven. at the end of the day, it was not just people betting on the stay-at-home action to happen forever which i think was the original narrative. now we are saying that it a safety play. globally, you saw global investors flocked attack in 2020. it wa

a lot of advocates have been correlating this with donald trump's anti china rhetoric talking about the china virus that the virus came from china which put a lot of the blame of the virus on asian americans people that other people perceived as being from china and one statistic that really stood out to me was that 2100 incidences of incidents of anti asian. rhetoric or empty asian sorry incidents so these are not hate crimes but anything from a racial slur to a hate crime reported specifically related to covert 19 in just the 1st 3 months of the pandemic so there's a strong coalition there but what we don't know is what is really who is behind this so a lot of activists are saying that it's white supremacy but what we would expect to see there is that all of the perpetrators are white but what the data is showing that this is not the case that actually nationally the number of hate crimes committed against asians and asian americans is just proportional to the representation in the population so compare that to black hate crime we're 99 percent of the perpetrators are white what w

between treasury yields, that correlation moves back to zero. i can't help but wonder whether e we sawas driven by market technicals in treasury yields or whether the fundamental reit pricing of inflation expectations daca for -- if it was technical, that will be short-lived. >> i would agree. i do not know for 100% if it was purely technical. i think some fundamental concerns were justified. there was some jittery nests if you look at the inflation compensation instruments. we want the short to medium-term breakeven's to be even. it fell a little bit below that goal. there was a fundamental cases well, but i think mostly it is probably a rather technical -- as you say, which means it is relatively easy to control and smooth out, at least over time. again, we have had a tremendous valley in the market since the lows of the pandemic, so some nervousness is basically needed in order to wash out some of the froth and excess. i would be on your side with the technical issue in the bond markets. >> so you stay the course, you maintain your measured o

it's an equity day-to-day and correlates around the lifts. 2.1% on the nasdaq. we are just beginning to analyze what is going on with the stimulus. i love the word steve used yesterday on joe in the morning, this stimulus is different than any we have seen at least since world war ii in 1947 and that period. jon: it's massive and see it in the bond market and oecd forecast. adding one single percentage point to grow -- global growth. tom: from abby joseph cohen, -- tom: that's the challenge -- jon: that's the challenge for the bond market and supply over the next couple days. lisa: you see the expectation for robust growth paired with this low yield invest -- low yield environment. there's a new york times column by paul krugman. he was talking about how just because there is a boom from the stimulus doesn't mean there will be structural, longer-term change out of this secular stagnation without additional spending. this is the debate front center. jon: it's the tug-of-war between that and the longer-term story on whether we return to crack -- twined -- trend gr

of course, that correlation is extremely important lately.to zoom into the nasdaq 1100 and a year-to-date basis. you can see where we started the year and how where we are so far and you can see that it's actually dropped below its kind of gain for the year and then recovered, not once, not twice, but three times. that really brings me this idea of what actually is driving the nasdaq 100, of course, we know that yields are a big part of it. i want to show you the correlation inside my bloomberg terminal really telling you look how sensitive big tech is to those yields. and it really is extremely important. you can see that that sensitivity from the nasdaq 100 to the tipped yield, you can see it all the way, the correlation, 0.42, the most inverse all the way back since 1997. that's the macro story, emily, i want to get to the microstory, for that, here is ed ludlow. >> two names at the top of the tech free, apple and tesla. apple up 3%, best session in around two weeks, you'll be familiar with the note out saying that the recent weakness in a

danish authorities have extended this the suspension of the vaccine pending further studies in correlation with blood clots. the u.s. senate has confirmed rachel levine as the 1st transgender person to hold a senior government position in the united states the president's pick as assistant health secretary levine led pennsylvania's response to the corona virus outbreak she will oversee health and human services. the tokyo lympics torch relay is under way under strict conditions to stop the spread of the coronavirus spectators will bod from the departure ceremony because of ongoing fears about the virus which host the 2020 games to be postponed. the torch is on a 121 day relay across japan before like the other be colder on july 23rd. and a new record for banksy piece again changes sofa $19400000.00 euros at christie's in london with the proceeds going to britain's national health service it pays tribute to frontline health workers in the pandemic raising nurses as the real superheroes elusive street artists and given the pace to university hospital in sept southampton with a note saying th

tenure correlation. we are looking at the deepest negative correlation relationships since 2016.his is the 40 days we are looking at, close to a 20 year low. what is the risk of a severe under shoot? what if this really is just a reflationary blip and we don't get to 2%? >> i think that under shoot is probably what the fed is really concerned about. they are talking about keeping rates at zero, holding down the short end of the curve for a while to make sure we get the economy back up and running. and we are seeing globally a diversions -- divergence. i think we will continue to see that story start and stop here in the u.s. right now, it is a beautiful spring day. and we are seeing going into spring break that we are probably going to have a new wave of covid crises in some places in the u.s. as college students and kids get out. we are pent up and want to be together. so, we are going to see a challenge in the weeks and months ahead. it will be both inflationary and covid. both of these things will continue to be a challenge to us. haidi: is that one of the reasons you prefer a

the correlations are genetic. jonathan: deeply -- are dramatic. jonathan: deeply correlated.t a certain point, are the same people on the same sides of this trade, just whipsawing either direction? jonathan: it's all been one trade. that is why we got the likes of tom keene slightly interested in an auction later this afternoon, and tens and 30's tomorrow. everyone has become a rates strategist. tom: but being honest here, within the nuances and mathematics of those announcements, and with immense respect to bloomberg world leadership in bond coverage, where abramowicz was weaned, does anybody show up at the margin? and the answer is they will. lisa: they showed up in force yesterday. it is one thing to show up in force for three years, another for 10 years. jonathan: it is. i just inc. it would be such a shocker, given the move we have seen over the last month, not to see that come back in. coming up in the next hour, jared bernstein, u.s. council of economic advisers. looking for to that. have you got some thing else to say, ah-didas? [laughter] [indiscernible] tom keene ta

convert over 5 continents and really the finding is in the last spring there was a coincidence and a correlation of the ask of 2 infection rates rising and pom pom concentrations and of note the lowest infection rates were observed at sites with a low concentration during the study period why do infection rates rise when there's a lot of pollen in the air. so the finding behind this is that pollen will weaken the antiviral defense of coastal surface is like nose and. you can imagine that it's like a pap aerated sheeted that pollen induce so normally we have a shield against viruses and and paul. making this leaky and this is why during pong season we are more susceptible viral infection spring is already here my eyes have been itching like crazy should i have. this is very important to know so it's not only about pollen allergy it's beyond pollen energy so this is an unspecific effect this has nothing to do with allergies this is something we are observing in every individual there's been criticism of this study despite it being so broad and global how great a risk is pollen for people with alle

that correlation has been in play.nt does it break down, and to the benefit of growth or to the detraction of treasuries? if yields start going down and tech goes down, do we see yields go up and text go up because of the growth prospects improving? jonathan: that is the market story. the outlook it's better because we are envisioning a world without a pandemic. we need to talk about the pandemic we are still in. we can do that with rick bright, rockefeller foundation senior vice president. great to have you on the program. i want to start with how you are working with the current administration, and the difference you are experiencing from working with the previous administration. what are you learning so far, and what are the additional things you've been able to achieve? rick: thanks for having me. it really is a stark difference between this administration and the last administration. it is no secret that i had my frustrations with the slow rollout of an overall response to the pandemic, and this continued to incre

who just this week condemned this type of violence when they make those statements it actually a correlate to changes in behavior so for instance a couple of quick examples 6 days after 911 president bush spoke of tolerance hate crimes drop precipitously the next day into the next year similarly. when we saw rhetoric against muslim people by the president after this san bernardino terror attack which affected our community he crime spiked another 23 percent on top of what we saw from the terror attack one last quick thing listen to this on march 23rd president trump uncharacteristically spoke of tolerance after a.d.h. s report said he asians are going to be targeted here asian americans and you know what on that one day where he tweeted and spoke of tolerance we didn't have anti asian hate crimes in new york or los angeles on that day but then the next day or 2 we started doing it again and we saw a continuation of these terrible attacks against our asian american brothers and sisters yes i suppose i think chris is now if rhetoric can home he can also heal and biden's approach is the polar

have not yet been vaccinated and the people who have been vaccinated is there any difference in correlation with a blood clot and then we look into what the number of people who have had a lot of clawed this year after vaccination compared to last 5 years evident data show based on all these figures one can clearly conclude is that any increased trend or not but just to put into the perspective 19 inspection decrease the blood clot formation so therefore i really see that this vaccine would have much more advantages than any sort of disadvantage that is precluded at this moment ok that's 100 bonaire from the university of lancaster thank you very much indeed stephan taken the time to speak to us here. thanks for having me. well let's take a look at some of the other stories making headlines around the world british police have arrested several people joining a 3rd night of demonstrations in london over the murder of sara ever anger has been growing over heavy handed policing of a vigil and also violence against women protesters want the u.k. government to scrap a bill which would give polic

have not yet been vaccinated and the people who have been vaccinated is there any difference in correlation with a blood clot and then we look into what the number of people who have had a lot of clawed this year after vaccination compared to last 5 years data so based on all these figures one can clearly conclude is that any increased trend or not but just to put into the perspective 19 inspection decrease the blood clot formation so therefore i don't really see that this vaccine would have much more advantages than any sort of disadvantage that is precluded at this moment ok that's 101 there from the university of lancaster thank you very much indeed stephan taken the time to speak to us here on the union's thanks for having me. but a 2nd look at other stories making headlines around the world the official instagram account of kremlin critic alexei novelli has shared the 1st photo of him since he started his 2 and a half year prison sentence the belly writes that he's serving his jail sentence at penal colony number 2 in prague all of that's 100 and that is 100 kilometers north of moscow

there wasn't a single asset class that was negatively correlated with stocks gold at the lowest correlationvery risky stocks there's no place to hide if you think financial assets are overvalued, there's no place to park your money right now and that's the reality we face as investors. when we secure tiesed every single real asset on the face of the earth, we got what we wanted, which is everything holds together >> what about bitcoin, have you taken that up as a valuation case study and attempted to put any sort of number on that you've spoken before and said it's speculative, but what do you think now? >> it's a pricing case study, not a valuation. whether bitcoin is a currency or a collectible, it cannot be valued, it can be priced the question we can ask is 50,000 or $60,000 as a fair price for bitcoin? from my aspect it's not. as a collectible it's gone up a lot but not gone up at the right times. last year when stocks were collapsing, bitcoin went down even more. that's not what you want in a collectible. so based on what it's done so far, i don't see why people are so upbeat about it

still the correlation between poverty and wealth in the modern world has not improved but has actually deteriorated due to the profound crisis in the countries which have emerged from the ussr. the situation was made worse by the headlong development of world communications and the systematic transmission of information inculcating in the less developed countries a more intense feeling of social deprivation and even of hopelessness and despair. turning now to the world economy, the increasingly close links between national economies and markets has been accompanied by intensified international competition leading to de facto trade wars and a threatened rebirth of protectionism. one of the worst of the new dangers is ecological. when winston churchill gave his speech here most people on this planet did not even suspect a mortal threat from that direction, but today global climatic shifts, the greenhouse effect, the ozone hole, acid rain, contamination of the atmosphere, soil and water by industrial and household waste, the destruction of the forests, et cetera, all threaten the stabilit

danish authorities have extended this the suspension of the vaccine pending further studies in correlation with blood clots. the us senate has confirmed rachel levine as the 1st transgender person to hold a senior government position in the united states the president's pick as assistant secretary levine led pennsylvania's response to the corona virus outbreak she will oversee health and human services. the tokyo lympics torch relay is under way under strict conditions to stop the spread of the coronavirus spectators will bod from the departure ceremony because of ongoing fears about the virus which holds the 2020 games to be postponed dusty it touches on a 121 day relay across japan before lighting the other big cauldron on july 23rd. and a new breakout for banksy piece game changes sofa $19400000.00 euros at christie's in london with the proceeds going to britain's national health service it pays tribute to frontline health workers in the pandemic praising nurses as the real superheroes elusive street artists and given the piece to university hospital inside south hampton with a note say